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  DoT, BSNL pensioners plan Parliament march next week

  March 05, 2020 17:40 IST

  Retired employees of the Department of Telecommunications (DoT) and BSNL are planning to organise a march to Parliament next week for demanding revision in their pension and its delinking from wage revision.

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  Sensex ends 61 points higher; SBI spurts on Yes Bank stake buzz

  March 05, 2020 16:50 IST

  Giving up most early gains, equity benchmark Sensex ended 61.13 points higher on Thursday as domestic investors weighed the impact of rising coronavirus cases in the country.

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  Gold price today: Gold rate falls Rs 157, silver prices decline Rs 99

  March 05, 2020 16:06 IST

  Gold on Thursday fell by Rs 157 to Rs 44,250 per 10 gram in the national capital amid muted demand for the precious metal. In the previous trade, it had closed at Rs 44,407 per 10 gram, according to HDFC Securities.

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  Holi Special Trains: IRCTC Alert! Indian Railways to run 58 pairs of trains with extra coaches

  March 09, 2020 10:54 IST

  IRCTC Alert! Are you planning to visit your family and friends this Holi festival? Then there's Good news for Indian Railways passengers! Travelling during Holi will not be hectic and you don't need to worry about the train reservation too.

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  EPFO Alert! Provident Fund interest rate reduced to 8.50% for FY20

  March 05, 2020 13:37 IST

  Bad news for salaried employees as they could face a cut in interest on their provident fund (PF) deposits for FY20. The Central Board of Trustees of Employees Provident Fund Organisation (EPFO) has recommended interest rate of 8.5%.

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  Chanda Kochhar's plea challenging termination from ICICI Bank rejected by Bombay High Court

  March 05, 2020 13:01 IST

  Chanda Kochhar's counsel Vikram Nankani earlier argued that her termination came months after the bank approved her voluntary resignation on October 5, 2018 and therefore, the termination is "illegal, untenable, and unsustainable in law".

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  Air India's arm AIESL to maintain Pratt & Whitney's geared turbofan engines in India

  March 05, 2020 12:56 IST

  The US-based aircraft engine maker Pratt & Whitney on Thursday announced that Air India's arm AIESL will maintain the company's geared turbofan (GTF) engines in the country.

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  Govt approves SBI's plan to buy Yes Bank stake: Report

  March 05, 2020 13:05 IST

  Cash-starved Yes Bank may be rescued by country's largest lender State Bank of India-led consortium as reports suggest that the government has approved a plan in this regard to save the bank from sinking.

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  Petrol, diesel to cost more in Karnataka from April 1

  March 05, 2020 12:45 IST

  Petrol and diesel in Karnataka will cost more from April 1, as the state budget for fiscal 2020-21 has proposed 3 per cent increase in VAT on both the most consumed fuels, Chief Minister B.S. Yediyurappa said on Thursday.

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  Reliance Retail acquires Shri Kannan Departmental Store

  March 05, 2020 11:48 IST

  Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL), has acquired 100 per cent stake in Tamil Nadu-based Shri Kannan Departmental Store Private Limited for Rs 152.5 crore.

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  Bank strike: 2 bank unions announce strike on March 27 against mergers

  March 05, 2020 11:59 IST

  Two major unions in the banking sector - All India Bank Employees' Association (AIBEA) and All India Bank Officers Association (AIBOA) will go on strike on March 27 opposing the mega bank mergers approved by the Union Cabinet on Wednesday, said a top leader of AIBEA.

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  Gold price today: Gold futures fall Rs 132 to Rs 43,437 per 10 gm

  March 05, 2020 10:57 IST

  Gold prices on Thursday fell by Rs 132 to Rs 43,437 per 10 gram in futures trade as participants cut down their positions tracking a weak trend overseas. 

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  Rupee freefall continues, down 5 paise in early trade against US dollar

  March 05, 2020 10:37 IST

  The Indian rupee continued its downward journey on Thursday, sliding another 5 paise to trade at 73.44 against the US dollar amid mounting fears of a coronavirus-led economic slowdown.

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  Sensex jumps nearly 300 points in early trade; Nifty tests 11,300

  March 05, 2020 10:11 IST

  The IMF on Wednesday said will make available about USD 50 billion through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support on account of coronavirus.

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  Coronavirus wipes USD 50 billion off global exports in February alone

  March 05, 2020 9:10 IST

  UN economists announced a likely USD 50 billion drop in worldwide manufacturing exports in February alone as the extent of the damage to the global economy caused by novel coronavirus COVID-19 moved further into focus.

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  Midnight raid at Jet Airways founder Naresh Goyal's home

  March 05, 2020 7:21 IST

  The Enforcement Directorate (ED) on Wednesday filed a fresh case of money laundering against Naresh Goyal, former chairman of the grounded Jet Airways, and the airlines.

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  Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delay: Sources

  March 04, 2020 20:51 IST

  The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to sources.

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  SBI Cards IPO subscribed 15.49 times on third day of bidding

  March 04, 2020 19:49 IST

  ​Initial public offer of SBI Cards and Payment Services was subscribed 15.49 times on the third day of bidding on Wednesday. The company's IPO received bids for more than 155 crore shares against the total issue size of 10 crore shares, as per the NSE data.  

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  Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman

  March 04, 2020 19:47 IST

  ​The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from April 1, Finance Minister Nirmala Sitharaman said. These will be in addition to State Bank of India, Bank of Baroda, and Bank of India.  

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  Coronavirus outbreak: Amazon, Nestle ask employees to avoid non-essential travel abroad

  March 04, 2020 19:49 IST

  Coronavirus outbreak: ​Online marketing giant Amazon has asked its nearly 800,000 workers to postpone any non-essential travel within the United States or around the globe. The deadly virus has claimed over 3,000 lives across the world so far.

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  AGR case: Govt detaches GAIL, OIL, other PSUs from telecom firms

  March 04, 2020 18:28 IST

  The government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday.

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  Coronavirus in India: India Inc pushes for work from home, stopping spread of misinformation

  March 04, 2020 18:54 IST

  Coronavirus in India: As novel coronavirus hits Indian shores and number of cases rise, top names in Indian corporate world like TCS, HCL among others are taking notice and implementing measures to safeguard the health of their employees. Many companies are advising work from home.

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  India's services sector growth hits seven-year high in Feb: PMI

  March 04, 2020 17:08 IST

  The IHS Markit India Services Business Activity Index rose from 55.5 in January to 57.5 in February. This is the fastest expansion in services output since January 2013. Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years.

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  Why PPF investment is not just wise income tax saving option but much more…

  March 06, 2020 8:39 IST

  Whenever you talk of PPF or Public Provident Fund account, you think of saving income tax deductions. But here we try and explain to you how PPF investment should not just be once a year tax saving scheme.

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  SBI Cards IPO subscribed 3.32 times

  March 04, 2020 16:03 IST

  SBI Cards and Payment Services listing has survived the coronavirus storm in the market as its IPO has been oversubscribed 3.32 times in a weak market.

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  Scare in Markets? Sensex ends 214 points lower as coronavirus threat looms

  March 04, 2020 16:04 IST

  Resuming its downward spiral, equity benchmark Sensex ended 214 points lower after a highly volatile session on Wednesday as concerns over rising cases of coronavirus in India kept domestic investors on the edge. After gyrating over 945 points during the day, the 30-share index settled 214.22 points or 0.55 per cent lower at 38,409.48.

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  Air India sale: FDI limit for NRIs raised to 100 per cent

  March 04, 2020 16:41 IST

  To accommodate a smooth sale of Air India, the government has increased the Foreign Direct Investment (FDI) limit for the non resident Indians (NRI). The initiative comes as the government's long term plan to disinvest in Air India.

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  Gold price today: Gold rate zoom Rs 1,155, silver jumps Rs 1,198

  March 04, 2020 15:50 IST

  Gold prices zoomed Rs 1,155 to Rs 44,383 per 10 gram on Wednesday in the national capital with continuous rupee deprecation and strong buying in global safe-haven assets, according to HDFC Securities.