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  Stock markets update: Sensex surges 226 points, Nifty up by 78 points to 22,182 in early trade

  May 14, 2024 11:13 IST

  In the early trade, the 30-share BSE Sensex climbed 225.92 points to 73,002.05. Meanwhile, the Nifty declined was also up by 78.65 points to 22,182.70 points.

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  Govt likely to make anti-fake review rules mandatory for e-commerce firms

  May 13, 2024 19:11 IST

  The proposed move is in the backdrop of a booming India's online retail sector. The sector is projected to surge to USD 325 billion by 2030 from USD 70 billion in 2022, as per a report by Deloitte Touche Tohmatsu India.

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  Retail inflation declines to 4.83 per cent in April, kitchen item prices play a role

  May 13, 2024 19:32 IST

  While formulating its bi-monthly monetary policy, the RBI considers consumer inflation. It notes that uncertainties surrounding food prices continue to exert influence on the inflation trajectory in the foreseeable future.

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  Zomato posts consolidated net profit of Rs 175 crore in Q4 FY24

  May 13, 2024 19:28 IST

  “We hope to continue to maintain this rating with progress on our ambitious Net Zero goal to achieve net zero emissions across our food delivery value chain by 2033,” said Deepinder Goyal, Founder & CEO, Zomato Hyperpure.

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  Sensex and Nifty rebound in late trading, close with gains

  May 13, 2024 16:50 IST

  The Sensex and Nifty rebounded dramatically on Monday, spurred by buying in HDFC Bank, ICICI Bank, and Tata Consultancy Services. The BSE Sensex closed higher by 111.66 points, or 0.15%, at 72,776.13 after hitting a low of 71,866.01 during the day.

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  India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant

  May 12, 2024 14:40 IST

  India's GDP grew at a massive 8.4 per cent during the October-December quarter of the financial year 2023-24, and the country continued to remain the fastest-growing major economy and is poised to maintain its growth trajectory going ahead.

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  India's foreign exchange reserves jump USD 3.7 billion

  May 11, 2024 12:30 IST

  Forex reserves are assets that are held by a nation's central bank or monetary authority. It's generally held in reserve currencies, usually US Dollar and, to a lesser degree, Euro, Japanese Yen, and Pound Sterling.

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  Industrial production grows 4.9 per cent in March, 5.8 per cent in FY24

  May 10, 2024 18:37 IST

  The manufacturing sector, which provides quality jobs to the young graduates passing out from the country’s universities and engineering institutes, posted a 5.2 per cent growth during the month.

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  Gold price rises on Akshaya Tritiya in India: Check gold rates in your city on May 10

  May 10, 2024 16:19 IST

  Gold rates in India saw a slight increase on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, 10 grams of 24-carat gold was priced at Rs. 73,240 today, while on the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams.

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  Stock markets update: Sensex surges 203 points, Nifty up by 83 points to 22,041 in early trade

  May 10, 2024 11:32 IST

  After suffering for two consecutive days, the Equity benchmark indices opened in green on Friday with Sensex and Nifty surging in the opening trade.

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  Air India Express cabin crew calls off strike as airline agrees to withdraw 25 termination letters

  May 09, 2024 23:58 IST

  The Tata Group-owned airline has cancelled more than 170 flights since Tuesday night after the cabin crew started reporting sick to protest against the alleged mismanagement at the airline.

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  Stock market plunge: Sensex dips over 1,000 points, Nifty falls by 345 points

  May 09, 2024 16:03 IST

  As worries surrounding the general elections persisted, both the Sensex and the Nifty 50 witnessed a significant drop of over 1 per cent during Thursday's trading session. The volatility intensified on the weekly Nifty options expiry day, adding to the market turmoil.

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  Supreme Court says interest-free loans given to bank employees taxable as 'fringe benefits'

  May 09, 2024 12:26 IST

  Bank employees face a setback as a court decision upholds income tax regulations on their benefits. The ruling, which has been criticized for its arbitrary nature, ties the taxation of these benefits to the interest rates set by the State Bank of India.

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  Stock markets suffer on second consecutive day; Sensex slides 251 points, Nifty falls 68 points

  May 09, 2024 11:25 IST

  Across the Asia-Pacific region, markets are displaying mixed sentiment ahead of China’s April trade figures and Japan’s pay statistics. Asian bond markets experienced a decline on Thursday, mirroring the selling pressure observed in Treasuries during the previous session, which supported the dollar.

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  RBI proposes stringent rules for funding under-construction projects: What will be the impact?

  May 08, 2024 18:05 IST

  With a focus on reducing NPAs, the proposed regulations require banks to provision up to five per cent of the loan amount during the construction phase, with adjustments as the project progresses.

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  Stock markets open in red: Sensex declines over 360 points, Nifty down to 22,185 in early trade

  May 08, 2024 11:01 IST

  In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.

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  Stock markets open with minor gains: Sensex surges 77 points, Nifty reach 22,489 points

  May 07, 2024 10:53 IST

  In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.

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  Sensex ends marginally higher after volatile trade; Nifty below 22,500

  May 06, 2024 16:34 IST

  The marginal increase in the Sensex suggests cautious optimism among investors, while the dip in the Nifty indicates some profit-taking and consolidation in select sectors.

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  Stock markets update: Sensex surges over 450 points, Nifty opens above 22,550 points

  May 06, 2024 11:38 IST

  In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550.

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  "India holds untapped, unattended opportunities," says Warren Buffett

  May 05, 2024 18:58 IST

  Billionaire investor Warren Buffett expressed interest in exploring untapped opportunities in the Indian market during Berkshire Hathaway's annual meeting. Despite highlighting the potential, Buffett emphasized the need for advantageous insights and contacts to pursue ventures in India.

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  Foreign portfolio investors return as buyers in Indian stock market

  May 05, 2024 11:54 IST

  Before November, FPI participation in Indian stocks was lukewarm, and they had turned net sellers. They sold Rs 14,768 crore and Rs 24,548 crore in September and October, respectively.

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  Paytm COO Bhavesh Gupta quits, company rejigs senior management

  May 04, 2024 21:05 IST

  Bhavesh Gupta mentioned in his letter that his resignation will be effective close of business hours on 31 May.

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  Air India reduces cabin baggage allowance to 15 kg for lowest fare segment

  May 04, 2024 17:47 IST

  Prior to the introduction of the fare families concept, passengers on Air India's domestic flights were allowed to carry 25 kilograms of cabin baggage free of any additional charge.

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  Government lifts ban on onion exports, imposes minimum export price of USD 550 per tonne

  May 04, 2024 12:42 IST

  The government imposed a 40 per cent duty on the export of onions last night. In August last year, India had imposed a 40 pc export duty on onions up to December 31, 2023.

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  Ministry of Civil Aviation to launch Air Taxi service across Delhi NCR, 48 heliports passed

  May 03, 2024 17:25 IST

  The development comes days after IndiGo Airlines, a leading airline company unveiled their plans to introduce electric air taxis. IndiGo is planning its project on the Delhi-Gurugram route in collaboration with America-based Archer Aviation.

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  Apple announces USD 110 billion stock buyback, largest in company’s history

  May 03, 2024 11:09 IST

  As it races to bring AI into its products, Apple's massive buyback program may appease investors who have been bruised by its sinking stock price.

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  Stock markets update: Sensex surges over 470 points, Nifty hits record peak in early trade

  May 03, 2024 10:16 IST

  In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.

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  97.76 per cent of Rs 2,000 currency notes returned, says RBI

  May 02, 2024 19:25 IST

  The total value of Rs 2,000 banknotes dropped drastically from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, indicating a substantial decline, according to RBI statements.