More From Economy
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Not onions, but tomatoes bring tears! prices soar Rs 100 per kg in Bengaluru, Raipur
June 27, 2023 10:17 ISTTomato prices touched Rs 100/kg in some cities. Heavy rains hit the transportation of the vegetables which caused the sudden hikes in the prices.
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EPFO deadline to apply for higher pension extended to July 11
June 26, 2023 23:04 ISTThe body in charge of the provident fund had previously extended the deadline twice, first from March 3 to May 3 and then to June 26. The deadline was extended to give pensioners more time to solve any issues they might have.
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Infosys bags USD 454 million digital transformation deal from Denmark's Danske Bank
June 26, 2023 20:30 ISTAs part of the strategic collaboration, Infosys will also acquire Danske Bank’s IT centre in India which employs 1400 digitally skilled professionals.
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Synoptics Technologies IPO to open on Jun 30, list on NSE Emerge
June 26, 2023 20:40 ISTThe total size of the public issue is 22. 80 lakh shares. The IPO aims to raise Rs 54. 04 crore. The issue comprises of fresh issue of 14. 80 lakh equity shares amounting to Rs 35. 08 crore and an offer for sale (OFS) of up to 8 lakh shares worth Rs 18.96 crore.
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Stock market: Asian shares mixed, oil prices gain after Wagner armed rebellion quelled in Russia
June 26, 2023 14:54 ISTA preliminary report last week indicated the overall US economy continues to grow, even though manufacturing is shrinking and its output fell to a five-month low.
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India to remove additional customs duties on eight US products
June 26, 2023 6:23 ISTThese duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products.
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Two-thirds of Rs 2,000 notes returned within a month of withdrawal: RBI Guv Shaktikanta Das
June 25, 2023 15:55 ISTShaktikanta Das had said around Rs 1.8 lakh crore worth of the Rs 2,000 notes in circulation had been returned, with the remaining balance being exchanged for deposits and deposits of 8 lakh crore.
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Adani Day: Group celebrates its Foundation Day & Chairman’s birthday with members of 1983 team
June 24, 2023 19:32 ISTGautam Adani established the Adani Group in 1988, a conglomerate with diverse interests in mining, infrastructure, power generation, ports, logistics, renewable energy, and power generation. Coal, agricultural products, and textiles were among the first commodities that the group traded and exported
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Google to open fintech operation centre in Gujarat: Sundar Pichai after meeting PM Modi
June 24, 2023 6:15 ISTWe are announcing the opening of our global fintech operation centre in GIFT City, Gujarat. PM’s vision for Digital India was way ahead of his time I now see it as a blueprint that other countries are looking to do, said Google CEO Sundar Pichai.
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Jio's satellite unit favours auction, Airtel joins satcom firm to oppose the method
June 23, 2023 23:48 ISTElon Musk-owned SpaceX too has suggested an auction model but it is not for the auction of spectrum but bids in the form of a percentage of annual revenue as spectrum value fee in lieu of upfront currency bids.
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HDFC Life gets Rs 942-crore GST demand notice
June 23, 2023 23:35 ISTStating that the input tax credit (ITC) case is an industry-wide issue, HDFC Life said the company will be taking appropriate steps in due course to reply to the show cause notice and contest the matter.
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New Power Tariff Rule: Consumers can save upto 20% in electricity bills | HERE is how
June 23, 2023 21:29 ISTThe Government of India has introduced two changes to the prevailing power tariff system, through an amendment to the Electricity (Rights of Consumers) Rules, 2020.
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India's forex reserves jump $2.35 billion to $596 billion
June 23, 2023 20:32 ISTIt can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
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Good news! Petrol, diesel prices to come down soon | Here is WHY
June 23, 2023 16:22 ISTOil marketing companies (OMCs) may cut petrol and diesel price by Rs 4-5 a litre from August onwards given the key state elections likely from November-December onwards.
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Deloitte resigns as BYJU'S auditor, edtech firm ropes in BDO for audit
June 22, 2023 23:30 ISTDeloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed.
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Indians' funds in Swiss banks down 11% to Rs 30k cr on dip in customer deposits
June 22, 2023 21:16 ISTThe decline in aggregate funds of Indian clients with Swiss banks, from a 14-year-high of CHF 3.83 billion in 2021, follows two consecutive years of increase and was largely driven by a sharp plunge of nearly 34 per cent in customer deposit accounts from a seven-year high.
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Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades
June 22, 2023 19:52 ISTSebi had observed large-scale reversal trades in the illiquid stock options segment on BSE, leading to artificial volumes on the exchange.
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Monetary Policy Committee: 'Fight against inflation not over, job only half done,' says RBI Governor
June 22, 2023 19:49 ISTFor the second time in a row, the RBI decided unanimously to maintain the repo rate at 6.5%. The interest rate at which the RBI lends to other banks is known as the repo rate.
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PM Modi US visit: Micron to set up $2.75 bn semiconductor plant in Gujarat; 5,000 new jobs to open
June 22, 2023 17:40 ISTAs PM Modi's US visit is underway, Micron Technology in a statement said that it will invest USD 825 million in the semiconductor test, assembly plant while the rest of finance will come from the government.
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Uber to lay off 200 employees; 17 pc reduction in workforce since COVID pandemic
June 22, 2023 16:19 ISTSince the beginning of the epidemic, the company has reduced its employees by 17 per cent.
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GoFirst flights grounded for almost 2 months after it filed 'insolvency' | READ
June 22, 2023 8:59 ISTGo First update: Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
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Sylvester daCunha, creator of Amul's 'Utterly Butterly' ad campaign, passes away
June 21, 2023 20:58 ISTThe creator of Amul's 'Utterly Butterly' campaign Sylvester daCunha has passed away.
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Akasa Air announces to add 4 more Boeing 737 Max planes, 'three-digit' aircraft order this year
June 21, 2023 16:30 ISTAkasa Air also stated that it is on track to announce another significant three-digit aircraft order by the end of 2023, in addition to announcing the decision to purchase four additional planes on Wednesday.
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PM Modi discusses India's growth story with top American think tanks in New York
June 21, 2023 16:11 ISTPM Modi and Prof. Romer held discussions on India’s digital journey, including the use of Aadhar and innovative tools like Digilocker. They also discussed various initiatives being undertaken by India for urban development.
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Sensex hits record high of 63,588 in early trade amid buying in index majors HDFC twins, Reliance
June 21, 2023 11:50 ISTFrom the Sensex pack, Power Grid, UltraTech Cement, HDFC Bank, Wipro, HDFC, Hindustan Unilever, Larsen & Toubro, Tech Mahindra, Bajaj Finserv, Titan, Tata Consultancy Services, and Reliance Industries were the major gainers.
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After Indigo, Air India signs pacts with Airbus, Boeing to buy 470 aircrafts
June 21, 2023 10:18 ISTThe Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.
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SBI MD Swaminathan Janakiraman appointed as RBI deputy governor
June 20, 2023 17:13 ISTA Cabinet Secretary-headed panel interviewed shortlisted candidates on June 1 for the post of RBI Deputy Governor in place of MK Jain, completing his extended tenure on Tuesday.
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BYJU's lays off close to 1,000 employees across all departments
June 19, 2023 23:34 ISTBYJU's had announced cutting about 5 per cent of 2,500 employees over six months starting October 2022 as it unveiled the company's plan to become profitable by March 2023.
Top News
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'I was unfaithful': Nvidia chief Jensen Huang admits to affair with alleged Chinese spy after expose
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Delhi's air quality 'very poor' morning after Diwali as AQI hits 366, thick smog engulfs capital
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Yogi Adityanath hints scheme for women in UP ahead of polls: 'We're bringing a special package'
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'They are a failing nation': Trump says fresh US strikes on Iran 'highly unlikely'
Latest News
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16-year-old boy stabbed to death for resisting phone snatching attempt in Delhi's Wazirabad
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Yogi Adityanath hints scheme for women in UP ahead of polls: 'We're bringing a special package'
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19 Indian seafarers stranded for two weeks in Yemen safely evacuated, on way back home
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From NBCC to RITES, shares of these PSUs and other companies to trade ex-date this week: Full list
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'I was unfaithful': Nvidia chief Jensen Huang admits to affair with alleged Chinese spy after expose
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Two employees watch live cricket from office overlooking stadium, get caught on giant screen
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Woman shares why she 'felt like a man' during a routine 2 am cab ride in Mumbai
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Sanjiv Goenka identifies man in viral Bengali family's rickshaw video, calls it 'heartening'
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'Ravan strikes back': Viral video shows rockets firing from burning effigy in UP's Bulandshahr
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Bulandshahr: Man jumps from 60 feet after setting himself on fire, stunt captured on video