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  Infosys Q2 net profit up 11% to Rs 6,021 crore; to buyback shares worth Rs 9,300 crore

  October 13, 2022 17:17 IST

  The net profit of India's second-largest IT services company stood at Rs 5,421 crore in the same period a year ago.

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  'Logistical marvel': IMF Deputy Director Paolo Mauro praises India's digital cash transfer schemes

  October 13, 2022 11:32 IST

  Top leadership of the International Monetary Fund (IMF) praised India's monetary policy, digital economy, and growth despite being faced several challenges

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  Retail inflation spiked ninth time in a row; at 7.41 per cent in September

  October 12, 2022 18:26 IST

  With inflation remaining above the 6 per cent level, RBI, now, will have to give a report to the central government giving reasons for failure to contain inflation at 4 per cent with a bias of 2 per cent on either side.

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  Govt approves Rs 22,000 cr one-time grant for oil companies to cover for losses

  October 12, 2022 16:22 IST

  Oil Companies compensation: The one-time grant will be provided to three oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL). The three firms sell domestic LPG at government-regulated prices to consumers.

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  Festival bonanza for Railway employees! Govt announces 78-day bonus

  October 12, 2022 16:25 IST

  Railway Bonus:The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.

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  Markets gain in early trade amid largely negative trend in global markets

  October 12, 2022 13:04 IST

  Business News: After falling in the previous three trading sessions, the 30-share BSE benchmark climbed 179.53 points to 57,326.85 after a positive start. The broader NSE Nifty gained 52.75 points to 17,036.30.

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  Aadhaar card update: UIDAI urges document updation for numbers issued over 10 years back

  October 12, 2022 11:23 IST

  Aadhaar card update: It said those who were issued the unique identification number more than 10 years back and have not done any updation since the issue are being "requested" to update their documents.

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  Adani Data Networks gets licence for full fledge telecom services

  October 12, 2022 10:49 IST

  The newly-acquired 5G spectrum is expected to help Adani group's digitisation of its core infrastructure, primary industry and B2C business portfolio.

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  Ready to talk with startups to prevent them from moving out of India: Nirmala Sitharaman

  October 12, 2022 9:40 IST

  Startups in India: PM Narendra Modi, she told a think-tank here, has himself engaged with startups and the government’s policies have created an enabling environment as a result of which there are over 100 unicorns in India.

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  India doing better and in relative bright spot compared to others: IMF

  October 12, 2022 11:50 IST

  Business news: The IMF on Tuesday in its World Economic Outlook projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India.

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  RBI issues consolidated guidelines on unhedged foreign currency exposure

  October 12, 2022 8:21 IST

  Reserve Bank of India news: In the wake of a bank seeking clarification on various aspects related to UFCE, the RBI said a comprehensive review of the extant guidelines has been undertaken and all the existing instructions on the subject have been consolidated.

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  India in talks with different countries to make Rupay acceptable in their nation: Sitharaman

  October 12, 2022 7:27 IST

  Sitharaman made the remarks at the prestigious Brookings Institute think-tank during a fireside chat with eminent economist Eshwar Prasad.

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  Infosys President Ravi Kumar S resigns

  October 11, 2022 23:30 IST

  In his role as president, Ravi Kumar S led the Infosys Global Services Organisation across all industry segments.

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  'The worst is yet to come': IMF on global economy

  October 12, 2022 6:15 IST

  "The worst is yet to come", the global financial institution's World Economic Outlook report said, Sky News reported.

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  IMF cuts India's economic growth forecast to 6.8% for 2022-23

  October 11, 2022 23:55 IST

  Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001, except for the global financial crisis and the acute phase of the COVID-19 pandemic.

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  Rupee slips 1 paisa to 82.41 against US dollar in early trade

  October 11, 2022 17:04 IST

  Rupee v/s Dollar: At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar, then pared the gains to 82.41, registering a loss of just 1 paisa over its previous close.

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  Markets fall in early trade on weak global trends

  October 11, 2022 17:04 IST

  Business News: In the 30-share Sensex pack, Titan, Power Grid, Maruti, Mahindra & Mahindra, Bharti Airtel, Hindustan Unilever, ICICI Bank, and State Bank of India were the major laggards.

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  Rupee falls 39 paise to fresh lifetime low of 82.69 against US dollar in early trade

  October 10, 2022 13:12 IST

  Rupee v/s Dollar: At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.

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  India-UK Free Trade Agreement talks face deadlock over data: Report

  October 09, 2022 20:40 IST

  India countered the minister's claims that a Migration and Mobility Partnership (MMP) between the two countries had not "worked very well" in tackling visa overstayers, strategic experts suggested that the wrangles may well end up in a diluted trade pact.

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  HUL, Godrej Consumer cut soap prices by up to 15% as raw material rates soften

  October 09, 2022 18:56 IST

  HUL Godrej soap prices: HUL has reduced prices of its offerings under popular soap brands Lifebuoy and Lux by 5 to 11 per cent in the western region. Godrej Group arm GCPL, which owns soap brand Godrej No 1, has also reduced prices of soaps by 13 to 15 per cent.

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  Direct tax collection jumps 24 pc in first half of FY23

  October 09, 2022 13:47 IST

  Direct tax collection came at Rs 8.98 lakh crore between April 1 to October 8, 2022, 23.8 per cent higher than the gross collection in the corresponding period a year ago.

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  Hackers steal over $100 mn from top crypto exchange Binance

  October 08, 2022 11:55 IST

  Hackers have stolen nearly $568 million from the firm. Binance CEO Changpeng Zhao said in a tweet that the company estimates the impact of the breach to be between $100 million and $110 million.

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  CNG, PNG prices hiked by Rs 3 per kg in Delhi-NCR. Check new rates

  October 08, 2022 7:24 IST

  CNG price hike: The city gas distributors have been periodically raising prices since October last year when domestic as well as international gas prices started to climb.

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  IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids

  October 07, 2022 21:13 IST

  Life Insurance Corporation (LIC) holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the government holds 488.99 crore shares or 45.48 per cent stake.

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  RBI to soon launch e-rupee on pilot basis for limited use

  October 07, 2022 17:53 IST

  Digital money: "As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time," the central bank said in a concept note on Central Bank Digital Currency (CBDC).

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  Rupee falls 15 paise to close at all-time low of 82.32 against US dollar

  October 07, 2022 16:38 IST

  The rupee opened at 82.19, then fell further to 82.43 and finally settled for the day at an all-time low of 82.32 against the American currency At the interbank foreign exchange market, registering a decline of 15 paise over its previous close.

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  "Our commitment is reflected in our actions": Adani Group's Gautam Adani at Invest Rajasthan Summit

  October 07, 2022 13:38 IST

  Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani, while speaking at Invest Rajasthan 2022 Summit, in Jaipur has praised the effort of the government to push the economy of the state.

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  Multinationals are starting to see India as global manufacturing base, says Citigroup Global Co-Head

  October 06, 2022 18:09 IST

  Speaking to ANI, Manolo Falco said, "For us at Citi, there is a tremendous opportunity to support India's capital and advisory needs. Recent Government policies on logistics, hydrogen, EV will support further growth, self-reliance & efficiency."