More From Economy
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Gautam Adani to invest $100 billion across new energy, data centres
September 28, 2022 18:22 ISTThe ports-to-energy conglomerate will add 45 gigawatts of hybrid renewable power generation capacity and build 3 Giga factories to manufacture solar panels, wind turbines and hydrogen electrolyser.
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How to protect your finances from cyber threats this festive season: Learn from the experts
October 25, 2022 12:29 ISTWhile individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season.
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Markets fall sharply in early trade; Sensex tumbles 817 points
September 26, 2022 10:07 ISTPower Grid, Tata Steel, Maruti, Mahindra & Mahindra, NTPC, IndusInd Bank, Axis Bank and Titan were the major laggards in the early trade.
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Apple now manufacturing iPhone 14 in India as tech titan bets big on country's Make in India dream
September 26, 2022 7:50 ISTThe government has unveiled attractive incentives to spur local production and export of telecom and networking equipment as well as IT products, and a Rs 76,000 crore semiconductor scheme was announced late last year to boost local manufacturing of chips and display panels.
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RBI set for fourth straight rate hike to quell inflation, say experts
September 25, 2022 16:52 ISTThe RBI Governor-headed Monetary Policy Committee (MPC) is scheduled to start its three-day deliberations on Wednesday. The decision of the rate-setting panel would be announced on Friday (September 30).
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Free trade talks in final phase with Diwali deadline in sight, says London Lord Mayor
September 25, 2022 11:54 ISTVincent Keaveny, the 693rd Lord Mayor who represents the financial hub of the City of London globally, has just returned from a four-day visit to India following meetings with leading Indian businesses and investors and finance chiefs at RBI and SEBI.
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Market updates: 7 of top-10 firms lose Rs 1.34 lakh cr in mcap; RIL biggest laggard
September 25, 2022 11:50 ISTReliance Industries retained its top spot in the list of the most valued Indian firms, followed by TCS, HDFC Bank, HUL, ICICI Bank, Infosys, SBI, Bajaj Finance, Adani Transmission and ITC.
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Natural gas price to rise to record level this week, say sources
September 25, 2022 11:25 ISTNatural gas price hike this week will be the third increase in rates since April 2019 and comes on the back of firming benchmark international prices.
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Rupee has held up very well against dollar compared to other currencies: FM
September 24, 2022 20:41 ISTAgainst the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.
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Byju's clears USD 230 million dues to Blackstone for Aakash acquisition
September 24, 2022 16:46 ISTByju's co-founder and CEO Byju Raveendran at the time of announcing the result had said that the contractual commitment of the two investment firms is still there, but the fund has not come and these entities have not made any investment in the last six months.
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India is on track to attract USD 100 bn FDI this fiscal: Govt
September 24, 2022 23:51 ISTIn 2021-22, the country received the "highest ever" foreign inflows of USD 83.6 billion.
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India 'stalled' during UPA-era, says NR Narayana Murthy, co-founder, Infosys
September 23, 2022 23:28 ISTDuring his interaction with young entrepreneurs and students at the Indian Institute of Management - Ahmedabad (IIMA), Murthy expressed confidence that young minds can make India a worthy competitor of China, the world's second-largest economy.
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Sebi levies Rs 23 lakh fine on 3 entities for violating open offer norms
September 23, 2022 22:37 ISTThe regulator found that as on January 2015, the promoters of Rammaica comprised Tien Trading Pvt Ltd held a 9.89 per cent stake, while Artlink Vintrade owned 2.39 per cent equity shares in the company.
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Sensex sinks 1,020 points as rate hikes trigger global sell-off; posts weekly loss
September 23, 2022 18:06 ISTThe 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to close at 58,098.92. Similarly, the NSE Nifty plummeted 302.45 points or 1.72 per cent to end at 17,327.35.
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New telecom bill likely to be in place in 6-10 months: Aswini Vaishnaw
September 23, 2022 14:21 ISTThe new bill seeks to replace three laws: the Indian Telegraph Act, 1885, the Indian Wireless Telegraphy Act, 1933 and the Telegraph Wires (Unlawful Possession) Act, 1950.
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Indian stocks slump on global monetary policy tightening; Rupee at new low
September 23, 2022 13:18 ISTIndia's forex reserves are at a two-year low. The reserves have dropped by almost USD 80 billion since the escalation of the Russia-Ukraine tensions into war earlier this year.
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Mahindra Finance faces RBI's tough action days after Hazaribagh mishap
September 23, 2022 13:31 ISTShares of Mahindra & Mahindra Financial Services Limited (MMFSL) tanked 10 per cent on Friday following RBI's action. This is the biggest fall in Mahindra Finance share price since March 2020.
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Tata Steel board approves merger of six subsidiary companies
September 23, 2022 12:29 ISTThe board-approved amalgamation of subsidiaries is Tata Steel Long Products Limited, Tinplate Company of India Limited, Tata Metaliks Limited, The Indian Steel & Wire Products Limited, Tata Steel Mining Limited, and S & T Mining Company Limited.
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Markets continue to remain weak tracking bearish global trends
September 23, 2022 11:12 ISTAmong the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade. Tata Steel, Hindustan Unilever, Sun Pharma, Infosys, HCL Technologies, and Dr. Reddy were the gainers
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Rupee opens at record low for first time, breaches 81- mark against US dollar
September 23, 2022 11:00 ISTAt the interbank foreign exchange, the rupee opened at 81.08 against the greenback, then fell further to 81.23, registering a fall of 44 paise over its previous closing.
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Reliance Industries' green energy arm acquires 20 per cent of US-based solar firm Caelux
September 23, 2022 13:47 ISTReliance Industries news: Its proprietary technology enables high-efficiency solar modules that can produce 20 per cent more energy over the 25-year lifetime of a solar project at significantly lower installed cost.
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Meet Neha Narkhede, youngest 'self-made' woman entrepreneur on India Rich List
September 22, 2022 19:05 ISTNeha Narkhede, the co-founder of streaming data technology company Confluent, has been named the youngest self-made woman entrepreneur on the list of wealthy individuals.
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How technology is boosting supply chain dynamics?
September 22, 2022 18:52 ISTThe advent of new-age logistics firms deploying the latest technology has disrupted the country’s complete supply chain universe, which is now experiencing a transformation.
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Maharashtra's Laxmi Co-operative Bank license cancelled, depositers can claim up to THIS much amount
September 23, 2022 16:31 ISTMaharashtra's Laxmi Co-operative Bank will cease to carry on banking business, with effect from the close of business on September 22, 2022, a statement from RBI said.
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Rupee tanks 90 paise to close at all-time low of 80.86 against US dollar
September 22, 2022 16:43 ISTForex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite.
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Markets continue to trade weak; Sensex falls nearly 484 points in early trade
September 22, 2022 11:05 ISTAmong the 30-share Sensex pack, Bajaj Finserv, HDFC, Wipro, HDFC Bank, Tech Mahindra, HCL Technologies, Power Grid, and ICICI Bank were the major laggards. ITC, Maruti, IndusInd Bank, and Hindustan Unilever were among the gainers in early trade.
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Rupee slumps 51 paise to all-time low of 80.47 against US dollar
September 22, 2022 10:53 ISTAt the interbank foreign exchange, the local currency was trading at 80.47 against the dollar, down 51 paise from its previous close.
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DoT proposes fee, penalty waiver under new telecom rules
September 22, 2022 8:34 ISTDoT's bill proposes to exempt "press messages that are intended to be published in India" of correspondents accredited to the central or state government from interception.
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Delhi pollution row after Diwali, AAP alleges AQI fraud as BJP claims Punjab farm-fire conspiracy
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UP Elections 2027: BJP finalises names of 209 candidates, list sent to Delhi for final approval
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Sheikh Hasina seeks new passport ahead of Bangladesh return even as Dhaka pushes for extradition
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Pakistani TV anchor Rabia Ahsan shot dead in Rawalpindi, husband taken into custody on murder charge
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Pakistani TV anchor Rabia Ahsan shot dead in Rawalpindi, husband taken into custody on murder charge
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Nvidia shares fall 5.75% as CEO Jensen Huang admits to affair with alleged Chinese spy after expose
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Godzilla Minus Zero tops global box office charts; a look at its latest worldwide collection
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NPS Central to simplify pension account management for subscribers, here's all investors must know
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Anirudh Ravichander to marry Kavya Maran in Greece; Rajinikanth leaves for wedding
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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