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  DA hike! Good news for govt employees of THIS state; 3% hike in dearness allowance cleared

  August 15, 2022 14:06 IST

  DA hike: Some 9.38 lakh employees of the state government, panchayat service and pensioners will get the benefit, the chief minister has announced.

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  Akasa Air will honour legacy, values, beliefs of Rakesh Jhunjhunwala, says CEO Vinay Dube

  August 14, 2022 16:01 IST

  Rakesh Jhunjhunwala death: In the high growth potential and increasingly competitive Indian civil aviation space, the trajectory of Akasa Air, which started off its first flight on August 7 on the Mumbai-Ahmedabad route, will be closely watched.

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  State govts should not give 'freebies' beyond fiscal capabilities: Former NITI Aayog VC Rajiv Kumar

  August 14, 2022 14:00 IST

  "Non-merit freebies which are the nature of giving out gifts, consumer durables. Those are to be looked at carefully and in any case should not be undertaken by the governments who have fiscal constraints," Rajiv Kumar told in an interview.

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  Rakesh Jhunjhunwala, India's 'Warren Buffett', dies at 62 | 10 Facts

  August 14, 2022 12:13 IST

  Rakesh Jhunjhunwala passes away: Born on July 5, 1960 in a Rajasthani family, Jhunjhunwala grew up in Bombay, where his father worked as a Commissioner of Income Tax. He is survived by his wife and three children.

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  Achieving 11pc growth in next decade possible if India capitalises on demography: RBI Dy Guv

  August 13, 2022 18:00 IST

  RBI growth forecast: India has a window of opportunity in terms of its demographic advantage, capability to boost manufacturing, increase in exports value as well as internalisation, Patra said while delivering a speech to celebrate 'Azadi Ka Amrit Mohotsav' organised by the Reserve Bank of India.

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  Corporate tax collection up by 34 per cent between April-July

  August 13, 2022 14:31 IST

  Business news: The tax department tweeted on corporate tax collection growth in April-July in an apparent attempt to counter criticism of the 2019 reduction in tax rates for companies which was alleged to have dented the Centre's revenue collections, impacting its spending on social welfare schemes.

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  Don't intimidate borrowers, no calling before 8 am & after 7 pm, RBI directs loan recovery agents

  August 12, 2022 21:31 IST

  RBI to borrowing agents: While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it has observed that recovery agents are deviating from its instructions with regard to the recovery of loans.

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  Sensex, Nifty extend gains as oil & gas, metal stocks shine

  August 12, 2022 18:26 IST

  The 30-share BSE index ended 130.18 points or 0.22 percent higher at 59,462.78 as 13 of its constituents ended in the green.

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  Retail inflation eases to 6.71% in July as compared to 7.01% in June

  August 12, 2022 18:45 IST

  Retail inflation: In June, retail inflation was at 7.01 percent and it stood at 5.59 percent in July 2021.

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  Edible oils import jumps up 31 pc to 12.05 lakh tonnes in July

  August 12, 2022 16:34 IST

  Out of the total imports, the quantity of refined palm oil stood at 11,44,496 tonnes, crude palm oil at 36,59,699 tonnes, crude soyabean oil at 33,30,556 tonnes and crude sunflower oil at 15,03,627 tonnes.

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  Johnson & Johnson will stop manufacturing its talc-based baby powder from 2023. Here's why

  August 12, 2022 23:27 IST

  Johnson & Johnson's announcement comes after thousands of lawsuits were filed against the company by several women who claimed that the talcum-based baby powder contained asbestos and many of them developed several health issues including ovarian cancer.

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  Adani Group to Invest Rs 57,575 crore In Odisha; projects may create 9,300 direct local jobs

  August 11, 2022 21:47 IST

  Adani investment in Odisha: The High-Level Clearance Authority (HLCA) of the Odisha government, headed by Chief Minister Naveen Patnaik, approved Adani Group’s proposal to set up two projects — a 4 MMTPA Integrated Alumina Refinery and a 30 MMTPA Iron Ore (Value Addition) Project.

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  India to be fastest growing economy this yr: Govt source

  August 11, 2022 20:44 IST

  While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output.

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  10 crypto exchanges under ED lens, summons issued

  August 11, 2022 13:35 IST

  ED sources said the crypto exchanges didn't complete the KYC process of their investors. When the ED traced a few investors on the basis of their KYC, they reportedly turned out to be fake.

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  Elon Musk sells $7B in Tesla shares ahead of Twitter fight

  August 11, 2022 7:36 IST

  Musk countersued Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition.

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  Governor Bhagat Singh Koshyari confers Dr. Heramb Shelke with Maharashtra Leadership Award 2022

  August 14, 2022 12:52 IST

  Talking about the Maharashtra Leadership Award he received, Dr. Heramb Shelke expressed his gratitude for this appreciation. "I understand my responsibilities as a responsible citizen and businessman of India and am keen to deliver always the best that benefits everyone and my country," he said.

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  Govt withdraws airfare cap with effect from August 31

  August 10, 2022 20:43 IST

  Govt withdraws airfare cap: The ministry said that after reviewing the current status of scheduled domestic operations viz-a-viz passenger demand for air travel in terms of the purpose specified in the initial order.

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  Defence Expo 2022 to be held in Gandhinagar from Oct 18

  August 08, 2022 19:54 IST

  The exhibition was earlier proposed to be held between March 10 and 14 in Gandhinagar. However, on March 4, the ministry had postponed the event stating that participants were experiencing problems related to logistics.

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  Ford India to sell its Gujarat plant for Rs 725.7 cr to Tatas

  August 08, 2022 18:45 IST

  The Ford India will continue to operate its powertrain manufacturing facility by leasing back the land and buildings of the powertrain manufacturing plant from Tata Passenger Electric.

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  Rupee falls 40 paise to close at 79.64 against US dollar

  August 08, 2022 16:35 IST

  The rupee opened weak at 79.50 per dollar at the interbank foreign exchange market.

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  Sensex climbs 465 points; Nifty above 17,500; Axis Bank, Larsen & Tourbo among top gainers

  August 08, 2022 16:23 IST

  The 30-share BSE gauge climbed 465.14 points or 0.80 per cent to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93 per cent to 58,934.90. The broader NSE Nifty gained 127.60 points or 0.73 per cent to end at 17,525.10.

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  India's forex reserves rises after four weeks of fall

  August 07, 2022 19:03 IST

  In July, foreign investors turned net buyers in the Indian equities nearly after 10 months, with an investment of around Rs 4,980 crore in the Indian equity markets.

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  Vodafone Idea says industry needs tariff increases at regular intervals

  August 07, 2022 18:56 IST

  In the recently concluded spectrum auctions, the company acquired 5G spectrum in its priority circles covering 98 per cent of its revenue base, which will strengthen its competitive position.

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  Will bring back 10 grounded wide-body aircraft to service by early 2023: Air India

  August 07, 2022 14:55 IST

  Air India's newly appointed CMD Campbell Wilson had in the last week of July asked the airline's integrated operations control centre (IOCC).

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  Banks to spend additional $31 billion on 'artificial intelligence' to reduce frauds

  August 07, 2022 12:52 IST

  "In the process of coming up with digital products and services, new channels, and new payment methods, businesses might be overestimating the adequacy of their current defense mechanisms against fraud," said Michael Araneta, Associate Vice President, IDC Financial Insights.

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  India's auto industry expects high sales on back of new launches | Details

  August 07, 2022 11:48 IST

  The festive season, which usually witnesses a spike in automobile sales, begins this year on August 11 with Rakshabandhan stretching up to Diwali on October 25.

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  Alibaba lays off nearly 10K employees amid poor sales

  August 07, 2022 3:00 IST

  Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, down from 45.14 billion yuan in the same period last year.

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  HPCL Q1 results: Oil company reports record loss of Rs 10,196 cr - here's why

  August 06, 2022 21:18 IST

  HPCL Q1 results: Indian Oil Corporation (IOC) too reported a net loss of Rs 1,992.53 crore for the June quarter.