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  Sensex zooms over 1,700 pts to reclaim 58K-level; Nifty above 17K

  February 15, 2022 19:35 IST

  The 30-share Sensex surged 1,736.21 points or 3.08 per cent to end at 58,142.05 – recouping the losses suffered on Monday. Likewise, the NSE Nifty soared 509.65 points or 3.03 per cent to settle at 17,352.45.

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  Russia-Ukraine crisis boosts gold, crude oil prices

  February 14, 2022 23:40 IST

  The Brent-indexed Crude oil prices crossed $96 per barrel, the highest in seven years.

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  Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

  February 14, 2022 22:03 IST

  We have seen that crypto-technology is underpinned by a philosophy to evade government controls. Cryptocurrencies have specifically been developed to bypass the regulated financial system. These should be reason enough to treat them with caution, RBI Deputy Governor T Rabi Sankar said.

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  Discussions underway with RBI on crypto, digital currency: FM Sitharaman

  February 14, 2022 22:09 IST

  Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year. She had also announced the government will levy 30 per cent tax on gains made from any other private digital assets from April 1.

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  Momentum of inflation on downward slope, says RBI Governor

  February 14, 2022 16:54 IST

  The RBI takes into account a particular range within which crude prices are expected to fluctuate considering all the factors that can be anticipated and that can be sort of foreseen as of today.

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  Sensex tanks over 1,700 pts; Nifty cracks below 17,000

  February 14, 2022 16:42 IST

  The 30-share Sensex nosedived 1,747.08 points or 3 per cent to settle at 56,405.84 and the broader Nifty plummeted 531.95 points or 3.06 per cent to 16,842.80.

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  'Loans to ABG Shipyard turned NPAs prior to 2014': FM Sitharaman

  February 14, 2022 16:44 IST

  The Central Bureau of Investigation (CBI) recently booked ABG Shipyard Limited, its former chairman and managing director Rishi Kamlesh Agarwal and others for allegedly cheating a consortium of two dozen lenders led by ICICI Bank.

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  Discussions on with RBI over digital currency, says Finance Minister Sitharaman

  February 14, 2022 16:50 IST

  Replying to questions after addressing the RBI's Central Board of Directors on Monday, Finance Minister Sitharaman said the central bank and the government are on board regarding digital currencies.

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  WPI inflation eases to 12.96 pc in Jan; food prices harden

  February 14, 2022 12:50 IST

  Inflation in manufactured items was 9.42 per cent in January, against 10.62 per cent in the previous month. In fuel and power basket, the rate of price rise was 32.27 in January, a tad lower than 32.30 per cent in December.

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  Sensex down over 1,500 points on initial deals over geopolitical worries

  February 14, 2022 11:53 IST

  The 30-share Sensex nosedived 1,540.85 points to 56,612.07 in early deals and the broader Nifty plummeted 458.20 points to 16,916.55. On the Sensex chart, all 30 shares were trading with steep to moderate losses -- with SBI, Tata Steel and IndusInd Bank tumbling over 4 per cent.

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  LIC IPO: Govt to sell 31 crore equity shares in one of India's largest sales

  February 13, 2022 23:57 IST

  LIC's listing is crucial for the government to meet the lowered revenue estimates of Rs 78,000 crore for the current financial year. The government had an initial target of Rs 1.75 lakh crore from the disinvestment proceeds.

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  ABG Shipyard bank fraud: SBI claims there was no delay in the filing of case

  February 13, 2022 19:40 IST

  ABG Shipyard fraud is much higher than the one perpetrated by Nirav Modi and his uncle Mehul Choksi, who allegedly cheated the Punjab National Bank (PNB) of around Rs 14,000 crore through the issuance of fraudulent Letters of Undertaking (LoUs).

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  EPFO to take call on interest rate for 2021-22 in March

  February 13, 2022 13:50 IST

  Asked whether EPFO would maintain the 8.5 per cent interest rate for 2021-22 as decided for 2020-21, Yadav, who also heads the CBT, said the decision would be taken on the basis of income projection for the financial year.

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  Effective import duty on crude palm oil cut to 5.5% to cool edible oil prices

  February 13, 2022 7:39 IST

  Basic customs duty is already nil on crude palm oil (CPO) and now the Central Board of Indirect Taxes and Customs (CBIC) through a notification has cut the agri infra development cess to 5 per cent from 7.5 per cent, effective from February 13.

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  'Humara Bajaj' no more! Rahul Bajaj, the man whose 'Chetak' bonded Indian middle class, passes away

  February 12, 2022 20:52 IST

  Rahul Bajaj (83), who stood down from his position of non-executive director and chairman of Bajaj Auto on April 30 last year and remained as the Chairman Emeritus, was not keeping well for some time and passed away at around 2:30 pm on Saturday.

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  Rahul Bajaj passes away: Leaders extend heartfelt condolences over industrialist's death

  February 12, 2022 18:21 IST

  Bajaj was not keeping well for quite some time and passed away at around 1430 hrs on Saturday, the official said. His last rites will be held on Sunday.

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  Rahul Bajaj, former Chairman Of Bajaj Group, passes away at 83

  February 12, 2022 17:09 IST

  In 2001, Rahul Bajaj was conferred the third-highest civilian award Padma Bhushan.

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  N Chandrasekaran reappointed as Tata Sons Chairman for five more years

  February 11, 2022 17:12 IST

  The board members commended the performance of the Executive Chairman and unanimously approved the re-appointment of Chandrasekaran as the Executive Chairman for the next five years, Tata Sons stated.

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  Ashneer Grover controversy: Interim report on governance lapses in BharatPe in 2 weeks: CEO

  February 11, 2022 15:04 IST

  Grover, who was sent on a three-month leave following allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices, has denied all allegations.

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  What Nirmala Sitharaman said on taxing and banning cryptocurrency

  February 11, 2022 13:23 IST

  Replying to the general discussion on Union Budget, the minister said, "I am not going to legalize it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input".

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  Govt contained retail inflation at 6.2% despite biggest contraction in economy: Nirmala Sitharaman

  February 11, 2022 11:59 IST

  Replying to a general discussion on the Union Budget in Rajya Sabha, the minister said, the Budget for 2022-23 fiscal year, stands for continuity, brings stability to the economy along with predictability of taxation.

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  US inflation jumped 7.5% in the past year, highest in 40 years

  February 10, 2022 20:43 IST

  The Labour Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.

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  Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

  February 10, 2022 17:10 IST

  Cautioning investors, the governor said such assets have no underlying whatsoever, not even a tulip.

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  RBI projects retail inflation at 4.5% in FY23

  February 10, 2022 12:50 IST

  RBI Governor Shaktikanta Das said the monetary policy committee decided to hold the lending rate, or the repo rate, steady at 4 per cent, and its reverse repo, or the rate at which it absorbs excess cash from lenders - unchanged at 3.35 per cent.

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  RBI keeps repo rate unchanged at 4% for 10th time in a row; FY23 GDP growth pegged at 7.8%

  February 10, 2022 11:54 IST

  This is the tenth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

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  Finance minister Nirmala Sitharaman to address RBI board on February 14

  February 09, 2022 23:43 IST

  The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.

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  Sensex nosedives 1,024 pts; Nifty tests 17,200

  February 07, 2022 18:57 IST

  Benchmark indices started the session weak as investors remained cautious assets ahead of RBI's policy meet. However, the selling pressure deepened in the afternoon trade, they added.

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  RBI postpones Monetary Policy Committee meet over Lata Mangeshkar's demise

  February 06, 2022 23:39 IST

  Lata Mangeshkar, whose voice struck an instant chord of recognition with generations of South Asians and is considered one of India's greats, died in a Mumbai hospital on Sunday due to multiple organ failure.