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  Govt refutes speculation over LIC IPO's delay, says it is 'on course'

  December 20, 2021 11:50 IST

  The government is banking on the listing of LIC IPO and BPCL strategic sales for meeting its disinvestment.

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  Sensex nosedives over 1500 points in early trade; Nifty tanks below 16,600 on Omicron fears

  December 20, 2021 12:33 IST

  The 30-share index slumped 1,028.61 points or 1.80 per cent to 55,983.13 in the opening trade. Similarly, the Nifty tanked 307.50 points or 1.81 per cent to 16,677.70.

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  LIC IPO unlikely to take place this fiscal due to delay in valuation

  December 19, 2021 14:57 IST

  There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said. 

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  NOIDA failed in main objective of industrialisation: CAG report

  December 17, 2021 23:29 IST

  The stinging remarks were made in the performance audit report of the Comptroller and Auditor General (CAG) of India on "Land Acquisition and Allotment of Properties in NOIDA", tabled in the Uttar Pradesh Assembly on Friday.  

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  CCI imposes Rs 200 Cr penalty on Amazon; suspends 2019 deal with Future

  December 17, 2021 19:12 IST

  According to the regulator, certain contraventions by Amazon arise from a "deliberate design on the part of Amazon to suppress the actual scope and purpose of the combination and the Commission finds no mitigating factor".

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  Bank strike enters day 2; services hit across country

  December 17, 2021 14:24 IST

  The strike is against the government's decision to privatise public sector banks which have been playing a vital role in nation building, (AIBEA) general secretary C H Venkatachalam said.

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  Nirmala Sitharaman to hold pre-budget consultations with representatives from service, trade sector

  December 17, 2021 8:42 IST

  FM Sitharaman will hold consultations with representatives of services and trade sector and with experts from industry, infrastructure and climate change.

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  Value of Afghanistan's currency climbs against dollar

  December 16, 2021 23:34 IST

  Officials of Sara-i-Shahzada, the largest money changers market in Afghanistan, were quoted by the government-run Bakhtar News Agency as saying that the value of $1 has dropped from 130 afghani to 102 afghani following a joint meeting of government officials and money changers with Da Afghanistan Bank (DAB), the country's central bank on Wednesday, Xinhua reported.

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  Sensex snaps 4-session slide amid firm global cues; IT stocks shine

  December 16, 2021 17:59 IST

  Meanwhile, international oil benchmark Brent crude firmed up 0.97 percent to USD 74.60 per barrel. The rupee recovered 23 paise to close at 76.09 against the US dollar on Thursday.

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  LIC warns of legal action over misuse of its logo on social media

  December 16, 2021 17:23 IST

  In its caution notice, LIC has also asked the public not to fall prey to proposals of such entities which are misusing its logo on social media platforms like Twitter, Facebook, Instagram and YouTube and other social media.

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  Govt cuts GST rate to 5% from 18% on THIS product

  December 17, 2021 0:16 IST

  The Central government on Thursday lowered GST rate to 5 per cent from 18 on ethanol meant for blending under the Ethanol Blended Petrol (EBP) programme.

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  Govt unlikely to bring bill on cryptocurrency in Winter Session of Parliament

  December 16, 2021 15:20 IST

  Currently, there is no regulation or any ban on the use of cryptocurrencies in India. 

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  HAL signs Rs 2400 crore contract with BEL, the biggest order ever placed on Indian company

  December 16, 2021 14:14 IST

  The order for the supply of these systems for 83 Tejas Mk1A fighter fleet will be executed by two Divisions of Bharat Electronics Limited at Bengaluru and Panchkula (Haryana). All the contracted items will be delivered by BEL to HAL in a ready-to-board condition. 

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  Bank strike today: PSU bank employees go on two-day strike; services hit at many places

  December 16, 2021 11:16 IST

  Many branches across different parts of the country were shut as the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) had given two-day strike call.

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  Many Japanese investment projects delayed in India: Japan's minister

  December 16, 2021 8:56 IST

  Japan's Vice Minister for International Affairs, Ministry of Economy, Trade and Industry, Hirose Naoshi at the CII Partnership Summit said that India needs to maintain openness to the international market to attract foreign direct investments and provide an attractive business environment.

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  RBI imposes penalty on PNB, ICICI Bank | Here's why

  December 15, 2021 21:33 IST

  In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.

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  Govt exploring public financing at 6 per cent annual interest rate for road infra projects: Gadkari

  December 15, 2021 18:34 IST

  After the Modi government came to power, he said the government reviewed 406 stalled road projects worth Rs 3.85 lakh crore and restarted them. The restarting of these projects saved banks from the non-performing asset (NPA) of about Rs 3 lakh crore.

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  Modi cabinet clears Rs 1,300 crore incentive scheme to promote digital payments

  December 15, 2021 17:26 IST

  The minister said that the government will reimburse transaction charges levied on digital payments made by persons to the merchant as part of the merchant discount rate (MDR).

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  Beware! 600 fake money lending apps operating in India, says RBI report

  December 14, 2021 14:02 IST

  The report underlined that there are about 1,100 loans apps currently working that can searched through key words like loan, instant loan, quick loan, etc on the internet.

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  Sensex slumps over 350 points in early trade; Nifty drops below 17,300

  December 14, 2021 11:07 IST

  The 30-share index slumped 356.6 points or 0.61 per cent to 57,926.82 in the opening trade. Similarly, the Nifty fell 98.35 points or 0.57 per cent to 17,269.90.

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  Gujarat reduces VAT on Aviation Turbine Fuel by 5 per cent

  December 13, 2021 23:58 IST

  The VAT reduction on ATF is likely to translate into airlines slashing airfares, thereby encouraging tourists to visit Gujarat in more numbers.

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  Retail inflation rises to 4.91% in November

  December 13, 2021 19:57 IST

  The data furnished by the National Statistical Office showed that Consumer Price Index (CPI) inched-up to 4.91 per cent last month from 4.48 per cent in October 2021.  

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  Gold Price Today: Gold rises by Rs 62; silver jumps by Rs 195

  December 13, 2021 16:45 IST

  In the previous trade, the precious metal settled at Rs 47,200 per 10 gram. Silver prices also rose by Rs 195 to Rs 60,122 per kg from Rs 59,927 per kg in the previous trade.

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  Sensex tanks 503 points; Nifty drops below 17,400

  December 13, 2021 16:24 IST

  The 30-share index slumped 503.25 points or 0.86 per cent to settle at 58,283.42. Similarly, the NSE Nifty fell 143.05 points or 0.82 per cent to 17,368.25.

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  Sensex jumps over 350 points in early trade; Nifty tops 17,600

  December 13, 2021 10:56 IST

  The 30-share index surged 375.30 points or 0.64 per cent to 59,161.97 in opening trade. Similarly, the Nifty rose 94.75 points or 0.54 per cent to 17,606.05.

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  Govt unlikely to announce capital infusion for PSU banks in Union Budget 2022

  December 12, 2021 11:40 IST

  Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on February 1.

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  Centre enhanced financing system in last 7 years to benefit poor, says PM Modi

  December 12, 2021 13:30 IST

  Speaking at the 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 lakh' programme, the Prime Minister said that the BJP-led Central government has enhanced financing system and has introduced various reforms in the last 7 years to benefit the poor and middle-class individuals.  

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  PM Modi calls for global norms for emerging technologies like social media and cryptocurrencies

  December 10, 2021 20:42 IST

  This is for the second time in the last three weeks that Modi called for working together on the need to regulate cryptocurrencies. In his virtual address at the Sydney Dialogue on November 18, Modi urged democratic nations to work together to ensure that the cryptocurrency does not end up in the wrong hands.