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  Moody's revises upwards India GDP forecast to -8.9% in 2020

  November 12, 2020 14:25 IST

  Moody's Investors Service on Thursday revised upwards its GDP forecasts for India to (-) 8.9 per cent contraction in the 2020 calendar year, as the economy reflates after a long and strict nationwide lockdown but said the recovery is patchy.

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  Indian economy witnessing strong recovery: Sitharaman

  November 12, 2020 13:45 IST

  The Indian economy is witnessing a strong recovery after a long and strict lockdown, Finance Minister Nirmala Sitharaman on Thursday said.

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  Sitharaman unveils Atmanirbhar 3.0; tax relief for real estate, jobs creation scheme

  November 12, 2020 15:02 IST

  Union Finance Minister Nirmala Sitharaman on Thursday rolled out Atmanirbhar Bharat 3.0 stimulus package to boost economy. The minister announced benefits for new employees hired in EPFO-registered establishments effective October 1, 2020, onward.

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  AirAsia India to start flight service on Goa-Hyderabad route from Nov 18

  November 11, 2020 21:59 IST

  Low-cost airline AirAsia India on Wednesday announced expansion of its network with launch of daily flight services on Goa-Hyderabad route from November 18.

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  Airlines allowed to deploy up to 70% capacity in domestic sector

  November 11, 2020 21:37 IST

  The Centre on Wednesday allowed domestic airlines to deploy up to 70 per cent of their flight capacity from an earlier 60 per cent, with immediate effect.

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  Govt gives 50% subsidy for air transportation of fruits, vegetables from NE, Himalayan states

  November 11, 2020 19:48 IST

  The Centre on Wednesday announced a scheme under which 50 per cent subsidy will be provided for air transportation of 41 notified fruits and vegetables from North East and Himalayan states to any place in the country.

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  Alliance Air to operate Bengaluru-Kozhikode flight from November 11

  November 11, 2020 19:11 IST

  Alliance Air has launched flight services between Kozhikode and Bengaluru as part of strengthening operations in the country. From November 13, Alliance Air would connect Kozhikode with Kalaburagi via Bengaluru by operating six times a week. 

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  CCI clears Google buying 7.7 per cent stake in Jio

  November 11, 2020 19:07 IST

  The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google's proposed purchase of 7.73 per cent stake in Jio Platforms.

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  India among select nations which recognise taxpayers: PM Modi

  November 11, 2020 18:37 IST

  PM Modi on Wednesday inaugurated the state-of-the-art-office cum residential complex of Income Tax appellate Tribunal-ITAT in Cuttack, Odisha. Addressing the event via video conferencing, PM Modi said, "India among select nations which recognise taxpayers' rights and responsibilities; step towards creating trust in tax system."

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  Flipkart opens first grocery centre in Lucknow, Kanpur; to create over 500 direct job opportunities

  November 11, 2020 17:44 IST

  Flipkart has opened its first grocery fulfilment centre in Lucknow on Wednesday. Spread across an area of nearly 50,000 square feet, the facility will support Flipkart's ability to deliver a wide selection of grocery products to consumers in the cities of Lucknow, Kanpur and Allahabad. 

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  Gold Price Today: Gold rises marginally, silver gains Rs 451

  November 11, 2020 16:47 IST

  Gold prices witnessed a muted trend in the national capital on Wednesday, rising marginally by Rs 3 to Rs 50,114 per 10 gram amid choppy global prices, according to HDFC Securities. 

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  Sensex rallies 316 points to finish at fresh peak; Nifty crosses 12,700

  November 11, 2020 16:10 IST

  Rallying for the eighth consecutive session, equity benchmark Sensex surged 316.02 points to close at a fresh lifetime high on Wednesday, tracking largely positive cues from global markets and strong foreign fund inflows.

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  BankBazaar to hire 500 people by March 2021, roll out salary hikes from January

  November 11, 2020 14:43 IST

  BankBazaar.com on Wednesday said FY21 will be a year of growth for the fintech company despite challenges, and it plans to hire over 500 people over the next few months to support business expansion. Apart from the hiring effort, the company is also rolling out salary increments and promotions across all levels effective January 1, 2021.

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  Bengaluru, Hyderabad lead in contract job opportunities: Survey

  November 11, 2020 14:39 IST

  With the COVID-19 pandemic triggering a need for organisations to make structural changes in their talent strategies that boosted contractual job opportunities, a recent survey has found that Bengaluru and Hyderabad are leading in maximum demand from contractors.  

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  Gold prices likely to scale higher towards Rs 65,000/10gm: Religare

  November 11, 2020 14:35 IST

  Amid the economic distress caused by the Covid-19 pandemic, gold has lived up to the expectations while delivering great returns along with safeguarding investors' portfolios, according to a report by Religare Broking.

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  Passenger vehicle wholesale in India up 14 pc in October: SIAM

  November 11, 2020 12:03 IST

  Passenger vehicle wholesale in India increased by 14.19 per cent to 3,10,294 units in October against 2,71,737 units in the same month last year as companies despatched more units to dealers to cater to enhanced demand in the festive season, auto industry body SIAM said on Wednesday.

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  LTC Cash Voucher Plan: Can govt employees submit bills in family member's name? Centre clarifies

  November 11, 2020 11:43 IST

  The government on October 12 announced the LTC cash voucher scheme under which employees can purchase any goods or services with a GST rate of 12 per cent or above to avail the benefit.

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  Link all bank accounts of customers with Aadhaar by March 2021, FM Sitharaman asks lenders

  November 11, 2020 11:08 IST

  The financial inclusion story is not over and banks still have inclusion to carry forward. There are many accounts which are not linked with Aadhaar.

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  Sensex rallies over 350 points to hit record high; Nifty tops 12,700

  November 11, 2020 10:34 IST

  Equity benchmark Sensex rallied over 350 points to hit its record intra-day level on Wednesday, tracking largely positive cues from global markets and strong foreign fund inflow.

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  Bata India reports Q2 net loss of Rs 44 cr

  November 11, 2020 9:24 IST

  Bata India on Tuesday reported a consolidated net loss of Rs 44.31 crore during the July-September quarter. During the same period last fiscal, the company had reported a net profit of Rs 71.30 crore.

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  Gold Price Today: Gold declines Rs 662, silver tumbles Rs 1,431

  November 10, 2020 17:35 IST

  Gold prices fell Rs 662 to Rs 50,338 per 10 gram in the national capital on Tuesday, according to HDFC Securities. 

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  Sensex hits 43,000-mark for first time; Nifty tops 12,600

  November 10, 2020 16:26 IST

  Extending its winning streak for the seventh straight session, equity benchmark Sensex soared 680 points to scale another lifetime high on Tuesday, tracking a global market rally driven by Pfizer's COVID-19 vaccine trials data.

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  Sensex records new high, jumps over 43,000 points; Nifty over 12,600

  November 10, 2020 13:59 IST

  Sensex crossed 43,000 points benchmark for the first time ever in the afternoon trade on Tuesday, as its gained more than 500 points.

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  High gold prices increased demand for gold loans amid pandemic: WGC Report

  November 10, 2020 12:10 IST

  Incessant surge in gold prices led to higher demand for gold loans amid the pandemic and increased the asset under management of major gold loan NBFCs, according to a report by World Gold Council (WGC).

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  Market opens at record high; Sensex rallies over 350 points

  November 10, 2020 10:23 IST

  Equity benchmark Sensex opened over 350 points higher to hit its record intra-day level on Tuesday, tracking a global market rally driven by Pfizer's progress in the development of COVID-19 vaccine amid persistent foreign fund inflow.

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  Google comes under CCI lens again; regulator orders probe into payments system, Google Pay

  November 09, 2020 21:44 IST

  The Competition Commission of India (CCI) on Monday ordered a detailed probe against internet giant Google for alleged unfair business practices with respect to Google Pay as well as Google Play's payment system. 

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  Chhattisgarh announces incentives under new industrial policy | What we know

  November 09, 2020 19:16 IST

  Chhattisgarh has notified 21 important amendments in its new Industrial Policy 2019-24, offering small and medium industries the options of capital subsidy in cash or GST benefits. Till date, only micro industries were eligible for cash grant.

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  SAIL introduces 'shorter working period scheme' for employees to facilitate better work-life balance

  November 09, 2020 19:10 IST

  The country's largest steel maker, Steel Authority of India Ltd (SAIL) has introduced 'Shorter Working Period Scheme' for facilitating its employees to attain a better work-life balance.