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  Truepower Earthings: Recognition for quality excellence

  September 09, 2020 7:44 IST

  Hari Om Tiwari, Managing Director, True Power Earthing Pvt Ltd, talks about the importance of earthing in India, key growth drivers and the future growth plans.

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  'Hope is not a strategy' India needs more banks to double credit-to-GDP ratio to 100%: RBI member

  September 08, 2020 22:50 IST

  RBI board member Manish Sabharwal, who is the chairman of Teamlease Services, also said the country needs immediate reforms in banking, compliance, labour laws and education because "hope is not a strategy".

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  Govt plans to sell 15-20 per cent stake in IRCTC via OFS

  September 08, 2020 21:31 IST

  The government plans to sell about 15-20 per cent stake in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS), and would like to complete the transaction in a minimum number of tranches.

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  India Ratings revises FY21 GDP growth to -11.8%, lowest in Indian history; sees recovery by FY22

  September 08, 2020 18:14 IST

  Domestic rating agency India Ratings and Research on Tuesday revised downward the country's FY21 GDP growth forecast to (-) 11.8 per cent, lowest in Indian history. The agency, however, expects the economy to grow at 9.9 per cent in FY22 helped mainly by the weak base of FY21.

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  Gold Price Today: Gold rises Rs 122; silver gains Rs 340

  September 08, 2020 16:26 IST

  Gold Price Today: Gold prices rose Rs 122 to Rs 51,989 per 10 grams in the national capital on Tuesday supported by rupee depreciation, according to HDFC Securities.

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  Sensex pares intra-day gains to end 52 points lower; Nifty slips below 11,350

  September 08, 2020 16:04 IST

  Domestic equity benchmark Sensex pared all intra-day gains to end 52 points lower on Tuesday, tracking losses in Bharti Airtel, Axis Bank and HDFC amid weak global cues.

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  Railways generated over 8 lakh man-days of work in six states under Garib Kalyan Rojgar Abhiyaan

  September 08, 2020 15:53 IST

  The Railways has generated more than 8 lakh man-days of work in six states, including Bihar and Rajasthan, under a rural public works scheme launched in June this year to tackle the impact of COVID-19 on migrant workers, the ministry said Tuesday.

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  Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

  September 08, 2020 14:55 IST

  The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months.

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  Silver Lake invests $500 million in Byju’s; edtech's valuation now at $10.8 billion

  September 08, 2020 13:36 IST

  Ed-tech major Byju’s has raised fresh funding from Silver Lake and existing investors, Tiger Global, General Atlantic and Owl Ventures. While the company did not disclose financial details, sources said Byju’s has raised $500 million (about ₹3,672 crore) in the new round that valued it at $10.8 billion.

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  Fitch projects Indian economy to contract 10.5 per cent this fiscal

  September 08, 2020 10:57 IST

  Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India''s economy in the current financial year. India recorded one of the sharpest gross domestic product (GDP) contractions in the world in April-June.

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  SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12,000 cr

  September 08, 2020 8:08 IST

  The State Bank of India (SBI) has invoked the personal guarantees of Sanjay Singal, former promoter of Bhushan Power & Steel Ltd (BPSL), and has sent him a demand notice for recovery of Rs 12,275.91 crore.

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  Entire shortfall of compensation to states will be compensated: Sources

  September 08, 2020 0:05 IST

  Days after government announced 2 options for States on the issue of meeting GST compensation, Finance Ministry sources on Monday said the entire shortfall of compensation to the states irrespective of whether it is on account of GST implementation or coronavirus pandemic will be compensated.

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  Ex-ICICI Bank MD and CEO Chanda Kochhar's husband arrested in ICICI Bank-Videocon case

  September 07, 2020 23:31 IST

  The Enforcement Directorate (ED) has arrested Deepak Kochar, husband of former ICICI Bank MD and CEO Chanda Kochhar in connection with ICICI Bank-Videocon case, Enforcement Directorate (ED) officials have informed.

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  Gold Price Today: Gold rises Rs 258, silver gains Rs 837

  September 07, 2020 16:32 IST

  Gold prices on Monday rose Rs 258 to Rs 51,877 per 10 grams in the national capital supported by rupee depreciation, according to HDFC Securities.

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  Sensex ends 60 points higher, Nifty above 11,350

  September 07, 2020 16:03 IST

  Domestic equity benchmark Sensex ended 60 points higher after a volatile session on Monday amid mixed cues from global markets. 

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  RBI announces OMO for sale, purchase of govt securities of Rs 10,000 crore

  September 07, 2020 15:58 IST

  The Reserve Bank of India (RBI) on Monday announced that it will conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore each on September 10, the central bank said.

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  Fall in GDP alarming; time for bureaucracy to take meaningful action: Raghuram Rajan

  September 07, 2020 14:06 IST

  Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action.

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  RIL to now focus on monetization with 'commerce layer'

  September 07, 2020 14:01 IST

  According to a research report by BofA Securities, in the last 4 years, with Jio, RIL has been able to build a "digital layer" on top of the existing "physical layer" of retail shops across electronics, grocery and apparels.

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  Vodafone Idea rebrands as Vi; 'Reflection of both brands,' says Kumar Mangalam Birla

  September 07, 2020 13:47 IST

  Vodafone Idea launched “Vi”, a new unified brand identity in India which will bet big on digital to attract customers and stem exits to rivals Bharti Airtel and Reliance Jio. Vodafone Idea, now VI, is renewing its focus after the AGR verdict a few days ago.

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  Diesel price extends its gap with petrol, falls again

  September 07, 2020 13:23 IST

  ​Diesel price has extended its gap with petrol across the country with oil marketing companies cutting its retail price again while keeping petrol price steady.  

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  Happiest Minds IPO: Listing, lot size, analysts ratings. Key things to know before you invest

  September 07, 2020 11:04 IST

  Happiest Minds IPO: Happiest Minds Technologies Ltd, the digital IT and product engineering service provider opens its Rs 702-crore maiden initial public offering (IPO) for a subscription today i.e (September 7). The price band of the offer has been fixed at Rs 165-Rs 166 per equity share.

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  TCS, HCL, Infosys among top 3 IT majors with maximum employees availing EPF advances

  September 07, 2020 10:59 IST

  Data shared by the Employees' Provident Fund Organisation (EPFO) has shown employees working with major IT companies have availed the maximum EPF advances. Following the coronavirus pandemic, EPFO offered members the opportunity to avail advance not exceeding three months’ basic wages and dearness allowances or up to 75% of the amount standing to the credit of their respective accounts. 

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  Potato prices in Bengal skyrocket, traders blame it on export

  September 07, 2020 8:38 IST

  Potato prices in West Bengal are currently ruling high at Rs 32-33 a kg as 15-20 per cent of daily supply of the commodity is being exported to neighbouring states.

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  Why TikTok sale may run into hurdles

  September 07, 2020 8:45 IST

  Technology transfer curbs and the rise of rival platforms could pose as major roadblocks in the way of TikTok India's acquisition, the Mint quoted two industry experts as saying.

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  Flight tickets booked between March 25 and May 3 will be 'fully refunded': DGCA to SC

  September 06, 2020 20:08 IST

  Directorate General of Civil Aviation (DGCA) told Supreme Court on Sunday that passengers, who booked flight tickets in domestic and international carriers for air travel between March 25 to May 3, 2020, which was the first two phases of lockdown, will be "fully refunded."

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  SBI launches VRS scheme for its bank employees. Check eligibility, benefits

  September 07, 2020 9:00 IST

  SBI VRS scheme 2020: In a bid to optimise its costs, India’s largest bank, State Bank of India (SBI) has launched a voluntary retirement scheme (VRS) under which about 30,190 employees are eligible.

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  Airtel launches new broadband plans offering unlimited data: Plans, prices and more

  September 06, 2020 17:06 IST

  Telecom operator Bharti Airtel on Sunday launched 'unlimited' category broadband plans starting at Rs 499 per month which will come bundled with subscription to video entertainment apps and high definition set-top box (STB) against refundable deposit. 

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  Tata Steel production back at 100% capacity, says company CEO Narendran

  September 06, 2020 16:37 IST

  Tata Steel's production level has now recovered to 100 per cent as the company sees a revival in domestic demand in the current quarter led by a good monsoon and rural economy, its CEO and Managing Director T V Narendran has said.