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  Sensex rallies 354 points as banks soar

  August 28, 2020 16:03 IST

  Extending its winning run for the sixth session, BSE benchmark Sensex rallied 354 points on Friday, boosted by gains in bank stocks amid persistent foreign fund inflows. 

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  Milkbasket plans to launch IPO next year

  August 28, 2020 13:15 IST

  ​Daily grocery delivery platform Milkbasket has advanced its plan to launch an initial public offering by the second half of next year, buoyed by strong growth in business in recent months amid the pandemic, a top company executive said.  

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  States to be given two options on meeting compensation gap: Centre after GST council meet

  August 27, 2020 17:27 IST

  Finance Secretary Ajay Bhushan Pandey who attended the 41st GST Council Meet on the agenda of making up for shortfall in states’ revenues amid the pandemic, said that the Attorney General's clear opinion was that compensation gap cannot be met from India's consolidated fund and provided two options.

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  Ola, Uber drivers threaten to go on strike from Sept 1 across Delhi-NCR

  August 27, 2020 14:56 IST

  Around 2 lakh drivers working with cab aggregators will take part in the strike if the government fails to solve our problems, said Kamaljeet Singh Gill, president of Sarvodaya Drivers Association of Delhi.

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  Fuel Price Today: Petrol price up 9-10 paisa, reaches Rs 88.48/litre in Mumbai

  August 27, 2020 14:27 IST

  Petrol price has maintained its rise with the fuel price increasing again after a brief one day pause on Thursday while diesel holding on to its price line that it has maintained since July 30.

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  Buying property in Maharashtra gets cheaper, stamp duty cut by 3 pc. Details here

  August 27, 2020 14:01 IST

  In a big move to revive business in real estate sector, the Uddhav Thackeray-led government in Maharashtra has reduced the stamp duty on sale deed documents by 3 per cent between September 1 and December 31 this year. Start next year, January 2021, the stamp duty would be reduced by 2 per cent.

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  GST shortfall of Rs 2.35 lakh crore in FY21, two options mooted to compensate states, says FM

  August 27, 2020 17:28 IST

  Finance Minister Nirmala Sitharaman, who chaired the 41st GST Council meeting, said the GST shortfall in FY21 was around Rs 2.35 lakh crore. Following a marathon five-hour meeting, Sitharaman said two options of compensating states were discussed.

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  TikTok CEO Kevin Mayer quits amid US pressure to sell Chinese video app

  August 27, 2020 10:55 IST

  Three months after becoming the TikTok Chief Executive Officer (CEO) Kevin Mayer has quit his role amid U.S. pressure for its Chinese owner to sell the popular video app. Mayer decided to quit after Trump threatened to ban TikTok in the US within 90 days if the US operations of the TikTok is not sold to a domestic company.

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  Google not in race to buy TikTok: Sundar Pichai

  August 27, 2020 10:27 IST

  On the latest episode of podcast ‘Pivot Schooled Live', the Recode's Kara Swisher and New York University Professor Scott Galloway asked Pichai whether the company is interested in acquiring TikTok.

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  Jeff Bezos becomes world's first $200 billionaire. Check Top 10 List

  August 27, 2020 11:23 IST

  Amazon founder Jeff Bezos has become the world's first-ever $200 billionaire. Well, you may that the world's richest person is wealthier than he's ever been. His net worth cleared the record $200 billion mark on Wednesday when shares of his online shopping company reached $3,403.64.

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  ICICI Bank to sell up to 2 pc stake in ICICI Securities

  August 27, 2020 8:04 IST

  "The Board of Directors of the bank, at its meeting held today, approved the sale of up to 6,442,000 equity shares of face value Rs 5 each of ICICI Securities Limited (company), representing up to 2 per cent of its issued and paid-up equity share capital, through an open market sale," ICICI Bank said in a regulatory filing. The sale is in accordance with the requirement of minimum public float of the company, the private sector lender said.

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  Paytm in expansion mode, to hire over 1,000 in various roles

  August 26, 2020 22:50 IST

  Setting the stage for a major expansion amid the pandemic, leading digital payments service Paytm on Wednesday said it is in the process of hiring over 1,000 engineers, data scientists, financial analysts among other positions for tech and non-tech roles.

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  Total bank frauds rise more than double to ₹1.85 trillion in FY20: RBI

  August 26, 2020 22:34 IST

  The annual report of Reserve Bank of India showed that the banks frauds of ₹100,000 and above have more than doubled in value to ₹1.85 trillion in FY20, with the number of such cases increasing 28% in the same period.

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  Meet Sanjiv Singh, Former IOC Chairman who joined Reliance as Group President

  August 26, 2020 20:04 IST

  Former Indian Oil Corp (IOC) chairman Sanjiv Singh has joined Reliance Industries Ltd as Group President for billionaire Mukesh Ambani-run firm's oil-to-chemicals business.

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  Gold Price Today: Gold, silver decline tracking weak global trends

  August 26, 2020 16:24 IST

  Gold prices declined Rs 210 to Rs 51,963 per 10 gram in the national capital on Wednesday following a weak trend in the global market and rupee appreciation, according to HDFC Securities.

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  Sensex surges 230 points on fag-end buying; RIL climbs over 2 per cent

  August 26, 2020 16:16 IST

  Rising for the fourth consecutive session, BSE benchmark Sensex surged 230 points on Wednesday following gains in Reliance Industries, Infosys and Kotak Bank amid persistent foreign fund inflows.

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  Telcos lose over 56 lakh mobile users subscribers in May: TRAI

  August 26, 2020 14:52 IST

  The telecom industry lost around 56.11 lakh wireless subscribers in May amid the lockdown, the Telecom Regulatory Authority of India (TRAI) data reveals. The overall telecom subscriber base for wireless connections stood at over 114.39 crore in May, compared to 114.95 crore in April. 

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  Sequoia No. 1 backer of Indian unicorns with 8 bets, Ratan Tata's Co 7th, Tencent at 11th

  August 26, 2020 14:55 IST

  Venture capital fund Sequoia Capital India is the top backer of Indian unicorn startups or firms which have attained a valuation of over USD 1 billion. Japanese investor Softbank and British Steadview Capital are at the second and third place with seven investments each, as per the Hurun India Unicorn Investors List.

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  S&P revises TCS outlook to stable, shares down 1 per cent

  August 26, 2020 13:37 IST

  Shares of Tata Consultancy Services (TCS) on Wednesday declined over 1 per cent after S&P Global Ratings said the company is likely to face slower growth in revenue and profitability over the next 12-18 months, given subdued global IT spending. The stock dipped 1.12 to Rs 2,217.05 on the BSE.

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  Accenture to fire 5 pc of its workforce; 10,000 employees in India to face termination

  August 26, 2020 13:23 IST

  The Australian Financial Review (AFR) reports that Accenture CEO Julie Sweet, in an internal staff meeting streamed online in mid-August revealed that 5% of their global workforce can be asked to leave the company.

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  Schneider Electric launches 'Made In India' anti-bacterial and self-disinfecting switches, sockets

  August 26, 2020 12:24 IST

  Meeting international standards of testing, this antibacterial range of products self-disinfects its surface throughout its lifespan and uses Silver Ion technology which incorporates anti-bacterial additive compounds in the products inhibiting the growth of bacteria and fungi on frequently touched switches and cover frames.

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  Kalyan Jewellers IPO: All you need to know

  August 26, 2020 11:42 IST

  Kerala-based Kalyan Jewellers, a retail jeweller with pan-India presence filed for an initial public offering (IPO) to raise Rs 1,700 crore, the largest IPO by any jewellery retail brand in the domestic bourses.

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  BharatPe appoints Jasneet Kaur as Chief Human Resource Officer

  August 26, 2020 11:14 IST

  Jasneet will steer employee experience, culture and talent initiatives amid rapid growth at a time when BharatPe is looking to diversify its product strategy to boos revenues.

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  Sabarimala temple to tap on massive gold reserve, TDB to approach RBI for gold loans

  August 26, 2020 11:23 IST

  Feeling the heat of the financial crisis arising out the coronavirus pandemic, the Sabarimala Temple in Pathanamthitta district, Kerala is planning to tap on massive gold reserve in its vaults. The Travancore Devasom Board (TDB) is planning to approach the Reserve Bank of India for gold loans.

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  Govt extends deadline for Air India bid by 2 month

  August 25, 2020 20:14 IST

   The process of stake sale in the national carrier was initiated on January 27. This is the fourth extension given by the government for putting in bids.

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  FDC launches 2 variants of Favipiravir in India at Rs 55 per tablet

  August 25, 2020 18:36 IST

  Drug firm FDC Ltd on Tuesday said it has launched two variants of the COVID-19 drug Favipiravir under the brand names PiFLU and Favenza.

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  Flipkart to convert entire fleet to electric vehicles by 2030: All you need to know

  August 25, 2020 17:37 IST

  Moving towards a sustainable future and adopting eco-friendly practices, Flipkart has said it will transform its entire fleet to electric vehicles (EVs) within the decade — by 2030 — joining the non-profit Climate Groups global electric mobility initiative, EV100.

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  Govt open to more tweaks in Rs 3 lakh crore credit guarantee scheme: Sitharaman

  August 25, 2020 17:12 IST

  Finance Minister Nirmala Sitharaman on Tuesday said the government is open to further tweaking the Rs 3 lakh crore credit guarantee scheme for providing collateral-free loans to small businesses.