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  Domestic gas prices may fall further in October

  August 17, 2020 18:26 IST

  CNG and piped natural gas prices could fall further this festive season, with price of domestically produced gas expected to come down in October by about 20 per cent to less than $2 per million British thermal unit.

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  Apple to Samsung: Over 20 companies to invest big in India as part of manufacturing shift from China

  August 17, 2020 17:51 IST

  Facing a negative global perception amid pandemic, technology companies are mulling options to relocate production, manufacturing units to south Asian nations and what seems to work for India is its incentive-driven scheme that is attracting major players including Samsung, Apple, others.

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  Gold rises by Rs 340, silver jumps Rs 1,306

  August 17, 2020 17:11 IST

  Gold prices rose by Rs 340 to Rs 53,611 per 10 gram in the national capital on Monday, in line with firm international trend, according to HDFC Securities.

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  Taxpayers not required to disclose high-value transactions in ITR

  August 17, 2020 17:49 IST

  Only third parties would report high-value transactions to the I-T department as per the Income Tax Act. Such information would be used to identify people who are not paying up due taxes, and not for examining affairs of honest taxpayers.

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  Sensex, Nifty log 1st gain in four sessions

  August 17, 2020 16:06 IST

  After opening 185 points higher, the BSE Sensex was gripped by early volatility and swung about 386 points during the session.

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  ICICI Securities enables Indian customers to invest in US capital markets

  August 17, 2020 15:25 IST

  The alliance will enable ICICI Securities' more than 4.8 million clients to diversify their investments outside of the Indian market and access multi-asset investment opportunities through Interactive Brokers' trading platform.

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  Madame to launch six new stores as demand picks up in tier II cities

  August 17, 2020 13:18 IST

  Apparel retailer Madame on Monday announced the launch of six new stores seeing an uptick in demand in tier II cities across India, despite disruption caused by the COVID-19 pandemic. 

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  Petrol prices now on the run while diesel remains steady

  August 17, 2020 12:59 IST

  In the national capital, petrol prices rose for the second consecutive day by 16 paise to Rs 80.73 a litre. 

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  SpiceJet to induct its first Airbus A340 cargo aircraft in freighters fleet

  August 17, 2020 12:18 IST

  With the latest induction, SpiceJet will have a dedicated fleet of nine freighter aircraft consisting of five Boeing 737s, three Bombardier Q-400s and one Airbus A340.

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  Mukesh Ambani's RIL in talks to buy Milkbasket, Urban Ladder: Report

  August 17, 2020 12:44 IST

  ​Reliance Industries (RIL) may buy online furniture brand Urban Ladder and milk delivery platform Milkbasket. The company is in talks to acquire both, according to a TOI report.

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  SBI Alert! Insufficient balance? Here's how much bank will charge for failed ATM transaction

  August 17, 2020 11:13 IST

  State Bank of India (SBI), India's largest public sector bank has revised its ATM withdrawal rules with effect from 1 July. According to State Bank of India (SBI) official website i.e. sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. Beyond this, customers are charged on each transaction.

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  Battle of billionaires: Mukesh Ambani's Reliance and Jeff Bezos's Amazon set to clash on e-pharma

  August 17, 2020 9:26 IST

  The next big battle of billionaires Mukesh Ambani and Jeff Bezos is set to be on the e-pharma front. According to a report in the Live Mint, both the companies are looking to diversify into the e-pharma segment.

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  Govt not considering modifications in ITR form: Sources

  August 17, 2020 7:52 IST

  The government is not considering any modifications in the income tax return (ITR) form, sources have said, which would mean the taxpayers will not have to mention their high-value transactions in their ITR form. Any expansion in reporting under the statement of financial transactions (SFT) will mean that such reporting of high-value transactions to the income tax department will be done by financial institutions, the sources said.

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  Government of Singapore increases stake in ICICI Bank

  August 16, 2020 16:57 IST

  The Government of Singapore has increased its stake in ICICI Bank as it took up 11.08 per cent stake in the latest qualified institutional placement (QIP) of the bank's shares with an investment of Rs 1,662.71 crore.

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  Private train operators given freedom to choose halt stations: Railways

  August 16, 2020 16:25 IST

  The private operators also have to provide the time in and time out at the intermediate railway stations, which shall form part of the train operation plan.

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  COVID-19 triggers once in-a-century crisis; economy may contract in FY21: Birla

  August 16, 2020 16:23 IST

  Hindalco Industries Chairman Kumar Mangalam Birla has said COVID-19 and associated lockdowns have triggered a once in-a-century crisis for the society and the economy and the country's GDP may contract in 2020-21.

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  FinMin working on norms for salaries of retired central govt officials re-appointed on contract

  August 16, 2020 14:48 IST

  The finance ministry is working on norms to regulate salary paid to retired central government employees re-appointed on contract and has proposed keeping nomination-based appointments at "bare minimum". 

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  Petrol prices rise across metros after 47-day halt

  August 16, 2020 11:15 IST

  The price hike comes at a time when crude oil prices have been rising and the Brent crude is trading around $45 per barrel.

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  Natural gas prices may be cut to decade low of USD 1.9; dent ONGC revenues

  August 16, 2020 10:54 IST

  Prices of natural gas in India are likely to be cut to USD 1.9-1.94 - the lowest in more than a decade - from October, denting revenues of producers such as ONGC who are already incurring huge losses on gas production.  

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  COVID-19 most disruptive event in modern history: Mukesh Ambani

  August 15, 2020 21:44 IST

  The COVID-19 is the most disruptive event in the modern history and a 'cooperative and collaborative' effort is needed at the global level in the fight against the pandemic, Reliance Industries chairman Mukesh Ambani said during the launch of a book on coronavirus on Saturday.

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  ICICI Bank closes QIP; garners Rs 15,000 cr from share sale

  August 15, 2020 18:04 IST

  The country’s second largest private sector lender ICICI Bank on Saturday said it has completed the allotment of equity shares under its qualified institutional placement (QIP) and raised approximately Rs 15,000 crore to fund its business growth and meet regulatory capital requirement.

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  ICICI Bank closes QIP; garners Rs 15,000 cr from share sale

  August 15, 2020 16:26 IST

  The country’s second largest private sector lender ICICI Bank on Saturday said it has completed the allotment of equity shares under its qualified institutional placement (QIP) and raised approximately Rs 15,000 crore to fund its business growth and meet regulatory capital requirement. 

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  Meeting expenses or managing your money well? Here are 5 simple tips to financial freedom

  August 15, 2020 14:15 IST

  there is a difference in just meeting our expenses and managing money well. Managing money well today helps you secure better financial stability in the future. You don't need to be a financial advisor to do some simple things that can save you in time of crisis and prepare for your future. Youth normally avoid talking about money. Some times just the talk makes them look the other way. It is natural when you are young.

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  Jio-RCom spectrum sharing deal not connected with AGR liability: Sources

  August 15, 2020 13:12 IST

  A Supreme Court bench had on Friday sought to know why Reliance Jio Infocomm Ltd (RJIL) must not pay adjusted gross revenue (AGR) dues of Reliance Communications since it has been using the latter's spectrum since 2016.

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  Tax Reforms: How the middle-class taxpayers can benefit from new system

  August 15, 2020 12:49 IST

  Prime Minister Narendra Modi last Thursday unveiled faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials, signalling a major reform in the income tax system in the country. Here's an expert view on how the new tax reforms will help the middle-class.

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  Big companies turning to us: PM Modi gives call for 'Make in India' to 'Make for World'

  August 15, 2020 12:33 IST

  Prime Minister Narendra Modi on Saturday addressed the nation from Red Fort, as India celebrated its 74th Independence Day today. Speaking on the initiative of 'Make in India', Prime Minister Narendra Modi said, "we have to move forward with mantra of Make in India as well as Make for World."

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  PM Modi pitches for robust, world-class Railways; says silos being broken

  August 15, 2020 8:22 IST

  Addressing the nation from Red Fort on Independence Day, Prime Minister Narendra Modi on Saturday pitched for or robust, world-class Railways. Speaking on the economy of the country, Modi said "we have to remove silos and the entire country has to move towards multi-modal connectivity infrastructure."

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  E-commerce giant Amazon launches pharmacy services: All you need to know

  August 14, 2020 22:45 IST

  Amazon India has launched Amazon Pharmacy, marking its entry into the online medicine segment that has significant traction amid the COVID-19 pandemic. As part of our commitment to fulfilling the needs of customers, we are launching Amazon Pharmacy in Bengaluru, a spokesperson said.