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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.

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  PAN-Aadhaar card linking: Here's how you can link them online, via SMS

  August 14, 2020 21:37 IST

  PAN-Aadhaar card linking: Around 18 crore permanent account numbers (PANs) cards are not linked to Aadhaar card, suggested a report by the government. 

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  Forex reserves climb USD 3.623 billion to record USD 538.191 billion

  August 14, 2020 19:39 IST

  The country's foreign exchange reserves swelled by USD 3.623 billion to a record high of USD 538.191 billion in the week ended August 7, RBI data showed on Friday.

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  Sebi penalises SBI, LIC, Bank of Baroda for violating mutual fund norms

  August 14, 2020 19:32 IST

  Sebi observed that State Bank of India (SBI), Life Insurance Corporation of India (LIC) and Bank of Baroda (BoB) are the sponsors of SBI Mutual Fund, LIC Mutual Fund and Baroda Mutual Fund, respectively, and they also hold more than 10 per cent stake each in these mutual funds.

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  This is what Anand Mahindra watches every year before Independence Day to boost his josh

  August 14, 2020 18:10 IST

  Mahindra Group chairman Anand Mahindra ahead of India's 74th Independence Day has shared a video that inspires him and pumps up his josh (morale or passion) as he watches it every year before Independence Day.

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  RBI Board approves transfer of Rs 57,128 crore as surplus to govt

  August 14, 2020 17:27 IST

  The decision was taken at the 584th meeting of the Central Board of the Reserve Bank of India chaired by Governor Shaktikanta Das.

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  GoAir appoints Kaushik Khona as new CEO, to replace Vinay Dube

  August 14, 2020 17:13 IST

  GoAir on Friday announced its new CEO, Kaushik Khona, who will succeed Vinay Dube. It will be for the second time when Khona will take responsibility for the airline's top job.

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  Gold rate today: Yellow metal price drops, lower than last week’s average

  August 14, 2020 16:49 IST

  On the Multi Commodity Exchange, gold for October delivery fell by Rs 452, or 0.85 per cent, to Rs 52,478 per 10 gram in a business turnover of 15,577 lots.

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  Gold prices are headed for new highs; What an investor should do?

  August 14, 2020 17:26 IST

  The yellow metal-gold stirred new highs by breaking all records of its past amid coronavirus. Even when the world is struggling for better economy and rising cases of COVID-19, gold has proved itself to be a safe-haven. Some tips for investors.

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  Sensex tanks 433 points; Nifty gives up 11,200 level

  August 14, 2020 16:07 IST

  Domestic equity benchmark Sensex plunged 433 points on Friday, tracking heavy losses in banking, consumption and auto stocks amid a selloff in global markets. 

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  WPI inflation falls 0.58 per cent in July, food prices spike

  August 14, 2020 14:24 IST

  The wholesale price-based inflation declined 0.58 per cent in July, even as food items turned costlier. WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively.

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  Coronavirus Vaccine: Hyderabad-based Aurobindo Pharma expects phase-I, II trials by end of 2020

  August 14, 2020 13:26 IST

  Aurobindo Pharma has said it is expecting its proposed vaccine candidate for COVID-19 to undergo Phase I and II trials by the end of 2020, while Phase III may be undertaken during March-April next year. Managing Director of Aurobindo Pharma, Narayanan Govindarajan in the recently held earnings call with analysts said the city-based pharma major has earmarked USD 150-200 million towards capex during the current fiscal. The COVID-19 vaccine candidate underwent an evaluation by BIRAC (Biotechnology Industry Research Assistance Council, Department of BioTechnology) and was shortlisted for funding initial development.

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  Surplus money in your savings account? Here’s why you should look at FD option

  August 14, 2020 10:24 IST

  Many of us keep our money in the savings account we have. For service sector employees its mostly their salary account with the operating bank. Most of us who don’t know much about investment and go for saving their hard-earned money in Savings Bank Account or Fixed Deposit in Banks/NBFCs.

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  iPhone maker Foxconn says China's days as world's factory are over

  August 13, 2020 19:31 IST

  iPhone maker Foxconn's CEO Young Liu has said China's days as world's factory are over, amid trade tension between Beijing-Washington that is pushing technology giants to move away and look out to other possibilities may be in the southeast Asia for their manufacturing line-up.

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  Achieved lot in last 26 years, but best of HDFC Bank yet to come, says Aditya Puri

  August 13, 2020 18:24 IST

  A lot has been achieved in the 26-year old journey of HDFC Bank but the "best is yet to come", the lender's outgoing Managing Director Aditya Puri said. Puri expressed satisfaction that he was passing on the baton to Sashidhar Jagdishan, who is the "worthiest person" to lead the bank.

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  What is faceless appeal, faceless assessment as part of BIG Ticket tax reforms: All you need to know

  August 13, 2020 17:37 IST

  Prime Minister Narendra Modi has launched the 'transparent taxation' platform having components — faceless appeals by taxpayers, faceless assessment of taxpayers and the Rights' Charter for the taxpayers. An in-depth look into what these tax reforms mean.

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  Hyundai rolls out membership programme for new car buyers; tied up with new 21 brands

  August 13, 2020 17:05 IST

  Hyundai Motor India Ltd (HMIL) on Thursday launched a membership programme for its new car buyers across the country. As part of the initiative, the company has tied up with 21 brands across lifestyle, travel, education, car accessories, among others to offer various benefits to its new car buyers.

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  HSBC plans to sell its iconic building at Horniman Circle in South Mumbai

  August 13, 2020 17:02 IST

  Hong Kong and Shanghai Banking Corporation (HSBC) has put the iconic building at Mumbai's Horniman Circle for sale. Horniman Circle in Mumbai is an area that features majestic British-built building that are still in fine condition and are used by corporations for businesses.

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  5G to herald data-drive intelligent fintech revolution: Huawei

  August 13, 2020 13:51 IST

  The proliferation of 5G applications will provide abundance of data with various dimensions, requiring more detailed and accurate enterprise credit assessment and anti-fraud analysis in the fintech industry, a top Huawei executive said on Thursday.

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  Deposit Rs 50L environment damage compensation with DPCC: HC to DDA

  August 13, 2020 13:45 IST

  The Delhi High Court has directed land owning agency, DDA, to deposit with pollution control body, DPCC, the environment damage compensation of Rs 50 lakh imposed on it for alleged water contamination of storm water drains on the Samalkha-Dwarka Road here.

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  Maruti to quit Gurugram plant; Sonipat, Manesar among other options for new facility

  August 13, 2020 13:48 IST

  Maruti, the country's largest car manufacturer, has decided to shift out from its Gurugram plant in Haryana, according to a TOI report. However, it plans to carry out activities via an alternative plant in Haryana itself.