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  UK economy officially in recession after 20.4% Q2 slump

  August 12, 2020 12:48 IST

  The U.K. economy has officially fallen into a recession after official figures showed it contracting by a record 20.4% in the second quarter as a result of lockdown measures put in place to counter the coronavirus pandemic.  

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  Narayan Murthy's 3-point formula to revive economy

  August 12, 2020 12:31 IST

  Infosys co-founder NR Narayan Murthy has made three big suggestions as a way forward for the economy hit by coronavirus pandemic. Murthy says GDP numbers are really worrisome and has come up with a three-point formula.

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  Sensex falls over 200 points in early trade; Nifty below 11,300

  August 12, 2020 10:20 IST

  In the previous session, the Sensex had settled 224.93 points or 0.59 per cent higher at 38,407.01, while the Nifty jumped 52.35 points or 0.46 per cent to finish at 11,322.50.

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  CBDT unearths Rs 1,000 crore hawala network of Chinese companies in Delhi, Ghaziabad and Gurugram

  August 12, 2020 21:37 IST

  Income-Tax department conducted raids on premises of few Chinese individuals and their India associates for running a money laundering racket worth Rs1,000 crore, the Central Board of Direct Taxes said on Tuesday.

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  How food delivery apps like Zomato worked its way up in the time of corona

  August 11, 2020 18:39 IST

   According to Zomato's Annual report, the pandemic has positively affected the health of the business and accelerated the company's journey towards profitability. 

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  Gold Price Today: Gold declines Rs 1,317; silver also plunges Rs 2,943

  August 11, 2020 17:15 IST

  Gold prices in the national capital declined Rs 1,317 to Rs 54,763 per 10 grams on Tuesday in line with a drop in international prices of the precious metal and a rupee appreciation, according to HDFC Securities. 

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  Air India Express to get $50 mn insurance claim

  August 11, 2020 16:09 IST

  The Air India Express plane that crashed at Kozhikode airport on Friday evening was owned by the airline and was not a leased one, said an airline official.

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  Sensex jumps 225 points; Axis Bank rallies 4 per cent

  August 11, 2020 16:00 IST

  After touching a high of 38,556.27, the BSE Sensex pared some gains to end 224.93 points or 0.59 per cent higher at 38,407.01.

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  Confidence of Indian workforce steadily rising: LinkedIn survey

  August 11, 2020 15:11 IST

  As restrictions in lockdown slowly lift, confidence of the Indian workforce, be it towards finances or individual confidence, is steadily rising, a LinkedIn survey said on Tuesday.

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  Axis Bank raises Rs 10,000 crore via allotment of equity shares to QIBs

  August 11, 2020 11:58 IST

  Last week, Axis Bank had set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000-crore qualified institutional placement (QIP).

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  Sensex jumps over 300 points in early trade; Nifty tops 11,350

  August 11, 2020 10:29 IST

  In the previous session, the Sensex had settled 141.51 points or 0.37 per cent higher at 38,182.08. The NSE Nifty climbed 56.10 points or 0.50 per cent to close at 11,270.15.

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  Apple CEO Tim Cook becomes a billionaire for the first time

  August 11, 2020 10:26 IST

  Apple CEO Tim Cook has for the first time become a billionaire as the Cupertino-based iPhone maker broke all previous records and is now the world's most valued company at over $1.84 trillion.

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  SpiceJet installs on-board Wi-Fi enabled entertainment system

  August 11, 2020 8:57 IST

  Airline major SpiceJet on Monday launched 'SpiceScreen', an in-flight entertainment system which enables delivery of content on to the personal devices of the passengers through Wi-Fi network.

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  Google Pay, PhonePe may offer auto-debit feature to ease online payments through UPI

  August 10, 2020 23:41 IST

  Online payment apps such as Google Pay, PhonePe are working with National Payments Corporation of India (NPCI) to add new features to their ecosystem in order to ease users' payment experience. Here's what all we know.

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  IndiGo to raise up to Rs 4,000 crore through QIP

  August 10, 2020 19:43 IST

  IndiGo's parent company InterGlobe Aviation on Monday said it will raise up to Rs 4,000 crore through a qualified institutional placement (QIP).

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  209 small-medium business sellers became crorepatis in 48 hours in India: Amazon

  August 10, 2020 18:58 IST

  Amazon India on Monday said that over 91,000 small and medium-sized businesses participated in the two-day Prime Day sales which saw 209 SMB sellers becoming crorepatis in 48 hours. 

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  Union Bank slashes MCLR by up to 15 bps

  August 10, 2020 17:28 IST

  State-owned Union Bank of India on Monday announced a cut in its marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across various tenors, effective August 11. 

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  Gold price today: Yellow metal rises by Rs 238, silver jumps Rs 960

  August 10, 2020 16:24 IST

  Gold prices rose by Rs 238 to Rs 56,122 per 10 gram in the national capital on Monday, according to HDFC Securities.

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  AstraZeneca Pharma India Q1 net profit declines 13% at Rs 18.63 crore

  August 10, 2020 16:22 IST

  Drug firm AstraZeneca Pharma India on Monday reported a 13.38 per cent decline in its net profit to Rs 18.63 crore for the quarter ended June. 

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  Sensex rises 142 points; L&T spurts over 4 per cent

  August 10, 2020 16:07 IST

  After rallying 390.12 points during the day, the 30-share BSE benchmark pared some gains to end 141.51 points or 0.37 per cent higher at 38,182.08. The NSE Nifty climbed 56.10 points or 0.50 per cent to close at 11,270.15.

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  Swiggy launches 45-min grocery and essentials delivery service via Instamart in Gurugram

  August 10, 2020 15:58 IST

  The platform is currently testing 'Swiggy Instamart 'to see how it augments the consumer promise of enabling unparalleled convenience by making grocery delivery more instant and delightful

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  Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

  August 10, 2020 15:25 IST

  The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.

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  Bill Gates: Coronavirus could end in many countries by 2022

  August 10, 2020 15:05 IST

  Bill Gates remains optimistic that a coronavirus vaccine will be developed soon and the deadly Covid-19 will end "for the world at large by the end of 2022." Unfortunately, that end is still at least a year away, he told Wired's Steven Levy.

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  Reliance Industries' asset monetisation to boost credit quality: S&P

  August 10, 2020 15:02 IST

  ​S&P Global Ratings on Monday said that Reliance Industries Ltd's sizable proceeds from asset monetisation over the past four months should significantly improve its credit quality.  

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  Patanjali considering bidding for IPL title sponsorship

  August 10, 2020 14:44 IST

  ​Baba Ramdev's Patanjali Ayurved is considering to bid for the title sponsorship of the upcoming Indian Premier League (IPL), according to a company official.

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  Saudi Aramco chasing $15 billion deal with Mukesh Ambani's Reliance: What we know

  August 10, 2020 13:36 IST

  ​Saudi Aramco is still chasing a deal to buy a $15 billion stake in Reliance Industries' refining and chemicals business, according to a Bloomberg report. While Aramco is a major supplier of crude to India, Reliance sells petroleum products, including gasoline, to the kingdom.    

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  Frequent earthquakes prompting people to look for home insurance: Survey

  August 10, 2020 11:55 IST

  According to the online survey, five out of ten respondents in Delhi said that earthquakes have made them anxious to think about buying home insurance.

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  Big news for salaried employees: Govt likely to reduce gratuity payments eligibility

  August 14, 2020 8:32 IST

  The Central government is considering reducing the minimum eligibility condition for gratuity payments to employees. The Centre may reduce the threshold from five years of continuous employment to between one and three years amid growing demand to make the gratuity eligibility criteria shorter.