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  Gold, silver prices touch record levels

  August 06, 2020 19:24 IST

  Gold and silver prices touched record levels in the national capital on Thursday and the yellow metal rose by Rs 225 to Rs 56,590 per 10 grams amid strong rally in the international market, according to HDFC Securities.

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  Wipro announces collaboration with Intel

  August 06, 2020 19:11 IST

  Wipro Limited announced on Thursday it will join forces with intel to enable Wipro's LIVE Workspace, the company's digital workspace solution with theIntel vProplatform.

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  Rupee settles flat at 74.94 against USD after RBI keeps rates on hold

  August 06, 2020 18:10 IST

  The rupee pared initial gains and settled on a flat note at 74.94 against the US dollar on Thursday after the RBI kept interest rates unchanged. At the interbank forex market, the domestic unit opened strong at 74.82 against the greenback, but lost ground during the day and finally settled at 74.94, unchanged from its previous close.

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  Sensex surges 369 points post RBI policy; Nifty tops 11,200

  August 06, 2020 16:11 IST

  Domestic equity benchmark Sensex surged 362 points on Thursday after the RBI left interest rates unchanged but maintained an accommodative stance to boost growth.

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  Inflation likely to be elevated in second quarter: RBI Governor

  August 06, 2020 13:13 IST

  The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year. 

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  RBI leaves repo rate unchanged at 4%

  August 06, 2020 12:41 IST

  Reserve Bank of India has kept the repo rate unchanged at 4 per cent. Governor Shashikanta Das announced this during his press conference.

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  Jeff Bezos sells over $3.1 billion worth Amazon shares

  August 06, 2020 10:28 IST

  Amazon CEO Jeff Bezos has sold over $3.1 billion worth of Amazon shares this week. This has taken his total cashout in 2020 so far to a massive $7.2 billion. In 2019, Bezos had sold $2.8 billion worth of Amazon shares. 

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  Inflation to remain elevated in Q2FY21, says RBI Governor Shaktikanta Das

  August 06, 2020 13:03 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.

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  RBI may go for status quo; announce other measures to boost growth

  August 05, 2020 21:35 IST

  The RBI may refrain from cutting the benchmark lending rate on Thursday but can announce other measures like restructuring of loans amid the urgency to revive the coronavirus-hit economy, experts said.

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  FutureBrand Index 2020: Reliance Industries ranked No 2 globally after Apple

  August 05, 2020 19:31 IST

  FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.

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  SpiceJet, in association with Sonu Sood, operates 2 flights from Moscow and Tashkent

  August 05, 2020 19:22 IST

  SpiceJet said on Wednesday that it operated a repatriation flight each from Moscow in Russia and from Tashkent in Uzbekistan, bringing back a total of 295 Indians.  

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  Global pilots body seeks govt intervention in pay cut at Air India

  August 05, 2020 19:00 IST

  The government-owned Air India is on a cost-cutting drive to deal with the situation arising out of COVID-19 which has impacted the aviation sector most globally.

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  Zenara Pharma receives DCGI approval to manufacture, sell Favipiravir tablets

  August 05, 2020 16:32 IST

  The tablet, which will be sold under the brand name 'Favizen', is being manufactured at Zenar's US FDA approved facility in Hyderabad, a press release from the drug maker said.

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  BMW reports loss of 212 million in Q2, sees rebound in China

  August 05, 2020 16:13 IST

  German automaker BMW lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period. The company saw a rebound in China, its biggest market.

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  Sensex, Nifty pare early gains to end flat; HDFC Bank, RIL tumble

  August 05, 2020 16:12 IST

  After rallying 452 points during the day, the BSE Sensex slipped in the red to end 24.58 points or 0.07 per cent lower at 37,663.33.

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  Collaborating with govt agencies to develop treatment for COVID-19: Cipla

  August 05, 2020 15:33 IST

  Besides scaling up production of medicines that show potency against the virus -- Lopinavir + Ritonavir, Hydroxychloroquine and Azithromycin, the company is also ramping up manufacturing of drugs for chronic ailments such as asthma, COPD, among others, Hamied said.

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  Uber to hire 140 more engineers in India for expanding tech, product teams

  August 05, 2020 15:00 IST

  Uber said on Wednesday it is recruiting 140 more engineers for its tech teams in Bengaluru and Hyderabad to build cutting-edge products in areas such as rider and driver growth, delivery, marketplace, customer service, digital payments, risk and compliance, safety, and finance technology.

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  7th Pay Commission Dearness Allowance: Central government employees expected to get 3% DA hike

  August 05, 2020 14:33 IST

  7th Pay Commission: There is good news expected for Central government employees as Dearness Allowance (DA) hike is expected for them. The Central government employees are expecting the Dearness Allowance (DA) for the January-June 2020 period from July 2021 onwards.

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  HP expands PC manufacturing in India with Chennai facility

  August 05, 2020 14:00 IST

  In a fillip to the 'Make in India' initiative, PC and printer HP Inc on Wednesday said it has started PC manufacturing operations at electronics giant Flex's facility in Sriperumbudur, Tamil Nadu.

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  Gold Price Today: Gold nears Rs 55,000 per 10 gm; experts predict Rs 60,000 level soon

  August 05, 2020 13:17 IST

  Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark. The October contract of gold on the MCX touched an all-time high of Rs 54,910 per 10 gram. It is currently trading at Rs 54,848, higher by Rs 297 or 0.54 per cent from its previous close.

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  ZyCoV-D: Zydus Cadila to begin phase II human trials of COVID-19 vaccine from tomorrow

  August 05, 2020 12:47 IST

  Drug firm Zydus Cadila on Wednesday said the phase I clinical trial of its COVID-19 vaccine candidate, ZyCoV-D, has been completed and it will commence phase II clinical trials from August 6.

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  TikTok vows to fight plagiarism by Facebook, US bullying

  August 05, 2020 10:49 IST

  Facing threats of a US ban and smears by rival Facebook, popular video-sharing app TikTok has been compelled to respond to what observers describe as an effort to rip up the Chinese-owned firm and reap their own commercial, political benefits and monopolize the tech economy.

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  OYO restoring salary cuts for employees in India, South Asia

  August 04, 2020 22:58 IST

  Hospitality firm OYO on Tuesday told its employees that it is restoring the full salaries of staffers in India and South Asia, a company spokesperson said.

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  High taxes creating affordability issue for aspiring car owners: Maruti Suzuki

  August 04, 2020 21:25 IST

  Taxes on cars in India, which are higher than in any other vehicle manufacturing country in the world, have created affordability issue for many aspiring car owners, according to Maruti Suzuki India (MSI) Chairman RC Bhargava.

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  Coca-Cola enters immunity-boosting beverages category

  August 04, 2020 18:28 IST

  Apart from allowing the company's entry into immunity-boosting category, the new products - Minute Maid Nutriforce and Minute Maid Vita Punch - are also in line with its efforts to advance beverage localisation.

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  Sebi bans 4 entities for providing unauthorised investment advisory services

  August 04, 2020 17:52 IST

  Sebi has barred Money Increase, Venture Revenue and two individuals from the capital markets for providing unauthorised investment tips and falsely promising assured returns to investors. 

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  RBI Governor headed MPC begins deliberations on monetary policy

  August 04, 2020 17:31 IST

  The six-member Monetary Policy Committee (MPC) headed by the RBI Governor is scheduled to announce its decision on August 6.

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  Sensex rallies 748 points; RIL, HDFC Bank sparkle

  August 04, 2020 16:08 IST

  The BSE Sensex settled 748.31 points or 2.03 per cent higher at 37,687.91, while the NSE Nifty rallied 203.65 points or 1.87 per cent to 11,095.25.