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  Govt extends BPCL bid deadline to September 30

  July 29, 2020 22:09 IST

  The government has for the third time extended the deadline for bidding for privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by two months to September 30.  

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  Punjab National Bank wins UK court battle over unpaid dues

  July 29, 2020 22:06 IST

  Punjab National Bank International Limited (PNBIL) has logged a big win in a UK High Court in its pursuit of around USD 22 million in unpaid loans, setting a precedent for other enforcement cases brought by Indian banks against promoters or guarantors in English courts.

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  AI expected to boost India's annual growth by 1.3 per cent, says Niti paper

  July 29, 2020 21:45 IST

  The government may fund specific research projects in responsible Artificial Intelligence and introduce ethics of AI into the university curriculum as the new-age technology is expected to boost India's annual growth rate by 1.3 per cent by 2035, according to a discussion paper by Niti Aayog.

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  Bharti Airtel Q1 loss widens to Rs 15,933 crore

  July 29, 2020 20:43 IST

  Telecom operator Bharti Airtel on Wednesday reported substantial widening of losses to Rs 15,933 crore for June quarter, mainly on account of provisioning for statutory dues. The loss for the corresponding period last year stood at Rs 2,866 crore.

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  ICICI Lombard likely to acquire Bharti AXA General Insurance in Rs 2,600 crore deal

  July 29, 2020 20:34 IST

  Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent.

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  SEBI extends timeline for Apr-Jun earnings till Sep 15

  July 29, 2020 18:47 IST

  In a relief to listed companies amid the pandemic, the Securities and Exchange Board of India (SEBI) has extended the timeline for submission of financial results for the quarter ended June, till September 15.

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  RIL shares decline by nearly 4 per cent due to profit booking

  July 29, 2020 18:39 IST

  Reliance Industries Limited has been unstoppable in recent weeks as the corporate behemoth has attracted huge investments from world-over. On Wednesday, RIL shares declined by 4 per cent after eight-day rally. 

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  IndiGo posts Rs 2,844 crore quarterly loss

  July 29, 2020 18:20 IST

  InterGlobe Aviation on Wednesday reported a net loss of Rs 2,844.3 crore for the three months ended June as disruptions due to the coronavirus pandemic significantly impacted the airline.

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  All new Creta receives over 55,000 bookings: Hyundai

  July 29, 2020 17:02 IST

  Hyundai Motor India Ltd (HMIL) on Wednesday said it has received over 55,000 bookings for the recently launched all new version of Creta.

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  Sensex tanks 422 points; Reliance slumps 4 per cent

  July 29, 2020 16:05 IST

  Equity benchmark Sensex plunged 422 points on Wednesday as profit-booking emerged in index heavyweights Reliance Industries and HDFC Bank.

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  Maruti Suzuki posts Q1 net loss of Rs 249 crore, first in 15 years

  July 29, 2020 15:05 IST

  Maruti Suzuki India, the country's largest carmaker by market share, on Wednesday reported its first quarterly loss in more than a decade in the June quarter. Maruti reported net loss of Rs 249.4 crore for the April-June period - its first quarterly loss in at least 15 years.

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  Colgate-Palmolive Q1 profit rises 17 per cent to Rs 198 crore

  July 29, 2020 14:50 IST

  FMCG major Colgate-Palmolive India Ltd (CPIL) on Wednesday reported a 17.18 per cent increase in net profit at Rs 198.18 crore for the quarter ended June 30, 2020, helped by lower expenses.

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  Hetero launches generic COVID-19 drug at Rs 59 per table

  July 29, 2020 13:00 IST

  Favivir improves treatment accessibility to a significant amount of COVID-19 patient population, which usually sustains mild to moderate symptoms.

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  Sun Pharma to acquire Canada's Aquinox Pharmaceuticals

  July 29, 2020 12:15 IST

  Sun Pharmaceutical Industries on Wednesday said that a wholly-owned subsidiary of Taro Pharmaceutical Industries Ltd will acquire Aquinox Pharmaceuticals (Canada) Inc for $8.2 million.

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  Economy Revival: Indian Railways posts higher freight load in July than last year

  July 29, 2020 8:49 IST

  Indian Railways - held as the lifeline of the country- for being the principal mode of transportation in the country has brought massive news that raises hopes of a revival of the pandemic-battered economy.

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  Yes Bank net profit declines 60 per cent to Rs 45 crore in Q1

  July 28, 2020 22:48 IST

  Private sector lender Yes Bank on Tuesday reported 60 per cent fall in its standalone net profit to Rs 45.44 crore for the first quarter ended June 30.It had posted a net profit of Rs 113.76 crore in the same period a year ago, and Rs 2,629 crore in the preceding March quarter.

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  Mastercard joins Microsoft to boost digital commerce

  July 28, 2020 22:10 IST

  Mastercard and Microsoft on Tuesday announced a collaboration to accelerate innovation across digital commerce and startup ecosystems.

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  Market regulator Sebi streamlines settlement norms to make process faster

  July 28, 2020 20:48 IST

  In order to save time, Sebi said instead of issuing settlement notice under the regulations, a paragraph will be included in the show cause notice informing the noticee about the option to file a settlement application.

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  Mastercard declares support of Rs 250 crore to small businesses hit by coronavirus: CAIT

  July 28, 2020 19:45 IST

  Global digital payment and technology firm Mastercard has committed Rs 250 crore (USD 33 million) to help reboot Indian SMBs and enable business recovery from the impact of COVID-19 pandemic, industry body CAIT said on Tuesday. 

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  Gold, silver prices fall after 7 days of gain

  July 28, 2020 19:44 IST

  Gold prices in the national capital on Tuesday witnessed a fall after rising for the past seven days and declined Rs 187 to Rs 52,846 per 10 gram, in tandem with weak international trends, according to HDFC Securities.  

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  Tech Mahindra shares jump nearly 4 pc on better-than-expected Q1 earnings

  July 28, 2020 19:33 IST

  Shares of Tech Mahindra jumped nearly 4 per cent on Tuesday after the company reported a 1.35 per cent rise in June quarter net profit, and said it is targeting to emerge stronger by the end of 2020.

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  AirAsia India customers to get support services through WhatsApp

  July 28, 2020 17:06 IST

  AirAsia India customers will now be able get support services through WhatsApp following the budget carrier making available its virtual assistant, AirAsia Virtual Allstar (AVA) on the Facebook-run messaging platform, a release said on Tuesday.

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  5 must read tips before paying your credit card bill

  July 28, 2020 16:29 IST

  Paying late credit card dues can make your CIBIL score bad and can affect your credit score. This is the reason it is extremely vital to keep some important points in mind while paying the credit card bill. Find out the five tips that will help you to maintain your CIBIL score.

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  Flipkart Quick: 90 minutes grocery, phones hyperlocal delivery service begins. Deets inside

  July 28, 2020 14:58 IST

  Flipkart on Tuesday announced the launch of its hyperlocal delivery service 'Flipkart Quick' that will enable customers to receive grocery, fresh vegetables, meat and mobile phones in 90 minutes. 

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  SBI Card, IRCTC launch contactless credit card; Big benefits, rewards for Indian Railways travellers

  July 28, 2020 14:04 IST

  IRCTC-SBI card offers travellers on Indian Railways maximum savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.

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  Most Indians aim to somehow retain jobs to remain confident: LinkedIn

  July 28, 2020 13:27 IST

  Based on the survey responses of 1,303 professionals in India, the LinkedIn 'Workforce Confidence Index' revealed rising optimism towards job security as businesses slowly reopened last month in the country.

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  HDFC chief Deepak Parekh urges RBI to not extend loan moratorium. Know why

  July 28, 2020 10:11 IST

  Earlier in March, the RBI had allowed a three-month moratorium on payment of all term loans due between March 1 and May 31. On May 22, the central bank extended it till August 31, providing relief to borrowers amid the complete lockdown.

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  Movie ticket prices to be slashed by 15 per cent once multiplexes reopen

  July 28, 2020 9:10 IST

  Multiplexes particularly PVR cinemas, INOX Leisure may cut ticket prices once they are reopened amid the pandemic to woo customers seeking to bring back the audience to theatres.