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  Wipro to launch 5G edge services solutions suite in India

  July 23, 2020 14:07 IST

  The 5G edge services solutions suite is designed to significantly enhance Wipro's existing 'BoundaryLess Enterprise - Universal Edge' portfolio. The offering allows communications service providers and mobile tower operators to deploy their applications into dispersed edge devices.

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  ATM transactions at SBI have come down to 30 per cent: Chairman Rajnish Kumar

  July 23, 2020 9:23 IST

  State Bank of India Chairman Rajnish Kumar on Wednesday said banks and financial institutions need to make enough investment in technology upgradation for survival in this era of digital banking. Observing that the country has made rapid strides as far as adoption of digital technology is concerned, Kumar said as a result, India has the maximum number of mobile and internet banking users in the world.

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  Bank employees to get 15 percent annual salary hike. Details here

  July 23, 2020 10:10 IST

  As per the MoU between IBA and the workers and officers unions, the wage revision, which will benefit nearly 10 lakh employees, will be effective from November 1, 2017.

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  Right time to invest in India, PM Modi tells American businesses

  July 22, 2020 22:11 IST

  PM Narendra Modi on Wednesday invested American investors and businesses to invest and function in India. PM Modi was virtually addressing India Ideas Summit, an annual meet of US India Business Council.

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  Google to approach CCI for approval on Rs 33,737-crore deal with Jio Platforms

  July 22, 2020 21:42 IST

  ​Tech giant Google will approach the Competition Commission of India (CCI) to seek approval for its Rs 33,737 crore investment in Jio Platforms for a 7.73 per cent stake, according to sources. 

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  LIC Housing Finance reduces home loan rate to all-time low of 6.90%, pensioners too can avail

  July 22, 2020 21:23 IST

  Mortgage financier LIC Housing Finance Ltd (LICHFL) on Wednesday said it has reduced interest rate to an all-time low of 6.90 per cent for new home loan borrowers having Cibil score of 700 and above. 

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  Mukesh Ambani now world's 5th RICHEST! Here's the Top 10 List, and their net worth

  July 22, 2020 21:01 IST

  ​Billionaire Mukesh Ambani is now the world's fifth-richest man. The Real-Time Billionaires List by Forbes Magazine shows Ambani, the chairman of oil-to-conglomerate Reliance Industries, at the fifth position, just below Facebook's Mark Zuckerberg.

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  Air India slashes employee allowances by upto 50%

  July 22, 2020 20:24 IST

  Reeling under the covid-19 pandemic, national carrier Air India Ltd has initiated a pay cut for its employees, which involves trimming down allowances by 20-50 per cent, according to a circular issued by the airline on Wednesday. 

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  Balaji Telefilms Q4 net loss narrows down to Rs 20 crore

  July 22, 2020 20:22 IST

  Production house Balaji Telefilms Ltd on Wednesday reported narrowing of consolidated loss to Rs 19.84 crore in the fourth quarter ended on March 31, 2020. The company had posted consolidated loss of Rs 27.97 crore in the same quarter of the preceding fiscal, Balaji Telefilms said in a regulatory filing.

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  WhatsApp to work with partners in India to enhance access to financial products

  July 22, 2020 20:13 IST

  WhatsApp will work with partners like banks and financial institutions in India to make it easier for people to access products such as insurance, microcredit and pension, its India Head Abhijit Bose said on Wednesday.

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  Axis Bank shares jump over 7 percent as asset quality improves

  July 22, 2020 17:53 IST

  Shares of Axis Bank on Wednesday jumped over 7 per cent after the lender's asset quality showed improvement in the June 2020 quarter.

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  Google Pay does not need RBI authorisation as not a payment system operator: Google to Delhi HC

  July 22, 2020 17:31 IST

  Google, in an affidavit, has said the PSO authorised by the Reserve Bank of India (RBI) is the National Payment Corporation of India (NPCI) which is the owner and operator of the entire unified payment interface (UPI) network.

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  Silver prices zoom as the precious metal gets huge demand

  July 22, 2020 16:24 IST

  Silver prices: In bullion trade, it's usually gold that takes all the limelight but on Wednesday it was Silver's moment to shine along with gold. The precious metal was in huge demand.

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  Sensex sheds 59 points; Nifty settles below 11,150

  July 22, 2020 16:03 IST

  Snapping its five-session winning run, equity benchmark Sensex dropped 59 points on Wednesday, dragged by losses in Infosys, HUL and HDFC Bank amid weak cues from global markets. 

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  Capital conservation for banks important as moratorium ends on August 31: SBI report

  July 22, 2020 15:03 IST

  State-owned banks need to be recapitalised or given the alternative of capital conservation as one-year suspension under insolvency and bankruptcy code (IBC) provisions will affect the resolution of stressed accounts, says an SBI research report. 

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  Gold prices hit all-time high, crosses Rs 50,000 per 10 gm; Silver above Rs 60,000/kg

  July 22, 2020 11:56 IST

  Gold prices on Wednesday hit a fresh high as economic uncertainty continues in the wake of the rising number of coronavirus cases. Gold futures on the Multi-Commodity Exchange (MCX) on Wednesday touched a new high and neared the Rs 50,000 per 10-gram mark. The August contract on MCX earlier in the day surged to a new high of Rs 49,996 per 10 gram.

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  Facing cash problems? Now avail loan against your existing car in a unique CARS24 offer

  July 22, 2020 11:42 IST

  A new product has come in the market that will offer customers a loan against their existing vehicles. So all your cash problems are addressed while you continue to enjoy the drive in your car.

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  Coronavirus vaccine to cost under Rs 1,000 per shot: Adar Poonawalla

  July 22, 2020 8:25 IST

  Amid speculations of researchers across the globe making great inroads into developing coronavirus vaccines, Serum Institute of India CEO, Adar Poonawalla has disclosed information on how much the vaccine could cost in India. 

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  Govt open to announcing more measures to boost growth, says FM Nirmala Sitharaman

  July 21, 2020 20:32 IST

  Finance Minister Nirmala Sitharaman on Tuesday promised more policy interventions to revive the economy, and emphasised that green shoots are visible and the agriculture sector is driving growth. 

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  Aviation Ministry planning e-gate pass facility at major airports by year-end

  July 21, 2020 20:09 IST

  The government is planning to roll out e-gate pass facility at cargo terminals of major airports by the end of this year, said a senior official of the Civil Aviation Ministry on Tuesday.  

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  59 banned Chinese apps directed by govt to ensure strict compliance or face serious action

  July 21, 2020 20:39 IST

  The government has asked all the 59 Chinese apps, banned in India last month, to ensure strict compliance or face "serious action", official sources told news agency PTI.

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  How companies are promoting rural entrepreneurship towards an Atmanirbhar Bharat

  July 22, 2020 12:16 IST

  The colossal reverse migration of labourers from cities to the villages, widely referred as real ‘Bharat’ has once again highlighted the disproportionate concentration of economic opportunities in the country’s urban areas.

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  Sensex rallies 511 points; Nifty tops 11,150

  July 21, 2020 16:25 IST

  Equity benchmark Sensex rallied 511 points on Tuesday, tracking gains in index majors Reliance Industries, HDFC and ICICI Bank amid a firm trend in global markets on hopes of a COVID-19 vaccine. 

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  Rahul Bajaj to step down as Chairman of Bajaj Finance

  July 21, 2020 16:32 IST

  Business magnate Rahul Bajaj has decided to step down as Chairman of Bajaj Finance. He is currently a Non-Executive Chairman of Bajaj Finance.

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  FabiFlu more economical, effective treatment option for COVID-19: Glenmark

  July 21, 2020 14:47 IST

  Glenmark Pharmaceuticals on Tuesday said its generic version of antiviral drug Favipiravir, FabiFlu, is more economical and effective than other drugs available in the market approved for emergency use for treatment of COVID-19. 

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  SpiceJet acqui-hires airline e-commerce technology company and Ixigo subsidiary Travenues

  July 21, 2020 14:03 IST

  Budget carrier SpiceJet on Tuesday said it has acqui-hired the team and technology of the Bengaluru-based airline e-commerce technology company Travenues, a wholly-owned subsidiary of online travel platform ixigo.

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  Indian businesses resilient despite COVID-19 impact: HSBC report

  July 21, 2020 13:54 IST

  Many Indian businesses have shown high preparedness, made contingency plans for the future and continue to operate as normal despite the significant impact of COVID-19

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  Plea to release Rs 5L to PMC bank depositors during COVID-19; HC seeks Centre, RBI stand

  July 21, 2020 13:25 IST

  The Delhi High Court Tuesday asked the Centre and the RBI to respond to a plea seeking the release of up to Rs 5 lakh to depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd to help them address health issues during the prevalent COVID-19 pandemic.