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  Vodafone Idea shares jump 14% after TDSAT order

  July 17, 2020 17:56 IST

  Shares of Vodafone Idea on Friday jumped 14 per cent after telecom tribunal TDSAT stayed Trai's interim direction asking the company to withhold its priority plan that promises 4G network on a priority basis to certain premium users.  

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  Sukanya Samriddhi Yojana: How the scheme offers highest tax-free return on your investment

  July 17, 2020 17:47 IST

  Sukanya Samriddhi Yojana (SSY) is the best tax saving option to secure your daughter's future. Parents can even save money for marriages of their two daughters with the help of this scheme. The scheme was started by PM Narendra Modi in the year 2015

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  Gold Price Today: Gold declines by Rs 271 to Rs 49,729/10 gram; silver tumbles Rs 512

  July 17, 2020 17:43 IST

  Gold prices in the national capital fell by Rs 271 to Rs 49,729 per 10 grams on Friday amid a strengthening rupee, according to HDFC Securities.

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  Sensex rallies 548 points; Reliance, HDFC Bank spurt nearly 4 per cent

  July 17, 2020 16:15 IST

  Equity benchmark Sensex rallied 548 points on Friday, buoyed by gains in index-heavyweights Reliance Industries, HDFC twins, ICICI Bank and HUL. 

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  Ramped up local hiring in US 10 years ago, H-1B suspension will have minimal impact: HCL Tech

  July 17, 2020 14:59 IST

  H-1B visa suspension by the US will have "minimal impact" in the short term as we have been ramping up local hiring in the United States for the past 10 years, said HCL Technologies, though terming the move by the US government as unfortunate.

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  COVID-19 pushes up sales of cardiac, anti-diabetic drugs

  July 17, 2020 14:05 IST

  The changes in the medication needs of the masses due to the novel Coronavirus pandemic seems to impacting the operation of pharmaceutical companies with those dealing in respiratory, anti-diabetic, cardiac therapies performing much better than others having anti-infective, gastro, vitamin or pain therapies in their portfolio.

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  Vijay Mallya offers settlement package of nearly Rs 13,960 crore to avoid extradition to India

  July 17, 2020 13:45 IST

  Vijay Mallya has offered a comprehensive settlement package of Rs 13,960 crore to the consortium of banks in India as the fugitive liquor baron seems to have exhausted all his judicial options against his extradition to India.

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  Agriculture holds the key, pandemic an opportunity for India: Economists at World Economic Forum

  July 17, 2020 13:05 IST

  Chief Economists at the World Economic Forum on Thursday talked about the global economic outlook in the time of coronavirus pandemic. The COVID-19 pandemic is predicted to result in the largest contraction in global per capita income since 1870.

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  IndiGo introduces option to book two seats for single passenger. Details inside

  July 17, 2020 12:07 IST

  The low-cost carrier said the "6E double seat" scheme will not be available through travel portals, IndiGo call centre or airport counters.

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  Zydus Cadila gets nod from Mexican authority for clinical trials of COVID-19 therapy

  July 17, 2020 11:02 IST

  Drug firm Zydus Cadila on Friday said it has received approval from Mexico's regulatory authority Cofepris to conduct clinical trials in the Latin American country with its biological therapy "Pegylated Interferon alpha-2b" for treatment of COVID-19.

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  Roshni Nadar Malhotra succeeds Shiv Nadar as HCL Chairman

  July 17, 2020 10:50 IST

  Roshni Nadar Malhotra is the new Chairman of HCL Technologies, the company announced in a regulatory filing on Friday. The 38-year-old succeeds her father Shiv Nadar. In 2019, Roshni was ranked 54th on the Forbes World's 100 Most Powerful Women list.

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  Air India Leave Without Pay Scheme: Cost-cutting has to be done, says Hardeep Singh Puri

  July 16, 2020 20:58 IST

  Equity infusion of Rs 500-600 crore every year is not sustainable and cost-cutting in Air India is necessary, Civil Aviation Minister Hardeep Singh Puri said on Thursday, justifying the national carrier's decision to send certain employees on leave without pay for up to five years.  

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  Pilots' association writes to Air India CMD, protest 60% salary cut

  July 16, 2020 19:51 IST

  The Indian Commercial Pilots' Association on Thursday wrote to Air India CMD Rajiv Bansal and protested a proposal for 60 percent salary cuts.

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  GoAir announces quarantine packages for passengers; prices start at Rs 1,400 per person per night

  July 16, 2020 19:26 IST

  Budget carrier GoAir on Thursday announced the introduction of various 'quarantine packages' offering a range of hotels from budget to high-end ones in select cities to both domestic and international passengers at a starting price of Rs 1,400 per person per night for the quarantine period.  

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  Infosys shares zoom over 9 pc on Q1 earnings; m-cap jumps Rs 33,853 crore

  July 16, 2020 19:14 IST

  Shares of Infosys rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

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  Man buys private island worth Rs 47,366 crore after negotiating deal on WhatsApp

  July 16, 2020 14:44 IST

  An island worth Rs 4,73,66,55,00,000 ($6.3 billion) was purchased by a European man without even visiting the location once. As per reports, a 157-acre island southwest of Ireland was purchased after watching it on a video tour.

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  Tata Power arm bags order to develop 225 MW hybrid renewable project

  July 16, 2020 14:08 IST

  Tata Power on Thursday said its wholly- owned subsidiary TPGEL has bagged an order to develop a 225 mega watt hybrid renewable power project.

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  Indian pharma industry capable of producing COVID-19 vaccines for entire world: Bill Gates

  July 16, 2020 13:59 IST

  Commenting on the strength of India’s pharma industry, he said, “India has a lot of capacity there -- with the drug and vaccine companies that are huge suppliers to the entire world.

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  Leisure Hotels Group announces opening of all hotels & resorts across Uttarakhand, Himachal

  July 16, 2020 13:22 IST

  Leisure Hotels Group (LH), a prominent hospitality chain in Northern India with Twenty-Seven (27) Hotels across Uttarakhand, Himachal Pradesh, Uttar Pradesh, & Goa has announced the re-opening of all its Hotels, Resorts post lockdown.

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  Coronavirus-triggered global recession to put pressure on APAC corporates: Moody's

  July 16, 2020 13:21 IST

  Moody's Investors Service on Thursday said the coronavirus-triggered global recession will continue to put pressure on non-financial companies in Asia-Pacific, and negative credit trends will persist through the rest of 2020.

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  Zydus Cadila gets USFDA nod for manufacturing Doxycycline injection in Vadodara

  July 16, 2020 13:21 IST

  The company said the Jarod facility in Gujarat is an important one for Zydus' US injectable portfolio as five abbreviated new drug application (ANDAs) have been approved from this facility and another six have been filed, awaiting approval.

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  Walmart makes face coverings mandatory in US

  July 16, 2020 11:29 IST

  Retail giant Walmart has made it mandatory for its customers across the US to wear face coverings starting July 20. The mandate on Wednesday came as the number of confirmed COVID-19 cases spiked in communities across the country recently

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  Oil companies hold diesel, petrol prices again

  July 16, 2020 10:49 IST

  A day after diesel Prices increased to extend its gain over petrol in Delhi, oil marketing companies decided to keep the pump prices of the two petroleum products unchanged on Thursday.

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  Another lockdown will hit automakers hard, affect capex plans: CARE Ratings

  July 16, 2020 8:54 IST

  In the eventuality of another spell of a pan-India lockdown, the automobile sector will continue its downwards trajectory, which will seriously affect workforce and OEMs may have to further delay product launches and capex plans, CARE Ratings said in a report.

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  Sanitizers are disinfectants like soaps, dettol; attract 18% GST: Finance Ministry

  July 15, 2020 19:17 IST

  The Union Finance Ministry on Wednesday said that hand sanitizers are disinfectants like soaps, anti-bacterial liquids, dettol, which attract an 18% GST. It said that reducing the GST rate on sanitizers and other items would lead to an inverted duty structure and put domestic manufacturers at a disadvantage.

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  Indian airlines staring at Rs 1.1-1.3 lakh crore revenue loss over 3 years: Crisil

  July 15, 2020 18:03 IST

  Indian airlines are staring at a revenue loss of Rs 1.1-1.3 lakh crore over three financial years, including the current fiscal, due to the coronavirus pandemic which has led to visa and travel restrictions, thereby severely affecting aviation industry across the world, according to a report.

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  Rupee rises by 27 paise to 75.15 amid optimism over COVID-19 vaccine

  July 15, 2020 17:56 IST

  The rupee appreciated by 27 paise to settle at 75.15 against the US dollar on Wednesday on expectations of foreign fund inflows and optimism over development of a COVID-19 vaccine.

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  Infosys Q1 net profit up 12.4 per cent to Rs 4,272 crore

  July 15, 2020 17:49 IST

  The country's second-largest IT services major Infosys on Wednesday reported a 12.4 per cent rise in consolidated net profit to Rs 4,272 crore for June 2020 quarter.