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  Sensex, Nifty rebound in early trade; bank, IT stocks take charge

  October 16, 2020 10:02 IST

  Equity benchmark BSE Sensex rebounded 320.33 points to trade at 40,048.74 in opening deals on Friday, led by intense buying mainly in banking and IT counters.Equity benchmark BSE Sensex rebounded 320.33 points to trade at 40,048.74 in opening deals on Friday, led by intense buying mainly in banking and IT counters.

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  J&K govt ties up with Flipkart to boost sale of handicraft and handloom products

  October 15, 2020 22:16 IST

  In an important step towards the promotion of rural economy and boost the sale of handicraft and handloom products in Jammu and Kashmir, the union territory government on Thursday signed a pact with online retailer Flipkart for showcasing and facilitating the local artisans and craftsmen to reach customers across the globe.

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  Export of alcohol-based hand sanitizers in containers with dispenser pumps is now free

  October 15, 2020 21:42 IST

  The export of alcohol-based hand sanitizers in containers with dispenser pumps (in any form/packaging freely exportable) is now free, with immediate effect, Ministry of Commerce & Industry informed on Thursday.

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  Govt bans import of air conditioners with refrigerants

  October 15, 2020 21:19 IST

  The government on Thursday banned imports of air conditioners with refrigerants with a view to promote domestic manufacturing and cut imports of non essential items.

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  Sensex crashes 1,066 points amid global selloff; investors lose Rs 3.25 lakh cr

  October 15, 2020 17:28 IST

  Snapping its 10-session winning run, equity benchmark Sensex plunged 1,066.33 points on Thursday as investors pressed the exit button amid a massive selloff in global markets.

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  Apollo hospitals ready to administer 1 mn COVID-19 vaccines per day

  October 15, 2020 17:06 IST

  Leading healthcare provider Apollo Hospitals Group on Thursday said it is prepared to administer 1 million COVID-19 vaccines daily to augment and support the government efforts to fight the pandemic.

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  Gold Price Today: Gold declines Rs 32, silver tumbles Rs 626

  October 15, 2020 16:42 IST

  Gold prices fell Rs 32 to Rs 51,503 per 10 gram in the national capital on Thursday, falling for the third consecutive day amid muted global trends, according to HDFC Securities. 

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  Fitch expects marketing, refining volume of oil firms to fall 15% in FY21

  October 15, 2020 15:01 IST

  With coronavirus lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of state-owned oil firms to fall by more than 15 per cent in the current fiscal year before a gradual recovery in 2021-22.

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  India’s second round of stimulus to provide limited support to growth: Moody's

  October 15, 2020 15:00 IST

  After a long clamour for fiscal stimulus, the government had on October 12 come up with measures with direct fiscal support to people and states and to generate demand.

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  New tourism policy seeks to make Goa free of drugs

  October 15, 2020 11:58 IST

  The Goa Cabinet has approved the new tourism policy which stresses on making the state free of drugs and prohibits tourists from cooking in open areas.

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  Infosys shares erase opening gains; decline 3%

  October 15, 2020 11:49 IST

  ​Shares of Infosys on Thursday erased its opening gains and declined 3 per cent on emergence of profit-booking a day after the company announced its September quarter earnings.  

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  RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale

  October 15, 2020 10:31 IST

  Reliance Industries Ltd (RIL) has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today.   

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  Sensex declines over 200 points in early trade; Nifty tests 11,900

  October 15, 2020 9:59 IST

  Equity benchmark Sensex dropped over 200 points in opening trade on Thursday tracking losses in index majors TCS, ICICI Bank and HDFC Bank amid weak cues from global markets.

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  TCS to recruit 10,000 staff in US by 2022

  October 14, 2020 22:35 IST

  India's largest software services company Tata Consultancy Services (TCS) on Wednesday it has seen a surge in demand for its services and expects to recruit 10,000 individuals in the US by 2022. 

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  Loan moratorium: 'Diwali in your hands', SC wants govt to implement interest waiver scheme

  October 14, 2020 20:25 IST

  Initially, the RBI on March 27 had issued the circular which allowed lending institutions to grant a moratorium on payment of instalments of term loans falling due between March 1, 2020, and May 31,2020, due to the pandemic. Later, the period of the moratorium was extended till August 31 this year.

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  Infosys to roll out salary hikes from Jan 2021; pay special incentive to junior staff

  October 14, 2020 19:25 IST

  India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1. 

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  Infosys Q2 net profit up 20.5 pc at Rs 4,845 cr; raises revenue forecast for FY21

  October 14, 2020 19:10 IST

   Infosys had clocked a net profit of Rs 4,019 crore in the same period last fiscal, Infosys said in a regulatory filing.

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  Gold Price Today: Gold declines Rs 631, silver tumbles Rs 1,681

  October 14, 2020 17:09 IST

  Gold prices declined for the second consecutive day in the national capital on Wednesday, falling Rs 631 to Rs 51,367 per 10 gram amid rupee appreciation, according to HDFC Securities. 

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  World Bank approves $12 billion to finance coronavirus vaccines, care

  October 14, 2020 16:50 IST

  The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.

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  Sensex ends 169 points higher after fag-end rally

  October 14, 2020 16:03 IST

  Rallying for the 10th straight session, equity benchmark Sensex ended 169 points higher on Wednesday, led by gains in financial stocks amid largely positive cues from global markets. 

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  Flipkart bolsters partnerships with banks, NBFCs ahead of festive season

  October 14, 2020 13:47 IST

  Walmart-owned Flipkart on Wednesday said it will offer credit options through 17 banks, NBFCs and fintech players that will drive credit accessibility for customers during the upcoming festive season.

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  Indian economy will recover from coronavirus crisis with right policies: IMF official

  October 14, 2020 14:08 IST

  The International Monetary Fund in its annual World Economic Outlook significantly downgrades India's growth for the fiscal year 2020 to minus 10.3 pe

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  Only standard loan accounts as of March 1 can be recast under pandemic scheme: RBI

  October 14, 2020 12:52 IST

  The Reserve Bank of India (RBI) has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in August.  

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  Wholesale price inflation rises to 1.32% in September, against 0.16% in August

  October 14, 2020 12:50 IST

  ​The Wholesale Price Index (WPI) inflation has risen to 1.32 per cent for September as compared to 0.16 per cent in August, data published by the government showed on Wednesday.

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  Wipro share price falls 7% as Q2 results, buyback plan, acquisition fail to cheer investors

  October 14, 2020 11:52 IST

  ​Shares of IT services major Wipro on Wednesday plunged nearly 7 per cent in early trade on the bourses after the company posted 3.4 per cent decline in consolidated net profit for the September quarter.   

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  Apple loses up to $81 billion in market value as shares tumble 4% post iPhone 12 launch

  October 14, 2020 12:49 IST

  Apple stock fell as much as 4% on Tuesday as the tech giant unveiled its first slate of 5G- phones --- iPhone 12 range, erasing $81 billion worth of market value.

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  India among top 3 choices for future investments: Survey

  October 14, 2020 8:56 IST

  India will emerge as one of the top three choices for overseas investments in the next 2-3 years, a CII-EY FDI survey report showed on Tuesday.

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  Indian economy to contract by 10.3% in 2020; to bounce back with 8.8% growth in 2021: IMF

  October 13, 2020 20:18 IST

  The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday.