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  Air India to send certain employees on leave without pay for up to five years

  July 15, 2020 17:15 IST

  Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay (LWP) for up to five years, according to an official order.

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  Sensex, Nifty close flat as market loses steam on fag-end RIL selloff

  July 15, 2020 16:20 IST

  Equity benchmarks Sensex and Nifty surrendered most of the day's gains to end marginally higher on Wednesday following an intense sell-off in heavyweight Reliance Industries at the fag-end of the session.

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  Titan expects businesses to be hit 'very substantially' due to COVID-19

  July 15, 2020 15:34 IST

  Watch and jewellery maker Titan Company is expecting its businesses to be hit "very substantially" in the current financial year due to disruptions caused by COVID-19 pandemic.

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  Google to pick 7.7 per cent stake in Jio for Rs 33,737 crore

  July 15, 2020 15:52 IST

  Google will pick up 7.7 per cent stake in Reliance Industries' technology venture for Rs 33,737 crore, richest Indian Mukesh Ambani said on Wednesday.

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  Reliance Jio announces home-grown 5G solution, Google to Invest Rs 33,737 Cr in Jio for 7.7% Stake

  July 15, 2020 23:18 IST

  Mukesh Ambani rolled out a series of big-bang announcements, including Google’s investment into Jio Platforms unit and development of an affordable smart phone in partnership with the search engine giant.

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  Hetero Healthcare Ltd starts supply of generic Remdesivir

  July 15, 2020 12:53 IST

  Covifor is the first generic brand of Remdesivir, which is meant for treatment of COVID-19 patients that are adults and children, hospitalised with severe symptoms of the disease.

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  ZyCoV-D: Zydus Cadila begins human clinical trials of coronavirus vaccine candidate

  July 15, 2020 11:16 IST

  Drug firm Zydus Cadila on Wednesday announced that it has started human clinical trials of its coronavirus vaccine candidate ZyCoV-D. In the phase of trials, the company will be enrolling over 1,000 subjects across multiple clinical study sites in India, it said in a regulatory filing.

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  Sensex rallies over 400 points in early trade; Nifty tops 10,700

  July 15, 2020 10:12 IST

  Equity benchmark Sensex rallied over 400 points in early trade on Wednesday led by gains in index-heavyweights Infosys, Reliance Industries and TCS amid largely positive trend in global markets. 

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  Reliance's 43rd AGM today:Where to watch Mukesh Ambani’s speech

  July 15, 2020 9:29 IST

  Reliance Industries, India's most valuable company, will hold its first online AGM today and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously.

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  Will PUBG be banned in India? MPs push for ban on app

  July 14, 2020 21:22 IST

  ​After the government banned 59 Chinese apps in India, now the sword of damocles is hanging over apps like PUBG. In a meeting of the Standing Committee for Information Technology, parliamentarians pushed for a ban on apps including PubG. The meeting was headed by senior Congress leader Shashi Tharoor.

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  China's Huawei banned by UK; 5G kit to be removed by 2027

  July 14, 2020 20:48 IST

  Huawei, the Chinese telecommunications giant, will be completely removed from the UK's 5G networks by the end of 2027, the UK government announced on Tuesday. There will be a complete ban on the purchase of any new 5G kit after December 31, 2020.

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  Sebi extends deadline for public comments on social stock exchange report till Aug 15

  July 14, 2020 20:41 IST

  In view of the situation arising due to the COVID-19 pandemic, markets regulator Sebi on Tuesday extended the deadline till August 15 for sending public comments on a report on social stock exchange which allows for direct listing of non-profit organisations.

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  Mukesh Ambani beats Elon Musk and Google founders to become World's 6th richest person

  July 14, 2020 23:43 IST

  India’s richest man Mukesh Ambani's wealth has now surpassed the net worths of Silicon Valley tech titan Elon Musk as well as Alphabet Inc. co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.

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  Flipkart Group raises $1.2 billion from Walmart-led investor group; valued at $24.9 billion

  July 14, 2020 18:06 IST

  ​E-commerce giant Flipkart Group on Tuesday said it has closed a USD 1.2 billion funding led by Walmart, its majority stake owner. In 2018, Walmart Inc invested USD 16 billion for acquiring a 77 percent stake in the group.  

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  SBI says yes to 'work from anywhere' for its employees

  July 14, 2020 23:43 IST

  State Bank of India (SBI), the country’s largest lender will institute work from anywhere policy to facilitate its staff to work from any location. The bank expects to save Rs 1,000 crore from this measure.

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  Sensex plunges 661 points in line with global selloff

  July 14, 2020 16:09 IST

  Equity benchmark Sensex plunged 661 points on Tuesday, dragged by losses in financial stocks amid selloff in global markets. 

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  SBI to go for cost cutting, workforce reskilling: Chairman Rajnish Kumar

  July 14, 2020 15:54 IST

  Speaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."

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  Wipro says no plans to lay off staff at the moment amid COVID-19 pandemic

  July 15, 2020 9:28 IST

  Wipro has no plans to lay off staff at the moment, said Chairman Rishad Premji on Monday asserting that the company has not laid off any employee due to the COVID-19 impact. The Chairman said this while responding to a shareholder at the 74th Annual General Meeting (AGM) which took place virtually.

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  BBQ Nation on D Street: Barbeque Nation Hospitality gets Sebi nod to float IPO

  July 14, 2020 14:54 IST

  The IPO comprises a fresh issue of shares worth Rs 275 crore and an offer-for-sale of up to 98,22,947 equity shares, according to the draft papers filed with the Securities and Exchange Board of India (Sebi).

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  ITR: How to claim tax deduction benefit on health insurance under section 80D

  July 14, 2020 13:28 IST

  Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any future emergencies. Taking health insurance also provides tax benefits as one can get tax deductions while under section 80D.

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  COVID-19 Drug: Biophore Pharma ramps up production of made-in-India Favipiravir, claims validation

  July 14, 2020 13:12 IST

  Biophore has received the DCGI license to manufacture the API in India and has been cleared for export as well. It has also received approval in Turkey in collaboration with a local Turkish partner.

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  WPI inflation falls 1.81 pc in June as against 3.21 pc in May; food prices rise

  July 14, 2020 12:49 IST

  Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May. In fuel and power basket, deflation stood at 13.60 per cent in June, against 19.83 per cent in the previous month.

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  Barbeque Nation Hospitality gets IPO nod, plans to raise Rs 1,200 crore

  July 14, 2020 12:37 IST

  Casual dining chain Barbeque Nation Hospitality has received markets regulator Sebi's approval to raise about Rs 1,000-1,200 crore through an initial public offering.

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  HDFC Bank auto lending probe: HDFC says loan books not affected

  July 14, 2020 10:35 IST

  Earlier on Monday, HDFC Bank spokesperson said, "We would like to state that the executive concerned who was on an extension of service retired on March 31, 2020 in the normal course of his employment.

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  Sensex drops over 300 points in early trade; financial stocks drag

  July 14, 2020 10:17 IST

  In the previous session, the BSE barometer ended 99.36 points, or 0.27 per cent, higher at 36,693.69, and the Nifty closed 34.65 points, or 1.15 per cent, up at 10,802.70.

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  TCS plans to hire 40,000 freshers in India campus amid coronavirus crisis. Check details

  July 13, 2020 20:24 IST

  Tata Consultancy Services (TCS) is planning to hire as many as 40,000 freshers in India campus amid coronavirus crisis which has eaten up into a lot of jobs.

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  Rossari Biotech IPO subscribed 60% on first day of bidding

  July 13, 2020 19:56 IST

  The initial public offer of specialty chemicals manufacturer Rossari Biotech was subscribed 60 per cent on the first day of bidding on Monday. The IPO received bids for 49,30,030 shares against the total issue size of 81,73,530 shares. The initial public offer of specialty chemicals manufacturer Rossari Biotech was subscribed 60 per cent on the first day of bidding on Monday. The IPO received bids for 49,30,030 shares against the total issue size of 81,73,530 shares.  

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  Retail inflation rises by 6.09% in June

  July 13, 2020 18:32 IST

  ​Retail inflation rose by 6.09 percent in June, mainly on account of higher prices of food items, the government data showed on Monday.