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  IRFC IPO likely by December-end, to fetch about Rs 500-1,000 cr

  July 13, 2020 17:21 IST

  The government is looking at launching initial public offering (IPO) of Indian Railway Finance Corp Ltd (IRFC) by the end of the year.

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  NBFI recovery unlikely in near-term: Fitch Ratings

  July 13, 2020 16:26 IST

  Fitch Ratings on Monday said recovery of non-banking financial institutions (NBFIs) in near-term is not probable as the sector continues to wrestle with the fallout from the COVID-19 pandemic. 

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  Sensex rises 99 points; RIL hits record high

  July 13, 2020 16:10 IST

  Equity benchmark Sensex ended 99 points higher on Monday, led by gains in index-heavyweight Reliance Industries, amid positive global cues. 

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  Every evening we were drawn to Doordarshan's Sare Jahan Se Accha: Sundar Pichai recalls

  July 13, 2020 15:11 IST

  "One of the challenges of this moment is that we can’t visit the people we love, or the places we call home. During this time, the ability to be online has been a lifeline to so many of us: whether you’re a small business trying to stay afloat…a parent looking for updates on how to keep your family healthy.." Sundar Pichai said.

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  Sundar Pichai announces Google's $10 Billion fund for India's digital economy

  July 13, 2020 15:05 IST

  Google CEO Sundar Pichai has announced a $10 billion digitization fund for India's digital economy. Pichai's announcement came after his mmeting with Prime Minister Narendra Modi on Monday where he discussed issues such as leveraging the power of technology to transform the lives of India's farmers and youth.

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  FabiFlu: Glenmark Pharma cuts price of COVID-19 drug Favipiravir. Here's how much it will cost now

  July 13, 2020 13:48 IST

  Glenmark Pharmaceuticals had launched FabiFlu last month at a price of Rs 103 per tablet. In a regulatory filing Glenmark announced a price reduction of 27 per cent for FabiFlu. The new maximum retail price (MRP) is Rs 75 per tab, it said.

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  TRAI blocks Airtel, Vodafone Idea's RedX premium plans that offer faster data speeds

  July 13, 2020 11:47 IST

  TRAI (Telecom Regulatory Authority of India) on Monday blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services to customers. TRAI questioned whether the network preference came at the cost of deterioration of services for other subscribers.

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  Sensex rallies over 400 points; Reliance hits fresh peak

  July 13, 2020 10:08 IST

  In the previous session, the BSE barometer ended 143.36 points, or 0.39 per cent, lower at 36,594.33. The NSE Nifty shed 45.40 points, or 0.42 per cent, to close at 10,768.05.

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  TRAI asks Airtel, Vodafone Idea to hold priority plans promising faster speeds

  July 12, 2020 23:07 IST

  The telecom regulator has asked Bharti Airtel and Vodafone Idea to put on hold specific plans that promised faster speeds to certain priority users, as it questioned whether the network preference came at the cost of deterioration of services for other subscribers.

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  World's leading wireless technology Qualcomm to invest Rs 750 cr in Reliance Jio

  July 12, 2020 22:18 IST

  Reliance Industries Limited and Jio Platforms Ltd. announced that world's leading wireless technology innovator Qualcomm is committed to invest up to Rs 730 crore in Jio Platforms to bolster Jio's initiatives towards building an advanced digital platform for Indian consumers.

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  Tomato prices further rise to Rs 70/kg in Delhi

  July 12, 2020 18:38 IST

  Retail tomato prices further rose to Rs 70 per kg on Sunday in the national capital due to tight supply of the key kitchen staple during the lean period, a trade report said.

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  Railways to launch 20 in-house innovations; To have powerless water coolers, CCTV monitoring coaches

  July 12, 2020 16:27 IST

  The Railway Board has decided to implement 20 innovations by its employees to make train journeys safer and improve passenger comfort - such as a bell warning to alert travellers minutes before a train departs, real-time CCTV monitoring inside coaches, printing of unreserved tickets through mobile applications - on a mass scale.

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  Highways Ministry asks NIC to capture FASTag details before vehicle registration

  July 12, 2020 15:32 IST

  The government on Sunday said it has decided to ensure capturing of FASTag details while registering or issuing fitness certificate to vehicles all over the country.

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  Life insurance sector witnesses 18.6 pc drop in first-year premium: CARE Ratings

  July 12, 2020 15:24 IST

  Hit hard by the coronavirus pandemic, the life insurance sector witnessed an 18.6 per cent drop in the first year premium to Rs 49,335 crore in the April-June quarter of the current financial year, according to a report by CARE Ratings.

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  Bye China! Foxconn plans to expand Sriperumbudur plant with $1 Billion investment: What we know

  July 12, 2020 12:25 IST

  Foxconn, Taiwanese multinational electronics contract manufacturer which assembles Apple iPhone, is planning to invest up to $1 billion in India. Foxconn is looking to expand its factory in Chennai's Sriperumbudur, sources said.

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  Gland Pharma IPO could be first Indian IPO with Chinese parent company

  July 12, 2020 8:50 IST

  Gland Pharma, which develops, manufactures and markets complex injectables, was founded by P.V.N. Raju in 1978 and Fosun Pharma acquired 74 per cent stake in the company in 2017.

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  Stores recover 80 per cent of pre-COVID sales: D-Mart

  July 11, 2020 23:29 IST

  Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday said it has recovered 80 per cent of its business in the stores, wherever it has been allowed to operate unhindered.  

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  Centre clears Rs 2,000 cr for BharatNet phase II in Uttarakhand

  July 11, 2020 21:31 IST

  The Centre has sanctioned Rs 2,000 crore for BharatNet phase II programme in Uttarakhand. Uttarakhand Chief Minister Trivendra Singh Rawat said the digital connectivity initiative will revolutionise telecommunication and internet connectivity in the state.

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  Biocon drug receives DCGI nod for use in moderate to severe COVID-19 patients

  July 11, 2020 17:22 IST

  Biotechnology major Biocon on Saturday announced that its "breakthrough drug," Itolizumab has received Drugs Controller General of India's (DCGI) approval for its use in moderate to severe COVID-19 patients. 

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  Need legally-backed 'resolution corporation' to deal with stressed financial firms: RBI Governor

  July 11, 2020 16:51 IST

  Reserve Bank Governor Shaktikanta Das on Saturday advocated the creation of a 'resolution corporation' with legislative backing for resolution and revival of stressed financial firms. 

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  Railways opens bidding for Train 18 sets project, Indo-China joint venture firm among 6 contenders

  July 11, 2020 14:28 IST

  The railway's ministry has opened the bidding process for the supply of electrical equipment and other items for 44 sets of 16 coach Vande Bharat train. This current tender was floated on December 22 last year by the Integral Coach Factory (ICF), Chennai, and was opened on Friday (July 10).

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  Jio Platforms receive over Rs 30,000 crore from 4 investors

  July 11, 2020 12:54 IST

  Reliance Industries on Saturday said that Jio Platforms received subscription amounts of Rs 30,062.43 crore from four investors for 6.13 per cent stake in total.

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  Indian economy has started showing signs of going back to normalcy: RBI Governor

  July 11, 2020 12:21 IST

  RBI Governor Shaktikanta Das has said that the Indian economy is showing signs of revival as restrictions across the country are being lifted gradually. He added that post containment of COVID-19, a very careful trajectory has to be followed in the orderly unwinding of countercyclical regulatory measures.

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  Amazon says email to employees banning TikTok was a mistake

  July 11, 2020 7:33 IST

  Roughly five hours after an internal email went out Friday to Amazon employees telling them to delete the popular video app TikTok from their phones, the online retailing giant appeared to backtrack, calling the ban a mistake.

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  Air India withdraws offer of employment for cabin crew, cites dismal aviation scenario

  July 11, 2020 7:09 IST

  Sources said Air India is terminating 1,200 crew and employees who are more than 55-yr-old including 190 trainee pilots. In a letter, Air India has informed an applicant who had been selected as cabin crew in August 2019 subject to the successful completion of training.

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  Punjab & Sind Bank reports fraud of Rs 112 crore in 2 accounts

  July 10, 2020 23:30 IST

  Punjab & Sind Bank on Friday reported fraud of Rs 112.42 crore in two NPA accounts of Maha Associated Hotels and Edyar Zinc.

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  Zomato FY20 revenue jumps to Rs 2,960 crore

  July 10, 2020 22:45 IST

  Online food ordering platform Zomato on Friday said its revenue in the last financial year jumped over two-fold to USD 394 million (around Rs 2,960 crore) as compared to 2018-19.

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  CBDT asks taxmen to process returns filed up to AY 2017-18 with refund claims by Oct 31

  July 10, 2020 21:57 IST

  The income tax department on Friday asked officers to process returns filed up to the assessment year (AY) 2017-18 with refund claims by October 31, 2020.