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  COVID-19 to push as many as 150 million people into extreme poverty by 2021: World Bank

  October 07, 2020 23:15 IST

  More than 150 million people may fall into extreme poverty throughout the world by 2021 as a result of the economic contraction caused by the novel coronavirus pandemic, the World Bank said in a report on Wednesday.

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  RBI's Monetary Policy Committee begins deliberations, rate cut unlikely

  October 07, 2020 22:47 IST

  The newly-constituted Monetary Policy Committee (MPC) of the Reserve Bank began its three-day deliberations on Wednesday, amid expectations that the central bank will maintain status quo on the benchmark lending rates in view of hardening inflation.

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  Loan restructuring manageable, says SBI’s new chairman Dinesh Khara

  October 07, 2020 22:44 IST

  The newly-appointed Chairman of State Bank of India (SBI) Dinesh Khara on Wednesday said maintaining quality loan book, safety of employees and customers will remain his top most priorities. Khara, who took charge on Wednesday, said the bank will continue to strive for even better customer experience. 

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  Rajeshwar Rao appointed new RBI Deputy Governor

  October 07, 2020 21:54 IST

  The government on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI), it said in a notification. Rao is currently an Executive Director with the central bank.

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  Hindustan Coca Cola Beverages makes work from home a permanent option. Deets inside

  October 07, 2020 21:44 IST

  In a move to shift towards work from home practice, Beverages maker Hindustan Coca-Cola Beverages (HCCB) on Wednesday said it has introduced an option of permanent work-from-home for its employees whose physical presence in the office is not required as part of a new policy.

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  Delhi multiplexes, cinema halls, theatres to reopen from Oct 15 with 50 per cent seating capacity

  October 07, 2020 20:35 IST

  In a welcome development for business, movie watchers, the Delhi government on Wednesday permitted reopening of cinemas, theatres and multiplexes with up to 50 per cent of their seating capacity from October 15.

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  TCS Q2 net profit up 4.9 pc at Rs 8,433 cr; announces Rs 16,000-cr share buyback plan

  October 07, 2020 19:41 IST

  TCS will buyback 5.33 crore shares worth Rs 16,000 crore. This is first buyback programme by the country's largest IT major in the current fiscal.

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  Your jobs, increments, bonuses, promotions are secure: HDFC Bank CEO Aditya Puri to employees

  October 07, 2020 18:55 IST

  Aditya Puri, HDFC Bank Chief Executive Officer (CEO) and Managing Director, in an attempt to boost the morale of its employees, assured them that their jobs, bonuses and increments are secure.

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  Amazon India partners IRCTC to offer reserved train ticket bookings

  October 07, 2020 17:56 IST

  Amazon India on Wednesday said it has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to provide their customers with the facility to book reserved train tickets on its platform.

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  Ambani family donates Rs 5 crore to Uttarakhand Chardham Devasthanam Board

  October 07, 2020 17:34 IST

  The Ambani family has donated Rs 5 crore to Uttarakhand Chardham Devasthanam Board to help it tide over financial losses suffered by it amid the coronavirus lockdown.

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  India emerges global leader with 41 million real-time financial transactions in a day

  October 07, 2020 17:12 IST

  Thanks to the pandemic, the country has become the global leader in real-time financial transactions with 41 million transactions per day, which is more than double that of the last year, says an international report.

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  Gold Price Today: Gold plunges Rs 694; silver up Rs 126

  October 07, 2020 16:26 IST

  Gold prices plunged Rs 694 to Rs 51,215 per 10 grams in the national capital on Wednesday amid rupee appreciation, according to HDFC Securities. 

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  Cox & Kings CFO, internal auditor arrested in Yes Bank case

  October 07, 2020 16:06 IST

  The Enforcement Directorate (ED) on Tuesday said it has arrested the CFO and internal auditor of Cox & Kings Group in connection with the Yes Bank case.

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  Sensex rallies 304 points; Nifty tops 11,700

  October 07, 2020 16:04 IST

  Equity benchmark Sensex rallied 304 points on Wednesday, tracking gains in index-heavyweights Reliance Industries, HDFC twins and Infosys. 

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  Urban Company introduces unlimited mental health leave policy for employees

  October 07, 2020 14:59 IST

  Urban Company on Wednesday introduced an initiative under which employees can take unlimited sick leaves in case they are suffering from any form of mental or physical illness. The tech-enabled home services company announced its mental health leave policy, ahead of the World Mental Health Day on October 10.

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  Work on Noida's Jewar airport to begin soon as key pact signed: All you need to know

  October 07, 2020 14:46 IST

  ​Work on Jewar airport could begin soon as the Noida International Airport Limited (NIAL) and Zurich Airport International AG on Wednesday signed a key agreement.

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  Employees in India face increased burnout at work during pandemic: Report

  October 07, 2020 13:38 IST

  Employees in India are facing increased burnout due to lack of separation between work and personal life as well as concerns of contracting COVID-19, a report said on Wednesday.  

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  DHFL administrator moves NCLT against Wadhawans in Rs 2,150-crore fraud

  October 07, 2020 12:49 IST

  On the basis of the report filed by Grant Thornton, the administrator has filed application against Kapil Wadhawan, Dheeraj Wadhawan, Aruna Wadhawan, Wadhawan Global Capital Limited, the ICD entities and certain other entities claiming the amount from them along with the interest for the remaining period.

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  Over 41% Indian workers face increased burnout at work: Microsoft

  October 07, 2020 12:24 IST

  Close to one third of workers in India cited increased rates of burnout over the past six months, according to Microsoft's latest ‘Work Trend Index' report.

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  RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail

  October 07, 2020 11:54 IST

  Shares of Reliance Industries Ltd on Wednesday gained over 4 per cent after Reliance Retail Ventures Ltd raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA).  

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  Housing sales drop 35 pc in 7 cities in July-Sep despite demand recovery: Report

  October 07, 2020 11:25 IST

  Housing sales across seven major cities in the country fell 35 per cent year-on-year to 50,983 units during the July-September period even as the demand recovered post lockdown, according to data analytics firm PropEquity. 

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  Sensex drops over 100 points in opening trade; Nifty below 11,650

  October 07, 2020 10:05 IST

  Equity benchmark Sensex dropped over 100 points in opening trade on Wednesday tracking losses in financial stocks amid weak cues from global markets. The 30-share index was trading 100.60 points or 0.25 per cent lower at 39,473.97, and the NSE Nifty fell 23.45 points or 0.20 per cent to 11,638.95.

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  Flight operations at Pune airport to remain shut during night for a year

  October 07, 2020 8:28 IST

  The flight operations at the Pune airport will remain shut during night for a year due to recarpeting work of runway, airport authorities said on Tuesday.

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  Dinesh Kumar Khara appointed new SBI Chairman for 3 years

  October 07, 2020 8:07 IST

  Prior to being appointed as Chairman of the bank, Khara was the Managing Director (Global Banking & Subsidiaries) of the bank, and in this role, led and steered the International Banking Group, Corporate and Treasury operations of the bank.

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  Abu Dhabi Investment Authority invests Rs 5,512.5 crore in Reliance Retail for 1.2 per cent stake

  October 06, 2020 23:06 IST

  Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.

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  Dinesh Kumar Khara appointed new SBI chairman

  October 06, 2020 22:30 IST

  The government on Tuesday appointed SBI's senior-most Managing Director Dinesh Kumar Khara as the chairman of the country's largest lender.

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  Apple iPhone, Samsung phones to be made in India: Govt clears 16 manufacturing proposals

  October 06, 2020 21:56 IST

  The government on Tuesday said it has cleared 16 proposals from domestic and international companies entailing investment of Rs 11,000 crore under the production linked incentive (PLI) scheme to boost large-scale electronics manufacturing in the country as a part of the its Atmanirbhar Bharat initiative.

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  Reliance Jio teams up with USP Studios for kids edutainment content

  October 06, 2020 19:10 IST

  India's largest telecom operator Reliance Jio has partnered USP Studios, a content creator for kids, to strengthen the platform's offering for children. These include Kids First, Kids TV India, Junior Squad Kid Songs, Top Nursery Rhymes, Kids Channel India, Bob The Train, Little Treehouse Rhymes, and Farmees Nursery Rhymes.