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  Bank of India Q4 loss at Rs 3,571 crore

  June 25, 2020 17:28 IST

  Bank of India on Thursday reported a standalone net loss of Rs 3,571.41 crore for the quarter ended March 31, 2020 due to higher provisions for bad loans. The bank clocked a profit of Rs 251.79 crore in January-March 2018-19.

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  Sensex, Nifty end marginally lower on F&O expiry

  June 25, 2020 16:15 IST

  Equity benchmarks Sensex and Nifty ended marginally lower on Thursday after a volatile session amid expiry of monthly derivative contracts.

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  Alibaba's Jack Ma is no longer China's richest man. Here's who dethroned him

  June 25, 2020 15:05 IST

  Alibaba founder Jack Ma is no longer China's richest man. According to Bloomberg Billionaires Index, Ma Huateng, who is the founder and CEO of Chinese Internet giant Tencent Holdings (TCEHY), has surpassed Jack Ma as China's richest man with a net worth of $50 billion.

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  Fair & Lovely no longer 'Fair': HUL to give new name to popular skin care cream

  June 25, 2020 15:08 IST

  In a major announcement, Hindustan Unilever has announced that it will remove the word 'Fair' from its flagship brand skincare cream Fair & Lovely. This comes after American multinational Johnson and Johnson announced that it will be stopping the sale of two fairness products that are sold in India.

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  8 lakh @ 125 days: Railways to provide jobs to migrants at cost of Rs 1,800 crore

  June 25, 2020 13:21 IST

  The Indian Railways will be providing 8-lakh man-days of employment opportunities to migrants workers in the next 125 days till October 31 under government's Garib Kalyan Rojgar Yojana Abhiyaan (GKRYA), announced Railways Minister Piyush Goyal. These new jobs will be generated in the infrastructure sector of the railways with an investment of Rs 1800 crore.

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  Qantas slashes 6,000 jobs amid COVID-19 grounding

  June 25, 2020 11:56 IST

  Qantas CEO Alan Joyce said that the airline was in a strong position before the pandemic but has nonetheless suffered greatly from its effects, making it necessary to undergo a significant overhaul in order to survive.

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  WhatsApp to launch payments service in India after Brazil blow

  June 25, 2020 11:03 IST

  After Brazil suspended newly launched WhatsApp’s payments service to “preserve competitive environment” just after a week of its launch, the Facebook-owned messaging platform said it is committed to launching the digital payment service in India, a process that has been in the works since over two years now.

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  ASHA workers in Maharashtra likely to get pay hike; 65,000 workers to get benefited

  June 25, 2020 10:34 IST

  Amid the COVID-19 pandemic, the ASHA workers have been assigned the task of surveillance in urban and rural areas and the state government now plans to give them an incentive for their work.

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  Sensex falls over 300 points in early trade ahead of F&O expiry

  June 25, 2020 10:08 IST

  In the previous session, the BSE barometer closed at 34,868.98, down 561.45 points, or 1.58 per cent, and the broader Nifty tumbled 165.70 points, or 1.58 per cent, to end at 10,305.30.

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  Mike Pompeo calls Mukesh Ambani's Reliance Jio 'clean telco', says Chinese Huawei deals evaporating

  June 25, 2020 9:39 IST

  Calling Orange in France, Jio in India and Telstra in Australia as 'clean telcos' for refusing to do business with firms from China, US Secretary of State Mike Pompeo has claimed that Chinese tech giant Huawei’s deals with telecommunications operators around the world are “evaporating”.

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  Fuel Price Today: Diesel price crosses ₹80 mark in Delhi, petrol at ₹79.92. Check revised rate

  June 25, 2020 9:08 IST

  Diesel price has surpassed the price of petrol for the second day in a row as fuel rate hiked for the 19th day on Thursday. Petrol price was hiked by 16 paise a litre while diesel price went up by 14 paise a litre today.

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  Google Pay says all transactions fully protected under RBI, NPCI guidelines

  June 25, 2020 8:02 IST

  The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.

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  Look forward to continuing partnership with Indian stakeholders: Huawei

  June 24, 2020 23:27 IST

  Chinese telecom gear major Huawei Technologies on Wednesday said it has been operating in India since the last 20 years and looks forward to continuing this partnership for creating greater value.  

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  Tirumala Hill shrine fetches Rs 7.5 crore in two weeks

  June 24, 2020 21:05 IST

  The shrine of Lord Venkateswara at Tirumala Hills, near Tirupati, has netted an income of Rs 7.5 crore in the last two weeks since the temple was re-opened on June 11.

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  Canara Bank's standalone net loss widens to Rs 3,259 cr in March quarter

  June 24, 2020 18:18 IST

  State-owned Canara Bank on Wednesday reported widening of its standalone net loss to Rs 3,259.33 crore for the fourth quarter ended March 2020.

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  Gadkari launches scheme to provide Rs 20,000 cr guarantee cover to MSMEs

  June 24, 2020 16:17 IST

  Union Minister Nitin Gadkari on Wednesday launched the Credit Guarantee Scheme for Sub-ordinate Debt to provide Rs 20,000 crore of guarantee cover to two lakh micro, small and medium enterprises.

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  Hetero set to deliver 20,000 vials of generic Remdesivir

  June 24, 2020 16:16 IST

  Following the approval of Covifor, the generic version of Remdesivir, by the Drug Controller General of India (DCGI), Hetero Healthcare Limited is set to deliver the first set of 20,000 vials in two equal lots of 10,000 each. 

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  Sensex snaps 4-day winning run, plunges 561 pts as financial stocks tank

  June 24, 2020 16:09 IST

  Snapping its four-day rising streak, equity benchmark Sensex surrendered all early gains to plunge 561 points on Wednesday, tracking a selloff in financial stocks and weak cues from global markets.

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  Cooperative banks to be brought under RBI supervision

  June 24, 2020 16:03 IST

  The government on Wednesday said all cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors of these banks.

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  Ola to provide protective screens, fumigation for partner autorickshaws

  June 24, 2020 15:42 IST

  Ride hailing app Ola said that auto rickshaws on its platform will undergo mandatory fumigation in every 48 hours and protective screens would be installed between driver and passenger sections as safeguards against COVID-19.

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  Gold futures rise on spot demand

  June 24, 2020 15:14 IST

  Gold prices on Wednesday rose by Rs 118 to Rs 48,350 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.

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  Cipremi: Cipla to price remdesivir version for COVID-19 drug under Rs 5,000

  June 24, 2020 14:47 IST

  Mumbai-based drugmaker Cipla on Tuesday announced that it will price 'Cipremi', its generic version of Gilead Sciences Inc's antiviral drug remdesivir for use in Covid-19 patients, at less than ₹5,000 ($66) per 100mg vial.

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  RBI warns of increasing fraud transactions in bank accounts. Reminds what to do to limit loss

  June 24, 2020 15:07 IST

  Amid ongoing phishing or cyberattack, Reserve Bank of India (RBI) on Wednesday warned citizens of fraudulent transactions. Due to coronavirus lockdown, online banking has seen a massive boom as it becomes the major source of carrying financial transaction.

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  Maruti Suzuki rolls out loyalty rewards programme for customers

  June 24, 2020 13:10 IST

  Under the programme, customers would get a range of benefits on purchase of additional car, service, Maruti Insurance, accessories, customer referrals, and several other association benefits with the company.

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  Govt relaxes manufacturing norms for PPE makers

  June 24, 2020 12:58 IST

  The government has relaxed norms of having in-house testing for three kinds of Personal Protective Equipments (PPEs) to promote the supply of quality gears during the ongoing COVID-19 pandemic, according to an official order.

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  Sensex jumps over 200 points in early trade; Nifty tops 10,500

  June 24, 2020 10:14 IST

  In the previous session, the BSE barometer rallied 519.11 points, or 1.49 per cent, to close at 35,430.43; while the NSE Nifty soared 159.80 points, or 1.55 per cent, to end at 10,471.

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  Take That! Diesel costlier than petrol in Delhi, fuel price hiked 18th day in a row

  June 25, 2020 9:01 IST

  Petrol, Diesel Price Hike: The prices of petrol and diesel have increased in the national capital by Rs 8.50/litre and nearly Rs 10.48/litre, respectively, over the past 18 days.

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  Union Bank net loss narrows to Rs 2,503 crore in March quarter

  June 23, 2020 22:46 IST

  State-owned Union Bank of India on Tuesday reported narrowing of its standalone net loss to Rs 2,503.18 crore in the fourth quarter ended March 2020. The bank had posted a net loss of Rs 3,369.23 crore during the same quarter of the previous financial year.