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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.

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  RCom loans: Anil Ambani claims no personal guarantee given to three Chinese banks

  June 23, 2020 22:36 IST

  Businessman Anil Ambani on Tuesday claimed he had not given any personal guarantee for a borrowing made by Reliance Communications (RCom) from three Chinese banks against the backdrop of a UK court directing him to pay USD 717 million to the three lenders.  

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  Mukesh Ambani keeps salary capped at Rs 15 crore in FY20; forgoes remuneration from current year

  June 23, 2020 21:19 IST

  ​Richest Indian Mukesh Ambani kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for 12th year on the trot in the fiscal ended March 31 and has decided to forego the entire remuneration from the current year in view of the COVID-19 pandemic. 

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  Cipla to price generic version of COVID-19 drug remdesivir at less than Rs 5,000 per vial

  June 23, 2020 21:03 IST

  Pharma major Cipla will price its generic version of antiviral drug remdesivir at less than Rs 5,000 per vial in keeping with its conviction of providing access to the medicines at affordable cost, the company said on Tuesday.

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  Auto volumes likely to recover partially in H2 FY21: Fitch

  June 23, 2020 20:38 IST

  Auto volumes are expected to recover partly in the second half of the ongoing financial year as sales gradually increase after the easing of lockdown measures since May, Fitch Ratings has said.

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  US work visa suspension may hurt Indian IT cos' margins, further drive local hiring, say analysts

  June 23, 2020 20:04 IST

  ​The US move to suspend work visas like H-1B till year-end may hurt the Indian IT firms' margins as they will have to resort to more expensive local hiring to replace Indians, according to analysts.  

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  Coronil: Where can you buy Ramdev's ayurvedic medicine for coronavirus

  June 23, 2020 18:55 IST

  Coronil, a newly launched ayurvedic medicine to treat coronavirus will soon hit the Indian markets. The coronavirus kit, comprising of two tablets and a liquid, was launched by Swami Ramdev at Patanjali Yogpeeth in Haridwar on Tuesday.

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  Gold Price Today: Gold falls Rs 57, silver prices tumble Rs 477

  June 23, 2020 18:01 IST

  Gold prices fell by Rs 57 to Rs 48,931 per 10 gram in the national capital on Tuesday due to weakness in global prices and rupee appreciation, according to HDFC Securities.

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  Govt mulls basic customs duty of 20% on solar equipment

  June 23, 2020 17:47 IST

  ​The government is considering basic customs duty of around 20 per cent on solar energy equipment to provide an edge to domestic manufacturers and discourage imports, particularly from China.

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  International flights may resume soon: Here's why

  June 23, 2020 17:49 IST

  In what comes as a ray of hope for international travel, the Ministry of Civil Aviation is considering travel requests from several countries. It is looking at the possibility of establishing individual "bilateral bubbles" like of India-US, India-France, India-Germany, India-UK.

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  Coronil: All you need to know about Ramdev's medicine to cure coronavirus

  June 23, 2020 17:05 IST

  Tuesday saw the announcement of an ayurvedic medicine to cure coronavirus. Named "Coronil", the medicine to treat the deadly coronavirus was launched by Yoga Guru Swami Ramdev and Acharya Balkrishna at Patanjali Yogpeeth in Haridwar.

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  Sensex rallies 519 points on easing Indo-China border tensions

  June 23, 2020 16:18 IST

  Rising for the fourth straight session, the BSE Sensex rallied over 519 points on Tuesday following reports that Indian and Chinese armies reached a consensus to de-escalate tensions on the border. 

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  India's farm trade may rebound in second half of 2020: Fitch Solutions

  June 23, 2020 16:06 IST

  The country's farm trade, which was disrupted during the COVID-19 lockdown due to logistic issues in March-June, is expected to rebound in the second half of the calendar year 2020, said analytics firm Fitch Solutions in its latest report.

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  New drugs for paediatrics, dermatology, oncology on the anvil

  June 23, 2020 15:03 IST

  DFD-11(Xeglyze) in paediatrics area is intended for treatment of head lice in patients six months of age or older. PPC-06 (Tepilamide Fumarate) in dermatologyis for the treatment of plaque psoriasis in patients 18 years of age or older.

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  Coronil kit: Patanjali's 30-day medicine to cure COVID-19 is priced at ₹545

  June 23, 2020 14:04 IST

  Yoga Guru Swami Ramdev's Patanjali on Tuesday launched the ayurvedic medicine, Coronil, Swasari Vati for treating COVID-19, the respiratory disease caused by the SARS-CoV-2 virus. Corona Kit is not available anywhere for now. It will be made available at Patanjali stores in a week.

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  RBI extends Rs 50,000 crore special liquidity window for YES Bank by 3 months

  June 23, 2020 13:13 IST

  The Reserve Bank of India (RBI) has extended the special liquidity facility made available for private sector lender YES Bank by three months. The earlier deadline for the facility was Jun 16.

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  Coronil, Swasari Vati: Patanjali launches Made in India ayurvedic medicine to cure COVID-19

  June 23, 2020 13:06 IST

  Patanjali Ayurved on Tuesday launched first 'Made in India' Ayurvedic medicine for treating coronavirus or COVID-19, the respiratory disease caused by the SARS-CoV-2 virus. Yoga Guru Swami Ramdev and Acharya Balkrishna launched the ayurvedic COVID-19 medicine at Patanjali Yogpeeth in Haridwar.

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  India's crude steel output falls 39 per cent to 5.8 MT in May

  June 23, 2020 11:53 IST

  In March, India produced 8.65 MT of crude steel, down 14 per cent from 10.4 MT in the same month previous year. The country in April produced 3.13 MT steel, registering over 65 per cent fall as compared to 9.02 MT.

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  H1-B Visa suspension: Google, Apple may get hit hardest over US's immigration proclamation

  June 23, 2020 11:18 IST

  More than 70% of H1-B or work visas tend to go to Indians either hired by American companies such as Google, Apple and Microsoft or Indian companies with US operations such as TCS, Infosys and Wipro.