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  Sensex surges 258 points; Nifty reclaims 11,600

  September 16, 2020 16:02 IST

  Domestic equity benchmark Sensex jumped 258 points on Wednesday following gains in HDFC Bank, Infosys and M&M amid sustained foreign fund inflows. 

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  Will take necessary measures to promote growth: RBI Governor

  September 16, 2020 12:38 IST

  RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth.

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  Toyota announces investment of over ₹2,000 cr in India; denies reports of suspending expansion plans

  September 16, 2020 10:09 IST

  Toyota will not suspend its expansion plans in the Indian market, the company has clarified. In a statement on Tuesday, Toyota Motor Corp. said it remains committed to the Indian market and its local unit has announced an investment of more than ₹2,000 crores. 

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  SBI issues new guidelines for OTP-based ATM withdrawal facility: All you need to know

  September 15, 2020 21:09 IST

  The State Bank of India (SBI) has announced new guidelines on cash withdrawal by its customers having OTP based ATM cards. SBI has extened the time for the OTP-based cash withdrawal from its ATMs.

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  Gold Price Today: Gold rises by Rs 422, silver jumps Rs 1,013

  September 15, 2020 16:29 IST

  Gold prices rose by Rs 422 to Rs 53,019 per 10 gram in the national capital on Tuesday amid rupee depreciation and positive global trend, according to HDFC Securities.

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  Sensex rallies 288 points; Nifty tops 11,500

  September 15, 2020 16:11 IST

  Domestic equity benchmark Sensex surged 288 points on Tuesday, tracking strong buying sentiment in banking counters amid positive cues from global markets. 

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  Tomato prices soar in Delhi; now being sold at Rs 70-80 per kg

  September 15, 2020 14:18 IST

  The price of tomato has soared in Delhi and the vegetable is now being sold at Rs 70-80 per kg in the national capital. During the lockdown, the price of tomato remained Rs 20-30 per kg. Retail prices of almost all vegetables, including potato, onion, capsicum and tomato, have increased two to three times in Delhi.

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  Indian economy to shrink 9 pc in FY21: ADB

  September 15, 2020 12:47 IST

  India's coronavirus-battered economy will shrink by 9 per cent this fiscal, the Asian Development Bank (ADB) predicted on Tuesday saying growth outlook remains highly vulnerable to either a prolonged outbreak of the pandemic or a resurgence of cases. This will be the first time in four decades that the Indian economic growth will contract.

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  Happiest Minds IPO allotment status finalised. Here's how to check

  September 15, 2020 10:29 IST

  The allotment of Happiest Minds IPO has been finalised and for the second time, Ashok Soota - a pioneer of India’s information technology services industry has hit India IPO jackpot. Ashok Soota has headed three outsourcing companies, including Wipro Ltd. He has also taken two of them public. 

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  ICICI Bank gets exemption from paring stake in insurance subsidiaries for 3 years

  September 15, 2020 8:45 IST

  ICICI Bank on Monday said it has got an exemption from paring stake in its life and non-life subsidiaries to 30 per cent for a period of three years. 

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  FDI inflow from China declines as relations get tense

  September 15, 2020 8:07 IST

  The tense relations between India and China has affected the investment of Chinese companies as the foreign direct investment (FDI) of Chinese companies in India has declined significantly in the last three years, Minister of State for Finance Anurag Thakur said in a reply to a question in the Lok Sabha.

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  Govt bans export of onions with immediate effect

  September 14, 2020 22:49 IST

  The government on Monday banned the export of onions with immediate effect. The move aimed at increasing the availability and checking price of the commodity in the domestic market.

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  RBI asks banks to use automated IT-based system for asset classification

  September 14, 2020 22:03 IST

  Concerned over manual identification of bad loans by some banks, the RBI on Monday asked lenders to introduce an automated IT-based system for asset classification and provisioning.

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  Consumer inflation at 6.69% in August against 6.73% last month: Govt

  September 14, 2020 18:26 IST

  Consumer inflation at 6.69% in August against 6.73% last month: Government of India

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  Ashoka Buildcon wins Rs 1,390 crore highway projects in Bihar from NHAI

  September 14, 2020 18:09 IST

  Ashoka Buildcon on Monday said it has bagged two highway projects worth Rs 1,390 crore in Bihar from National Highways Authority of India (NHAI).

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  Gold Price Today: Gold down by Rs 24, silver rises Rs 222

  September 14, 2020 17:00 IST

  Gold prices declined marginally by Rs 24 to Rs 52,465 per 10 gram in the national capital on Monday amid rupee appreciation, according to HDFC Securities. 

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  Sensex ends 98 points lower; IT stocks shine

  September 14, 2020 16:06 IST

  Domestic equity benchmark Sensex pared early gains to end 98 points lower on Monday, tracking losses in index majors HDFC twins, Reliance Industries and Bharti Airtel. 

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  Facebook India hires ex-Ola COO as head for global biz group

  September 14, 2020 13:13 IST

  Srinivas' appointment comes after a series of senior and leadership recruitments in recent months across marketing, partnerships, communications, and other key verticals in the country.

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  WPI inflation rises 0.16 pc in Aug; food, manufactured items turn costlier

  September 14, 2020 13:10 IST

  The wholesale price-based inflation rose 0.16 per cent in August as food items and manufactured products turned costlier. The Wholesale price index based (WPI) inflation was in the negative territory for four straight months -- April (-) 1.57 per cent, May (-) 3.37 per cent, June (-) 1.81 per cent and July (-) 0.58 per cent.

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  ICICI Lombard inks bancassurance tie up with Yes Bank

  September 14, 2020 12:23 IST

  Bancassurance is an agreement between a bank and an insurer to sell its offerings to the lender's customers. Through this tie-up, ICICI Lombard aims to offer innovative insurance solutions to Yes Bank's customers across 28 states and 8 union territories.

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  TCS becomes second Indian firm to cross Rs 9 lakh cr-market valuation mark

  September 14, 2020 12:22 IST

  Tata Consultancy Services (TCS) on Monday became the second Indian firm to attain a market valuation of over Rs 9 lakh crore after Reliance Industries Limited. The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price.

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  Infosys to acquire GuideVision

  September 14, 2020 11:44 IST

  InfosysLimited on Monday announced a definitive agreement to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe.  

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  Sensex rallies over 300 points in early trade; Nifty tops 11,550

  September 14, 2020 11:08 IST

  Domestic equity benchmark Sensex jumped over 300 points in early trade on Monday tracking gains in index majors Reliance Industries, HDFC twins and HCL Tech amid positive global cues and fresh foreign fund inflow.  

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  Oracle trumps Microsoft to win bid for TikTok operations

  September 14, 2020 8:28 IST

  Microsoft has confirmed that ByteDance has rejected its offer to take over TikTok's US operations. Oracle is the only known remaining bidder.

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  GST compensation row: 13 states submit borrowing option to Centre to fund shortfall

  September 13, 2020 21:58 IST

  As many as 13 states ruled by the BJP and parties that have supported it on various issues have submitted their borrowing options to the Centre to meet the GST revenue shortfall. These 13 states include Bihar, Odisha, Andhra Pradesh, Gujarat, Uttarakhand, Meghalaya, Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh.

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  SBI Card to enrol 'delinquent' customers in restructuring plans: MD

  September 13, 2020 17:26 IST

  SBI Card is in the process of enrolling "delinquent" customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments, a top company official said.

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  RIL, TCS, HUL and Infosys add Rs 3 lakh crore in m-cap in one week

  September 13, 2020 10:17 IST

  Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.

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  Powered by RIL, valuation of four of top 10 firms soars by Rs 3 lakh crore

  September 13, 2020 10:16 IST

  Four of the 10 most valued Indian firms added Rs 3,01,847.99 crore to their market capitalisation last week, led by Reliance Industries which surpassed the Rs 15 lakh crore mark in valuation.