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  Google Pay not a payment system operator: RBI tells High Court

  June 20, 2020 19:00 IST

  The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate any payment systems. 

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  Amazon, BigBasket get nod for liquor delivery in West Bengal

  June 20, 2020 18:19 IST

  E-commerce giant Amazon and Alibaba-backed BigBasket have got approval to deliver liquor in West Bengal, according to a document.

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  Limits on airfares may be extended beyond August 24 depending on situation: Aviation Secretary

  June 20, 2020 17:21 IST

  The government-imposed upper and lower limits on airfares may be extended beyond August 24 depending upon how the situation turns out, Aviation Secretary P S Kharola said on Saturday. 

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  Liquor makers urge Odisha govt to cut 'special COVID-19 fee' to boost sales

  June 20, 2020 15:28 IST

  Manufacturers of alcoholic beverages have urged the Odisha government to reduce the 'special COVID-19 fee' imposed on liquor from 50 per cent to areasonable rate and allow retailers in the state to sell such products from outlets, an official said on Saturday. 

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  Glenmark launches COVID-19 drug after DCGI nod

  June 20, 2020 21:02 IST

  Glenmark Pharmaceuticals on Saturday said it has launched antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate COVID-19.

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  Petrol, diesel prices hiked for 14th day in a row. Check revised rates

  June 20, 2020 8:29 IST

  Price of petrol and diesel has increased by Rs 5.88/litre and Rs 6.50/litre respectively since June 9, in the national capital.

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  FinMin proposes restriction on foreign investment in pension funds from China

  June 19, 2020 23:31 IST

  Amidst growing tension between India and China, the finance ministry on Friday proposed putting restrictions on foreign investment in pension funds from any of India's bordering countries.

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  Govt closely monitoring repo rate cut transmission by banks to customers: FM

  June 19, 2020 22:54 IST

  Finance Minister Nirmala Sitharaman on Friday said the government is monitoring progress of various relief measures, especially the transmission of repo rate cuts to corporates and consumers to stimulate the economy, hit by COVID-19 crisis.

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  BSE ranks among 10 most valued exchanges in the world

  June 19, 2020 21:53 IST

  Leading bourse BSE figures among the world's 10 largest exchanges in terms of cumulative market capitalisation of all companies listed on its platform, as per the latest data from the World Federation of Exchanges.  

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  RBI raises PMC Bank withdrawal limit to Rs 1 lakh; extends regulatory restrictions by 6 months

  June 19, 2020 19:51 IST

  The Reserve Bank of India on Friday raised the withdrawal limit for the depositors of crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank to Rs 1 lakh.

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  Reliance Industries market valuation crosses Rs 11 lakh crore

  June 19, 2020 18:56 IST

  The market valuation of Reliance Industries Ltd crossed Rs 11 lakh crore on Friday as shares rallied over 6 per cent after chairman Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free.  

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  AGR woes: Funds from Vodafone, Infratel-Indus merger may aid VIL's upfront payment, say analysts

  June 19, 2020 18:10 IST

  The planned merger of Bharti Infratel and Indus Towers and additional payment from Vodafone Plc may help crisis-hit Vodafone Idea make part upfront deposit for securing staggered payment of balance AGR dues, if the apex court permits, analysts said.  

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  Forex reserves up by USD 5.94 billion to hit record USD 507.64 billion

  June 19, 2020 18:07 IST

  India's forex reserves rose substantially by USD 5.942 billion to touch a life-time high of USD 507.644 billion in the week to June 12, helped by a significant jump in the foreign currency assets (FCA), RBI data showed.  

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  Gold Price Today: Gold prices jump Rs 144, silver rises by Rs 150

  June 19, 2020 17:32 IST

  Gold in the national capital rose by Rs 144 to Rs 48,334 per 10 gram in-line with gain in international prices of the precious metal, according to HDFC Securities. 

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  US-based car care brand Turtle Wax enters Indian market

  June 19, 2020 17:19 IST

  Chicago-based car care brand Turtle Wax on Friday announced its foray into the Indian market with the launch of its complete range of appearance products for both two- and four-wheelers.

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  BSE to launch liquidity enhancement scheme in gold mini, silver kilo from next month

  June 19, 2020 16:23 IST

  Leading stock exchange BSE will introduce liquidity enhancement scheme (LES) in two options contracts -- gold mini and silver kilo --  from July 6, a move aimed at boosting trade in these products.

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  Reliance rally lifts markets; Sensex soars 524 points, Nifty tops 10,200

  June 19, 2020 16:07 IST

  Equity benchmark Sensex rallied 524 points on Friday, propelled by stellar gains in index-heavyweight Reliance Industries amid positive sentiment in global markets and fresh foreign fund inflows.  

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  Finance Ministry invites bids from transaction advisors for LIC IPO

  June 19, 2020 15:33 IST

  Kick-starting the process of LIC disinvestment, the Finance Ministry on Friday invited bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed initial public offer. 

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  As Boycott China chorus grows, here's list of top Chinese companies in India

  June 19, 2020 15:18 IST

  Massive protest against China is being held across the country with many breaking their TV sets, phones and other Chinese products to mark their protest. #BoycottChina, #BoycottChineseProducts, #ChineseProductsInDustbin and #BharatUnitedAgainstChina have been trending hashtag on social media platforms.

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  Nestle's use of Magic Masala for Maggi fine, 'no monopoly' on expression, rules Madras High Court

  June 19, 2020 14:45 IST

  The Madras High Court has made it clear that laudatory expressions like 'Magic Masala' and 'Magical Masala' cannot be monopolised and use of similar expressions would not amount to passing off under the Trademark Act.

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  Glenmark Pharmaceuticals gets USFDA nod for Fingolimod capsules

  June 19, 2020 10:36 IST

  Drug major Glenmark Pharmaceuticals on Friday said it has received final nod from the health regulator for Fingolimod capsules.

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  Sensex jumps over 200 points; Nifty tops 10,100 level

  June 19, 2020 10:09 IST

  In the previous session, the BSE barometer settled at 34,208.05, up 700.13 points, or 2.09 per cent, while the broader Nifty jumped 210.50 points, or 2.13 per cent, to 10,091.65.

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  Reliance now 'debt-free', Ambani says 'fulfilled my promise before schedule'

  June 19, 2020 10:08 IST

  Reliance Industries Ltd (RIL) net-debt was ₹ 161,035 crore, as on 31st March 2020. The company has raised ₹115,693.95 crore from 10 tech investors and ₹ 53,124.20 crore from RIL's rights issue.

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  Fuel Price Today: Petrol, diesel prices hiked for 13th day in a row. Check revised rates

  June 19, 2020 8:30 IST

  Fuel Price Hike: State-run oil marketing companies (OMCs) on Friday hiked the price of petrol and diesel for the 13th consecutive day as they continued to adjust retail rates in line with costs after an 82-day break from rate revision amidst the coronavirus pandemic.

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  Chinese smartphone makers tweak strategy to project products as Indian brands

  June 18, 2020 21:27 IST

  Chinese handset makers who command around 70 per cent of the market share in India are projecting themselves as Indian brands and selling made-in-India products to ward off any possible backlash on their sales after the Galwan violence.  

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  How Indians are boycotting Chinese products. Photos, videos

  June 18, 2020 19:15 IST

  Protests against China are being held across the country with many breaking their TV sets, phones and other Chinese products to mark their protest. Call for boycott of Chinese goods has also taken over social media with people photos and videos destroying Chinese products they consume. Users are posting visuals using #ChineseProductsInDustbin and #BharatUnitedAgainstChina.

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  CAIT appeals top celebrities to stop endorsing Chinese products

  June 18, 2020 17:59 IST

  The Confederation of All India Traders (CAIT) has appealed top celebrities including Amitabh Bachchan, Akshay Kumar, Deepika Padukone and Virat Kohli to stop endorsing products of Chinese brands as a mark of respect for Indian soldiers who laid down their lives in the Galwan Valley attack in Ladakh.

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  Muthoot Finance shares zoom nearly 18% after Q4 earnings

  June 18, 2020 17:49 IST

  Shares of Muthoot Finance (MFIN) on Thursday jumped nearly 18 per cent after the company reported a 52.4 per cent jump in consolidated net profit in March 2020 quarter.