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  Tata Motors owned Jaguar Land Rover plans over 1,000 job cuts

  June 16, 2020 8:17 IST

  Tata Motors-owned Jaguar Land Rover (JLR) is planning to cut over 1,000 contract-agency jobs amid the ongoing COVID-19 pandemic pressures.

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  Cycle sales rise in Kolkata amid fear of COVID-19 transmission in public transport

  June 15, 2020 23:20 IST

  Bicycle sales in the city has witnessed a spurt during the coronavirus crisis with commuters looking for a good social distancing means and an alternative to public transport.

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  Exports fall 36.47% in May, trade deficit narrows to USD 3.15 billion

  June 15, 2020 19:45 IST

  ​Contracting for the third straight month, India's exports declined 36.47 per cent in May to USD 19.05 billion, mainly on account of drop in shipments by key sectors such as petroleum, textiles, engineering, gems and jewellery.  

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  SBI Card launches video based KYC feature. Know how to use

  June 15, 2020 23:39 IST

  After several other banks introduced a video-based customer identification process last one month, SBI Card on Monday announced the launch of Video Know Your Customer (VKYC) feature to ensure zero contact, hassle-free customer onboarding process.

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  Petrol, diesel prices hiked by Rs 2 per litre in Gujarat

  June 15, 2020 19:06 IST

   The new rates will come into effect from midnight tonight, said deputy chief minister Nitin Patel, who also holds Finance portfolio.

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  Rupee slides to over 6-week low on forex outflows amid growth, COVID-19 concerns

  June 15, 2020 17:48 IST

  The rupee depreciated by 19 paise to close at a more than six-week low of 76.03 on Monday as weak domestic equities and sustained foreign fund outflows weighed on investor sentiment. Forex traders said risk appetite has waned amid concerns over the second wave of COVID-19 globally.

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  In an attempt to regain market share, Coca Cola introduces Vio Spiced Milk

  June 15, 2020 17:44 IST

  Under its hyper-local strategy, beverage major Coca-Cola India on Monday launched ''Spiced Buttermilk'', under its dairy brand ''VIO''.

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  Airtel Payments Bank launches Suraksha Salary Account for MSMEs

  June 15, 2020 17:24 IST

  Airtel Payments Bank on Monday launched 'Suraksha Salary Account', an innovative salary account services for the Micro, Small and Medium Enterprises (MSME). 

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  Wholesale prices plunge to 4.5-year low; WPI deflation at 3.21% in May

  June 15, 2020 17:17 IST

  ​Prices in the wholesale market fell to a 4.5-year low level in May, recording a deflation of 3.21 per cent, due to sharp decline in fuel and power items even as food articles turned expensive.  

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  Gold prices decline by Rs 380 on subdued global cues

  June 15, 2020 17:15 IST

  Gold prices fell by Rs 380 to Rs 47,900 per 10 gram in the national capital on Monday following decline in global prices, according to HDFC Securities.

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  Sensex tanks 552 points on second COVID wave fears

  June 15, 2020 16:24 IST

  Equity benchmark Sensex plunged 552 points on Monday, dragged by heavy losses in financial stocks amid concerns over a second wave of coronavirus infections.  

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  WPI inflation declines by 3.21% in May against rise of 2.79% in 2019

  June 15, 2020 15:06 IST

  Wholesale price index (WPI) inflation has declined by 3.21 per cent in May against a rise of 2.79 per cent in the year-ago period. The wholesale prices witnessed deflation due to sharp decline in prices of fuel and power, even as food articles turned expensive.

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  Aarti Industries’ Rs 4,000-crore contract with global firm cancelled

  June 15, 2020 12:36 IST

  Rajendra Gogri, Chairman and Managing Director, at AIL said, “The project has been one of the major growth initiatives for us. The present notice was not something envisaged by us."

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  Spike in cigarette smuggling during COVID-19 lockdown: FICCI

  June 15, 2020 12:36 IST

  Industry chamber FICCI's arm on Monday said several cases of seizures by enforcement agencies of smuggled imported cigarettes reported in the last few months indicate a spike in cigarette smuggling during the coronavirus-induced lockdown. 

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  India online smartphone share to touch record 45% in 2020: Report

  June 15, 2020 11:32 IST

  Online channels are likely to account for a highest-ever 45 per cent share of smartphone sales in 2020 owing to the Covid-19 situation as people would prefer to buy devices online to maintain social distancing

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  Sensex tumbles over 300 points in opening session; Nifty drops below 9,900

  June 15, 2020 10:01 IST

  In the previous session, the BSE barometer settled at 33,780.89, up 242.52 points, or 0.72 per cent, and the Nifty rose 70.90 points, or 0.72 per cent, to end at 9,972.90.

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  Fuel Price Today: Petrol and diesel prices hiked for 9th day in a row. Check revised rate

  June 15, 2020 9:06 IST

  The price of petrol and diesel hiked for the ninth consecutive day as State-run oil marketing companies (OMCs) continued to adjust retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic.

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  NCLT allows Jet Airways to sell office in Bandra Kurla Complex

  June 14, 2020 14:47 IST

  The NCLT has allowed Jet Airways to sell its premises in Bandra Kurla Complex (BKC) to settle Rs 360 crore dues of mortgage lender HDFC, clear overseas debt and cover corporate insolvency resolution process costs. 

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  7 out of top-10 firms lose Rs 78,127 cr in m-cap; HDFC Bank, Bharti Airtel take biggest hit

  June 14, 2020 12:00 IST

  Seven of the 10 most valued domestic companies together lost Rs 78,127.74 crore in market valuation last week, with HDFC Bank taking the biggest knock.

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  COVID-19 may result in job losses in dealerships worse than last year's auto sector slowdown: FADA

  June 14, 2020 11:54 IST

  Automobile dealers' body FADA fears that the coronavirus pandemic could result in job losses in dealerships which could be worse than what was experienced last year when over two lakh jobs were lost due to a prolonged slowdown in the automobile industry

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  Govt unlikely to go for privatisation of PSBs this fiscal

  June 14, 2020 11:17 IST

  At present, four public sector banks are under the RBI''s Prompt Corrective Action (PCA) framework, which puts several restrictions on them, including on lending, management compensation and directors'' fees.

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  L Catterton invests Rs 1,895 crore in Reliance Jio Platforms

  June 14, 2020 10:59 IST

  Reliance Industries Limited (RIL) and Jio Platforms Limited, Indias leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.

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  Fuel Prices Today: Petrol, diesel price hiked for 8th day in a row. Check revised rates

  June 14, 2020 10:36 IST

  Petrol and diesel prices were hiked on Sunday for the eight day in a row since state-owned oil companies returned to the normal practice of daily reviews after coronavirus lockdown.

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  Jio Platforms sell 0.39% stake to Consumer PE fund L Catterton for Rs 1,895 crore

  June 14, 2020 0:24 IST

  Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.

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  Jio Platforms sell 1.32% stake to TPG, L Catterton; raises Rs 1.04 lakh cr from global investments

  June 14, 2020 0:51 IST

  Global alternative asset firm TPG and consumer focused private equity firms L Catterton on Saturday bought 0.93 per cent and 0.39 per cent stake in Jio Platforms, investing a total of Rs 6,441 crore.

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  Digital transformation to be a key driver for growth due to shift in consumer behaviour

  June 13, 2020 16:36 IST

  Tata Consumer Products Limited (TCPL) sees 'digital transformation as a key driver' for growth of the company and it is strengthening capability in this area, according to the company's annual report. The Tata Group firm expects a long term shift in consumer behaviour due to the coronavirus pandemic, while in short term an increase at-home consumption with a reduction in orders for take-out or deliveries is expected.

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  Relaxations during lockdown didn't help retailers: Survey

  June 13, 2020 11:58 IST

  The staggered relaxations during the two-month-long nationwide lockdown did not have much of an impact on retail business and their businesses witnessed a severe contraction during the period, according to a survey by the Retailers Association of India (RAI).

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  Exempt tech workers from proposed visa restrictions in US: Nasscom

  June 13, 2020 10:35 IST

  Nasscom said as businesses reopen, it is important for the US to access talent critical to the recovery phase, and American enterprises need access to essential technology workers who are keeping critical infrastructure operating.