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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. 

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  Fuel Prices Today: Petrol price hiked by 59 paise per litre, diesel by 58 paise. Check revised rates

  June 13, 2020 10:33 IST

  Petrol, Diesel Price Today: Petrol price was hiked by 59 paise per litre while diesel by 58 paise. In seven hikes, petrol price has gone up by Rs 3.9 per litre and diesel by Rs 4.

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  18% GST ruling on 'Parotas' cooks up storm on social media

  June 13, 2020 9:24 IST

  What is the difference between a roti and a Paratha? Apart from the taste, it is 18 per cent GST that can be imposed on Parotas (or Parathas) because these need to be heated before consumption.

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  Wipro partners with Citrix, Microsoft on digital workspaces

  June 13, 2020 9:02 IST

  With the aim of driving business continuity for its customers, IT major Wipro on Friday said it will integrate a host of services offered by Citrix Systems and Microsoft to create high-performance virtual compute environments that leverage the power of Cloud architecture and next-generation digital workspace technology.

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  India's forex reserves cross $500 billion mark

  June 12, 2020 21:54 IST

  India's forex reserves cross $500 billion markIndia's forex reserves cross $500 billion markAccording to the RBI's weekly statistical supplement, the overall forex reserves increased to $501.703 billion from $493.480 billion reported for the week ended May 29.  

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  GST Council may discuss levying cess on pan masala, bricks at manufacturing stage in next meeting

  June 12, 2020 21:47 IST

  The GST Council may consider at the next meet levying cess on commodities like pan masala and bricks at the manufacturing stage itself, a move aimed at checking tax evasion and shoring up revenues.

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  Zydus Cadila inks licensing pact with Gilead for remdesivir

  June 12, 2020 21:16 IST

  Drug firm Zydus Cadila on Friday said it has signed a non-exclusive licensing agreement with Gilead Sciences Inc for manufacturing and distribution of remdesivir, a potential therapy for COVID-19.

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  Reliance Industries shares jump over 3 percent

  June 12, 2020 19:41 IST

  Shares of Reliance Industries on Friday reversed early losses and closed over 3 per cent higher, helping the benchmark indices to finish with gains.

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  Govt holds back full IIP data for April

  June 12, 2020 18:56 IST

  The government on Friday held back the release of complete data of index of industrial production for April, saying it is not appropriate to compare the IIP data with earlier months due to COVID-19 lockdown.  

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  SIP inflows hit 11-month low in May amid market volatility

  June 12, 2020 17:03 IST

  The mutual fund industry raised Rs 8,123 crore through the SIP route last month, lower than Rs 8,376 crore mopped up in April, according to the latest data from the Association of Mutual Funds in India (Amfi).

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  Markets recoup early losses; Sensex jumps 243 pts, Nifty tops 9,950

  June 12, 2020 16:25 IST

  Equity benchmark Sensex rebounded from a sharp selloff in early trade to finish 243 points higher on Friday, led by strong gains in Reliance Industries and a rebound in European markets.

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  AGR issue: Analysts say Bharti Airtel at lower risk, mixed views on Voda Idea sustainability

  June 12, 2020 16:13 IST

  Bharti Airtel is better placed to offer guarantees for securing staggered payments, if permitted, in the AGR matter where the Supreme Court has asked private telcos for road map on payment, timelines, and the security they can furnish, said analysts while airing mixed views on sustainability of Vodafone Idea.

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  GST Council meeting: Reduction in late fee for GST return filing; relief for small taxpayers

  June 12, 2020 16:22 IST

  As a measure to clean up pendency in return filing, the GST Council has reduced/waived late fee for non-furnishing FORM GSTR-3B for the tax period from July, 2017 to January, 2020. 

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  SBI Bank Online Account Open: SBI relaunches Aadhaar-based instant digital savings account via YONO

  June 12, 2020 14:41 IST

  The State Bank of India (SBI) on Friday relaunched its Aadhaar-based instant digital savings account facility for customers who want to open an online account using the Yono platform.

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  Happiest Mind Technologies files IPO papers with Sebi

  June 12, 2020 13:58 IST

  Happiest Mind Technologies Ltd has filed draft papers with markets regulator Sebi for its initial public offering (IPO). 

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  Sensex plummets over 1,100 points in early trade on global sell-of

  June 12, 2020 10:06 IST

  Witnessing a gap-down opening, equity benchmark Sensex plummeted 1,100 points in early trade on Friday tracking massive global sell-off fuelled by concerns over economic recovery and a second coronavirus wave in the US. 

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  Fuel Prices Today: Petrol price hiked Rs 3.31 in 6 days. Check revised rates

  June 12, 2020 10:30 IST

  Petrol, Diesel Price Today: The price of petrol was revised to Rs 74.57 per litre in Delhi from Rs 74.00 per litre, the diesel rate was increased to Rs 72.81 per litre, according to notifications from state-run Indian Oil Corporation.

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  RBI bars People's Co-operative Bank from granting fresh loans, accepting deposits for 6 months

  June 11, 2020 22:13 IST

  The Reserve Bank of India (RBI) on Thursday said it has barred Kanpur-based People's Co-operative Bank from granting fresh loans and accepting deposits for six months, due to its weak financial position.  

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  India growth to revive after containment of COVID-19: Niti vice-chairman

  June 11, 2020 21:59 IST

  India's economy will recover after the containment of the COVID-19 pandemic and the country will maintain its sound net external position, Niti Aayog vice-chairman Rajiv Kumar said on Thursday.

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  Airbnb launches initiative to boost domestic travel focusing on nearby destinations

  June 11, 2020 21:49 IST

  Online accommodation platform Airbnb on Thursday said it has launched an initiative to support economic growth through domestic tourism, as local travel has begun to recover from the impact of the COVID-19 pandemic.

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  IDFC Group sells entire stake in IDFC Securities for Rs 86 crore

  June 11, 2020 21:33 IST

  IDFC Ltd on Thursday announced that it has divested entire stake in its step-down subsidiary IDFC Securities Ltd for Rs 86 crore.  

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  Vodafone Idea tumbles 13 per cent, Bharti Airtel falls nearly 3 per cent

  June 11, 2020 19:04 IST

  Shares of Vodafone Idea and Bharti Airtel fell on Thursday, with the former tumbling 13 per cent, on a day when the Supreme Court asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the adjusted gross revenue (AGR)-related dues.

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  SC seeks road map from telcos on AGR dues, Vodafone says no money to even pay salaries

  June 11, 2020 17:23 IST

  ​The Supreme Court Thursday asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the Adjusted Gross Revenue (AGR) related dues as Vodafone Idea said that it does not have enough money to even pay salaries to its employees.  

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  Sensex plunges 709 pts on global sell-off; Nifty closes below 10k

  June 11, 2020 16:02 IST

  Equity benchmark Sensex plunged 709 points on Thursday, led by losses in Reliance Industries, HDFC Bank and ICICI Bank, as a selloff in global equities hit investor sentiment

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  AGR dues case: SC strikes down DoT's Rs 4 lakh cr demand in AGR case, says no case against PSUs

  June 11, 2020 15:02 IST

  A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from the PSUs and said that its verdict in the case was misinterpreted as the issue of their dues based on AGR was not dealt with by the apex court.

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  Mukesh Ambani gets 5.52 lakh shares in Reliance rights issue

  June 11, 2020 12:38 IST

  Billionaire Mukesh Ambani has got 5.52 lakh shares of his flagship firm Reliance Industries (RIL) in the just-concluded Rs 53,124 crore rights issue, according to the company's regulatory filing on Thursday.