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  Maruti ties up with Mahindra Finance to offer attractive car loan offers

  June 09, 2020 13:11 IST

  Maruti Suzuki India (MSI) on Tuesday said it has joined hands with Mahindra Finance for vehicle loans. As per the tie-up, customers can avail wide options for getting their car financed from Mahindra Finance

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  E-vote on winding up Franklin Templeton MF's debt schemes suspended

  June 09, 2020 11:26 IST

  Franklin Templeton Mutual Fund has said that the electronic voting process for winding up of six debt mutual fund schemes scheduled for June 9-11 stands suspended.

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  PVR shares decline nearly 5 % after Q4 earnings

  June 09, 2020 11:17 IST

  Shares of multiplex chain operator PVR on Tuesday fell nearly 5 per cent after the company reported a consolidated net loss of Rs 74.61 crore for the fourth quarter ended March 2020.

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  Sensex opens over 100 points higher, turns choppy on profit-booking

  June 09, 2020 10:04 IST

  Equity benchmark Sensex jumped over 100 points in early trade on Tuesday on optimism over reopening of the economy and unabated foreign fund inflows. 

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  Bike taxi booking app Rapido resumes operations in 100 cities

  June 09, 2020 9:20 IST

  Bike-taxi service provider Rapido on Monday said it has resumed normal operations in close to 100 cities in India following the new guidelines announced by the government for unlock 1.0.  

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  Petrol price hiked by 54 paise per litre, diesel by 58 paise for 3rd straight day

  June 09, 2020 9:25 IST

  Petrol price has been hiked by 54 paise/litre, while diesel by 58 paise for the 3rd straight day after oil PSUs ended 82-day hiatus in rate revision.

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  Rupee edges higher to close at 75.55 against US dollar

  June 08, 2020 21:14 IST

  The Indian rupee on Monday settled with a marginal 3 paise rise at 75.55 against the US dollar as sustained foreign fund inflows offset impact of rising crude oil prices on investor sentiment.

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  COVID-19 impact on revenue assessed at Rs 1,800 cr in Q4: L&T

  June 08, 2020 20:54 IST

  Engineering and construction giant Larsen & Toubro on Monday said COVID-19 impact on its revenue was assessed at Rs 1,800 crore during the quarter ended March 31. The conglomerate had shut down operations from March 25 in the wake of coronavirus pandemic.  

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  Global economy to plunge into worst recession since WW-II: World Bank

  June 08, 2020 20:50 IST

  ​The global economy, which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the coronavirus pandemic and the shutdown measures to contain it, the World Bank said on Monday. 

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  India's economy to contract by 3.2 per cent in fiscal year 2020/21: World Bank

  June 08, 2020 20:50 IST

  ​India's economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic activity.

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  RIL stock hits all-time high of Rs 1,624 defying naysayers

  June 08, 2020 19:59 IST

  ​As the stock price of Reliance Industries Limited (RIL) hit an all-time high of Rs 1,624 on the BSE, the RIL story has defied experts and naysayers who cast doubts on the share's instrinsic value and commented that the price will fall post rights issue that closed on June 3.

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  Sensex gives up early gains on profit-booking, ends 83 points higher; IndusInd Bank among top gainer

  June 08, 2020 16:10 IST

  IndusInd Bank was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Axis Bank, Bajaj Finance, ONGC, Titan, Infosys and Tech Mahindra.

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  Prolonged growth slowdown likely to hit India's external sector: SBI report

  June 08, 2020 14:42 IST

  As per SBI's research Ecowrap report, India is likely to end the current fiscal with current account surplus, if the oil prices in the international market remain subdued and do not show volatility during the course of the financial year.

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  Good News! Soon, you can withdraw cash from ATMs using your smartphone

  June 08, 2020 13:14 IST

  The ‘contactless' solution, currently under demo at interested banks, enables a customer perform all the steps required to withdraw cash from an ATM using the mobile app itself.

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  Paytm extends 'Postpaid' lending services to kiranas

  June 08, 2020 12:46 IST

  Digital payments major Paytm on Monday announced the expansion of its "Postpaid" lending services to make it easier for users to purchase products from neighbourhood kirana stores and other popular retail destinations such as Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, Shoppers Stop, among others.

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  Customs dept to roll out pan-India faceless assessment by Dec 31; starts in Chennai, Bengaluru

  June 08, 2020 11:46 IST

  The first phase would begin from June 8, 2020, at Bengaluru and Chennai, for items of imports primarily covered by Chapter 84, 85 of the Customs Tariff Act, 1975. The phased roll out plan envisages that faceless assessment shall be the norm pan-India by December 31, 2020.

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  Sensex rallies over 600 points in early trade; Nifty tops 10,300 level

  June 08, 2020 10:11 IST

  Equity benchmark Sensex rallied over 600 points in early trade on Monday led by gains in index-heavyweights Reliance Industries, HDFC Bank and ICICI Bank amid positive cues from global markets and sustained foreign fund inflow. 

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  Fuel Prices Today: Petrol, diesel price hiked by 60 paisa per litre. Check revised rate

  June 08, 2020 10:12 IST

  Petrol and diesel prices were hiked by 60 paisa per litre on Monday, for the second day in a row, as state-owned oil firms reverted to daily price revisions after a 83-day hiatus.

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  Reliance raises Rs 5,683.50 cr from ADIA; 8th deal for Jio Platforms in less than seven weeks

  June 07, 2020 21:01 IST

  Reliance Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Investment Authority (ADIA) for Rs 5,683.50 crore, taking the cumulative fund raising to Rs 97,885.65 crore that will help pare debt at the oil-to-telecom conglomerate.

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  Petrol, diesel price hiked by 60 paisa per litre after 83-day hiatus

  June 07, 2020 20:18 IST

  Petrol and diesel price was on Sunday hiked by 60 paisa per litre, as the state-owned oil firms restarted daily price revisions after a 82-day hiatus.

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  Kiran Mazumdar-Shaw named EY World Entrepreneur of 2020

  June 07, 2020 15:15 IST

  Biocon Executive Chairperson  Kiran Mazumdar-Shaw has been named EY World Entrepreneur of the Year 2020 at a virtual award ceremony, the company said in a statement. 

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  GST reduction, scrappage policy to help revive commercial vehicle industry: Ashok Leyland 

  June 07, 2020 14:06 IST

  Reduction in GST rate and introduction of scrappage policy would help in reviving the commercial vehicle sector which has been facing headwinds for quite some time now

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  Most urban Indians hopeful of jobs return post lockdown: Survey

  June 07, 2020 13:29 IST

  A majority of urban Indians are hopeful that lost jobs would return after the lifting of the lockdown restrictions, according to a survey by Ipsos.

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  Canara Bank cuts in repo-linked lending rate by 40 bps

  June 06, 2020 23:08 IST

  State-owned Canara Bank on Saturday announced reduction in its repo-linked lending rate (RLLR) by 40 basis points (bps) to 6.90 per cent.

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  Paytm reaches out to state govts on contactless food ordering at restaurants

  June 06, 2020 21:14 IST

  Digital payments major Paytm on Saturday said it has approached 10 state governments to promote contactless food ordering and payments, and to make these a part of the standard operating procedures for re-opening dine-in restaurants and takeaway joints.

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  Reddit co-founder Alexis Ohanian quits board, asks for black replacement

  June 06, 2020 18:20 IST

  Reddit co-founder Alexis Ohanian has resigned from the tech firm's board and urged the company to replace him with a black candidate.

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  Karnataka Bank reports Rs 285 crore fraud in four loan accounts

  June 06, 2020 15:24 IST

  Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

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  India imposes anti-dumping duty on Malaysian calculators for 5 years

  June 06, 2020 13:45 IST

  According to global trade norms, a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.