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  Air India gets 6 crore hits in 2 hours as international bookings begin for Vande Bharat phase 3

  June 06, 2020 12:29 IST

  The Air India website received an 'overwhelming' demand form travelers as it opened its portal for the booking for 300 international flights to destinations in countries including the US and the UK.

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  Defying COVID-19, Jio Platforms raises Rs 92,202 crore in six weeks

  June 06, 2020 11:24 IST

  Reliance Industries Ltd and Jio Platforms Ltd announced on Friday that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms.

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  Eveready says COVID-19 to hit profitability in short term; in talks with lenders for fund infusion

  June 05, 2020 21:30 IST

  Battery and lighting equipment major Eveready Industries on Friday said the coronavirus pandemic will have an impact on its profitability in the short term and it is engaged in discussions with lenders to infuse additional fund to meet working capital gap and ensure no impact on its operations.

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  State Bank shares surge 9 per cent; m-cap jumps Rs 12,272 crore

  June 05, 2020 19:39 IST

  Shares of State Bank of India on Friday zoomed nearly 9 per cent after the company posted over four-fold jump in standalone net profit for March 2020 quarter.

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  India's forex reserves surge to all-time high of USD 493.48 billion

  June 05, 2020 19:28 IST

  The country's foreign exchange reserves surged USD 3.43 billion to a fresh all-time high of USD 493.48 billion for the week ended May 29 on a handsome accretion of the core currency assets, the Reserve Bank of India (RBI) said on Friday.  

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  Tata Group not looking to monetise investments, has enough cash, says Chairman N Chandrasekaran

  June 05, 2020 19:12 IST

  The USD 111 billion Tata Group is not looking to monetise investments to raise capital and has enough cash to support group firms, its Chairman N Chandrasekaran said on Friday as he sought to scotch speculations about the impact of the COVID-19 pandemic on the group's business.

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  GST Council to meet on June 12

  June 05, 2020 18:46 IST

  ​The GST Council is scheduled to meet on June 12 and likely to discuss the impact of the COVID-19 pandemic on tax revenues, sources said. The 40th meeting of the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state counterparts, will be held via video conferencing.

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  Rupee closes almost flat at 75.58 amid crude shock

  June 05, 2020 17:29 IST

  The rupee pared its early gains to close almost flat at 75.58 against the US currency on Friday due to dollar demand from banks and rising crude oil prices.

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  Govt 'clear and unapologetic' about privatisation of PSUs: Principal Economic Advisor

  June 05, 2020 16:49 IST

  The government is clear and unapologetic about privatisation of public sector enterprises as part of reforms, Principal Economic Advisor Sanjeev Sanyal said on Friday.

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  Atlas Cycles shuts operations at last manufacturing unit

  June 05, 2020 16:09 IST

  Atlas Cycles - a name that became a synonym for bicycles in India - has shut its last manufacturing unit in Sahibabad, just outside the national capital, citing lack of funds to run the factory. Its CEO N P Singh Rana, however, insists the shutdown is only temporary

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  PVR shares rise nearly 20 per cent as board members meeting draws close

  June 05, 2020 15:00 IST

  Despite no official call on the reopening of movie theatres in India, PVR shares have constantly risen over the last few days. As of 14:57 pm, June 8, PVR shares are up 19 per cent, a rise of Rs 204 per share.

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  Motor Insurance: Cars, bikes damaged in cyclone? Here's how you can file for claim

  June 05, 2020 13:43 IST

  If your cars and bikes have also suffered loss or damage due to strong winds, then this is for you. The cost incurred for the vehicles (car and bike) can be recovered by a motor insurance product.

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  Vande Bharat Mission: Air India to begin international bookings for 7 destinations today at 5 pm

  June 05, 2020 13:24 IST

  Air India might not have got a green light from the government to resume it's international operations, but it will begin international bookings to ferry stranded passengers to several destinations between June 9 and June 30 under the Vande Bharat Mission's third phase. The ticket booking will begin at 5 pm today. Passengers can book tickets to 7 international destinations in US and Canada. 

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  No new govt scheme to be approved for a year: Finance Ministry

  June 05, 2020 15:06 IST

  The Union Finance Ministry on Friday said that the government will not initiate any new scheme/sub-scheme, whether under delegate power to ministry including SFC proposals or through EFC should be initiated in 2020-21 except proposal announced under PM Gareeb Kalyan Package, Aatma Nirbhar Bharat Abhiyan Package and any other special packages.

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  Reliance Industries shares hit 52-week high after Abu Dhabi's Mubadala deal

  June 05, 2020 12:12 IST

  Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala. On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

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  Looking for a dream house? Home loan rates are at a 15-year low

  June 05, 2020 10:33 IST

  Home loan rates at a 15 year low. Time to go for your dream house!

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  A timeline of Reliance Jio's Rs 87,655 crore investment in 6 weeks

  June 05, 2020 11:09 IST

  Mukesh Ambani's Reliance Jio has received an investment worth whooping Rs 87,655 crore in the last 6 weeks. The most recent of the lot came in face of Rs 9,093 crore invested by Abu Dhabi based Mubadala investment company. Mubadala's investment in Reliance Jio will translate into 1.85 per cent equity state.

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  Sensex rallies over 350 points in early trade; RIL jumps 2 per cent

  June 05, 2020 10:02 IST

  In the previous session, the BSE barometer settled 128.84 points or 0.38 per cent lower at 33,980.70, while the broader Nifty slipped 32.45 points or 0.32 per cent to close at 10,029.10.

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  Abu Dhabi's Mubadala to invest Rs 9,000 cr in Mukesh Ambani's Reliance Jio Platforms

  June 05, 2020 8:58 IST

  With this investment, Mukesh Ambani's Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, in less than six weeks.

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  Delhi petrol dealers body demands roll back of hike in VAT, cites falling sales

  June 04, 2020 23:25 IST

  Delhi Petrol Dealers Association on Thursday demanded a roll back in the hike of VAT on petroleum products, saying the increase has led to a 79 per cent decline in diesel sales in the month of May.

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  FICCI fixes rates for COVID-19 treatment in associated private hospitals

  June 04, 2020 23:19 IST

  The COVID-19 response taskforce of FICCI and leading private hospitals associated with the industry body have developed an accounting methodology to bring in standardisation of cost of coronavirus treatment in the national interest.

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  Rupani unveils Rs 14,000-crore 'Gujarat Atmanirbhar' package

  June 04, 2020 23:15 IST

  The Gujarat government on Thursday announced a relief package of Rs 14,000 crore to help revive the economy battered by the lockdown imposed to curb the spread of coronavirus, a measure that includes tax rebates to consumers and loan subsidy for business and shop owners.

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  Bank NPAs may worsen to 11.6% by end of this fiscal due to coronavirus pandemic: Report

  June 04, 2020 18:56 IST

  ​Gross non-performing assets (NPAs) of banks are likely to worsen to 11.3-11.6 per cent by the end of this financial year from 8.6 per cent as of March 2020, due to disruptions caused by the coronavirus pandemic, according to a report.

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  Is Amazon buying $2 billion stake in Bharti Airtel?

  June 04, 2020 17:30 IST

  Amazon is in "early-stage talks to buy a stake worth at least $2 billion in Bharti Airtel, India's third-largest telecom company, news agency Reuters reported quoting three sources with knowledge of the matter.

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  Sensex snaps 6-day winning run to end 129 points lower; bank stocks tank

  June 04, 2020 16:09 IST

  Snapping its six-day winning streak, equity benchmark Sensex closed 129 points lower on Thursday, dragged by losses in banking stocks amid weak cues from global markets.

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  Charging interest during moratorium is serious issue: Supreme Court

  June 04, 2020 15:07 IST

  The Supreme Court on Thursday while hearing the issue of charging interest on loans during the moratorium period, has asked the Ministry of Finance for its response on whether the interest could be waived or should it continue during the moratorium period.

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  Swiggy expands alcohol delivery to West Bengal after Jharkhand, Odisha

  June 04, 2020 13:53 IST

  After Jharkhand and Odisha, food ordering and delivery platform Swiggy on Thursday started home delivery of alcohol in Kolkata and Siliguri and plans to expand to 24 other cities across West Bengal

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  Karnataka invites Intel to set up chip-making units in state

  June 04, 2020 12:04 IST

  Karnataka Deputy Chief Minister C N Ashwath Narayan on Wednesday invited chip major Intel to set up manufacturing units in Mangaluru or Belagavi. "There is a port in Mangaluru while Belagavi is a few hours from a port in Goa," he was quoted as saying in a press release. The release referred to the connectivity through sea to export the chips made in Karnataka.