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  Yes Bank to exit mutual fund business; inks agreement for sale of subsidiaries

  August 21, 2020 17:39 IST

  Yes Bank on Friday said it will exit mutual fund business by selling its holdings in asset management and trustee subsidiaries.

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  Centre plans further stake sale in IRCTC via offer for sale

  August 21, 2020 17:14 IST

  The Central government is planning to sell part of its shares in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS). 

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  RBI at end of rate cut cycle, govt needs to play decisive role for eco recovery: SBI economists

  August 21, 2020 16:35 IST

  The Reserve Bank of India (RBI) had cut rates by 1.15 per cent in two moves since the onset of the pandemic in March this year in order to push economic growth, but surprised many by holding on to rates at the August review as inflation overshot its target.

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  Gold falls Rs 94 on global cues, silver up by Rs 782

  August 21, 2020 16:24 IST

  Gold prices declined by Rs 94 to Rs 52,990 per 10 gram in the national capital on Friday following selling pressure in the international market, according to HDFC Securities.

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  Sensex ends 214 points higher; Nifty tops 11,350

  August 21, 2020 16:00 IST

  Domestic equity benchmark Sensex jumped 214 points on Friday, led by buying in index-heavyweights HDFC twins and Asian Paints amid a rebound in global markets. 

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  Income Tax refunds worth Rs 88,652 cr issued to 24.64 lakh taxpayers so far this fiscal

  August 21, 2020 12:02 IST

  The Income Tax department on Friday said it has issued refunds worth Rs 88,652 crore to over 24 lakh taxpayers so far this fiscal.

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  Sensex rallies over 300 points in early trade; Nifty tops 11,400

  August 21, 2020 10:20 IST

  Domestic equity benchmark Sensex surged over 300 points in early trade on Friday led by gains in index-heavyweights HDFC Bank, Reliance Industries and Infosys amid strong cues from global markets. 

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  ESIC relaxes norms, to pay 50% of three months' wages to unemployed workers

  August 21, 2020 8:18 IST

  The Employees' State Insurance Corporation (ESIC) on Thursday relaxed norms to pay 50 per cent of average wages of three months as unemployment benefit to cope with job loss between March 24 and December 31 this year in view of the COVID-19 pandemic.  

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  Emirates to run repatriation flights between UAE and India till August 31

  August 21, 2020 8:10 IST

  Dubai-based Emirates airline has commenced repatriation flights between the UAE and India. The airline will operate flights to Bengaluru, Kochi, Delhi, Mumbai and Thiruvananthapuram from August 20 to August 31.  

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  Hike announces work from remote location amid coronavirus pandemic

  August 21, 2020 17:26 IST

  Messaging app Hike on Thursday announced that the company is adopting a Remote-first approach for the rest of 2020. However, those who voluntarily want to come to the office will have to follow strict guidelines to ensure social distancing and sanitation.

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  EPFO records 6.55 lakh net new enrolments in June

  August 20, 2020 21:04 IST

  Net new enrolments with retirement fund body EPFO rose to 6.55 lakh in June from 1.72 lakh during May 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis.

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  UPI, RuPay facility in international markets as NPCI launches subsidiary to go global: What we know

  August 20, 2020 18:57 IST

  To take highly popular Unified Payments Interface (UPI), RuPay to more countries, the National Payments Corporation of India (NPCI) has announced the launch of a subsidiary for its international growth ambitions.

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  Sensex tanks 394 points on global selloff; Nifty below 11,350

  August 20, 2020 16:23 IST

  Domestic equity benchmark Sensex plunged 394 points on Thursday, tracking a massive selloff in global markets after US Fed's gloomy economic outlook spooked investors across the world.  

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  RBI releases 'National Strategy for Financial Education: 2020-2025'

  August 20, 2020 14:57 IST

  The NSFE 2020-25 intends to support the Centre and financial sector regulators' vision of empowering various sections of society to "develop adequate knowledge, skills, attitudes and behaviour which are needed to manage their money better and to plan for the future".

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  Good news for job seekers! Google brings ‘Kormo Jobs’ app to India, to boost employment opportunity

  August 19, 2020 22:17 IST

  The tech giant, which introduced 'Jobs' last year in India as part of Google Pay to connect job seekers with opportunities in industries like on-demand businesses, retail and hospitality, said the offering will be rebranded to 'Kormo Jobs'.

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  Apple becomes first US company to be valued at $2 trillion

  August 19, 2020 21:48 IST

  Apple is the first US company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.

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  Rupee drops 6 paise to 74.82 on suspected RBI intervention

  August 19, 2020 19:16 IST

  The rupee pared its initial gains to settle 6 paise lower at 74.82 against the US dollar on Wednesday due to suspected RBI intervention and uncertainty ahead of the release of minutes of the US Federal Reserve meeting.

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  Vistara's first A321neo aircraft to enter commercial operations from Aug 19

  August 19, 2020 18:50 IST

  Vistara's first A321neo aircraft, received by the airline from Airbus last month, will enter commercial operations from Thursday. The aircraft's first flight would be on the Delhi-Chennai route, the full-service carrier said in a statement on Wednesday.

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  GST Council to meet on August 27 to discuss compensation payout to states

  August 19, 2020 18:35 IST

  Sources said the 41st meeting of the Goods and Services Tax (GST) Council would be a single agenda meeting on states' compensation to be held via video conferencing.

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  Gold Price Today: Gold declines by Rs 640, silver plunges Rs 3,112

  August 19, 2020 16:20 IST

  Gold prices fell by Rs 640 to Rs 54,269 per 10 gram in the national capital on Wednesday following decline in international prices of the precious metal, according to HDFC Securities. 

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  Sensex ends 86 points higher; Nifty tops 11,400

  August 19, 2020 16:00 IST

  Tech Mahindra was the top gainer in the Sensex pack, rising around 2 per cent, followed by Bharti Airtel, Maruti, ICICI Bank, SBI, HDFC Bank, Asian Paints and Reliance Industries.

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  Indian space technology startup Pixxel secures USD 5 million in seed funding

  August 19, 2020 15:57 IST

  Indian space-technology startup Pixxel said on Wednesday it has raised USD 5 million in a seed round led by Blume Ventures, growX ventures and Lightspeed India.

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  Yes Bank shares soar 5% on repayment of Rs 35,000 cr to RBI

  August 19, 2020 14:25 IST

  Yes Bank shares hit the 5 per cent upper circuit on Wednesday after its Chairman said the bank has repaid Rs 35,000 crore to the Reserve Bank of India (RBI) of the special liquidity facility provided by the Central bank.

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  CBDT meets officials to dispel doubts on faceless tax collection

  August 19, 2020 14:17 IST

  The government has assured income tax officials that implementation of the new faceless and contactless tax administration would not cause any large-scale movement of officers or officials and all the changes would be done within the existing manpower preferably at the existing locations.

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  India tablet market shipments grow 23% in Q2, Lenovo leads

  August 19, 2020 12:48 IST

  The strong demand during the lockdowns as work and learning shifted to homes fuelled the shipment of tablets in India by 23 per cent in the June quarter, a new report said on Wednesday. 

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  Tinder's CPO Brian Norgard, OLX Founder Fabrice Grinda invest in India's Chingari app

  August 19, 2020 11:55 IST

  Homegrown short video-sharing platform Chingari on Wednesday said it has raised funding from Chief Product Officer of Tinder Brian Norgard and OLX Co-Founder Fabrice Grinda.

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  Now gift an accident insurance policy, courtesy SBI General Insurance

  August 19, 2020 8:31 IST

  In a unique initiative, SBI General Insurance launched the first-of-its-kind 'Shagun' policy, which enables gifting of personal accident cover.

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  Reliance buys majority stake in Netmeds for Rs 620 crore, takes on Amazon in e-pharma biz

  August 19, 2020 11:35 IST

  Reliance Industries Limited's retail arm has acquired a majority equity stake in online e-pharma company Netmeds for about Rs 620 crore. Foraying into the e-pharma business, Mukesh Ambani-led company will now take on Amazon which entered the market last week.