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  HC restrains Emami from using label 'Glow & Handsome'

  August 18, 2020 20:28 IST

  The Bombay High Court, in a temporary order, has restrained FMCG firm Emami from selling any skincare product under the brandname containing the words "Glow and Handsome", saying that prima facie Hindustan Unilever (HUL) has used them first in its brands.  

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  Serum Institute working to raise Rs 7,500 crore for coronavirus vaccine development

  August 18, 2020 19:10 IST

  Serum Institute of India (SII), world's largest manufacturer of vaccines, is working to raise Rs 7,500 crore ($1 billion) fund for the development of coronavirus vaccine, a desperate need for the world.

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  3 life lessons we can learn from MS Dhoni shared by Anand Mahindra

  August 18, 2020 16:51 IST

  Mahindra Singh Dhoni is not just an Indian cricketing legend, but also a massive ambassador for the game of cricket. His achievements on the field have engraved his name in the blueprints on Indian cricket, which will long be remembered by the passionate Indian audience. His retirement, while was inevitable, came as a sad reality that hit the Indian public hard.

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  Gold Price Today: Gold jumps Rs 1,182, silver zooms Rs 1,587

  August 18, 2020 16:33 IST

  Gold prices jumped Rs 1,182 to Rs 54,856 per 10 gram on Tuesday in the national capital following rally in international prices of the yellow metal, according to HDFC Securities. 

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  Sensex rallies 478 points; Nifty tops 11,350

  August 18, 2020 16:25 IST

  The BSE Sensex ended 477.54 points or 1.26 per cent higher at 38,528.32, while the NSE Nifty surged 138.25 points or 1.23 per cent to 11,385.35.

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  Amid boycott China movement, Chinese central bank invests Rs 15 crore in ICICI Bank

  August 18, 2020 15:03 IST

  The Chinese central bank signed a cheque of Rs 15 crore in the private bank under the qualified institutional placement. China's central bank, People's Bank of China made an investment in ICICI Bank. The Chinese bank has emerged as one of the investors in ICICI Bank's Rs 15,000 crore capital raising exercise which ended last week.

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  Petrol prices on rise again

  August 18, 2020 14:22 IST

  In the national capital, petrol prices rose for third consecutive day on Tuesday by 17 paisa to Rs80.90 a litre. Pump prices of petrol rose by 14 paisa a litre on Sunday breaking a 47-day pause since June 29.

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  Yes Bank committed to culture of accountability; working on risk, governance after bailout: New CEO

  August 18, 2020 13:02 IST

  ​Under a new management, Yes Bank has overhauled its risk and governance frameworks to save itself from reputational risks and come out as a brand committed to integrity, its chief executive and managing director Prashant Kumar has said.  

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  Now Oracle joins the race to acquire TikTok: Report

  August 18, 2020 11:49 IST

  In an interesting turn of events, Cloud major Oracle has entered the race to acquire TikTok as US President Donald Trump issued an executive order to direct China-based ByteDance to sell its TikTok business in the US within 90 days.

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  300 Pizza Hut restaurants to shut

  August 18, 2020 10:08 IST

  ​As many as 300 Pizza Hut restaurants, most of them dine-in locations, will be closed. The decision, part of a deal between Yum Brands chain and its largest US franchisee NPC International, comes as millions of people are sheltering and eating at home.  

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  RBI to sell 3 govt securities totalling Rs 30,000 crore on August 21

  August 17, 2020 21:58 IST

  The Reserve Bank of India on Monday announced sale of three government dated securities totalling Rs 30,000 crore. The securities will be sold through the Reserve Bank of India's Mumbai office on August 21 (Friday).

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  Domestic gas prices may fall further in October

  August 17, 2020 18:26 IST

  CNG and piped natural gas prices could fall further this festive season, with price of domestically produced gas expected to come down in October by about 20 per cent to less than $2 per million British thermal unit.

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  Apple to Samsung: Over 20 companies to invest big in India as part of manufacturing shift from China

  August 17, 2020 17:51 IST

  Facing a negative global perception amid pandemic, technology companies are mulling options to relocate production, manufacturing units to south Asian nations and what seems to work for India is its incentive-driven scheme that is attracting major players including Samsung, Apple, others.

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  Gold rises by Rs 340, silver jumps Rs 1,306

  August 17, 2020 17:11 IST

  Gold prices rose by Rs 340 to Rs 53,611 per 10 gram in the national capital on Monday, in line with firm international trend, according to HDFC Securities.

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  Taxpayers not required to disclose high-value transactions in ITR

  August 17, 2020 17:49 IST

  Only third parties would report high-value transactions to the I-T department as per the Income Tax Act. Such information would be used to identify people who are not paying up due taxes, and not for examining affairs of honest taxpayers.

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  Sensex, Nifty log 1st gain in four sessions

  August 17, 2020 16:06 IST

  After opening 185 points higher, the BSE Sensex was gripped by early volatility and swung about 386 points during the session.

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  ICICI Securities enables Indian customers to invest in US capital markets

  August 17, 2020 15:25 IST

  The alliance will enable ICICI Securities' more than 4.8 million clients to diversify their investments outside of the Indian market and access multi-asset investment opportunities through Interactive Brokers' trading platform.

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  Madame to launch six new stores as demand picks up in tier II cities

  August 17, 2020 13:18 IST

  Apparel retailer Madame on Monday announced the launch of six new stores seeing an uptick in demand in tier II cities across India, despite disruption caused by the COVID-19 pandemic. 

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  Petrol prices now on the run while diesel remains steady

  August 17, 2020 12:59 IST

  In the national capital, petrol prices rose for the second consecutive day by 16 paise to Rs 80.73 a litre. 

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  SpiceJet to induct its first Airbus A340 cargo aircraft in freighters fleet

  August 17, 2020 12:18 IST

  With the latest induction, SpiceJet will have a dedicated fleet of nine freighter aircraft consisting of five Boeing 737s, three Bombardier Q-400s and one Airbus A340.

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  Mukesh Ambani's RIL in talks to buy Milkbasket, Urban Ladder: Report

  August 17, 2020 12:44 IST

  ​Reliance Industries (RIL) may buy online furniture brand Urban Ladder and milk delivery platform Milkbasket. The company is in talks to acquire both, according to a TOI report.

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  SBI Alert! Insufficient balance? Here's how much bank will charge for failed ATM transaction

  August 17, 2020 11:13 IST

  State Bank of India (SBI), India's largest public sector bank has revised its ATM withdrawal rules with effect from 1 July. According to State Bank of India (SBI) official website i.e. sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. Beyond this, customers are charged on each transaction.

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  Battle of billionaires: Mukesh Ambani's Reliance and Jeff Bezos's Amazon set to clash on e-pharma

  August 17, 2020 9:26 IST

  The next big battle of billionaires Mukesh Ambani and Jeff Bezos is set to be on the e-pharma front. According to a report in the Live Mint, both the companies are looking to diversify into the e-pharma segment.

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  Govt not considering modifications in ITR form: Sources

  August 17, 2020 7:52 IST

  The government is not considering any modifications in the income tax return (ITR) form, sources have said, which would mean the taxpayers will not have to mention their high-value transactions in their ITR form. Any expansion in reporting under the statement of financial transactions (SFT) will mean that such reporting of high-value transactions to the income tax department will be done by financial institutions, the sources said.

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  Government of Singapore increases stake in ICICI Bank

  August 16, 2020 16:57 IST

  The Government of Singapore has increased its stake in ICICI Bank as it took up 11.08 per cent stake in the latest qualified institutional placement (QIP) of the bank's shares with an investment of Rs 1,662.71 crore.

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  Private train operators given freedom to choose halt stations: Railways

  August 16, 2020 16:25 IST

  The private operators also have to provide the time in and time out at the intermediate railway stations, which shall form part of the train operation plan.

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  COVID-19 triggers once in-a-century crisis; economy may contract in FY21: Birla

  August 16, 2020 16:23 IST

  Hindalco Industries Chairman Kumar Mangalam Birla has said COVID-19 and associated lockdowns have triggered a once in-a-century crisis for the society and the economy and the country's GDP may contract in 2020-21.

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  FinMin working on norms for salaries of retired central govt officials re-appointed on contract

  August 16, 2020 14:48 IST

  The finance ministry is working on norms to regulate salary paid to retired central government employees re-appointed on contract and has proposed keeping nomination-based appointments at "bare minimum".