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  Amazon India expands packaging-free shipping to over 100 cities

  June 03, 2020 12:51 IST

  Amazon India on Wednesday announced that it has expanded its Packaging-Free Shipping (PFS) initiative to more than 100 cities in the country. PFS is a sustainable packaging solution in which customer orders are shipped in their original packaging without any additional packaging or significantly reduced packaging, it said in a statement.

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  Despite concerns, Zoom sales boom amid COVID-19 pandemic

  June 03, 2020 11:46 IST

  Surrounded by concerns over privacy and security issues, video meet app Zoom has reported $328.2 million in revenue for its quarter that ended April 30, up 169 per cent (year-over-year) as more people join its platform in the social distancing times.

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  Sensex rallies over 500 points in early trade; Nifty reclaims 10,100-level

  June 03, 2020 10:11 IST

  Bajaj Finance was the top gainer in the Sensex pack, rising around 6 per cent, followed by ICICI Bank, Axis Bank, IndusInd Bank, ONGC, Tech Mahindra and HDFC Bank.

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  Indian economy to contract 10% this fiscal: Former finance secretary

  June 02, 2020 23:08 IST

  Former finance secretary Subhash Chandra Garg on Tuesday said the Indian economy will shrink by 10 per cent or Rs 20 lakh crore in the ongoing fiscal, the first contraction in over 40 years, due to a "faulty" COVID lockdown.

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  SBI cuts savings bank deposit rates by 5 basis points to 2.70%

  June 02, 2020 21:58 IST

  The country's largest lender State Bank of India (SBI) has reduced interest rate on savings bank deposits by 5 basis points to 2.70 per cent per annum across all brackets.

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  Market logs 5th straight gains on economic recovery hopes

  June 02, 2020 17:22 IST

  ​Benchmark indices continued their winning run for the fifth straight session on Tuesday as staggered opening of the economy and the prime minister assuring of more support to the industry restored investor confidence.

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  IndiGo posts Rs 871 crore quarterly loss due to COVID-19

  June 02, 2020 16:20 IST

  InterGlobe Aviation IndiGo on Tuesday reported a loss of Rs 870.8 crore in the three months ended March.

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  Sensex rallies 522 points; bank stocks shine

  June 02, 2020 16:16 IST

  Equity benchmark Sensex rallied 522 points on Tuesday led by gains in banking stocks as investors seemed to gather more confidence from staggered opening of the economy by the government.

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  Realme sells over 15K Smart TVs in 10 mins, launching 55-inch TV soon

  June 02, 2020 15:04 IST

  Chinese brand Realme on Tuesday sold over 15,000 smart in less than 10 minutes on its first sale on both Flipkart and Realme.com, which is the fastest sale ever in the TV category on Flipkart.

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  Rs 99 deducted, Vodafone-Idea customers lodge complain on Twitter

  June 02, 2020 15:11 IST

  Vodafone customers on Tuesday complained over an unexplained deduction of Rs 99 from their prepared accounts. Several Vodafone customers reported deduction of an amount of Rs 99 after which many of them took to Twitter to raise the matter.

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  Should one opt for job loss insurance during COVID-19?

  June 02, 2020 17:09 IST

  Due to COVID-19 pandemic, mostly all sectors are going through a lack of work and production /manufacturing predicament which is leading to financial crisis and job loss in the country. From the last two months, we have seen that most of the companies have cut salary, done lay-offs or closed their production/work for the time being.

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  Sensex surges over 300 points in early trade; Nifty tops 9,900

  June 02, 2020 10:01 IST

  Equity benchmark Sensex jumped over 300 points in early trade on Tuesday, led by index-heavyweights Kotak Bank, HDFC, TCS and Reliance Industries amid positive cues from global markets. 

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  Railway finds new technique to make PPE kits to improve reliability

  June 02, 2020 9:52 IST

  Railways, which runs India's largest public transport network have found new technique to manufacture making PPE kits using stitching with hot air seam sealing tape for higher reliability.

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  India's drug regulator grants Gilead Sciences marketing authorisation for remdesivir

  June 02, 2020 7:24 IST

  India's drug regulator has granted US pharma giant Gilead Sciences marketing authorisation for its anti-viral drug remdesivir for "restricted emergency use" on hospitalised COVID-19 patients in view of the crisis posed by the pandemic. 

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  Liquor shops in Delhi can now open daily, no odd-even rule

  June 01, 2020 23:01 IST

  "Liquor shops will now remain open from 9 am to 8 pm in Delhi," a government official said

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  Wipro anticipates lower gross margins in short-term amid COVID-19 pandemic

  June 01, 2020 21:51 IST

  IT major Wipro anticipates a decrease in its gross margins in the short-term due to lower demand for IT products and delay in customers' purchasing decisions, resulting from the ongoing COVID-19 pandemic, as per a regulatory filing.  

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  CNG price in Delhi hiked by Re 1 per kg

  June 01, 2020 21:49 IST

  CNG price in the national capital and adjoining cities on Monday was hiked by Re 1 per kg to make up for the additional cost incurred to keep stations coronavirus ready

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  Two microfinance firms raised Rs 170 crore during lockdown: MFIN

  June 01, 2020 21:18 IST

  Microfinance Institution Network (MFIN) on Monday said two companies have raised a total of Rs 170 crore during the COVID-19 pandemic, reflecting confidence in the sector

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  Honda Cars reports 97 pc decline in domestic sales in May

  June 01, 2020 21:10 IST

  Honda Cars India Ltd (HCIL) on Monday reported a 96.72 per cent decline in domestic sales to 375 units in May amid the coronavirus-induced lockdown

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  GST Council to discuss waiver of late fee for August 2017 to January 2020

  June 01, 2020 21:08 IST

  The GST Council in its next meeting will discuss waiver of late fee for non-filing of GST returns for August 2017 to January 2020 period. In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said, "Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting."  

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  Atmanirbhar Bharat: Profits from exports by MSMEs to be excluded from overall turnover

  June 01, 2020 23:09 IST

  Profits derived from the exports of products by micro, small and medium enterprises (MSME) will be excluded from the overall turnover of a company, said Union Minister incharge of MSME sector Nitin Gadkari

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  In a first, MSP on 14 Kharif crops increased by 50 to 83 per cent

  June 01, 2020 23:09 IST

  In its first cabinet meeting after the completion of an year in office, the cabinet of Prime Minister Narendra Modi has decided to increase the minimum support price of 14 different crops, which will result in the farmers reaping a profit of 50 per cent or more on their yield

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  Sensex soars 879 pts as India begins to unlock; Nifty tops 9,800

  June 01, 2020 16:49 IST

  Equity benchmark Sensex surged 879 points on Monday, driven by gains in Reliance Industries, HDFC twins and TCS as investor optimism heightened after the government began the process of unlocking the economy.

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  BSE launches options on gold mini, silver kg

  June 01, 2020 15:54 IST

  In its endeavour to offer new products to commodity market participants and to deepen the market ecosystem, the BSE on Monday launched options on goods contracts like gold mini and silver kilo.

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  HDFC Bank extends loan EMI moratorium till August: Here's how to avail

  June 01, 2020 14:57 IST

  HDFC Bank announced that it has extended the loan moratorium and credit card outstanding moratorium by another 3-months for its customers to help them sail through the disruption caused by coronavirus pandemic. The Reserve Bank of India last week had extended the moratorium on loan repayments by three more months, till August 31.

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  Himachal Pradesh hotels to reopen after June 8 but...: CM Jai Ram Thakur

  June 01, 2020 14:55 IST

  Himachal Pradesh Chief Minister Jai Ram Thakur spoke with India TV during its special coverage #CMsOnIndiaTV and discussed the road ahead in the state for unlock 1 as country begins to exit from lockdown in a phased-wise manner. Speaking on the tourism industry, Chief Minister said that it has been hit hard due to COVID-19 but its revival will take time.

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  Adani Ports raises Rs 100 cr through NCDs

  June 01, 2020 13:21 IST

  Adani Ports and Special Economic Zone (APSEZ) on Monday said it has raised Rs 100 crore through allotment of NCDs on a private placement basis.

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  Who is Ashwini Bhatia - frontrunner for State Bank of India's next MD

  June 01, 2020 13:01 IST

  Ashwini Bhatia has emerged as the frontrunner for the post of State Bank of India's managing director. Bhatia name for next SBI MD was recommended by the Banks Board Bureau (BBB) on Saturday. The Banks Board Bureau was formed by Prime Minister Modi in 2016 and acts as a headhunter for state-owned banks and financial institutions.