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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.

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  Maruti records 86 per cent slump in May sales at 18,539 units

  June 01, 2020 12:20 IST

  The country’s largest carmaker Maruti Suzuki India (MSI) on Monday reported a 86.23 per cent decline in total sales at 18,539 units in May. 

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  Sensex rallies over 900 pts in opening session; Nifty tops 9,800

  June 01, 2020 11:32 IST

  Equity benchmark Sensex rallied over 900 points in early trade on Monday, driven by gains in HDFC twins, ICICI Bank and Reliance Industries amid firm cues from global markets.

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  Yes Bank acquires 24 per cent stake in Dish TV following invocation of pledged shares

  June 01, 2020 10:54 IST

  Yes Bank on Sunday announced that it has acquired over 24 per cent stake in Dish TV India following invocation of pledged shares due to debt default by the DTH service provider and other group firms.

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  LPG Gas Rate: Non-subsidised LPG cylinder price hiked from today. Check revised rate

  June 01, 2020 10:47 IST

  "For the month of June, 2020, there has been an increase in international prices of LPG. Due to the increase in the prices in the international market, the RSP (retail selling price) of LPG in Delhi market will be increased by ₹11.50 per cylinder," Indian Oil said in a statement.

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  MakeMyTrip to lay off 350 employees as tourism sector hit hard amid coronavirus crisis

  June 01, 2020 10:19 IST

  MakeMyTrip will be laying off 350 employees, as the Covid-19 pandemic on travel has hit hard to the travel industry. Group Executive Chairman Deep Kalra and Group CEO Rajesh Magow have written to employees, saying that they have analysed the impact closely over the last two months and spent time thinking about business recovery.

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  Adani Power board to consider delisting from BSE, NSE on Wednesday

  May 31, 2020 22:41 IST

  The company has received letter on May 29. 2020 (the "Delisting Proposal Letter") from Adani Properties Private Ltd (APPL),  a member of the promoter and promoter group of the Company, the filing said. 

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  Yes Bank restructures salary of senior leadership team

  May 31, 2020 19:35 IST

  Private sector lender Yes Bank on Sunday announced restructuring of salaries for senior leadership team, wherein nearly a third of their yearly compensation will be moved to the "variable pay" category.

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  MFs invest Rs 1,230 cr in equities during lockdown; keeping high liquidity for possible redemptions

  May 31, 2020 19:00 IST

  Mutual funds have invested just Rs 1,230 crore in stock markets during the lockdown and industry experts believe they are still waiting for a good "entry point" and maintaining high liquidity for any possible redemptions by corporate houses.

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  Should one buy property post-lockdown?

  May 31, 2020 18:47 IST

  Due to the COVID-19 pandemic, an economic crisis engendering high volatility in the capital markets is leading to investors losing their hard-earned money, at least for the time being. Most of the sectors have been badly affected due to the COVID-19 economic crisis

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  HSBC appoints Indian-origin strategy expert in United Kingdom

  May 31, 2020 18:37 IST

  London-headquartered HSBC has appointed an Indian-origin strategy expert to chart the bank’s growth plans in a post-pandemic scenario.

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  Neighbourhood kiranawala most preferred choice of consumers going forward

  May 31, 2020 14:55 IST

  The nearest kiranawala has emerged as the most preferred choice for majority of consumers during the lockdown, a survey has shown. Majority of the consumers in India want to buy from locally sourced items going forward that reflects the trust built by kiranas during the lockdown, according to a survey and things are not going to change any time soon as India prepares to restart the economy from June 1.

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  COVID-19 fallout: LIC listing, IDBI Bank stake sale may be postponed

  May 31, 2020 14:22 IST

  Listing of Life Insurance Corporation (LIC) and sale of government's stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic, news agency PTI reports quoting sources.

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  NHAI to develop 57 stretches as model national highways

  May 31, 2020 14:14 IST

  Plans are afoot to develop 57 highway stretches near each state capital to serve as model national highways, an NHAI official said. 

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  Mukesh Ambani's Reliance Industries on track to achieve zero net debt: Report

  May 31, 2020 12:27 IST

  Riding on the Rs 1.3 lakh crore in aggregate fund raising in the last few weeks, Reliance Industries is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed, a brokerage report said.

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  ITR: CBDT issues Income Tax Return forms 1 to 7 for FY 2019-20. Details here

  May 31, 2020 10:33 IST

  ITR for AY 2020-21: The Central Board of Direct Taxes (CBDT) has today notified Income Tax Return forms 1 to 7 for the Financial Year 2019-20 (Assessment Year 2020-21). The new notification announces rule changes in the Income Tax Rules 2020.

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  IDBI Bank posts Rs 135 crore profit in Q4

  May 30, 2020 18:01 IST

  Turning the corner, IDBI Bank on Saturday posted a profit of Rs 135 crore for the March quarter on account of recoveries from bad loans. The lender reported a profit after 13 straight quarters of net losses.

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  Maruti Suzuki extends service, warranty support for customers till June end

  May 30, 2020 15:34 IST

  The company has decided to offer the free service, warranty and extended warranty to the customers till June end, whose validity is expiring in May.

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  India's economic revival may take 6 months, say business leaders

  May 30, 2020 14:35 IST

  India will emerge stronger from multiple crises of economy, pandemic and super cyclone in the next 6-9 months, say industry leaders, based on the resilience shown by people, businesses and the government.

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  Sebi extends power of attorney norms implementation date to August 1

  May 30, 2020 10:46 IST

  In a bid to curb the misuse of power of attorney (POA) given by the clients to the trading member (TM) or clearing member (CM), Sebi had prescribed that margin obligations to be given in the form of securities by the client will be by way of pledge or re-pledge in the depository system.

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  India's forex reserves rise by over $3 billion

  May 30, 2020 9:28 IST

  India's foreign exchange reserves rose by over $3 billion during the week ended May 22. According to the RBI's weekly statistical supplement, the overall forex reserves increased to $490.044 billion from $487.039 billion reported for the week ended May 15.