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  Sensex drops over 300 points in early trade; Nifty tests 9,400 level

  May 29, 2020 10:21 IST

  Equity benchmark Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries amid weak cues from global markets. 

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  Crushing the coronavirus uncertainty will be the big 'unlock' for economies: Report

  May 29, 2020 8:41 IST

  Crushing the coronavirus uncertainty will be the big 'unlock' for economies around the world and to safeguard lives and livelihoods, restoring confidence is a must, according to a report by McKinsey & Co.

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  FDI in India jumps 13 per cent to record USD 49.98 billion in 2019-20

  May 28, 2020 23:13 IST

  Foreign direct investment (FDI) in India rose by 13 per cent - the sharpest pace in the last four fiscals - to a record of USD 49.97 billion in 2019-20, according to official data. The country had received FDI of USD 44.36 billion during April-March 2018-19.  

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  CBDT notifies revised Form 26AS, to now include real estate, share transaction details

  May 28, 2020 22:51 IST

  ​The income tax department on Thursday notified the revised Form 26AS, containing details of tax collected or deducted at source which will now include information pertaining to property and share transactions.

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  HarperCollins to publish Modi's letters to mother goddess

  May 28, 2020 18:45 IST

  Many letters that Prime Minister Narendra Modi as a young man wrote to mother goddess, whom he addressed as 'jagat janani', every night on varied topics will be published in a book form in English next month.

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  Google considering to buy 5% stake in Vodafone Idea: Report

  May 28, 2020 18:37 IST

  ​Global technology giant Google is "considering" to buy a stake of about 5 percent in Vodafone Idea, a report published in the Financial Times claimed today.

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  Rupee slips further by 5 paise to 75.76 against dollar on US-China tensions

  May 28, 2020 18:23 IST

  The rupee on Thursday declined by 5 paise to settle at 75.76 against the US currency as escalating tension between the US and China boosted the demand for the dollar.

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  PAN instant allotment facility launched: Here's how to get PAN in minutes

  May 28, 2020 18:11 IST

  Union Finance Minister Nirmala Sitharaman on Thursday launched a facility for instant allotment of PAN through Aadhaar based e-KYC. The facility will be available for those applicants who possess a valid Aadhaar number and have a mobile number registered in Aadhaar.

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  Sensex rallies 595 points; Nifty tops 9,450

  May 28, 2020 16:11 IST

  Equity benchmark Sensex rallied 595 points on Thursday, tracking gains in index-heavyweights HDFC twins, Reliance Industries, L&T and ICICI Bank amid positive cues from global markets.

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  BSE to discontinue liquidity enhancement scheme for equity derivatives from June 11

  May 28, 2020 16:06 IST

  Leading stock exchange BSE has said it will discontinue liquidity enhancement scheme (LES) for equity derivatives segment from June 11.

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  Gautam Adani sees COVID-19 as opportunity for faster transition to clean energy

  May 28, 2020 15:54 IST

  Billionaire Gautam Adani on Thursday said COVID-19 had an immediate economic impact but the pandemic presents an opportunity to design a new and faster transition to a low-carbon future as he expects the price of solar modules to drop further.

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  SBI cuts interest rates on fixed deposits by 40 bps | Check new rates

  May 28, 2020 15:41 IST

  Interest rate on deposits in the five years to up to 10 years tenor will be 5.40 per cent compared to 5.70 per cent. For senior citizens also, interest rates on retail term deposits across all tenors have been cut by up to 40 basis points.

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  Patanjali Ayurved's Rs 250 crore NCD issue fully subscribed within minutes of opening  

  May 28, 2020 13:35 IST

  Baba Ramdev-led Patanjali Ayurved's Rs 250 crore debentures issue got fully subscribed within three minutes of opening on Thursday.

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  Indian economy to contract 5 pc in FY21: S&P assumes COVID-19 peak by third quarter

  May 28, 2020 13:14 IST

  S&P said India has limited room to maneuver on policy support. The Reserve Bank of India has cut policy rates by 115 basis points but banks have been unwilling to extend credit. Small and mid-size enterprises continue to face restricted access to credit markets despite some policy measures aimed at easing financing for the sector.

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  IDFC First Bank launches video KYC facility for customers to open savings accounts

  May 28, 2020 12:59 IST

  IDFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office.

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  LIC's Pension Plan: LIC launches pension scheme that offers Rs 10,000/month for senior citizen

  May 28, 2020 12:52 IST

  LIC Pension Plan: Life Insurance Corporation of India (LIC), India's largest insurer has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY) for senior citizens aged 60 years and above. LIC's PMVVY pension scheme is non-linked and non-participating subsidized by the Centre.

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  Sensex rises over 200 points in early trade; Nifty tops 9,350

  May 28, 2020 9:55 IST

  Benchmarks are rising on account of short-covering by market participants ahead of May derivatives expiry, analysts said. However, investor sentiment continues to remain cautious as coronavirus cases have been on a rise in the country, they noted.

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  As interest rates decline, govt withdraws 7.75% taxable savings bonds scheme from today. Details her

  May 28, 2020 12:04 IST

  The government has decided to withdraw 7.75 per cent Savings (Taxable) Bonds scheme from the close of banking business on Thursday due to declining interest rates.

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  UCO Bank slashes lending rate by 40 basis points

  May 27, 2020 22:17 IST

  UCO Bank on Wednesday said it has reduced the repo based lending rate by 40 basis points to 6.90 per cent, reflecting the cut announced by the Reserve Bank of India (RBI). As a result, the retail and MSME loans would get cheaper by 40 basis points, the bank said. The city-based bank did not mention any changes to the deposit rates.  

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  WGC study finds 37% Indian women have never bought gold jewellery

  May 27, 2020 21:05 IST

  Around 37 per cent of Indian women have never bought gold jewellery but are interested in doing so in the future, a report said. The report, by the World Gold Council (WGC), added that most of these potential buyers are from the rural areas.

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  Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over

  May 27, 2020 20:50 IST

  Commerce and Industry Minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implementation plans as worst for the economy is over and revival is in the air.

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  SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS

  May 27, 2020 20:36 IST

  SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments.

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  Bajaj Allianz Life to offer loan against insurance to policyholder

  May 27, 2020 20:23 IST

  While the government, Reserve Bank of India and financial institutions are taking various measures to provide immediate financial support, customers can also turn to their Bajaj Allianz Life Insurance policy for availing a loan against their insurance policy, in these times, the company said in a statement.  

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  Axis Bank shares jump over 14 pc amid fund infusion buzz

  May 27, 2020 19:23 IST

  Shares of Axis Bank on Wednesday zoomed over 14 per cent amid reports of fund infusion by private equity firm Carlyle.

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  Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

  May 27, 2020 19:12 IST

  The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law.

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  Sensex rallies 996 pts ahead of F&O expiry; Nifty tops 9,300

  May 27, 2020 17:50 IST

  The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.

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  MSMEs set new world record for largest online business lesson

  May 27, 2020 17:40 IST

  Nearly 4 lakh entrepreneurs from MSME sector attended a training session for rebuilding businesses post COVID-19 to create a Guinness World Record of the largest online business lesson, which was viewed for over 98 lakh minutes.

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  Liquor shops in Kerala to open from tomorrow

  May 27, 2020 20:34 IST

  Kerala government announced on Wednesday to allow the opening of liquor outlets in the state from 9 am to 5 pm starting Thursday.