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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.

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  Amazon provides free COVID-19 health insurance for its sellers

  May 27, 2020 16:26 IST

  Amazon.in on Wednesday announced that it was providing a COVID-19 health insurance, completely free of cost, for its sellers in India The insurance will help cover the expenses related to COVID-19 hospitalization and treatment as well as ambulance assistance and ICU charges.

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  Mukesh Ambani’s youngest son Anant joins Jio Platforms as director, says 'Reliance meri jaan hai'

  May 27, 2020 14:57 IST

  Anant Ambani, the youngest son of Mukesh Ambani, has formally joined the Reliance Industries's digital venture Jio Platforms as an additional director. RIL's Jio Platforms has been in the news for the past few weeks as it received billions of dollars of investment from Facebook, KKR, Vista and others.

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  Sensex surrenders opening gains, drops over 60 pts; Nifty near 9,000 level

  May 27, 2020 10:00 IST

  In the previous session, the BSE barometer declined 63.29 points or 0.21 per cent to end at 30,609.30, while the broader Nifty closed 10.20 points or 0.11 per cent down at 9,029.05.

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  Bharti Telecom sells 2.75 per cent stake in Airtel for Rs 8,433 crore to institutional investors

  May 26, 2020 19:52 IST

  Promoter firm Bharti Telecom has sold 2.75 per cent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore, the company said on Tuesday.

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  Earnings of Sensex companies to decline up to 8 per cent: Analyst

  May 26, 2020 16:18 IST

  Earnings of BSE Sensex companies will contract by up to 8 per cent in 2020-21 on the broader economic worries, and hopes of gains in equities should be pinned on a decrease in infections or a fiscal stimulus, an analyst said on Tuesday.

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  Maruti Suzuki partners ICICI Bank to offer customized EMI financing schemes to customers

  May 26, 2020 16:11 IST

  As part of the tie up, ICICI Bank is offering flexi EMI scheme which enables customers to pay low EMI initially, in order to help them overcome the liquidity stress due to the COVID-19 pandemic.

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  Reliance Industries rights issue ends in a week: 5 reasons why you should subscribe to it

  May 26, 2020 15:04 IST

  Reliance Industries' Rs 53,125 crore mega rights issue opened for subscription by shareholders on Wednesday. It became the first issue where eligible shareholders got the rights entitlements (REs) in demat, which could be traded on stock exchanges.

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  Booze in 60 minutes! Zomato starts home delivery of liquor in Odisha

  May 26, 2020 16:09 IST

  Food delivery platform, Zomato is starting home delivery of liquor in Odisha from today, after Jharkhand. The new Zomato Wine Shops service will be available to customers on the home page of the app.

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  TVS Motor implements temporary pay cuts for employees

  May 26, 2020 11:50 IST

  TVS Motor Company has cut staff salaries by up to 20 per cent for a period of six months, beginning May, amid coronavirus pandemic. 

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  Sensex rallies over 400 points in opening session; Nifty tops 9,100

  May 26, 2020 10:25 IST

  Equity benchmark Sensex rallied over 400 points in early trade on Tuesday led by gains in index-heavyweights HDFC twins, ITC and Reliance Industries amid positive cues from global markets. 

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  Siyaram sets Guinness World Record for online Textile Mahakumbh

  May 25, 2020 21:47 IST

  Textile brand in men's fashion Siyaram's on Monday said Textile Mahakumbh attracted over 50,000 retailers across the country, and entered Guinness World Records for 'most viewers for a retail management YouTube live stream' at the peak viewership of 11,214 viewers.

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  As Tirupati temple struggles to pay staff, 50 immovable properties to be auctioned

  May 25, 2020 19:09 IST

  To revive its financial condition, Tirumala Tirupati Devasthanams (TTD) has decided to auction 50 immovable properties in Andhra Pradesh, Tamil Nadu, and Uttarakhand. 

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  Kotak Mahindra Bank slashes interest rate on savings deposits

  May 25, 2020 18:09 IST

  From Monday, daily balance of over Rs 1 lakh will earn 4 per cent interest as against the 4.50 per cent earlier, while those under that threshold will earn 3.50 per cent, the bank said.

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  Toyota to resume manufacturing operations from Tuesday

  May 25, 2020 17:25 IST

  ​Toyota Kirloskar Motor (TKM) on Monday said it will resume manufacturing operations at its Bidadi (Karnataka) plant from Tuesday. 

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  HDFC Ltd Q4 profit declines 10 pc to Rs 4,342 cr

  May 25, 2020 16:25 IST

  Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31.

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  Lockdown extensions economically disastrous, creating another medical crisis: Anand Mahindra

  May 25, 2020 16:41 IST

  Mahindra Group Chairman Anand Mahindra on Monday said lockdown extensions are not just economically disastrous but also create another medical crisis.

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  HDFC Bank offer: Holding HDFC credit, debit card? You can save up to Rs 2000 on buying AC, coolers o

  May 25, 2020 14:49 IST

  Are you HDFC Bank’s credit and debit card user? Then here is a special offer for you where you can save up to Rs 2000 while shopping online on Flipkart. HDFC Bank customers can save up to Rs.2000 on HDFC Bank Debit and Credit Cards, according to the official HDFC Bank website. Customer must know that this special offer is also applicable on EMI transactions.

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  Govt's wheat procurement surpasses last year's level of 34.1 mn tonnes despite COVID hurdles

  May 25, 2020 14:32 IST

  In a statement, the food ministry said the overall wheat procurement has touched 34.15 MT as on May 24 in the current marketing year, surpassing last year's figure of 34.13 MT.