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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. 

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  Mukesh Ambani's JioMart now live across India: All about Reliance's JioMart online grocery service

  May 25, 2020 12:49 IST

  Mukesh Ambani’s Reliance Industries Ltd has launched an online grocery service, JioMart across India, after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan. Reliance's JioMart is expected to challenge its rivalling Amazon.com's local unit and Walmart Inc's Flipkart in the huge Indian market.

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  Air India can resume non-scheduled international flights with middle seats booking for 10 days: SC

  May 25, 2020 12:48 IST

  Air India shall be allowed to operate non-scheduled foreign flights with middle seats booking for next 10 days, Supreme Court has ordered after hearing an urgent plea filed by Centre and Air India against Bombay High Court order to keep middle seats vacant in international flights.

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  Electricity consumption in India slowly returning back to pre-lockdown levels

  May 25, 2020 10:34 IST

  Power demand in India, which had gone down during the lockdown period due to several industries, businesses temporarily suspended operations, has got back to the pre-lockdown levels.

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  ITC to acquire spice manufacturer Sunrise Foods Pvt Ltd

  May 25, 2020 9:01 IST

  ITC Ltd has entered into a share purchase agreement (SPA) to acquire 100 per cent of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices.

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  Gold imports dip for fifth consecutive month in April, fall by almost 100 per cent

  May 24, 2020 20:28 IST

  India's gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavirus outbreak.

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  Bank of Maharashtra sanctions Rs 2,789 cr loans to MSMEs, others

  May 24, 2020 17:07 IST

  State-owned Bank of Maharashtra on Sunday said it has sanctioned loans worth Rs 2,789 crore to MSME, self-help group, agricultural and retail borrowers to help them meet their liquidity mismatches caused due to coronavirus crisis.