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  TVS Electronics posts Rs 9.75 cr loss in April-June

  August 08, 2020 23:15 IST

  IT hardware company TVS Electronics on Saturday posted a loss of Rs 9.75 crore for the first quarter ended on June 30, 2020, due to the impact of lockdown on business operations.

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  Zomato to have 10-day 'period leave' for female employees

  August 08, 2020 21:43 IST

  Zomato on Saturday said that it was introducing up to 10 days of 'period leaves' for women and transgender employees. Zomato founder and CEO Deepinder Goyal announced this in a blog post.

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  Mukesh Ambani is now 4th richest man in world. Full list of top 10 billionaires, and their net worth

  August 08, 2020 13:50 IST

  Billionaire Mukesh Ambani is now the world's fourth-richest man. The Bloomberg Billionaires Index showed Ambani, the chairman of oil-to-telecom conglomerate Reliance Industries, in the fourth position.

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  Zuckerberg's personal wealth touches $100 billion after Instagram Reels' launch

  August 08, 2020 9:55 IST

  Mark Zuckerberg's personal wealth hits $100 Billion after the launch of Instagram Reels this week. With the launch of the short-video making app, the Facebook stock rose by more than 6 per cent Interestingly, Zuckerberg holds a 13 per cent stake in the social networking giant.

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  Industry stalwarts hail Arvind Kejriwal’s ambitious Electric Vehicle Policy

  August 07, 2020 20:29 IST

  The ambitious Electric Vehicle Policy of the AAP government, launched by Chief Minister Arvind Kejriwal earlier today has received appreciation from the industry stalwarts across various sectors. The scheme was launched with an aim to boost Delhi's economy, reduce pollution levels in the city, and generate employment in the transport sector.

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  Petrol, diesel prices may rise again from next week

  August 07, 2020 20:07 IST

  Petrol and diesel prices may begin their rising trend all over again much to the discomfort of fuel consumers that have faced constant increasing prices since June 7.

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  Cipla Q1 net profit up 27 pc at Rs 566 cr

  August 07, 2020 19:44 IST

  Drug firm Cipla on Friday reported a 26.58 per cent rise in its consolidated net profit to Rs 566.04 crore for the quarter ended June on the back of robust sales.

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  UCO Bank reduces MCLR by 10 bps across tenors

  August 07, 2020 19:22 IST

  State-owned UCO Bank on Friday announced reduction in its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all the tenors. 

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  RBI sets up panel under Kamath to suggest steps to deal with coronavirus-related stressed assets

  August 07, 2020 16:46 IST

  The committee will submit its recommendations to the RBI, which will notify them along with modifications, if any, in 30 days.

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  Rupee settles nearly flat at 74.93 against US dollar

  August 07, 2020 16:40 IST

  The rupee ended almost flat at 74.93 (provisional) against the US dollar on Friday due to a caution prevailing in the forex market in view of mounting coronavirus cases and US-China trade tensions.

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  Sensex, Nifty end flat on muted global cues

  August 07, 2020 16:02 IST

  After touching a low of 37,787.38 during the day, the BSE Sensex settled just 15.12 points or 0.04 per cent higher at 38,040.57.

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  Loans to get cheaper as HDFC Bank cuts MCLR by 10 bps, effective from today

  August 07, 2020 15:20 IST

  HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday.

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  Gold Rate Today: Gold prices set new highs, crosses Rs 56,000 mark; silver rates surge

  August 07, 2020 15:01 IST

  Amid the global uncertainty, investment demand and supply concerns, touching fresh record levels has become the new normal for gold and silver prices. Continuing with the bull run, gold futures on Friday touched a new all-time high of Rs 56,191 per 10 gram.

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  Facebook allows employees to Work From Home until July 2021

  August 07, 2020 9:32 IST

  Facebook has allowed its employees to work from home until July 2021. The social media giant said it will give $1,000 to its employees to set up home offices.

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  LIC acquires close to 5 per cent stake in Yes Bank

  August 06, 2020 23:02 IST

  Yes Bank on Thursday said LIC has acquired close to 5 per cent shareholding in the bank by purchasing shares from the open market. With the fresh acquisition, the hold of LIC has increased from 0.75 per cent to 4.98 per cent, Yes Bank said in a regulatory filing.

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  RBI announces 'positive pay' feature to enhance safety of cheque payments | Here's how it will work

  August 06, 2020 21:34 IST

  Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application. 

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  AGR woes: Vodafone Idea Ltd Q1 loss mounts to Rs 25,460 crore on high provisions

  August 06, 2020 21:08 IST

  Vodafone Idea Ltd on Thursday reported widening of net loss to Rs 25,460 crore in the June quarter after it made additional provisioning to pay past statutory dues, and said its ability to continue as going concern hinges on the Supreme Court allowing more time to pay dues.  

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  No layoffs so far but surging COVID-19 cases in some states cause for concern: Bata chairman

  August 06, 2020 19:56 IST

  ​Bata India Chairman Ashwani Windlass on Thursday said it has not laid off any employee so far, but admitted that there is not much clarity on "where the footwear major is heading" amid the raging COVID-19 pandemic.  

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  Gold, silver prices touch record levels

  August 06, 2020 19:24 IST

  Gold and silver prices touched record levels in the national capital on Thursday and the yellow metal rose by Rs 225 to Rs 56,590 per 10 grams amid strong rally in the international market, according to HDFC Securities.

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  Wipro announces collaboration with Intel

  August 06, 2020 19:11 IST

  Wipro Limited announced on Thursday it will join forces with intel to enable Wipro's LIVE Workspace, the company's digital workspace solution with theIntel vProplatform.

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  Rupee settles flat at 74.94 against USD after RBI keeps rates on hold

  August 06, 2020 18:10 IST

  The rupee pared initial gains and settled on a flat note at 74.94 against the US dollar on Thursday after the RBI kept interest rates unchanged. At the interbank forex market, the domestic unit opened strong at 74.82 against the greenback, but lost ground during the day and finally settled at 74.94, unchanged from its previous close.

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  Sensex surges 369 points post RBI policy; Nifty tops 11,200

  August 06, 2020 16:11 IST

  Domestic equity benchmark Sensex surged 362 points on Thursday after the RBI left interest rates unchanged but maintained an accommodative stance to boost growth.

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  Inflation likely to be elevated in second quarter: RBI Governor

  August 06, 2020 13:13 IST

  The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year. 

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  RBI leaves repo rate unchanged at 4%

  August 06, 2020 12:41 IST

  Reserve Bank of India has kept the repo rate unchanged at 4 per cent. Governor Shashikanta Das announced this during his press conference.

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  Jeff Bezos sells over $3.1 billion worth Amazon shares

  August 06, 2020 10:28 IST

  Amazon CEO Jeff Bezos has sold over $3.1 billion worth of Amazon shares this week. This has taken his total cashout in 2020 so far to a massive $7.2 billion. In 2019, Bezos had sold $2.8 billion worth of Amazon shares. 

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  Inflation to remain elevated in Q2FY21, says RBI Governor Shaktikanta Das

  August 06, 2020 13:03 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.

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  RBI may go for status quo; announce other measures to boost growth

  August 05, 2020 21:35 IST

  The RBI may refrain from cutting the benchmark lending rate on Thursday but can announce other measures like restructuring of loans amid the urgency to revive the coronavirus-hit economy, experts said.

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  FutureBrand Index 2020: Reliance Industries ranked No 2 globally after Apple

  August 05, 2020 19:31 IST

  FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.