The Indian rupee appreciated by 33 paise to 70.50 against the US dollar in early trade on Friday as gains in domestic equity market and positive developments on the US-China trade talk front strengthened investor sentiments. Forex traders said the news that the US and China are very close to […]
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Factory output shrinks, rising inflation at 5.5% begins to hurt
India’s industrial output shrank while inflation swelled, official data released on Thursday showed, highlighting challenges for policymakers battling an economic slowdown amid surging food prices. Factory output contracted 3.8% in October after shrinking 4.3% in September, in sharp contrast with an 8.4% expansion in October last year. Retail inflation continued […]
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India needs to demonstrate willingness to become part of global supply chain: US
India needs to demonstrate to the international community its willingness to become a part of the global supply chain by taking steps towards resolving larger market access issues, a top US diplomat has said. Speaking at a programme to commemorate the 60th anniversary of President Eisenhower’s Historic Visit to India, […]
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Sensex gains 74 points in early trade as crude oil eases
Market benchmark BSE Sensex on Wednesday climbed 74 points backed by gains in select private bank, financial and metal stocks amid easing global crude prices. The appreciating rupee and mixed leads from other Asian markets too influenced sentiment, traders said. The 30-share index was trading 74.04 points or 0.18 per […]
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GST Council may go for 3 rate slabs; could make phones and air travel pricier
The GST Council could reduce the four tax slabs that currently exist – 5%, 12%, 18%, and 28% – to three – 8%, 18%, and 28% – two government officials familiar with the matter said on condition of anonymity, adding that the move is aimed at increasing tax revenue by […]
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Tata Steel asks LGBTQ+ employees to declare partners, avail HR benefits
Taking a step to further reinforce the culture of inclusion and to enable Lesbian,Gay, Bisexual, Transgender and Queer (LGBTQ) community to have equal rights at the workplace, Tata Steel has rolled out a new Humen Resources (HR) policy that enables from the LGBTQ employees to declare their partners and avail […]
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Employees may soon get option to raise take-home pay by reducing EPF contribution
The organized sector employees may soon get an option of increasing their take-home salaries by reducing their monthly contribution to the employees’ provident fund (EPF). According to reports, the Social Security Code Bill, 2019, which has been approved by the cabinet and is likely to be tabled in Parliament this […]
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A mysterious Indian-origin tycoon behind a bid to save India’s Yes Bank
Erwin Singh Braich, the mysterious tycoon behind a $1.2 billion bid to rescue a beleaguered Indian bank, says he is Canada’s richest man with a story so fabulous that Netflix Inc. wants to tell it. There’s a less glittering account pieced together from interviews and court records: The son of […]
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Sensex, Nifty edge lower as investors lock in profits
Shares inched lower on Tuesday, led by losses in information technology stocks, as investors locked in profits in overbought shares towards the year end. The NSE Nifty 50 index was down 0.14% at 11,920.95 and the benchmark BSE Sensex fell 0.12% to 40,435.71 by 0417 GMT. “Valuations are higher than […]
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CGST falls short of budget estimate by 40 % in April-November
The Central GST collection fell short of the budged estimate by nearly 40 per cent during the April-November period of 2019-20, according to the data presented in the Parliament. The actual CGST collection during April-November stood at Rs 3,28,365 crore while the budgeted estimate is of Rs 5,26,000 crore for […]
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How your car may soon turn into a virtual ATM
Chris Ballinger came away from a year of crunching numbers at Toyota Motor Corp.’s Silicon Valley skunkworks convinced that his dream of automotive automation was no more fanciful than his bosses’ ambition to make a vehicle that can drive itself. So the former derivatives trader who spent 14 months as finance chief […]
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Sensex falls 70 pts in early trade, dragged by losses in financial, banking stocks
Equity benchmark BSE Sensex on Monday fell over 70 points in early trade, dragged mainly by losses in financial and banking stocks amid persistent foreign fund outflows. The 30-share index was trading 73.38 points or 0.18 per cent lower at 40,371.77 in morning trade; while the broader Nifty was trading […]
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Airtel, Vodafone Idea remove cap on free outgoing calls to other networks
Telecom operators Bharti Airtel and Vodafone Idea have removed cap from free outgoing calls on other networks under new plans for pre-paid customers that came into effect from December 3. Both the companies had earlier capped outgoing calls to network of other telecom operators at 1,000 minutes in plan with […]
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Consumer confidence in India weakens, lowest since 2014
Consumer confidence in India dropped to its lowest since at least 2014, the year Prime Minister Narendra Modi came to power. The current situation index fell to 85.7 in November from 89.4 in September, according to the Reserve Bank of India’s consumer confidence survey, where 100 is the dividing line […]
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Sensex, Nifty open on positive note as investors look beyond domestic factors
Equity benchmarks Sensex and Nifty nudged higher in opening deals on Friday as investors looked beyond domestic factors to focus on positive global sentiment. The BSE gauge Sensex moved 103.13 points higher to trade at 40,882.72 in opening deals; while the NSE barometer Nifty added 22.50 points to 12,040.90. On […]