Business

India’s Oct retail inflation spikes to 4.62%

New Delhi,  A substantial rise in food prices lifted India’s October retail inflation to 4.62 per cent from 3.99 per cent in September, official data showed on Wednesday. Similarly, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in …

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BSNL to raise Rs 15000 cr through sovereign bonds next month

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New Delhi,  State run BSNL plans to issue sovereign bonds for raising Rs 15,000 crore next month, its chairman and MD P. K. Purwar has said. “We have written to DoT already asking for approval for the Rs 15,000 crore …

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NYSE operator ICE opens tech centre in Hyderabad

Hyderabad, Intercontinental Exchange Inc (ICE), a leading operator of global exchanges, including the New York Stock Exchange (NYSE) and clearing houses, and provider of data and listings services on Wednesday announced the launch of its India operations with the opening …

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Rupee tumbles 63 paise, falls to Rs 72 per dollar

Rupee at new low of 74.46/$

Mumbai,  The domestic currency ended sharply lower on Wednesday over weak macro numbers and soft capital market sentiments. The rupee slipped to its lowest in two months at Rs 72.09 a dollar from its previous close of Rs 71.46. The …

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Tata Motors’ October global wholesale down 19%

Mumbai, Automobile major Tata Motors Group on Tuesday reported a fall of 19 per cent in its global wholesales during October to 89,108 units, including the off-take for the Jaguar Land Rover (JLR). According to the group, its global wholesales of …

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Amazon launches ‘Project Zero’ in India to block counterfeits

New Delhi, In a bid to ensure that customers receive authentic goods when shopping on Amazon. Amazon on Tuesday announced to bring “Project Zero” to India. “Project Zero” introduces additional proactive mechanisms and powerful tools to identify, block and remove …

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Report says 2QFY20 GDP growth may slip to 4.7%

Mumbai,  Even as the government continues to stress that economic slowdown is cyclical in nature and a recovery will soon be visible, high frequency data suggests otherwise. After the poor IIP numbers, Kotak said on Tuesday that India’s 2QFY20 GDP …

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Second whistleblower fires more salvos at Infosys CEO

Bengaluru,  Unleashing a barrage of charges against Infosys Chief Executive Officer Salil Parekh, the second whistleblower fired more salvos at him, with the allegations ranging from his unaccounted travels to grabbing the company’s sponsored vantage point seats at the ATP …

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Sensex, Nifty end flat awaiting crucial macro data

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Mumbai,  Indian financial markets closed with minor gains on Monday as investors traded cautiously ahead of the release of September industrial production and manufacturing output data. Led by private banks and media stocks, Sensex closed 21.47 points higher at 40,345.08 …

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HDFC AMC, IGL hit 52-week high on entry into MSCI

Mumbai,  Scrips of HDFC Asset Management and Indraprastha Gas Limited on Monday surged to its 52 week high on the NSE after being included in the Morgan Stanley Capital International (MSCI) index last week. ICICI Prudential Life and DLF also …

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