Business

Sensex ends winning streak

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Mumbai, The Sensex on Tuesday ended the seven day winning streak with a 53 points loss after survey showed India’s service sector activity declined for the second straight month in October. Yes Bank ended as the top gainer on the …

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RCEP decision in best interests of India: Goyal

New Delhi,  Commerce minister Piyush Goyal on Tuesday said Prime Minister Narendra Modi has taken the best decision to opt out of RCEP keeping in mind the interests of domestic industry, small entrepreneurs and farmers. He said for the moment, …

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RBI enhances PMC Bank withdrawal limit to Rs 50,000

Protecting depositors, taxpayers is public interest RBI

Mumbai,  Following a review of the crisis-ridden Punjab and Maharashtra Cooperative Bank’s (PMC’s) liquidity position, the Reserve Bank of India (RBI) on Tuesday raised the withdrawal limit for bank depositors to Rs 50,000. The RBI said this would enable more …

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IndiGo and Qatar Airways to get into code-share pact

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New Delhi, IndiGo, the country’s largest private carrier, is all set to announce a strategic code-share partnership with Qatar Airways, months after it put on hold active discussions in the matter. The two carriers are expected to announce the details …

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Modi saved Indian economy from RCEP: Skoch Group

New Delhi,  Socio-economic think tank Skoch Group on Tuesday hailed Prime Minister Narendra Modi’s decision to opt out of the RCEP, or the Regional Comprehensive Economic Partnership, keeping India’s interests in view. “RCEP would have been a bigger blunder than …

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DBS denies reports of Yes Bank acquisition

Mumbai,  Singapore-based DBS Bank said on Saturday that reports claiming that it will acquire controlling stakes in Yes Bank were false. “The rumours of DBS acquiring a stake in Yes Bank are unfounded and baseless,” a DBS spokesperson told . …

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Major media firms struggle to attract investor interest

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Mumbai,  Indian media firms are struggling to attract investors and stocks of media firms, along with manufacturing and auto companies, are witnessing a sharp decline on the bourses for the past months. Some of the country’s largest TV and print …

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US Treasury Secy, RBI Guv discuss economy, regulatory issues

New Delhi,  US Treasury Secretary Steven Mnuchin on Saturday met Reserve Bank of India Governor Shaktikanta Das and other top RBI officials and discussed global and domestic macro-economic scenario and regulatory developments in both countries, an RBI statement said. Mnuchin …

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Lakshmi Vilas Bank’s non-independent director resigns

Mumbai,  Lakshmi Vilas Bank’s (LVB) non-executive and non-independent director Anuradha Pradeep, has resigned from her position, after independent director Supriya Prakash Sen quit the board citing personal reasons. A statement issued by Lakshmi Vilas Bank on Friday said: “Anuradha Pradeep …

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