Business

Mukesh Ambani richest Indian with Rs 3.8 lakh cr fortune

New Delhi,  Mukesh Ambani has been adjudged the richest Indian, with a total fortune of Rs 3.8 lakh crore, by Hurun India in its joint report with IIFL Wealth. The Hurun India Rich List showed that the Reliance Industries (RIL) …

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Global sell-off hits Indian markets; Sensex plunges 500 pts

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Mumbai, A global market sell-off on the back of US political developments coupled with fears of fresh banking sector non-performing assets (NPAs or bad loans) and profit booking led to a sharp decline in the Indian equity markets on Wednesday. Both …

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Markets end flat; mild profit booking breaks stellar rally

Sensex gains nearly 200 points; telecom stocks rise

Mumbai, The Indian equity markets’ stellar rally on the back of the government’s corporate tax break announcement was broken on Tuesday as the key indices ended flat on the back of a minor profit booking bout. The S&P BSE Sensex …

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Infosys ranked 3rd in Forbes ‘best regarded’ companies list

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New Delhi, Infosys, TCS and Tata Motors are among the 17 companies that have made it to the latest Forbes’ list of the World’s Best Regarded Companies. While Infosys has been ranked third in the list — just behind payment …

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Corp tax cut bold move, will attract investors: RBI Gov

New Delhi,  RBI Governor Shaktikanta Das on Tuesday said the government’s decision to slash corporate tax rates is a very bold measure and makes India an attractive destination for investment. “It is a very bold measure and it is a …

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Thomas Cook collapse could hit India’s inbound travel

New Delhi,  With British travel giant Thomas Cook going belly up, India’s inbound travel could be severely hit and hence adversely impact foreign exchange (forex) earnings too in the months to come. Travel industry sources said that Thomas Cook sends …

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India aims at oil export infra globally with Indian steel

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New Delhi,  India could soon see a jump in steel exports to countries that are looking to strengthen their oil and gas export infrastructure, Minister for Petroleum and Natural Gas, and steel Dharmendra Pradhan said on Monday. Using his dual …

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PSB strike, weekend to hamper cash withdrawals

New Delhi, Customers of Public Sector Banks (PSBs) are likely to face hassles in cash withdrawals at bank branches and ATMs, as an impending bank strike is going to coincide with planned monthly non-working day and the weekend. A strike called …

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RBI’s RMBS suggestions to help ease credit challenge: Moody’s

Protecting depositors, taxpayers is public interest RBI

New Delhi,  The Reserve Bank of India (RBI) Housing Finance Committee’s recent recommendations on Indian residential mortgage-backed securities (RMBS) have the potential to alleviate key credit challenges associated with the sector, US rating agency Moody’s Investors Service said on Monday. …

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Corp tax cut credit positive, raises fiscal risks: Moody’s

Mumbai,  Corporate tax reduction is credit positive for companies but increases the government’s fiscal risks, global rating agency Moody’s said on Saturday. On September 20, Finance minister Nirmala Sitharaman announced a reduction in the base corporate tax rate to 22% …

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