Business

Game-changer JioFiber rolls out, plans start from Rs 699

Mumbai,  Set to create massive ripples in the growing digital streaming and video-on-demand market, Reliance Jio on Thursday commercially rolled out its fiber-to-the-home (FTTH) service “JioFiber” across 1,600 cities in India where the users will have an integrated experience of …

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Sensex ends a shade lower, auto stocks gain

Sensex ends Samvat 2074 on a timid note; banking stocks fall

Mumbai,  Although the severely beaten down auto stocks edged higher on Thursday over expectations of a rate cut in the Goods and Service Tax (GST) on vehicles and on the back of steps announced by the government to combat slowdown …

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Infra spending expected to partially revive auto demand: Gadkari

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New Delhi, The Central government is expected to award major road infrastructure projects besides taking a call on a key policy decision on vehicle scrappage to arrest the sales downturn being faced by the Indian automobile industry, Union Minister Nitin …

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PNB board approves OBC, UBI merger with itself

Mumbai, The board of Punjab National Bank (PNB) on Thursday gave an “in-principle approval” to merger with itself of Oriental Bank of Commerce (OBC) and United Bank of India (UBI). The board also approved the Rs 18,000 crore capital infusion, …

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Maruti Suzuki halts production at Gurugram & Manesar plants

Mumbai, India’s largest car manufacturer Maruti Suzuki, on Wednesday, said it has decided to shut down production of passenger vehicles in Gurugram and Manesar plants in Haryana for two days. “Maruti Suzuki India Limited has decided to shut down the …

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Paytm Payments Bank outperforms the industry

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New Delhi,  Paytm Payments Bank Ltd (PPBL) has once again outperformed the entire industry in terms of merchant acquisition and digital transactions. As per the latest data released by the Ministry of Electronics and Information Technology (MeitY), PPBL has acquired …

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Difficult road ahead for auto industry with BS-VI: SIAM

New Delhi, Dented by the consumption slowdown, the road ahead for Indian automobile industry is “difficult” due to the upcoming transition from BS-IV emission norms to BS-VI, Society of Indian Automobile Manufacturers President Rajan Wadhera said on Wednesday. Speaking at the …

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Ind-Ra revises outlook on steel sector to ‘stable-to-negative’

Mumbai,  India Ratings and Research (Ind-Ra) on Wednesday revised down its outlook on the Indian steel sector from ‘stable’ to ‘stable-to-negative’ for the remainder of FY20 owing to sluggish demand growth expectations. It further revised downwards its FY20 steel demand …

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Govt chips in Rs 4,557 cr in IDBI Bank to boost CAR

New Delhi, The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a capital infusion of Rs 4,557 crore by the government in the IDBI Bank. The government’s contribution was limited to its shareholding because LIC, which already …

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CCEA clears hike in ethanol prices for 2019-20

New Delhi,  The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved an increase in prices of ethanol for the upcoming sugar season 2019-20 (October-September). As per an official statement, the CCEA decided to increase prices of ethanol derived from …

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