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Indian stock markets bounce back, end 7-day losing streak
Mumbai: Indian equity market bounced back today, with the Sensex climbing 628 points and the Nifty snapping its seven-day losing streak to end at 24,231.85.
The 30-share BSE Sensex jumped 628.04 points, or 0.82 per cent, to…
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Retail inflation may rise to 6% by October: Report
New Delhi, Aug 20: Going by the present trend, India’s retail inflation may rise in the coming months, briefly crossing 6 per cent in October and November, according to a report.
Subsequently, the retail inflation may ease to around 5…
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Indian Banks raised $4 billion through international bond markets
New Delhi, Aug 20: In the recent months, Indian banks have raised more than USD 4 billion through international bond markets, with strong investor demand helping several lenders secure tighter pricing than their initial guidance.
Among…
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Gold prices in India have regained momentum: World Gold Council
New Delhi, Aug 20: Gold prices in India have regained momentum after correcting in June and remaining broadly stable in July, according to the World Gold Council’s latest gold market update regarding the country.
International gold…
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SEBI proposes easier of KYC process for NRI, OCI investors
New Delhi, Aug 19: The Securities and Exchange Board of India (SEBI) has proposed easing of the 'Know Your Client' (KYC) process for individual Persons Resident Outside India (PROIs), including Non-Resident Indians (NRIs), Overseas Citizens…
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Inflation in goods, commodities likely to give a shock: Report
New Delhi, Aug 19: Inflation in global goods and commodities is likely to feed into India's consumer prices with a lag, although the transmission is expected to be limited and partly absorbed through margins, according to Axis Bank…
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New Rule: A person can have 9 mobile phone connections maximum, 6 in J&K, NE
New Delhi, Aug 19: An individual person can now possess up to nine mobile connections across all operators and all circles, and the maximum of six in Jammu and Kashmir, Assam and the North-East, according to a latest order of the…
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PM-CARES fund had Rs 8,452.07 crore in balance in March-end last year
New Delhi, Aug 19: The amount in Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund rose 18 per cent to Rs 8,452.07 crore in 2024-25 from Rs 7,173.03 crore a year earlier, according to the audited…
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Wipro Consumer Care buys 60% stake in Dermatouch skincare company
New Delhi, Aug 19: Wipro Consumer Care and Lighting has acquired a 60 per cent stake in skincare brand Dermatouch at an enterprise value of Rs 387.5 crore.
The remaining 40 per cent will be acquired over the next three years, with the…
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Concern about highway quality: Minister Gadkari says review will be undertaken
New Delhi, Aug 19: Amidst widespread complaints regarding quality of newly-built highways, Union Minister of Road Transport and Highways Nitin Gadkari today said the existing provisions governing subcontracting of highway works would be…
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