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Showing posts from August, 2022

SpiceJet Delhi-Nashik flight returns midway due to 'autopilot' snag

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SpiceJet B737 aircraft VT-SLP, operating flight SG-8363 (Delhi-Nashik), on Thursday was involved in an air turnback due to an autopilot snag, the official said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lNw6s9S via IFTTT

Goldman cuts growth forecast; Morgan Stanley sees downside risks

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The lower-than-expected growth during April-June created downside risk of 40 basis points to current fiscal year growth estimates, Morgan Stanley said in a note. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BQjkleU via IFTTT

NDTV says stake sale to Adani needs nod from tax authorities

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New Delhi Television Ltd said a major stake sale by its founders to Adani group would require clearance from India's tax authorities, adding another hurdle to the conglomerate's bid to take control of the popular news network. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nGAwpTm via IFTTT

Commerce LPG cylinder price reduced by Rs 91.50 from today

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The cost of domestic LPG cylinders has remained unchanged since July this year.​​​ from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/y3OXYUP via IFTTT

Govt hikes windfall profit tax on export of diesel, ATF

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The government has hiked the windfall profit tax on the export of diesel to Rs 13.5 per litre and on jet fuel exports to Rs 9 a litre, besides raising the levy on domestically-produced crude oil in line with the hardening of global prices. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GVdlOSK via IFTTT

SpiceJet loss widens to ₹789 crore in Q1, CFO resigns

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RBI sets stage for government, LIC stake sale in IDBI Bank

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Euro zone inflation hits yet another record high in August

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Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the turn of the year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zHSWhGo via IFTTT

Maruti very important part of Suzuki Japan: RC Bhargava

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Maruti Suzuki India chairman RC Bhargava on Wednesday hinted at organisational changes going forward in the backdrop of the company's increased contribution to parent Suzuki Motor Corporation's overall global business. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/47ep3NH via IFTTT

India's Q1 FY23 GDP data to be released this evening

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Many analysts believe the Indian economy will expand at a double-digit growth rate due to base effect. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/g4Q9zI2 via IFTTT

Economy probably grew at its fastest pace in a year in June quarter

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India's economy probably achieved its fastest annual expansion in a year in the April-June quarter, economists said, expecting the pace to sharply slow this quarter and in the next two as higher interest rates hit economic activity. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6aXJU2I via IFTTT

Reliance Capital receives 6 bids at holding company level

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Sensex jumps 1,564 pts to 59.5k as FPIs buy again

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Gautam Adani world's 3rd richest, 1st Asian to enter top three

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Indian tycoon Gautam Adani (60), whose business empire extends from infrastructure to airports management and FMCG to cements, Tuesday became the third richest person in the world, behind Tesla's Elon Musk and Amazon's Jeff Bezos. With a net worth of $137.4 billion, Adani is the first Asian to break into the top three on the list. Fellow Indian Mukesh Ambani is at the 11th place. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pnfYGEe via IFTTT

SpiceJet plane's tyre bursts while landing

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Adani Group, NDTV move Sebi for clarity over warrants

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Rupee breaches 80 vs dollar again on hawkish US Fed tone

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Reliance Retail to enter FMCG biz this year, says Isha Ambani

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RBI plans registry to save you from digital frauds

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No plans to ban Chinese sub-₹12k phone sales: Rajeev Chandrasekhar

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RIL to invest Rs 2 lakh crore in 5G, eyes Diwali metro launch

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Reliance Industries (RIL) will invest Rs 2 lakh crore ($25 billion) to roll out 5G services across the country, its chairman Mukesh Ambani announced on Monday. The company's telecom unit Jio will launch the next-generation services this Diwali (which falls in October) in select cities and will expand the coverage across India by December 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4JLY3mt via IFTTT

Akasa data hacked, airline asks customers to be vigilant

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It has reported the hacking to CERT-In, the government authorised nodal agency to deal with such incidents, and advised its customers to be "vigilant against possible phishing attempts, since (their) information may have been accessed as a result of this incident." from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/r5GJTMm via IFTTT

Adani Group plans to build 1,000-MW data centres in 10 years

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FPIs invest Rs 49,250 crore in August on strong corporate earnings

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This was way higher than a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in the entire July, data with depositories showed. FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year. Between October 2021 and June 2022, they sold a massive Rs 2.46 lakh crore in the India equity markets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vheMVQd via IFTTT

US companies geared up to be part of India's vision to become $30 trillion economy: USIBC president

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"I think it's clear that India is going to grow in every decade of the 21st century. It's gonna rise to be one of the biggest economies in the world, if not the biggest economy in the world," Atul Keshap, the president of the US India Business Council (USIBC) told PTI. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qgZnhi5 via IFTTT

Diesel export falls 11% in July on levy of windfall profit tax

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ndia's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed. Diesel exports dropped to 2.18 million tonnes in July from 2.45 million tonnes a month back, data from the Oil Ministry's Petroleum Planning and Analysis Cell showed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/249Qsir via IFTTT

386 infrastructure projects show cost overruns of Rs 4.7L crore

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'Subsidising EVs alone will not help reduce carbon footprint in India'

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US to India: Join group for Russia oil price cap

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SC: Customs cannot sell assets of cos in bankruptcy

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'Front-loaded rate hikes reduce need for action later'

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ICICI Lombard launches a record 14 products in a day

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Bank credit grows at 15.3%, fastest in 3 years

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Adani launches Rs 31k crore offers for ACC & Ambuja

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GAIL targets net zero status by 2040

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China steps up stimulus by $146 billion to rescue economy

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Dubai asks for more seats on India air routes

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Stuck in debt? This startup can help

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US appointment delay: Several desi H-1B visa holders unable to visit home

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The great US visa appointment crunch has not only made it difficult for desi visa seekers to go there, but also for Indians with H-1B visas working in America to come home on personal visits. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XPLZeYd via IFTTT

Krishnamurthy Subramanian appointed ED for India at IMF

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According to an official order issued on Thursday, Subramanian will take over as ED (India) at IMF with effect from November 1, 2022, after the Indian government decided to curtail the tenure of eminent economist Surjit S Bhalla as ED (India), IMF. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qdEjKSD via IFTTT

US sees India as its indispensable partner: White House

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The United States sees India as an indispensable partner, the White House asserted on Wednesday even as the two countries are pursuing their own national interests in Ukraine. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JbwrDvO via IFTTT

Twitter staff exodus rises amid Musk battle, whistleblower complaint

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Twitter Inc is facing more employee departures, company executives told staff on Wednesday, as leaders sought to address multiple challenges, including whistleblower allegations and a legal battle with billionaire Elon Musk. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/57GQDvB via IFTTT

Indian vaccine makers grab market share from MNCs

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Irdai eases caps on insurance commissions

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Corp bond dues soar 4x to Rs 40.2 lakh crore in a decade

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RBI allows American Express to add new customers after 16-month ban

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NDTV stock hits 5% upper circuit, closes at Rs 384

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Performance-linked wage revision for PSU insurers

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The General Insurers Public Sector Association (GIPSA) has proposed a wage revision where it would link employees' salaries to the performance of the individual and their organisation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NgqPOcs via IFTTT

India bond yields seen up as high oil prices stoke inflation fears

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Government bond yields are expected to open higher on Wednesday, as the benchmark Brent crude contract touching over $100 per barrel added to prevailing unease over inflation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SeN3QMA via IFTTT

Read Twitter CEO Parag Agrawal’s memo about whistle-blower

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Peiter “Mudge” Zatko, the former top security executive at Twitter, filed the whistle-blower complaint with Congress and regulatory agencies. Twitter refuted Zatko's claims, adding that he was fired in January for poor performance. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wp2YN35 via IFTTT