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Tag: Business news

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24 October

NEW DELHI: India has ordered its 4,000 military shops to stop buying imported goods, according to a document reviewed by Reuters, a move that could send an unwelcome signal to foreign liquor firms such as Diageo and Pernod Ricard. The defence canteens sell liquor, electronics and other goods at discounted prices to soldiers, ex-servicemen and […]

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24 October

NEW DELHI: Crude oil processed by Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions. Crude oil throughput in September rose 13.4% from the previous month to 4.33 million barrels per day (17.71 million […]

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24 October

Chennai Super Kings (CSK) captain MS Dhoni on Friday admitted that his team`s chances of making it to the playoffs this season may have all but ended after their 10-wicket thrashing at the hands of Mumbai Indians on Friday, saying that the team would now be giving chances to players who haven`t played too many […]

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23 October

MUMBAI: The Reserve Bank of India (RBI) governor Shaktikanta Das has said the risk of a second wave of COVID-19 could put sand in the wheels of the nascent recovery, while his deputy M D Patra opined that it might take years to regain the output lost on account of the pandemic. These views were […]

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23 October

NEW DELHI: Yes Bank on Friday reported a standalone net profit of Rs 129.37 crore for the second quarter ended September despite a spurt in bad loans. The private sector lender had posted a net loss of Rs 600 crore in the corresponding quarter of previous fiscal. Total income slipped to Rs 5,952.1 crore during […]

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23 October

NEW DELHI: Underlining that India has been more of a “rule taker” than a “rule maker” at the UN, senior Congress leader Shashi Tharoor on Friday said the country needs to fix its domestic issues, including that of the economy, and have “moral authority” if it wants to be a rules contributor to the world. […]

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23 October

UBS maintains Buy rating on Bharat Forge with a price target of Rs 538. UBS says Bharat Forge remains top pick in auto components as key beneficiary of global and India industrial recovery. UBS expects strong sequential recovery in revenues for Bharat Forge in H2 FY21 and strong 40% yoy growth in FY22. UBS raises […]

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23 October

Zee Business Managing Editor Anil Singhvi says Nifty at 11765-11835 will act as today’s support range while 11975-12025 could be the higher end of the range. Bank Nifty support range for the day will be 24250-24325 zone while below that 24050-24100 will act as a strong Buy zone. Market has opened strong today with Nifty […]

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23 October

NEW DELHI: A report on the prospects of growth in the media and entertainment industry by Pricewaterhouse-Coopers said Indian entertainment and media segments will grow at 10.1% and would be worth $55 billion by 2024. The PwC Global Entertainment and Media Outlook 2020-2024 predicted a K-shaped bifurcated recovery for the sector in the aftermath of […]

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23 October

MUMBAI: Bank credit grew by 5.66 per cent to Rs 103.44 lakh crore, while deposits increased by 10.55 per cent to Rs 143.02 lakh crore in the fortnight ended October 9, according to RBI data. In the fortnight ended October 11, 2019, bank credit had stood at Rs 97.89 lakh crore and deposits at Rs […]

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