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Sensex, Nifty hit record highs as early trends hint at NDA win

By   /  May 23, 2019  /  Business  /  Comments Off on Sensex, Nifty hit record highs as early trends hint at NDA win

Mumbai, May 23 (PTI): The benchmark BSE Sensex rallied nearly 800 points and the NSE Nifty soared over 200 points to hit their respective record highs in early trade on Thursday, as counting of votes for the Lok Sabha election began.

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Senior citizens with taxable income up to INR 5 lakh can seek TDS exemption on bank interest

By   /  May 23, 2019  /  Business  /  Comments Off on Senior citizens with taxable income up to INR 5 lakh can seek TDS exemption on bank interest

New Delhi, May 23 (PTI): Senior citizens with a taxable income of up to INR 5 lakh can now submit in banks and post offices Form 15H to claim exemption from TDS on interest income on deposits, according to a CBDT notification. Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was INR […]

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Paytm Payments Bank posts profit of INR 19 cr. in 2nd year of operation

By   /  May 23, 2019  /  Business  /  Comments Off on Paytm Payments Bank posts profit of INR 19 cr. in 2nd year of operation

New Delhi, May 23 (PTI): Paytm Payments Bank Limited (PPB) on Thursday said it has turned profitable within its second year of operation, reporting a profit of INR 19 crore for the financial year 2018-2019.

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Silver up on increased offtake; gold steady

By   /  May 23, 2019  /  Business  /  Comments Off on Silver up on increased offtake; gold steady

New Delhi, May 23 (PTI): Silver prices rallied by INR 200 to INR 37,400 per kg in the national capital on Thursday, while gold held steady, according to the All India Sarafa Association.

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Panasonic joins firms stepping away from Huawei after US ban

By   /  May 23, 2019  /  Business  /  Comments Off on Panasonic joins firms stepping away from Huawei after US ban

Tokyo, May 23 (PTI): Japan’s Panasonic on Thursday said it would stop supplying some components to Huawei, joining a growing list of firms distancing themselves from the Chinese telecoms giant after a US ban over security concerns.

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RBI may toughen NBFCs’ access to public deposits

By   /  May 22, 2019  /  Business  /  Comments Off on RBI may toughen NBFCs’ access to public deposits

New Delhi, May 22 (IANS): The Finance Ministry may ask the Reserve Bank of India (RBI) to put strong regulatory framework around NBFCs accessing non-bank public deposits, like pension and provident fund, as these are savings of the salaried class and must be kept away from avoidable risks like infrastructure NBFCs.

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Sensex spurts 140 pts ahead of election outcome

By   /  May 22, 2019  /  Business  /  Comments Off on Sensex spurts 140 pts ahead of election outcome

Mumbai, May 22 (PTI): The benchmark BSE Sensex ended 140 points higher Wednesday, bolstered by gains in banking and auto stocks ahead of the general election results.

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Reliance Retail set to disrupt Amazon, Walmart-Flipkart — Report

By   /  May 21, 2019  /  Business  /  Comments Off on Reliance Retail set to disrupt Amazon, Walmart-Flipkart — Report

New Delhi, May 21 (IANS): Reliance Retail’s upcoming entry into the online retail sector is the biggest challenge for Amazon and Walmart-Flipkart as the MukeshAmbani-led behemoth is well positioned to create massive disruption in the market, a new report has stressed. According to the global market research firm Forrester, the online retail sales in India […]

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Cashify to sell refurbished gadgets online

By   /  May 21, 2019  /  Business  /  Comments Off on Cashify to sell refurbished gadgets online

New Delhi, May 21 (IANS): Used gadget seller Cashify on Tuesday said it would launch in June an e-commerce platform to sell refurbished smartphones and other devices in India. The brand today has 23 offline kiosks across five cities for customers to sell their old smartphones instantly. “Cashify, as a partner brand, has been able […]

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Indices off record highs; Sensex trips 383 pts on profit-booking

By   /  May 21, 2019  /  Business  /  Comments Off on Indices off record highs; Sensex trips 383 pts on profit-booking

Mumbai, May 21 (PTI): Benchmark indices took a U-turn from record high levels touched during early trade on Tuesday, with the BSE Sensex tripping nearly 383 points and the NSE Nifty shedding over 119 points as investors hurried up to book profits. On Monday, both the benchmarks Sensex and Nifty had seen their best single-session […]

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