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Sensex, Nifty extend gains for 2nd day, Yes Bank soars 11 pc

By   /  July 16, 2019  /  Business  /  Comments Off on Sensex, Nifty extend gains for 2nd day, Yes Bank soars 11 pc

Mumbai, July 16 (PTI): Equity benchmark BSE Sensex on Tuesday rose by 234 points, extending gains for the second straight day as index major Reliance Industries, Yes Bank and Tata Motors advanced. The 30-share index closed at 39,131.04 points, showing a rise of 234.33 points or 0.60 per cent. It touched an intra-day high of […]

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Banks bad loans down at INR 9.34 lakh cr at FY19-end, says Sitharaman

By   /  July 16, 2019  /  Business  /  Comments Off on Banks bad loans down at INR 9.34 lakh cr at FY19-end, says Sitharaman

New Delhi, July 16 (PTI): Total bad loans of commercial banks declined by INR 1.02 lakh crore to INR 9.34 lakh crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said Tuesday. The government has instituted a comprehensive 4R’s strategy for recognition of non-performing assets (NPAs) […]

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Sensex jumps over 250 pts; Infosys rallies 5 pc

By   /  July 15, 2019  /  Business  /  Comments Off on Sensex jumps over 250 pts; Infosys rallies 5 pc

Mumbai, July 15 (PTI): Domestic equity benchmark BSE Sensex surged over 250 points in opening trade on Monday driven by gains in index heavyweight Infosys, amid positive cues from global markets. The 30-share index, however, gave up some gains to trade 164.84 points, or 0.43 per cent, higher at 38,901.07 at 0930 hours. Similarly, the […]

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Cheaper fuel cost eases India’s June WPI to 2.02%

By   /  July 15, 2019  /  Business  /  Comments Off on Cheaper fuel cost eases India’s June WPI to 2.02%

New Delhi, July 15 (IANS): Lower prices of key transportation fuels along with manufactured items eased India’s annual rate of inflation based on wholesale prices to 2.02 per cent in June from 2.45 per cent in May, official data showed on Monday. Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished […]

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Guidelines for PSU banks to pick pooled assets of NBFCs likely this week

By   /  July 14, 2019  /  Business  /  Comments Off on Guidelines for PSU banks to pick pooled assets of NBFCs likely this week

New Delhi, July 14 (PTI): In a bid to deal with stress in NBFC sector, guidelines will be issued soon for state-owned banks to take over pooled assets of non-banking financial companies, a finance ministry official said. “Both Department of Economic Affairs, and Financial Services are in consultation. The eligibility norms for takeover should be […]

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RBI to come out with mobile app for currency notes identification

By   /  July 14, 2019  /  Business  /  Comments Off on RBI to come out with mobile app for currency notes identification

New Delhi, July 14 (PTI): The Reserve Bank of India will come out with a mobile application to help visually challenged people in identifying currency notes as cash still remains a dominant mode of transaction. At present, banknotes in the denominations of INR 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides […]

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Consumer confidence plunges 2.9 percentage points in June- Report

By   /  July 13, 2019  /  Business  /  Comments Off on Consumer confidence plunges 2.9 percentage points in June- Report

Mumbai, July 13 (IANS): The consumer confidence index was down by 2.9 percentage points for the month of June, owing to the dismal performance of the economy and as consumers continued to reel under high cost of living and shortage of funds for daily spends and investments. India Primary Consumer Sentiment Index, as measured by […]

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Infosys net up 5.1% yearly, down 6.8% quarterly

By   /  July 13, 2019  /  Business  /  Comments Off on Infosys net up 5.1% yearly, down 6.8% quarterly

Bengaluru, July 13 (IANS): Global software major Infosys on Friday reported INR 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth from INR 3.612 crore in the same period a year ago. Sequentially, however, net profit in Q1 declined 6.8 per cent from INR 4,078 crore […]

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OPPO Continues Its K Series Journey With the Launch of OPPO K3

By   /  July 13, 2019  /  Business  /  Comments Off on OPPO Continues Its K Series Journey With the Launch of OPPO K3

New Delhi, July 13 (PTI): In a bid to strengthen its multi-channel distribution strategy in India, OPPO, a leading global smartphone brand successfully launched K series at the beginning of 2019 for online consumers. To further bolster the online portfolio, OPPO is now introducing a new K series device, OPPO K3. OPPO is widely recognized […]

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India’s forex reserves rises to $429.91 billion

By   /  July 13, 2019  /  Business  /  Comments Off on India’s forex reserves rises to $429.91 billion

Mumbai, July 12 (IANS): India’s foreign exchange reserves increased by $2.232 billion during the week ended July 5, official data showed on Friday. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves rose to $429.911 billion from $427.678 billion reported for the week ended June 28. India’s forex reserves comprise […]

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