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Minimum Regulatory Intervention Needed To Ensure Smooth Operation, Says COAI

Telecom operators increased mobile tariffs by up to 50% to survive New Delhi: Industry body COAI or Cellular Operators’ Association of India has said that…

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Petrol, Diesel Prices Cut For Fourth Consecutive Day

Domestic petrol and diesel prices are determined broadly by global crude oil and the rupee-dollar rates Petrol and diesel rates were reduced on Sunday –…

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Foreign Exchange Reserves Rise By $58 Million To Record High Of $461.21 Billion

FCA decreased by $367 million to $427.582 billion, the RBI data released on Friday showed. Mumbai: The country’s foreign exchange reserves rose by $58 million…

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All You Need To Know About Halwa Ceremony Ahead Of Budget

Halwa ceremony recognises the efforts of staff members who were part of budget-making process. New Delhi: The customary halwa ceremony, which marks the process of…

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HDFC Bank Posts Net Profit Of Rs 7,416 crore In December Quarter, On Higher Income Growth

Net interest income grew 12.6 per cent to Rs 14,172.90 crore in the December quarter. HDFC Bank, the country’s biggest lender by market value, reported…

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Davos Diplomacy Likely Between India, Malaysia To Defuse Palm Row

India has objected to Malaysian Prime Minister speaking out against its recent policies Kuala Lumpur / New Delhi: Trade ministers from India and Malaysia are…

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Amid NBFC Crisis, State Bank Reminds RBI Of Its Role As Lender Of Last Resort

Economists said RBI should “seriously think” of giving liquidity to NBFCs against assets held by lenders New Delhi: Economists at the State Bank of India…

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Rupee Drops 15 Paise To 71.08 Against US Dollar

Mumbai: The rupee furthered its losses for the second day, dropping 15 paise to close at 71.08 against the US dollar on Friday amid strengthening…

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Piramal Enterprises Divests DRG Business For $950 Million

Mumbai: Piramal Enterprises has divested its Decision Resources Group (DRG) business to Clarivate Analytics for $950 million. According to the company, DRG is a high-value…

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Reliance Industries Posts Record Profit Of Rs 11,640 Crore In December Quarter

RIL’ss record profit came as it benefited from steady double-digit growth at its consumer units. Reliance Industries net profit in the quarter ended December 2019…

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