Business
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‘US ban on Xinjiang cotton cranks-up India’s yarn exports’
New Delhi: The US move to ban use of China’s Xinjiang cotton has cranked up India’s yarn exports, ratings agency Crisil said. Besides, the agency expects operating profits of cotton spinners will…
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‘Economic headwinds might emerge from higher inflationary prospects’
New Delhi: Headwinds for India’s economy might emerge due to higher inflation prospects, EY India said. According to the latest ‘EY Economy Watch’ report, persistently high domestic fuel prices on account of…
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Privatisation of Air India likely to be completed by May end: Hardeep Puri
New Delhi: Union Civil Aviation Minister Hardeep Singh Puri on Saturday stated that the privatisation of Air India is likely to be completed by the end of May. “At a meeting on…
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Tata Sky opens its first exclusive jingalala store in Hyderabad
Hyderabad: Tata Sky, India’s leading content distribution and Pay-TV platform Friday announced the opening of its first exclusive Jingalala Store in Hyderabad. Situated in Vanasthalipuram, the experience store will serve as a…
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Mahindra Electric Mobility to consolidate with parent company
Mumbai: The board of directors at Mahindra & Mahindra Ltd has given in-principle approval for the consolidation of Mahindra Electric Mobility in the company. Mahindra Electricity Mobility is a step-down subsidiary of…
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Petrol, diesel remain static for 2nd straight day
New Delhi: Fuel prices were unchanged for the second straight day after declining for two days in a row. In the national capital, petrol was sold for Rs 90.78 per litre. Price…
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Brands like Nike, Adidas face backlash in China; here’s why
Popular shoe brands Nike and Adidas have landed themselves in trouble on Chinese social media on Thursday over past comments the fashion brands have made about labour conditions in Xinjiang, part of…
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Print media most affected by COVID-19 pandemic: FICCI report
Hyderabad: The print industry is the most affected in India’s media and entertainment (M&E) sector due to the economic impact of the COVID-19 pandemic, a report by FICCI said on Friday. The…
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Tata-Mistry: SC sets aside NCLAT order; Know chronology of events in the case
New Delhi: In a huge victory for Tata Group, the Supreme Court on Friday accepted all contentions of the Tata conglomerate and set aside the order of the NCLAT, which restored Cyrus Mistry…
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Bajaj Auto, Pierer Mobility strengthen e-mobility cooperation
Pune: Two- and three-wheeler manufacturer Bajaj Auto said on Friday it is strengthening strategic cooperation with Europe’s Pierer Mobility AG to meet the growing demand for innovative e-mobility concepts. Both companies had…
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A-Pac banks to face portfolio valuation losses as yields rise: Fitch
Singapore: A rise in yields for long-dated sovereign bonds will result in near-term losses for the Asia Pacific (A-Pac) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, according…
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Rupee surges 14 paise to 72.48 against US dollar in early trade
Mumbai: The rupee appreciated by 14 paise to 72.48 against the US dollar in opening trade on Friday supported by positive domestic equities. At the interbank forex market, the local unit opened…
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JNPT signs Rs 100 cr pact with CNB Logitech
Mumbai: Jawaharlal Nehru Port Trust (JNPT) has signed a memorandum of understanding with CNB Logitech of Rs 100 crore per annum to monitor, track and optimise the movement of 50 lakh containers…
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Sensex rallies over 500 pts in early trade; Nifty tops 14,400
Mumbai: Equity benchmark Sensex rallied over 500 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and L&T amid a positive trend in global markets. The…
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Sebi eases norms to encourage listing of start-ups
New Delhi: To encourage listing of start-ups, markets watchdog Sebi on Thursday approved a slew of relaxations to norms, including reducing holding period for pre-issue capital. Besides, the regulator approved revamping of delisting…
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Sensex tumbles 900 points, gives up 49K-mark
Mumbai: The Indian stock market continued its free fall on Thursday with the BSE Sensex falling as much as 944 points to touch an intra-day low of 48,236.35. The resurgence in Covid-19 cases…
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RBI flags major concerns over cryptocurrency
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the central bank has flagged major concerns over cryptocurrency to the government. Speaking at the Times Network India Economic…
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IndianOil inks pact with Dorf Ketal Chemicals
New Delhi: Indian Oil Corporation Ltd. (IOCL) had announced its partnership with Dorf Ketal Chemicals India Pvt Ltd, wherein IOCL’s Patented Drag Reducing Agents (DRA) technology will be utilised to manufacture the…
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Xiaomi announces Rs 100cr-support package for entrepreneurs
New Delhi: Xiaomi on Thursday announced its new support package for entrepreneurs, Grow With Mi (GWM), for Rs 100 crore with an aim to double the number of offline retail touch points as…
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Petrol price cut by 21 paise, diesel by 20 paise
New Delhi: Petrol and diesel prices were on Thursday cut for the second straight day as international oil prices cooled fell on prospects of speedy recovery in consumption getting clouded by second…
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Sensex tanks 871 pts; Nifty below 14,550
Mumbai: Equity benchmark Sensex plunged 871 points on Wednesday due to across-the-board selling amid a negative trend in global markets. The 30-share BSE index ended 871.13 points or 1.74 per cent lower at…
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Amazon delivery persons to go on strike, claims union; company says unaware
Hyderabad: Amazon delivery persons are all set to go on strike demanding an increase in their payment rates and insurance for the workers. The Telangana Gig And Platform Workers Union (TGPWU) said…
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You can buy a Tesla with Bitcoin in US: Elon Musk
https://stage.siasat.com/telangana-ap-to-likely-witness-thunderstorm-with-lightning-in-next-24-hrs-2115025/ San Francisco: Tesla CEO Elon Musk said on Wednesday that people in the US can now buy a Tesla with Bitcoins, and the option to pay with the popular cryptocurrency will be…
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Govt may seek details of interest on interest charged by banks
New Delhi: Government may ask banks to provide details of interest on interest collected by them for loans exposure of over Rs 2 crore. This follows the Supreme Court’s observation given on Tuesday…
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Brent crude futures improve after 4% slump over Covid concerns
Mumbai: Futures of brent crude oil rose around 1 per cent on Wednesday after the 4 per cent tumble in its previous trading session. The May contract of Brent crude on the Intercontinental…
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Global stocks fall after Wall St rises on tech gains
Beijing: Global stocks and Wall Street futures declined Tuesday after the Federal Reserve promised to support the U.S. economy and Washington and Europe announced sanctions against Chinese officials accused of human rights abuses.…
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‘Economic condition of EMs determine vulnerability to US bond movement’
New Delhi: As the rising bond yields in the US are causing frenzy across the financial markets across the globe, a report by Moody’s Investors Service said that the economic condition of emerging…
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Amazon ‘threatened’ US warehouse workers amid pandemic
San Francisco: An investigation by the National Labor Relations Board (NLRB) in the US has found that Amazon allegedly threatened and retaliated against workers protesting the company’s handling of the Covid-19 pandemic. The…
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Petrol, diesel prices steady, though crude softens
New Delhi: Fuel prices in the country have remained steady for over three weeks now as softening crude and Assembly elections in four states and one union territory has kept Oilcos from revising…
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Nissan India to increase vehicle prices from April
New Delhi: Nissan India has announced a price hike across all available models for Nissan and Datsun, effective from April 1. “There has been continuous escalation in auto component prices, and we have…