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ICICI Bank crosses milestone of issuing 2 million FASTag
Mumbai (Maharashtra) [India], Oct 31: ICICI Bank said on Thursday it has crossed a milestone of issuing two million FASTag till date, the most by any financial institution in the country. The bank aims to double the number in next six months. ICICI commands more than half of the market share in term
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Yes Bank gets binding offer of $1.2 billion, stock zooms by 30 pc
Mumbai (Maharashtra) [India], Oct 31: Private sector lender Yes Bank said on Thursday that it has received a 1.2 billion dollar (about Rs 8,520 crore) binding offer for a stake purchase from a global investor, adding it is in advanced talks with other investors. “The bank would like to inform
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Reliance Brands raises stake in Future101 Design, holding now stands at 17.5 pc
Mumbai (Maharashtra) [India], Oct 31: Reliance Brands Ltd, a subsidiary of Mukesh Ambani-led Reliance Industries, has bought an additional stake of 2.5 per cent in luxury apparel firm Future101 Design to take its share to 17.5 per cent. Future101 Design is the parent firm of luxury designer Raghaven
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Reliance Jio blasts COAI for propagating doom of telecom sector after SC order on AGR
New Delhi [India]: Reliance Jio Infocomm Ltd (RJIL) on Oct 30, 2019, lashed out at the Cellular Operators Association of India (COAI) for writing to Union Telecom Minister Ravi Shankar Prasad alleging unprecedented crisis in the sector without waiting for its divergent views. “We fail to under
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CCI gives nod to ADFE to buy Hero Future’s stake
New Delhi [India], Oct 31: The Competition Commission of India (CCI) has approved Abu Dhabi Future Energy’s plan to acquire equity stake in Hero Future Energies Global Ltd. The transaction also involves the acquisition of non-voting compulsorily convertible preference shares in Hero Future.
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Equities trade higher led by PSU bank and realty stocks
Mumbai (Maharashtra) [India], Oct 31: Equity benchmark indices continued their upward march during early hours on Thursday amid optimism in global markets. At 10:15 am, the BSE S&P Sensex was up by 215 points at 40,267 while the Nifty 50 edged higher by 65 points to 11,909. All sectoral indices
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Microsoft Word, PowerPoint now have access to Adobe Creative Cloud Libraries
California [USA] You can now source relevant images from Adobe Creative Cloud Libraries for your presentation on Microsoft Word or PowerPoint. As Engadget notes, MS Word and PowerPoint now have direct access to Adobe’s Libraries that have images from company logos to font styles. Designers can
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Xiaomi teases its upcoming smartphone with 108-megapixel camera
Beijing [China] Xiaomi has teased its upcoming smartphone that will boast a five-camera setup, with a 108-megapixel main lens. An image of the Xiaomi CC9 Pro shared on Weibo shows off its rear panel in glossy green finish. The five-camera setup includes two lenses placed below the vertically positio
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Adani Transmission gets LoI for transmission project linked to renewable energy in Gujarat
Ahmedabad (Gujarat) [India], Oct 31: Adani Transmission Ltd (ATL), the largest private sector power transmission company operating in India, said on Thursday it has received a letter of intent from REC Transmission Projects to build, own, operate and maintain a transmission project in Gujarat for a
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Rating agencies downgrade Vodafone-Idea, Bharti Airtel after SC ruling on AGR
New Delhi [India], Oct 31: Care Ratings has downgraded its rating on long-term bank facilities and non-convertible debentures of Vodafone Idea as Fitch placed Bharti Airtel’s BBB long-term foreign currency issuer default rating (IDR) on rating watch negative (RWN). Fitch said that the RWN refl
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Biocon moves up to rank 6th on Science careers’ top 20 global pharma list
Bengaluru (Karnataka) [India]: Biopharmaceuticals major Biocon Ltd said on Monday it has moved up in top 10 global biotech employers ranking for 2019 and continues to be the only company from Asia to feature on the US-based Science magazine’s annual careers top 20 employers’ list. Ranked
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Brands must innovate as tech advances transform consumer markets: Deloitte-FICCI report
New Delhi [India], Oct: Fast-moving consumer good (FMCG) companies and retailers in India are evolving at a rapid pace and facing major disruption in various parts of the value chain, according to a new study by global consulting major Deloitte and apex industry body FICCI. Innovative solutions, tec
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Auto retail sales likely to improve in festive season: Ind-Ra
Mumbai (Maharashtra) [India]: Automobile retail sales are likely to pick up with an improvement in consumer sentiment during the ongoing festive season due to recent liquidity easing measures announced by the government and on back of favourable monsoons, according to India Ratings and Research (Ind
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ADB hosts forum to promote farmers’ livelihoods, rural development and food security
Manila [Philippines]: Ensuring access to nutritious, safe and affordable food enabled by modern technologies and creative policies is essential to achieve inclusive and sustainable development in Asia and the Pacific, participants heard at the Rural Development and Food Security (RDFS) Forum 2019 on
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GVK to offload 79 pc stake in airport business to raise Rs 7,614 crore
Hyderabad (Telangana) [India]: The GVK group is offloading 79.1 per cent of equity stake in its airport business to three investors for raising Rs 7,614 crore in a bid to trim the piled up debt. The group subsidiaries GVK Airport Developers Ltd and GVK Airport Holdings Ltd have entered into definiti
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Sensex closes 192 points higher during Muhurat trading, Tata Motors gains 18 pc
Mumbai (Maharashtra) [India]: Equity benchmark indices closed nearly half a per cent higher on Sunday after the special one-hour trading session on Diwali, the festival of lights, which also marks the beginning of traditional Hindu accounting year Vikram Samvat. It is believed that trades conducted
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Muhurat trading held at BSE
‘Muhurat Trading’ is a special trading session that takes place usually on the day of Diwali. On the auspicious occasion of Diwali, a special ‘Muhurat Trading’ session was held at the Bombay Stock Exchange (BSE) on Sunday. The trading session took place during the Lakshmi Puj
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RBI quashes reports of it selling gold reserves
Mumbai (Maharashtra) [India], Oct: The Reserve Bank of India (RBI) on Sunday clarified that it had not sold any of its gold reserves or done any trading in the yellow metal. The Central bank’s announcement, in a series of tweets, came in the wake of media reports which stated that the RBI has
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5G technology poised to become connectivity fabric, transform businesses: Infosys study
Bengaluru (Karnataka) [India]: In an era of hyper-connectivity and rapid technological advancements, fifth-generation (5G) technology is poised to become a connectivity fabric that brings together people, devices, machines and physical ecosystems, according to a recent research study by Infosys Know
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ICICI Bank Q2 profit falls by 28 pc on deferred tax adjustment
Mumbai (Maharashtra) [India], Oct 29: India’s largest private sector lender ICICI Bank said on Saturday its profit after tax dropped by 28 per cent to Rs 655 crore in the second quarter of current fiscal (Q2 FY20) due to deferred tax assets adjustment. However, overall earnings were healthy wi
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