Finance
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CAIT hails Karnataka HC decision on Amazon and Flipkart for their alleged anti-competitive practices
The High Court earlier dismissed a plea filed by e-commerce companies Amazon and Flipkart challenging a probe ordered by CCI against them for alleged violations
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Yes Bank to raise Rs 10,000 crore via debt securities
According to the RBI-backed rescue plan, the State Bank of India acquired up to 49 percent stake in Yes Bank The board of directors at private sector lender Yes
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Sensex gains 359 points, banking and financial sectors took the lead
Bajaj Finance advanced by 7.6 per cent, Bajaj Finserv by 3.8 per cent, State Bank of India by 2.6 per cent and IndusInd Bank by 2.1 per cent.
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Centre re-appoints Mahesh Kumar Jain as RBI Deputy Governor
Mahesh Kumar Jain has served on various boards including the Export-Import Bank of India (EXIM Bank), IBPS, and NIBM in the past 30 years The Centre on Wednesda
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Motilal Oswal Financial Services says E-grocery space to grow 59 pc by 2024
India has 15.4 crore online transacting households with 13 crore already using e-grocery platforms or willing to try, creating an addressable market of a whoppi
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SEBI bans Franklin Templeton MF from launching new debt funds for the next 2 years
Franklin Templeton had announced shutting its six debt mutual fund schemes citing redemption pressures and lack of liquidity in the bond market The Securities a
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Fitch Ratings says India’s bank privatisation plans can face hurdles amid Covid
Fitch said political support in favour of legislative changes to the Act which are required in order to go through with the sale can be a significant hurdle for
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IT dept to launch new e-filing portal with new features
Income Tax Department is launching its new e-filing portal www.incometax.gov.in on June 7 aimed at providing taxpayer convenience and a modern, seamless experie
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Court has allowed banks to sell Vijay Mallya’s properties to recover his debts
A Prevention of Money Laundering Act (PMLA) court has allowed banks to sell certain real estate assets and securities of fugitive business tycoon Vijay Mallya t
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Congress members deliberately excluded from GST Council’s GoM, Ashok Gehlot alleges
Rajasthan CM Ashok Gehlot described it as a deliberate attempt “to keep the principal Opposition party, the Congress, that has three members in the GST Council
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Sensex jumped by 380 points as equity benchmark indices closed higher
The BSE S&P Sensex was up by 380 points or 0.75 per cent at 50,018 while the Nifty 50 advanced by 93 points or 0.61 per cent to 15,301
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RBI decided to transfer a surplus of Rs 99,122 crore to central government
The Reserve Bank of India (RBI) on Friday decided to transfer a surplus of Rs 99,122 crore to the Central government.
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RBI Governor Shaktikanta Das held a virtual meeting with PSU Bank
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday held a virtual meeting with managing directors and CEOs of public sector banks
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Canara Bank back in profit at Rs 1,011 crore on lower provisioning
The bank's asset quality deteriorated with gross non-performing assets (NPAs) as a percentage of total advances at 8.93 per cent compared with 7.46 per cent in
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NEFT service won’t be available on May 23: RBI
The RBI recently proposed to expand RTGS and NEFT facilities to non-bank payment system firms in a phased manner The National Electronic Fund Transfer (NEFT) se
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Finance Minister Nirmala Sitharaman will chair the 43rd GST Meeting
Minister of State for Finance Anurag Thakur along with Finance Ministers and senior officials of all states and Union Territories (UT) will participate
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PayPal has introduced digital foreign inward remittance advice for Indian merchants
PayPal’s monthly digital FIRA solution will allow merchants to download the FIRA from their PayPal account Digital payments provider PayPal has introduced
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Fitch Solutions revised its forecast for India’s deficit to 8.3 per cent
Fitch Solutions on Friday revised its forecast for India's deficit to 8.3 per cent of GDP in FY22 (April 2021 to March 2022) from 8 per cent previously.
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RBI will deploy all resources for citizens, businesses in the 2nd wave of COVID-19
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the central bank will continue to monitor the emerging COVID-19 situation
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