Category: Business

Business

U.S. welcomes India’s move of reducing tariffs on agricultural products

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Almonds from California on display in Visakhapatnam. | Photo Credit: The Hindu The United States has welcomed the recent Indian move to reduce tariffs on several American agricultural products. Last week, India agreed to reduce tariffs on certain U.S. products, including frozen turkey, frozen duck, fresh blueberries and cranberries, frozen blueberries and cranberries, dried blueberries…

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SpiceJet To Pay $1.5 Million To Credit Suisse After Supreme Court Order Warned Drastic Action Ajay Singh

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Credit Suisse and SpiceJet have been engaged in a legal dispute since 2015 (Representational) New Delhi: SpiceJet said on Monday it would pay $1.5 million to Credit Suisse as demanded by the Supreme Court.  Earlier in the day, the Supreme Court ordered SpiceJet to make the payment by September 15 in a case related to…

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US Investment Firm KKR Invests $250 Million In Mukesh Ambani Reliance Retail

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In 2020, Reliance Retail raised $5.71 billion by selling 10.09 percent stake (Representational) New Delhi: US Investment firm KKR & Co Inc has increased its stake in billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer. The…

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RBI Approves Reappointment Of Sandeep Bakhshi As ICICI Bank’s CEO For 3 Years

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RBI has approved the reappointment of Sandeep Bakhshi as CEO of ICICI Bank. (File) New Delhi: Private sector ICICI Bank on Monday said the RBI has approved the reappointment of Sandeep Bakhshi as Managing Director and CEO of the private lender for three years. The reappointment of Sandeep Bakhshi will be effective from October 4,…

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Nifty scales 20,000 mount, Sensex regains 67,000 level as stocks extend rally to seventh day

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he Nifty hit its all-time high of 20,008.15, a gain of 188.2 points or 0.94%, in day trading. File. | Photo Credit: Paul Noronha Benchmark Sensex jumped by 528 points to regain the 67,000 level while Nifty scaled the record 20,000 mark for the first time as robust buying by domestic investors helped equity markets…

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Rupee falls 1 paisa to 83.03 against U.S. dollar

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Image used for representational purpose only. | Photo Credit: Reuters The rupee settled 1 paisa lower at 83.03 (provisional) against the U.S. dollar on Monday (September 11), as positive cues from domestic equity markets failed to allay investors’ concerns over elevated crude prices. A weak American currency against major rivals overseas, however, supported the domestic…

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Nifty Hits All-Time High, Crosses 20,000 Points

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Nifty closed at a record 19,996.35 on Monday. (File) Mumbai: Nifty breached the 20,000-point mark on Monday, reaching its all-time high, as investors remain optimistic and the markets continue bull run for the seventh consecutive day. The 50-share index hit its highest marking a day after India concluded its mega G20 summit in Delhi. It…

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Rupee rises 9 paise to 82.93 against U.S. dollar

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Image used for representational purpose only. | Photo Credit: Reuters The rupee continued its upward trend for the second straight session and appreciated by 9 paise to 82.93 against the U.S. dollar in early trade on Septmber 11, tracking positive cues from domestic equity markets and a weak American currency against major overseas rivals. However,…

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This Stock Hit 10% Upper Circuit Day After India-Europe Trade Corridor Deal

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The upper circuit is the highest possible price that the stock of a firm can trade at. New Delhi: It is party time for investors who have put in their bets on shares of companies involved in railways and its allied activities. An ambitious rail-port economic corridor deal to connect India-Middle East-Europe, seen as an…

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Markets continue to rally for 7th day running

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The bull statue at the Bombay Stock Exchange (BSE) building, in Mumbai, on July 13, 2023. Equity benchmark indices extended their rally for the seventh day running on September 11 as investors continued to remain optimistic about the domestic markets. | Photo Credit: PTI Equity benchmark indices extended their rally for the seventh day running…

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