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The rupee settled at 83.14 (provisional) against the U.S. dollar, down 10 paise from its previous close. | Photo Credit: REUTERS The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the U.S. dollar on Wednesday, weighed down by a surge in crude oil prices and…
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Rupee settled at 83.14 (provisional) against the US dollar, down 10 paise from its previous close. New Delhi: The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the US dollar today, weighed down by a surge in crude oil prices and strong American currency. Forex…
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Tata Group’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram’s New Delhi: Tata Group’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram’s but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said….
Read More “Tata Seeks Control Of Haldiram’s, Snack Maker Wants $10 Billion Valuation: Report” »
File photo of the SEBI headquarters in Mumbai | Photo Credit: Reuters Markets regulator SEBI will introduce one-hour trade settlements by the end of this fiscal, in the run up to making such processes instantaneous, a top official said on Tuesday. Amid concerns raised by certain foreign portfolio investors on the shortening of the settlement…
Vivek Joshi. File. | Photo Credit: KAMAL NARANG Financial Services Secretary Vivek Joshi on September 5 said the credit market, led by the digital lending segment, is on course to grow to $350 billion (around ₹3 lakh crore) by the end of the year. The digital lending segment stood at $270 billion at the end…
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Adobe will provide schools across the country with free access to Adobe Express Premium and the professional development of educators. File | Photo Credit: Reuters Union Ministry of Education signed an agreement with global software major Adobe to help children develop creative expression in classrooms using the application Adobe Express. Training and certification in creativity and…
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The rupee plunged by 35 paise to close at 83.06 (provisional) against the U.S. dollar on Tuesday, amid a strong American currency and higher crude oil prices. Foreign fund outflows from the domestic equity markets also weakened the local currency. At the interbank foreign exchange market, the local unit opened at 82.78 against the U.S….
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Equity benchmark indices Sensex and Nifty closed higher for the third straight day on Tuesday on gains in market heavyweights ITC, Reliance Industries and Infosys amid a bearish trend in global equities. Besides, robust domestic macroeconomic data added to the positive momentum, traders said. The BSE benchmark index climbed 152.12 points or 0.23% to settle…
Read More “Markets log gains for 3rd day on buying in Reliance, Infosys” »
Nirmala Sitharaman asked banks, financial institutions to ensure customers update nominees Mumbai: Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. “I want the banking system, the financial ecosystem including the mutual funds, stock markets…
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India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month. Mumbai: India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month, a top official from the National Payments Corporation of India said today. This would be a 10-time growth over the 10 billion transactions achieved…
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