Category: Business

Business

MMDR Amendment Act set to encourage fresh capital investment, bring tax uniformity

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MMDR Amendment Act set to encourage fresh capital investment, bring tax uniformity

NMDC CMD and FICCI Mining Committee Chair Amitava Mukherjee | Photo Credit: PTI The MMDR Amendment Act, 2026 is expected to address long-standing operational challenges in the mining sector by bringing greater uniformity and predictability to the levy regime, FICCI Mining Committee Chair and NMDC CMD Amitava Mukherjee said on Thursday. The amendment to the…

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Business

IRDAI bars Acko General, Niva Bupa Health from opening new branches for exceeding EoM limits

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IRDAI bars Acko General, Niva Bupa Health from opening new branches for exceeding EoM limits

Insurance regulator IRDAI has barred Niva Bupa Health Insurance and Acko General Insurance from opening new branches for six months after finding that both insurers exceeded the permissible Expenses of Management (EoM) limits for 2024-25. They were “warned for failure to remain within prescribed EoM limits and directed not to open any new place of…

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Business

USFDA clears Strides’ manufacturing unit in Bengaluru

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USFDA clears Strides’ manufacturing unit in Bengaluru

The FDA headquarters in the U.S. | Photo Credit: Getty Images Strides Pharma Science Limited on Thursday said its flagship manufacturing facility in Bengaluru has received the Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (USFDA), marking the successful closure of the regulatory inspection. The USFDA conducted a current Good Manufacturing Practices…

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Business

Growth in core sectors slows to 5.4% in July 2026

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Growth in core sectors slows to 5.4% in July 2026

The data on the Index of Core Industries (ICE) released by the Ministry of Commerce and Industry, however, showed that July’s growth was still the second-fastest in seven months. (Representational image) | Photo Credit: Getty Images/iStockphoto Economic activity in India’s core industrial sectors saw growth slow to 5.4% in July 2026 from 6% in June,…

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Business

Sensex jumps 628 points, Nifty snaps 7-day losing streak

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Sensex jumps 628 points, Nifty snaps 7-day losing streak

Benchmark equity indices bounced back on Thursday (August 20, 2026), with the Sensex climbing 628 points and the Nifty snapping its seven-day losing streak to end at 24,231.85, tracking a rally in world markets as easing global bond yields revived risk appetite. Fresh foreign fund inflows also added to the markets’ optimism. The 30-share BSE…

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Business

Rupee settles on flat note, higher by 3 paise at 95.70 against U.S. dollar

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Rupee settles on flat note, higher by 3 paise at 95.70 against U.S. dollar

File photo for representational purposes only. | Photo Credit: Reuters The rupee pared initial gains and settled for the day with gains of just 3 paise at 95.70 against the U.S. dollar on Thursday (August 20, 2026), as the support from the weaker dollar index was negated by elevated crude oil prices. Forex traders said…

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Business

Supreme Court upholds definition of ‘industry’ as per Industrial Relations Code, 2020

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Supreme Court upholds definition of ‘industry’ as per Industrial Relations Code, 2020

Supreme Court, in a majority opinion clarified that the 1978 judgment’s interpretation would not affect or influence ‘industry’ in Section 2(p) of Industrial Relations Code 2020. | Photo Credit: Shiv Kumar Pushpakar A Nine-judge Bench of the Supreme Court on Thursday (August 20, 2026) held that the expansive definition of ‘industry’ under Section 2(j) of the…

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Business

Stock markets rebound in early trade; Sensex jumps over 500 points

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Stock markets rebound in early trade; Sensex jumps over 500 points

A screen displays market results outside the Bombay Stock Exchange (BSE) in Mumbai | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty rebounded in early trade on Thursday (August 20, 2026), tracking a recovery in world markets as easing US Treasury yields improved global risk sentiment. Fresh foreign fund inflows also added to the…

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Business

Rupee rises 17 paise to 95.56 against U.S. dollar in early trade

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Rupee rises 17 paise to 95.56 against U.S. dollar in early trade

Image used for representational purposes. File | Photo Credit: Reuters The rupee appreciated 17 paise to 95.56 against the American currency in early trade on Thursday (August 20, 2026) tracking a weak U.S. dollar, after the U.S. Treasury announced that it would double its buyback operations for longer-dated Treasury bonds. Forex traders said the dollar…

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Business

With focus on luxury tea-inspired hospitality, Sri Lanka’s Dilmah group to launch Thambapanni in India

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With focus on luxury tea-inspired hospitality, Sri Lanka’s Dilmah group to launch Thambapanni in India

The launch is a significant milestone in Dilmah’s renewed focus on India Sri Lankan tea giant Dilmah group is set to foray in the Indian luxury market by launching Thambapanni, a luxury collection of Indian teas which will be available only to premium hotels in the country in the form of pyramid bags and loose…

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