Tag: Business

Adani Group Market Cap Jumps To 3-Month High, Adds Rs 45,200 Crore On Friday

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Overall market capitalisation of 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday Mumbai: Billionaire Gautam Adani’s ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in…

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India’s Growth To Outpace All Other G20 Economies For Next 2 Years: Moody’s

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All three global rating agencies have the lowest investment grade rating on India. (File) New Delhi: Moody’s Investors Service on Friday affirmed India’s rating at the lowest investment grade of ‘Baa3’, with a stable outlook, saying high growth will support a gradual increase in income levels, but flagged risks of populist policies due to rise…

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For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details

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Banks and NBFCs have been asked to ensure compliance of the RBI’s personal loan instructions Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments. The two decisions are expected to…

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Tata Communications Challenges Centre’s Rs 991 Crore Licence Fee Demand

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Tata Communications challenged DoT’s Rs 991.5 crore licence fee demand New Delhi: Tata Communications has challenged Telecom Department’s Rs 991.5 crore licence fee demand pertaining to past years, in TDSAT, which has directed the DoT not to take any coercive action till the next hearing, the company said in a filing on Friday. The Department…

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Rupee Falls 1 Paisa To Close At All-Time Low Of 83.10 Against US Dollar

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Rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the US dollar Mumbai: The Rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the US dollar on Friday, weighed down by a negative trend in domestic equities and foreign fund outflows….

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Air India, CFM finalise order for engines for 400 planes

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Air India has been a CFM customer since 2002 when it began operating A320 neo aircraft powered by CFM56-5B engines. | Photo Credit: The Hindu Air India and CFM International have finalised the order for LEAP engines for the carrier’s new fleet of 400 narrow-body planes. The engines will power 210 Airbus A320/A321 neo and…

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India’s wholesale prices remain in deflationary territory for third successive month in June

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The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…

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