Economy
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US announces additional COVID-19 aid of $41 million to India
The US has announced an additional $41 million assistance to help India tide over the second wave of coronavirus and…
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Mehul Choksi not yet fugitive economic offender, Bombay HC asks PMLA Court to wait for 3 weeks
The Bombay High Court, on June 18, extended its interim relief order for Mehul Choksi in the Prevention of Money…
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Sensex jumps over 150 pts to fresh high; Nifty crosses 15,900
Equity benchmarks Sensex and Nifty scaled fresh intra-day records in opening trade on Monday, tracking gains in heavyweights Reliance Industries,…
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India’s business activity picking up faster after second wave compared to last year says Nomura
Higher mobility suggested a pickup in services, especially transportation, reinforcing the view that May was the worst hit by the…
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Indian economy improves in may
India’s economy showed more signs of cooling in May, but the weakness is already beginning to dissipate of late as…
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Pharmeasy raises an additional $300 million from investors, aims for IPO in 6-18 months
Pharmeasy has raised an additional $300 million from its existing investors, largely to fund its acquisition of Thyrocare, Siddharth Shah,…
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Asian markets lower after Wall Street recovers to new high
Asian stock markets declined Monday after Wall Street hit a new high as investors looked ahead to manufacturing indicators from…
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Maruti Suzuki launches vehicle subscription services in 4 more cities
On Monday, the country’s largest carmaker Maruti Suzuki India said it has expanded its vehicle subscription services to four more…
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US economy grows 6.4% in Q1
The US economy grew at a solid 6.4% rate in the first three months of the year, setting the stage…
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RBI’s hoarding of forex reserves over currency concerns will be counter-productive
The Reserve Bank of India (RBI)’s foreign exchange reserves have been increasing sharply, suggests new data. Since April 2020, the…
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Jet Airways shares continue to fly high
Shares of Jet Airways extended their rally to Wednesday, gaining 5 per cent, after the National Company Law Tribunal (NCLT)…
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The Indian rupee strengthened by 12 paise to 74.25 against the US dollar in early trade
Traders said the Federal Reserve Chair Jerome Powell’s comments that the US central bank will not raise interest rates too…
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Former Infosys CEO to head task force to reform in bureaucracy
Former Infosys NSE 3.43 % CEO S D Shibu Lal was on Wednesday appointed chairperson of a three-member task force…
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Eurozone economy booms at fastest rate in 15 years
Business activity in the eurozone jumped at its fastest rate in 15 years this month, a closely watched survey said on Wednesday, as a reopened economy unleashed pent-up demand. Economic…
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States’ borrowing costs rise after yields touch 7 per cent says report
Notwithstanding the Rs 10,000-crore liquidity infusion through the G-Sap route by the RBI last week and fewer states tapping the…
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India signs cooperation MOU in agriculture with Fiji
Union Minister for Agriculture & Farmers Welfare, Narendra Singh Tomar and Fiji’s Minister of Agriculture, Waterways & Environment, Dr. Mahendra…
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Cryptocurrency fills the gaps in Venezuela’s economy
As hyperinflation and U.S. sanctions disturbed Venezuela’s economy, cryptocurrency is providing services handled elsewhere by the traditional banking system.It has…
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ED transfers a portion of assets seized in Mallya, Modi cases to PSBs
The Enforcement Directorate (ED) on June 23 said that it has transferred a part of the seized assets in cases…
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UK begins talks to join Asia-Pacific free trade pact
Britain will start negotiations to join a free trade area which could grant businesses access to “some of the biggest…
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Indian government to seek details from Swiss banks about deposits
The finance ministry on Saturday stated that Indian customer deposits in Swiss banks have fallen since 2019, but said it…
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