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Showing posts from May, 2024

‘IBC resolved as many cases in 7 yrs as BIFR did in 30 yrs’

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Finance Minister Nirmala Sitharaman stated on Thursday that the seven-year-old Insolvency & Bankruptcy Code (IBC) has facilitated the rescue of 3,171 distressed companies and aided in the closure of those that are unviable. She pointed out that this is a significant improvement compared to the less than 3,500 cases resolved by the Board of Industrial and Financial Reconstruction (BIFR) during its over 30-year tenure, starting from 1987. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/is5r0uO

RBI moves 100 tonnes gold from UK to its vaults in India

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Reserve Bank of India has moved 100 tonnes of gold from the UK to its vaults in India, marking a significant shift in gold storage. The transfer was for logistical and storage diversification reasons. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fb6SH5L

Tata Steel's profit slides 65% to Rs 555 crore

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RBI puts curbs on 2 Edelweiss companies

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RBI has imposed restrictions on ECL Finance and EARCL, companies of the Edelweiss group, for 'evergreening' stressed loans, where lenders extend credit to borrowers unable to repay existing loans. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QR65O1g

MSMEs need common platform for freshers' hiring, training: CEOs

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MSMEs are facing challenges in availability and employability of technical school graduates and diploma holders. CEOs at a roundtable emphasized the need for a common platform for recruitment and training. Automation, digitalisation, and AI can address manpower shortage and quality issues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pYDaWdx

Adani Enterprises gets nod for ₹16,600 crore share sale

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Adani Enterprises, part of Gautam Adani's Adani Group, secured board approval to raise Rs 16,600 crore ($2 billion), following Adani Energy Solutions' approval for Rs 12,500 crore ($1.5 billion), backed by investments from Rajiv Jain's GQG, Qatar Investment Authority, and TotalEnergies, overcoming challenges from a previous Hindenburg short-seller attack. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KTFQS4B

Adani in talks with Vijay Shekhar Sharma to acquire stake in Paytm

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Adani Group chairman Gautam Adani is considering buying a stake in One 97 Communications, the company behind Paytm, as confirmed by sources. This potential deal would mark Adani Group's entry into the fintech sector, competing with major players like Google Pay and Jio Financial. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/F6TJrDX

CPC, KITES plan merger to expand footprint in senior living & geriatric care

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Sweden's EQT raises $1.6 billion for Asia fund

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Sweden-based private equity firm EQT closed a new $1.6 billion Asia-focused fund, with India expected to receive the largest capital allotment. The PE firm raised more than its $750 million target and has already invested in the healthcare, financial services, and technology sectors in India, including acquiring a majority stake in Chennai's Indium Software. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KO0kcxL

Sensex hits 76,000 for first time, gives up gains amid volatility

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Sensex and Nifty faced profit booking and volatility ahead of major events, with investors cautious of knee-jerk reactions. Market awaits key economic data for near-term direction. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vdP6CwD

7 Ways 160 kmph RRTS Trains Are Changing The Face Of Inter-City Travel

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Ex- cabinet secretary Pradeep Kumar Sinha is ICICI chief

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Dalal Street braces for volatility as Lok Sabha elections enter last leg

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Odisha Board Class 10th results out, portal active: Here's the direct link to check

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Odisha Board announced the Class 10th Result 2024 with 96.07% pass rate. Girls outperformed boys. Top-performing districts were Cuttack and Jagatsinghpur, while Nuapada recorded the lowest pass rate. To check results, visit orissaresults.nic.in or bseodisha.nic.in and provide Roll Number and Date of Birth. Access results via Digilocker using Aadhar card number in the Education Category under Odisha BSE Exam. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/CQThX1m

Odisha Board 10th result 2024 declared at bseodisha.ac.in, 96.07% students pass: Access scorecards after 11:30 AM

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The Odisha Board announced the Class 10th Result 2024 today, with 5.41 lakh students appearing for the exams. Achieving a commendable 96.07% pass rate, 5,30,153 students successfully passed, albeit slightly lower than last year's 97.99%. Girls outperformed boys, and top-performing districts were Cuttack and Jagatsinghpur, while Nuapada recorded the lowest pass rate.To access results, visit orissaresults.nic.in or bseodisha.nic.in and provide Roll Number and Date of Birth. To qualify for the 11th grade, students must score at least 30 marks in each subject and maintain an overall grade point average of 33%. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/lEkSJrg

Indian Railway ICF Chennai Recruitment 2024: Apply for 1010 vacancies, direct link here

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Indian Railway ICF Recruitment: The Indian Railways' Integral Coach Factory has started online applications for 1010 apprentices in various engineering trades at pb.icf.gov.in. Here is the direct link to apply, eligibility details, stipend and more. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/bvQj3qf

JIPMAT 2024 city intimation slip released, admit cards expected soon: Direct link to check

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The National Testing Agency (NTA) has released the city intimation slip for the Joint Integrated Programme in Management Admission Test (JIPMAT) 2024. Candidates can now download their exam city slip from the official website, jipmat.nta.ac.in, using their application number and date of birth. This slip is not the official admit card. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/nGuFNHj

'India should impose wealth tax on ultra rich to tackle inequality'

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A new paper by the World Inequality Lab proposes an annual wealth tax and an inheritance tax for those with net wealth exceeding Rs 10 crore. The paper, authored by Thomas Piketty, Nitin Kumar Bharti, and others, aims to tackle wealth concentration at the top. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wnEtIhd

Sebi tweaks derivative scrips' price band norms

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Sebi on Friday modified guidelines for dynamic price bands for scrips in the derivatives segment in a bid to strengthen volatility management and minimise information asymmetry. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nYKdaJL

Google invests $350 million in Flipkart for minority stake

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Google has invested $350 million in Flipkart as part of a funding round led by Walmart, increasing Flipkart's valuation to over $35 billion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CKivgWP

IndiGo nets nearly $1 billion annual profit, a first for Indian carriers

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from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KF124aD

Soon, all health insurance claims will be processed via centralised platform NHCX

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Patients who visit a hospital for treatment provide their insurance policy details or a card issued by the third-party administrator (TPA) or insurance company. The hospital then accesses the claim processing portal of the company and uploads the required documents for pre-authorisation or claim approval. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/34oOeWg

Two 10-rupee notes recovered from SS Shirala to go under the hammer in Mayfair

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LinkedIn, Nadella & others fined by RoC

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RBSE Class 12 Result 2024 Scrutiny Form released at rajeduboard.rajasthan.gov.in, direct link to apply

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The Board of Secondary Education, Rajasthan (BSER) has released the scrutiny application form for the RBSE 12th Result 2024 today, May 21. Students can apply for scrutiny by visiting the official website at rajeduboard.rajasthan.gov.in and bseronline.in. The deadline for applications is May 30 without a late fee and June 4 with a late fee. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/p79IoBK

Digital mkt: CCI chief bats for new analytical tools

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Young pet 'parents' propel India's pet care eco

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New academic year fuels retailers' sales

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Back-to-school shopping season sees a surge in demand for stationery companies like ITC and DOMS, and retailers like Reliance Retail's Smart Bazaar stores. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JTu09Rc

Record bank profits to boost loans to poor, MSMEs: PM Modi

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PM Narendra Modi praised banks for record profits in FY24, aiding the poor, farmers, and MSMEs. Challenges like bad loan provisions, bank insolvency, and govt recapitalisation were overcome, leading to a significant banking sector turnaround. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eqdjoAJ

Veggies, pulses face heatwave price pressures

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Russia freezes Deutsche Bank, Commerzbank, UniCredit assets

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N Vaghul, banker who built ICICI brand, dies at 88

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N Vaghul, a banking industry pioneer, passed away at 88 in Apollo hospital. He redefined ICICI, India's second-largest bank, and earned the Padma Bhushan. Vaghul led Bank of India, championed gender-neutral meritocracy, and mentored a generation of financial leaders like K V Kamath and Shikha Sharma. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zt0uU5N

Patanjali official, 2 others get 6 months in jail as 'soan papdi' fails quality test

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The chief judicial magistrate of Pithoragarh convicted three persons, including the assistant manager of Patanjali Ayurved Ltd, to six months in prison and fined them all for failing a soan papdi food test. On Oct 17, 2019, a food safety inspector visited Lila Dhar Pathak's shop at Main Market in Berinag, Pithoragarh, where concerns were raised about Patanjali Navratna Elaichi Soan Papdi (a sweet). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NFmS0pk

CEA: Are futures & options trading volumes sign of progress or worry?

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A finance ministry official raised concerns about the impact of futures and options trading volumes on capital market growth and household savings. The discussion included financial sector development, Nirmala Sitharaman's caution, and various financial indicators like investments in physical assets, bank advances, and mutual funds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Eij0e5H

Odisha tops in inflation, rate over 7% for 6 months

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Odisha's high inflation contrasts with Delhi's lower rates, influenced by volatile vegetable prices and RBI's insights on food price uncertainties and wheat production impact. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fLPpQ0U

Government to work with private sector for development journey: Finance minister Sitharaman

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Finance minister Nirmala Sitharaman advocated for higher manufacturing investment, contrary to some economists' advice. She emphasized collaboration with the private sector and addressed Raghuram Rajan's support for a services-led strategy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EpoTKja

Top Luxury Train In India! Jaw Dropping Pics of Maharajas' Express - Most Expensive Train by IRCTC

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Sensex swings 1,200 points, ends higher even as volatility spikes

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Dalal Street witnessed ongoing volatility with the sensex fluctuating over 1,200 points intraday, driven by domestic fund buying. India VIX surged, FIIs sold off funds, and news of new stocks on the MSCI index hinted at fresh FPI flows. Prashanth Tapse commented on the market's volatile trading session. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Li62JHN

Mahindra & Mahindra lines up Rs 37,000 crore capex in next 3 years

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Investors chase desi companies that crack AI use cases

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Investor appetite for AI startups in India is growing as fund managers chase companies like Sarvam AI and Krutrim AI. SoftBank and Antler are leading the funding landscape, with Tracxn reporting a significant increase in funding for AI startups. Companies are focusing on innovative AI solutions like ChatGPT and GenAI, attracting substantial investments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sdENXTj

SBI hikes short-term FD rates, may push other PSBs to relook

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SBI increases short-term deposit rates by up to 75 basis points to boost liquidity, replacing wholesale deposits. The move follows GST outflows and equity sales by foreign institutional investors, pushing rivals to review rates too. Mention of MSID 110157382, public sector banks, Bank of Baroda, Yes Bank, IndusInd Bank, IDFC Bank, and Dinesh Khara's statements. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1SgHoJC

Urban joblessness up to 6.7% in FY24 Q4 from 6.5% in Q3

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According to the most recent official data issued Wednesday, the unemployment rate for people aged 15 and up in metropolitan areas fell slightly to 6.7% in the January-March quarter of 2023-2024, down from 6.8% the previous year. Joblessness rate, which had soared to double digit during Covid, has stabilised over the months as curbs to ward off the pandemic lifted and economic activity gathered momentum. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YgX7fpF

Work with Sebi to avoid futures & options blowout, Finance minister Sitharaman tells exchanges

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Finance minister Nirmala Sitharaman emphasized the importance of preventing an 'explosion' in retail futures & options to maintain investor confidence amid a shift to capital markets, while also addressing dollar appreciation, rupee trade, stability under PM Modi, and promoting an investment-led growth strategy with greater openness and transparency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9scYKu1

Top 10 Countries With Highest Foreign Exchange Reserves Including Gold: Where do India, China, US stand? Check list

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7 New Expected Bullet Train Routes in India

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Election effect: Sensex swings 1k pts as FPIs keep up selling

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The Sensex experienced significant fluctuations, dropping almost 200 points before recovering and closing with a slight increase. Market sentiment is influenced by uncertainties related to polls and foreign fund selling activities. Foreign investors have sold stocks worth Rs 22,800 crore in May, while domestic investors have purchased stocks worth close to Rs 23,000 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GJobYus

Wipro to settle suit with top execs who joined rival co

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Wipro is finalizing a settlement agreement with its former CFO Jatin Dalal and former healthcare head Mohd Haque, involving a lawsuit seeking Rs 25 crore from Dalal for breach of contract and a complaint against Haque for breaching non-compete agreements by joining Cognizant. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/096vZBt

FPIs sell over Rs 17k cr stocks in 6 sessions on poll jitters

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Foreign fund managers in Mumbai are withdrawing funds due to increased market volatility caused by uncertainty about the Lok Sabha election results. Domestic institutions, especially mutual funds, have been significant purchasers on Dalal Street. Market players cite concerns related to polls and a surge in Chinese stocks as reasons for the fund outflow from India to China and Hong Kong. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xCL3Myj

Air India Express crew marked sick despite returning to service

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To fly again, the passengers who were booked have to be reconfirmed so that the flight operations resume. "As such, there is no delay on the part of the cabin crew. We also express our sincere apologies to the esteemed guests for the inconvenience caused to them," the release read. The Air India Express from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BZTP7Xe

Bihar STET Admit Card 2024 out at secondary.biharboardonline.com, direct link here

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The Bihar School Examination Board (BSEB) has issued the Bihar STET 2024 Admit Card for the Secondary Teacher Eligibility Test (STET). Candidates can access their hall tickets on the official website, secondary.biharboardonline.com. The exam will be conducted in two phases: Paper 1 from May 18 to 29, 2024, and Paper 2 from June 11 to 20, 2024. Prior to this, candidates were given the opportunity to rectify any errors on their dummy admit cards, available in phases from January 12 to February 21, 2024, and March 4 to 8, 2024. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/GHbYiJM