Category: Business News
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Gold and silver price down from record highs
(Riya Singh, Intern Journalist): Gold and silver prices have been falling for the last four days, except on Tuesday. Gold has become cheaper by Rs 1,810 per 10 gram and silver by Rs 9,655 per kg between Monday and Thursday morning. Gold prices rose by Rs 324 to Rs 50,824 per 10 gram in the…
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CBDT launches faceless appeals
(Riya Singh, Intern Journalist): The Central Board of Direct Taxation (CBDT) on Friday launched the faceless income tax appeals under which all appeals will be finalized in a faceless manner barring cases of major tax evasion, serious frauds, international tax, and black money act. CBDT announced that all income tax appeals ranging from “e-allocation of…
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Sensex, Nifty rebound strongly
(Riya Singh, Intern Journalist): After having nosedived 3% during the previous session, domestic benchmark indices on Friday were looking stronger. The NSE Nifty 50 reclaimed 11,000-mark, with index heavyweights supporting the move upwards. However, after the intense sell-off in global equity markets, is it safe enough to enter the stock markets again? Well, analysts still remain skeptical…
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Petrol-diesel prices
(Pooja Dubey, Intern Journalist) There has been no change in the prices of petrol and diesel from the state oil companies today. On Tuesday, the price of diesel has been reduced from 13 to 15 paise, while the reduction in the petrol price by 7 to 8 paise has been maintained. Earlier, on July 30,…
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PepsiCo closes Kerala-based factory
(Pooja Dubey, Intern Journalist) The country’s giant PepsiCo India Ltd has decided to close its production unit in Kerala. Varun Beverages, the franchisee who runs the bottling plant at Kanjikode in Palakkad, has issued a closure notice on Tuesday. PepsiCo has had to shut down the factory due to the lockdown and continuous protests by…
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Gold and Silver became cheaper for the fourth consecutive day
(Pooja Dubey, Intern Journalist) On Thursday, gold prices fell in India for the fourth consecutive day. According to HDFC Securities, gold prices fell by Rs 485 to Rs 50,418 per 10 grams in the national capital amid weak international trends. Silver fell by Rs 2,081 in the previous trade, with the precious metal closing at…
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Impact of the fall in the stock market on the gray market too
(Anjali Shreya, Intern Journalist): There was a big fall in the domestic stock market. On Tuesday, the market saw pressure. Its effect has also been seen in the gray market. In the gray market, the premium on the IPO of CAMS, Chemcon Specialty, and Angel Broking has come down significantly. Such a situation was also…
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KKR to invest ₹ 5,550 crores in Reliance Retail
(Anjali Shreya, Intern Journalist): US private equity fund KKR will invest heavily in the retail arm of Reliance Industries. This deal was announced on Wednesday. Reliance Industries informed that KKR is going to invest Rs 5,550 crore in its retail unit Reliance Retail Ventures (RRVL). The company said that after this investment of KKR, it…
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$750 Million to be invested in Reliance by KKR
(Harleen Kaur, Intern Journalist) The Global Investment firm KKR will invest $750 Million in Reliance Retail Ventures for a 1.28 per-cent stake announced by Reliance Industries on Wednesday. The investment values at a pre-money equity value of $5.72 billion.$1.5 billion had been invested this year by KKR in Reliance’s Jio Platforms.
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SBI made easy retail loan
Aatmja Kumari(Intern Journalist): State Bank of India (SBI) said on Monday that it has launched an online portal for easy restructuring of retail loans. Restructuring of home loan, auto loan, etc. will be done easily through this portal. According to the bank’s statement, by visiting the new portal https://bank.sbi/ or https://sbi.co.in, customers can see immediately…