Category: Business News
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Share market in red mark after flat start
Aatmja Kumari(Intern Journalist) The stock market has started flat on the first trading day of the week. The Bombay Stock Exchange (BSE) Sensex lost 36 points to open at 40,649, while the National Stock Exchange’s Nifty gained 7 points to open at 11,937. However, later the Nifty also reached the red mark. By 10.45 am,…
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Co-working start up names new India CFO
Saloni Subha ( Intern Journalist ) Co-working major WeWork India on Friday said it has hired Clifford Lobo as chief financial officers. It has also appointed Hiranmai Rallabandi as general counsel while Santosh Martin has been promoted to the head of sales. “Clifford Lobo has been appointed the new CFO at WeWork India while Hirmani…
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On Diwali in America, Azamgarh’s lamps will be replaced by Chinese Jhalers
(Deepshikha Gautam, Intern Journalist) Azamgarh: This time in Nizamabad town of Azamgarh, which is famous for black pottery all over the world, there is something special this time. This time special demand for diyas has come from America. In fact, due to Corona, this time, not only in our own country but also in countries…
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Excessive debt in the company’s business model is an indicator of the basic problem
(Anjali Shreya, Intern Journalist): A senior executive of the State Bank of India (SBI) said on Saturday that the excess of debt in a business model of a company is indicative of a fundamental problem. Arijit Basu, managing director of SBI’s commercial customer groups, said the Insolvency and Bankruptcy Code (IBC) has given an equal…
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BSE ties up with ICCI to help MME
(Anjali Shreya, Intern Journalist): Mumbai, Oct 24 The stock market BSE said on Saturday that it has decided to help the Small and Medium Enterprises (SMEs) and start-ups and encourage them to get listed on the market. Has an agreement with. BSE said in a statement that under this agreement, ICCI will help in the…
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Nestle India bounces back to double-digit growth in September quarter
(Rishitha Jaladi, Intern Journalist)Delhi: Nestle India proceeded with its solid deals development in Q3 CY20 supported by solid deals in MAGGI and Nescafe espresso. “Development was driven by an improved gracefully circumstance as plants got back to typical yield. Supported by an expansion in home utilization, key brands like MAGGI Noodles, MAGGI Sauces, KITKAT, Nestlé MUNCH,…
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Good news amid Corona crisis, country’s foreign exchange reserves reach record high
(Aditya Shaw, Intern Journalist): There is good news between the coronavirus epidemic and the economy struggling with lockdown restrictions. India’s foreign exchange reserves have reached an all-time high. India’s foreign exchange reserves have reached a record level of $ 555.12 billion. The foreign exchange reserves have increased by $ 3.615 billion in the week ending…
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Banks will remain closed for three days from today, even ATMs will not support
(Aditya Shaw, Intern Journalist): Banks will remain closed from Saturday to Monday, including Dussehra. In such a situation, the ATM will not support you for two days. Therefore, withdraw cash from the ATM by Saturday. Bank branches will open on Tuesday only. Actually, being the last Saturday of the month is a weekly holiday. Dussehra…
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Guidelines for interest exemption on interest issued
(Harleen Kaur, Intern Journalist) New Delhi Giving gifts during the festive season, the Finance Ministry has issued a guideline for interest rebate on interest during the loan moratorium period. Under this, during the first loan moratorium period from March to August 31, the interest charged on interest from loan customers up to Rs 2 crore…
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This company is going to deal with Flipkart
Aatmja Kumari(Intern Journalist): The country’s leading fashion apparel company Aditya Birla Fashion and Retail is going to sell close to 8 percent of its stake to Walmart-owned e-commerce company Flipkart. This deal will be in total 1500 crores. Aditya Birla Retail has said in a statement that the company has approved raising Rs 1,500 crore…