Tag: business news
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Businesses are booming
(Milcah Anila, Intern Journalist) New Delhi: The economy is gradually recovering from the impact of Covid-19, according to the Chief Executive Officers (CEOs) of major companies in the domestic corporate sector. This was revealed in a survey conducted by the Confederation of Indian Industry (CII) with CEOs of 115 leading companies from various sectors. ‘Economic…
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Indian spices being exported in the Corona era
(Deepshikha Gautam, Intern Journalist) New Delhi: People abroad are drinking the traditional decoction of India to avoid corona. Due to this, despite the decline in total exports of commodities, spice exports are increasing. According to the Spice Board estimates, the total export of spices during April-July this year is estimated to increase by 10 percent.…
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Chinese Bank Case: Anil Ambani told UK court,
(Deepshikha Gautam, Intern Journalist) Mumbai: In an ongoing dispute over the loan Agreement with 3 Chinese Banks, Anil Ambani himself has admitted to a UK Court that he does not have the money to pay lawyer’s fees. He is selling his precious jewels and is paying the fees. He said that the talk about his…
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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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State Business Reform Action Plan
(Deepshikha Gautam, Intern Journalist) New Delhi: The business ranking of the state and union territories were released today. The ‘State Business Reform Action Plan 2019’ was released by Finance Minister Nirmala Sitharaman. Andhra Pradesh has secured the first place, Uttar Pradesh second, and Telangana secured third place. Telangana has slipped one place to reach the…
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Japan’s economy shrank
(Rishitha Jaladi, Intern Journalist)Japan: The Japanese economy was hit by its biggest economic contraction on record in the second quarter due to the ongoing COVID-19 pandemic, according to AP citing government data released on Monday. Economy Minister Yasutoshi Nishimura said the government will take “flexible, timely” action to recover from the impact. Japan’s economy shrank…
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Special Day for Taxpayers
(Deepshikha Gautam, Intern Journalist) New Delhi: Today, 13 August 2020, is special for the honest taxpayers of the country. Prime Minister Narendra Modi launched the ‘Transparent Taxation Honor of Honesty’ program. The PM said that this will improve our tax system and will further strengthen efforts to simplify it. This will be the direction to…
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Gadkari said- Focus on quality exporter
(Deepshikha Gautam, Intern Journalist) New Delhi: Union Minister of micro, small and medium enterprises Nitin Gadkari on Tuesday emphasized that on technology updates, and competitive costs, saying that exporters should focus on doubling garments exports. Addressing a meeting of the Apparel Export Promotion Council online here, Gadkari said that to make a place in the…
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Reliance joins top 100 major companies in the world
(Deepshikha Gautam, Intern Journalist) New Delhi: Reliance Industries, led by billionaire businessman Mukesh Ambani, jumped 10 places to join the top 100 companies in the ‘Fortune Global 500’ list. Fortune magazine released this list on Tuesday. Reliance which operates in sectors such as oils, petrochemical, retail and telecommunications, has been ranked 96th in Fortune’s 2020…
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Big relief on loan installment
(Deepshikha Gautam, Intern Journalist) New Delhi: The Reserve Bank of India has allowed banks to restructure debt. That is, you can reduce the loan installment by increasing your loan term. However, the benefit of this facility will be available to the regular loan repayers till 31 march 2020. RBI Governor Shaktikant Das announced this on…