Tag: business news today
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Manufacturing activities fall to three-month low in November
(Pooja Dubey, Intern Journalist) The pace of growth in the country’s manufacturing activities has slowed down again. The country’s manufacturing activities have fallen to a three-month low in November due to a decrease in factory orders, exports, and purchases. This information has been found in a monthly survey released on Tuesday. The Manufacturing Procurement Managers…
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RBI imposed a fine of one crore on Jio Payments Bank
(Pooja Dubey, Intern Journalist) The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Jio Payments Bank. The penalty has been imposed by the central bank for delaying reporting of the re-appointment of the Managing Director (MD) and Chief Executive Officer (CEO). The penalty imposed on not following the rules…
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Zero Net Debt Target Expected ahead of March 2021.
(Pooja Pal, Intern Journalist): Mukesh Ambani’s target to reach zero net debt regarding oil, telecom, and retail conglomerate expected ahead of March 2021. Asia’s richest man-Mukesh Ambani has hastened the timeframe to annihilate $21billion in net debt at his Reliance Industries Ltd., looking for to repeal cynicism that emerged as consultations to vend a stake…