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Author: businessreputationdata

Business Updates

TRAI moots entry fee cut for mobile, other tel service licences; suggests merger of bank guarantees

January 2, 2023By businessreputationdata

TRAI recommended the merging of FBG and PBG for Mobile Number Portability license, into a single Bank Guarantee, and favoured submission of electronic bank guarantee (eBG) for ease of doing business.

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Business Updates

Adani raises Rs 1,250 crore through first bond sale since Hindenburg report

January 2, 2023By businessreputationdata

Wipro CEO and Managing Director Thierry Delaporte noted that the company’s first quarter results came on a strong backbone of large deal bookings, robust client additions and resilient margins.

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Companies Info

Mango Transit

January 1, 2023By businessreputationdata

Mango Transit is an advanced public transit app for Windows Phone.

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Business Updates

Sensex falls 126 pts, Nifty closes at 19,734; HCLTech gains, Infosys loses, bank stocks fall

January 1, 2023By businessreputationdata

All broader market indices, except for India Vix and Nifty Microcap 250, closed in negative.

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Business Updates

Slowdown in tendering activity by Centre, states

December 31, 2022By businessreputationdata

There were tenders worth Rs 3,40,400 crore in the same period a year ago and Rs 3,38,400 crore in the first quarter of FY24.

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Business Updates

Hyundai Motor sales up 4% in July at 66,701 units

December 31, 2022By businessreputationdata

Domestic sales rose marginally to 50,701 units last month, from 50,500 units in the year-ago period, Hyundai Motor said.

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Companies Info

Atlas Van Lines

December 31, 2022By businessreputationdata

Atlas World Group, Inc. is a family of companies delivering transportation and related services globally through a network of quality agents and select service partners.

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Business Updates

GAIL net profit jumps 56% in Sept quarter to Rs 2,405 crore

December 30, 2022By businessreputationdata

GAIL’s standalone net profit of Rs 2,404.89 crore in July-September, or Rs 3.66 per share, was 54.4 per cent higher than Rs 1,537.07 crore, or Rs 2.34 a share, profit in the same period last year.

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Business Updates

Starbucks India to more than double store count to 1,000 by 2028

December 30, 2022By businessreputationdata

Since opening its first cafe in October 2012, Tata Starbucks’ store count has grown to 390. It has opened 57 stores so far this fiscal year and had added 71 in the previous fiscal.

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Business Updates

Inability to hike petrol, diesel prices ahead of 2024 LS polls to weaken OMCs’ profitability: Moody’s

December 30, 2022By businessreputationdata

Although petrol and diesel prices are deregulated, the three OMCs in the past have kept fuel prices frozen around key elections, particularly if the global rates dictated a price increase.

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