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Business Updates

LIC acquires 6.66% stake in Jio Financial Services through demerger process

May 22, 2022By businessreputationdata

Life Insurance Corporation (LIC) on Tuesday said it has acquired 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group.

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Business Updates

Airlines likely to save Rs 150-180 cr by using Eastern Cross Taxiways at Delhi airport: DIAL CEO

May 22, 2022By businessreputationdata

DIAL had also said 55,000 tonnes of CO2 emission is equivalent to planting about 15 lakh trees.

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Business Updates

Rate cuts not even under discussion: RBI Governor Shaktikanta Das

May 21, 2022By businessreputationdata

Das said consumer price index (CPI) inflation has moderated from a peak of 7.8 per cent immediately after the onset of the Ukraine-Russia war and has come within the RBI’s target range of 2-6 per cent.

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Business Updates

States’ borrowing cost soars to 23-week high of 7.56 pc

May 21, 2022By businessreputationdata

On an annualised basis to the week, the states have drawn down 15.4 per cent more than what they had drawn in the same period last fiscal at Rs 19,500 crore.

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Business Updates

HUL appoints former revenue secy as independent director, makes key management changes

May 21, 2022By businessreputationdata

The newly-elected independent director was a 1988-batch Indian Administrative Service officer of the Haryana cadre.

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Business Updates

High food inflation: Veg, non-veg thali prices remain high, shows report

May 21, 2022By businessreputationdata

The cost of a vegetarian thali rose 24 per cent and a non-vegetarian thali 13 per cent in August when compared to the same period of last year, says a report from rating firm Crisil.

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Business Updates

Cabinet approves outlay of Rs 14,903 crore to expand Digital India programme

May 20, 2022By businessreputationdata

The Union Cabinet on Wednesday approved an extension of the government’s flagship Digital India scheme with an outlay of Rs 14,903 crore for five years, starting FY2021-22 to FY2025-26.

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Business Updates

India to offer 5 million tons wheat to bulk consumers to cool prices

May 18, 2022By businessreputationdata

The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise prices, Food Secretary Sanjeev Chopra said on Wednesday.

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Business Updates

Post Galwan, in ban on Made in China, Rs 500-cr BSNL deal got through

May 18, 2022By businessreputationdata

Supreme Court, vide its order dated March 24, 2021 decided the issue relating to Rs 750 crore (with accrued interest) deposited by Jaiprakash Associates in favour of JAL.

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Business Updates

Deloitte to quit as Adani Ports’ auditor over concerns flagged by Hindenburg: Report

May 17, 2022By businessreputationdata

Deloitte in May had pointed to certain transactions flagged by the US short-seller in its report and gave only a qualified opinion, which indicates concerns by a company’s auditor.

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