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Author: businessreputationdata

Business Updates

Rupee rises 8 paise to close at 83.16 against US dollar

March 2, 2022By businessreputationdata

The rupee oscillated between an intra-day low of 83.24 and a high of 83.12 against the greenback and finally settled at 83.16, higher by 8 paise from its previous close of 83.24.

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Business Updates

Meesho posts first-ever profit, plans IPO in 12-18 months

March 2, 2022By businessreputationdata

Meesho’s first profit comes at a time when Indian startups have been struggling to raise funds due to a funding squeeze worsened by higher interest rates and a global tech market rout.

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Business Updates

TCS cracks whip against 6 staffers in bribery case

March 2, 2022By businessreputationdata

The increase in Europe’s largest economy comes a day before the release of inflation figures for the entire 20-country area that uses the euro currency.

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Business Updates

Entities may be given a year to comply with data protection norms except age-gating: MoS IT

March 2, 2022By businessreputationdata

MoS IT Rajeev Chandrasekhar said the Data Protection Board and guidelines for the eight rules, including consent management, will be put in place within a month.

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Business Updates

Govt to review PLI progress on Jan 12, no plan to widen scheme yet: DPIIT Secy

March 1, 2022By businessreputationdata

The review comes at a time when the department is aiming to make the scheme more efficient, and is learnt to be considering course correction for sectors where the scheme has not produced expected results.

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Business Updates

RBI extends deadline to exchange Rs 2000 currency notes till October 7

March 1, 2022By businessreputationdata

The RBI, however, said Rs 2000 banknotes will continue to be legal tender.

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Business Updates

Reliance nears deal to buy Disney’s India business, says report

March 1, 2022By businessreputationdata

Disney may sell a controlling stake in the Disney Star business, which it values at around $10 billion, rather than piecemeal transactions, Bloomberg reported, citing sources familiar with the matter.

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Business Updates

Sensex climbs 364 points, Nifty closes above 19,650 after RBI MPC policy; Bajaj duo shine

February 28, 2022By businessreputationdata

BSE benchmark Sensex jumped 364.06 points, or 0.55 per cent to 65,995.63, while broader NSE Nifty50 gained 107.75 points, or 0.55 per cent to close the week at 19,653.50.

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Business Updates

Govt clears about 110 applications for imports of laptops, other IT hardware products

February 27, 2022By businessreputationdata

As many as 111 applications were received so far seeking authorization for the import of IT products, a government official said.

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Business Updates

Byju’s, creditors agree to amend $1.2 billion loan terms

February 26, 2022By businessreputationdata

The move comes as Byju’s has already let go of thousands of employees this year, while grappling with multiple legal and financial woes.

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