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Author: businessreputationdata

Business Updates

Rupee recovers 7 paise to close at 83.33 against dollar as rate hike fear eases

February 8, 2022By businessreputationdata

A stellar rally in domestic equities fuelled by foreign fund inflows also boosted the rupee sentiment.

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Business Updates

Banking liquidity enters deficit for first time in nearly 5 months

February 7, 2022By businessreputationdata

Indian banking system liquidity slipped into a deficit for the first time since end-March, as the Reserve Bank of India’s (RBI) temporary liquidity withdrawal and tax outflows impacted banks’ funding, traders said.

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Business Updates

Akasa Air, SpiceJet, Air India Express ‘satisfactorily’ complete 737 MAX-8 inspections on DGCA directive

February 6, 2022By businessreputationdata

There are 44 737 MAX-8 aircraft with Indian carriers currently, as per fleet databases, but not all of them are presently operational.

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Business Updates

S&P retains India’s FY24 growth forecast at 6% on slowing world economy, rising risk of subnormal monsoons

February 6, 2022By businessreputationdata

The US-based agency sees the recent spike in vegetable price inflation as being temporary, but revised up the full fiscal retail inflation forecast to 5.5 per cent, from 5 per cent earlier, on higher global oil prices.

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Business Updates

Adani Enterprises weighs selling its stake in Wilmar, exiting $6 billion JV: Report

February 3, 2022By businessreputationdata

Adani Enterprises has been considering a potential sale of its 44% stake in Adani Wilmar for a few months, according to a report.

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Business Updates

Central govt surpasses 50% of budgeted capex so far in FY24

January 31, 2022By businessreputationdata

As per Controller General of Accounts (CGA) data, the government’s capital expenditure stood at Rs 7.36 lakh crore 2022-23 against the budget target of Rs 7.5 lakh crore and revised estimate of Rs 7.28 lakh crore

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Business Updates

SAT sets aside SEBI’s insider trading order on Prannoy, Radhika Roy

January 29, 2022By businessreputationdata

The impugned order passed by SEBI’s whole time member against Prannoy Roy and Radhika Roy cannot be sustained, the SAT order said.

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Business Updates

Mukesh Ambani overtakes Gautam Adani to become richest Indian on Hurun list

January 29, 2022By businessreputationdata

Gautam Adani’s fortune fell by 57 per cent to Rs 4.74 lakh crore, amid a massive stock rout in his group firms this year, after a report by a US-based short seller against the group.

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Business Updates

Sensex down over 365 pts, Nifty slips to 19,428; IndusInd Bank drags, HCLTech rises

January 27, 2022By businessreputationdata

HCLTech jumped over 3 per cent to close at Rs 1,171.35 after the IT giant signed a deal worth $2.1 billion with Verizon Business for providing primary managed network services (MNS).

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Business Updates

L&T bags various orders under different business units

January 26, 2022By businessreputationdata

L&T on Thursday said its Buildings & Factories business has bagged several ‘large’ projects under its various business units.

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