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Category: Business Updates

Business Updates

Maruti Suzuki enters above Rs 20-lakh segment with premium MPV Invicto

December 10, 2022By businessreputationdata

The 30-share BSE Sensex dipped 33.01 points or 0.05 per cent to settle at 65,446.04. The benchmark remained in the negative territory for most part of the trade and fell 222.56 points or 0.33 per cent to 65,256.49 in intra-day.

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Business Updates

India’s manufacturing PMI growth eases to 57.5 in September

December 9, 2022By businessreputationdata

India’s Manufacturing Purchasing Managers’ Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1.

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Business Updates

About 93% Rs 2,000 currency notes returned to banks: RBI

December 9, 2022By businessreputationdata

The Reserve Bank of India said that around 87 per cent of the total notes received were in the form of deposits, while the remaining 13 per cent were exchanged with lower denomination bills.

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Business Updates

Markets hit new peak on FPI buying; BSE market cap closes above Rs 300 lakh crore

December 7, 2022By businessreputationdata

The cash-strapped budget carrier stopped flying from May 3 and is undergoing insolvency resolution process and aviation regulator DGCA is doing a special audit of the airline, which has sought approval for restarting operations.

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Business Updates

RBI MPC meet: Reserve Bank hits pause for 3rd time, repo rate unchanged at 6.5%

December 7, 2022By businessreputationdata

RBI Monetary Policy August 2023: Shaktikanta Das said that the headline inflation after reaching a low of 4.3 per cent in May 2023, rose in June and is expected to surge during July and August, led by vegetable prices.

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Business Updates

Zurich Insurance to acquire 51% in Kotak General for Rs 4,051 crore

December 7, 2022By businessreputationdata

The investment will be through a combination of fresh growth capital and share purchase, private sector lender Kotak Mahindra Bank said in a regulatory filing.

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Business Updates

Serum Institute CEO Adar Poonawalla buys London mansion: Report

December 5, 2022By businessreputationdata

According to ‘The Financial Times’, the Poonawalla family has agreed a deal for the 25,000 square foot Mayfair mansion near Hyde Park named Aberconway House in what is expected to be the most expensive house sale of the year for the UK capital.

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Business Updates

TCS sacks 16 employees, bars six vendors

December 3, 2022By businessreputationdata

In June this year, a media report said that some of the senior executives of TCS were accepting bribes from staffing firms to provide jobs to their candidates. TCS, on June 23, said it launched a review to examine allegations pertaining to the Resource Management function.

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Business Updates

Centre appoints Arvind Panagariya as Chairman of 16th Finance Commission

December 3, 2022By businessreputationdata

Days before Panagariya’s term as the NITI Aayog vice-chairman came to an end on August 31, 2017, the Prime Minister appreciated his contribution in shaping NITI Aayog, and described him as his “great friend”.

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Business Updates

NSE plans to extend F&O trading hours; seeks Sebi’s nod

December 2, 2022By businessreputationdata

The bourse is planning a session from 6 pm to 9 pm after a break from the closure of the regular session from 9.15 am to 3.30 pm, Sriram Krishnan, Chief Business Development Officer of NSE, told PTI.

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