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Category: Business Updates

Business Updates

Gold Silver Rate Today: Gold price remains near three-week low globally

April 6, 2022By businessreputationdata

The opening price for 999 purity gold was Rs 60,603 per 10 grams, Rs 63 higher from Wednesday’s closing price of Rs 60, 540, while that of 999 purity silver was Rs 70,228 per kg, Rs 19 higher than closing price of Rs 70,209, the data available on India Bullion and Jewellers Association’s (IBJA) website showed.

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Business Updates

Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Antfin in no cash deal

April 6, 2022By businessreputationdata

As per the deal, Vijay Shekhar Sharma will purchase 10.3 per cent shareholding in Paytm from Antfin through his 100 per cent owned overseas entity Resilient Asset Management BV.

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Business Updates

Reliance Retail receives Rs 8,278 crore from Qatar Investment Authority, allots 6.86 crore shares

April 4, 2022By businessreputationdata

As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in the country, said a regulatory filing from Reliance Industries Ltd (RIL).

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Business Updates

Sensex rises 580 pts from day’s low, ends 79 pts higher, Nifty closes at 19,435; broader markets lose

April 3, 2022By businessreputationdata

Adani Enterprises was today’s top drag in the Nifty50 index, and fell 3.64 per cent today, to close at Rs 2,446.95.

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Business Updates

WeWork, once most valuable US startup, succumbs to bankruptcy

April 2, 2022By businessreputationdata

Profitability has remained elusive as WeWork grapples with its expensive leases and corporate clients cancelling because some employees work from home.

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Business Updates

Flows into NRI deposits double to $6.1 billion in April-October period

April 1, 2022By businessreputationdata

Fresh inflows under various non-resident deposit schemes doubled to $6.1 billion in April-October 2023 from $3.05 billion in the same period of the last year, a recent Reserve Bank of India (RBI) data showed.

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Business Updates

SEBI extends deadline for listed companies to confirm or deny market rumours

March 31, 2022By businessreputationdata

There were many instances in the past where manipulators floated rumours in the market to rig share prices.

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Business Updates

Stock markets edge higher in volatile trade amid weak global cues

March 31, 2022By businessreputationdata

Among the Sensex firms, Asian Paints, Titan, Larsen & Toubro, JSW Steel, ITC, Hindustan Unilever, Maruti and Reliance Industries were the major gainers.

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Business Updates

Vedanta shares tank 9% on promoter’s plan to sell stake in company

March 30, 2022By businessreputationdata

Vedanta promoter Twin Star Holding is planning to sell a 4.3 per cent stake in Vedanta Ltd to raise up to $501 million (Rs 4,136 crore) for debt repayment.

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Business Updates

Mahindra reports highest-ever monthly sales in October at 80,679 units

March 30, 2022By businessreputationdata

Mahindra & Mahindra on Wednesday said its total wholesales increased 32 per cent year-on-year to 80,679 units in October, its highest-ever dispatches in a month.

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