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Category: Business Updates

Business Updates

Record PV, 3W retail sales aid overall auto sector to post 9% growth in April-September period: FADA

October 2, 2021By businessreputationdata

Overall registrations in the April-September period this fiscal rose to 1.10 crore units (1,10,79,116 units) as compared with 1.01 crore units (1,01,79,072 units) in the same period of the 2022-23 fiscal.

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Business Updates

Gold demand loses lustre in peak festive season as prices rally

October 2, 2021By businessreputationdata

Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold Council (WGC) said on Tuesday.

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Business Updates

Sensex tops 73,000 for first time, Nifty also closes at new high

October 1, 2021By businessreputationdata

The National Stock Exchange (NSE) companies that gained the most included Wipro Ltd, Oil & Natural Gas Corporation Ltd (ONGC), HCL Technologies, Infosys Ltd and HDFC Bank.

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Business Updates

BCCI paid Rs 1,159 cr income tax in 2021-22, 37% higher than last year

September 29, 2021By businessreputationdata

In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary gave details of the income tax paid by the BCCI and its income and expenditures in the last five years based on the returns filed.

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Business Updates

SpiceJet reports highest quarterly profit in 4 years; posts Rs 205 crore profit in Q1

September 28, 2021By businessreputationdata

SpiceJet said the profit of Rs 205 crore was on account of “strong demand for air travel in India”.

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Business Updates

UBS ends rescue packages from Swiss govt that paved way for Credit Suisse takeover

September 28, 2021By businessreputationdata

UBS said it had repaid 50 billion francs in loans from the Swiss National Bank and 100 billion francs in liquidity support from the Swiss government, while ending a 9 billion franc “loss protection agreement” with the government.

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Business Updates

Adani Ports board to meet on December 12, to consider raising funds

September 27, 2021By businessreputationdata

In November, the Gautam Adani-owned company recorded strong cargo volumes of around 36 MMT (million metric ton) — a robust 42 per cent on-year increase.

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Business Updates

Infosys, Liberty Global sign $1.6-bn deal to scale digital entertainment, connectivity

September 26, 2021By businessreputationdata

The development also highlights the growing focus of IT firms on the telecom business.

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Business Updates

FMCG firms crushing the millet year as govt pushes the healthiest grain

September 25, 2021By businessreputationdata

India’s G20 presidency will likely take millets to the centre stage.

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Business Updates

India removes additional duties on certain US products

September 25, 2021By businessreputationdata

India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America’s decision to increase tariffs on certain steel and aluminium products.

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