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Category: Business Updates

Business Updates

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

July 11, 2020By businessreputationdata

The Office for National Statistics said the economy expanded by 0.2% in the April to June period, compared with the three-month period.

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Business Updates

RBI, banks plan new features to boost CBDC transactions: Report

July 10, 2020By businessreputationdata

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI’s one million-a-day target by 2023 end.

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Business Updates

Govt begins process of constituting Sixteenth Finance Commission

July 9, 2020By businessreputationdata

Terms of Reference and members are also expected to be announced soon after state elections. States have already given their suggestions for terms of reference.

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Business Updates

IndusInd Bank Q2 profit jumps 22% to Rs 2,202 crore

July 9, 2020By businessreputationdata

IndusInd Bank on Wednesday posted 22 per cent rise in consolidated net profit at Rs 2,202 crore for September quarter 2023-24, aided by decline in bad loans and a rise in interest income.

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Business Updates

RBI proposes to bar recovery agents from calling borrowers before 8 am, after 7 pm

July 8, 2020By businessreputationdata

Regulated entities include banks, regional rural banks, payments and small finance banks, NBFCs, housing finance companies, urban, state and central co-operative banks.

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Business Updates

Sahara Group chief Subrata Roy, who once ran an empire, dies at 75

July 8, 2020By businessreputationdata

Subrata Roy, who called himself the Chief Guardian of Sahara India Pariwar, was known for his political connections and controversial ventures in the world of business and finance.

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Business Updates

Sensex ends 367 points higher, Nifty above 19,750; NTPC jumps 4%, broader markets outperform

July 8, 2020By businessreputationdata

As per the Income Tax department, more than 6.5 crore returns had been filed for FY 2022-23 until July 31, crossing last year’s filings till July 31.

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Business Updates

Thali prices rise by 5-10% in November: CRISIL

July 7, 2020By businessreputationdata

The uptick was attributable to a substantial 58 per cent and 35 per cent on-month increase in onion and tomato prices, respectively, prompted by festive demand and lower output in the kharif season due to erratic rainfall conditions.

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Business Updates

Air India launches 4-day sale on flights across domestic and international routes: Check all details here

July 7, 2020By businessreputationdata

Air India is offering fares starting from Rs 1,470 for economy, and Rs 10,130 for Business Class on domestic routes.

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Business Updates

India’s services sector grew at faster pace in September, optimism at 9-year high

July 7, 2020By businessreputationdata

S&P Global’s India services purchasing managers’ index rose to 61.0 last month from 60.1 in August, confounding expectations in a Reuters poll for a dip to 59.5.

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