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Category: Business Updates

Business Updates

Sensex up 205 pts, Nifty advances to 19,749; Infosys shines, IT index jumps over 1%

May 28, 2020By businessreputationdata

According to industry experts and analysts, crossing the payment hurdle is not going to be too difficult if India and Russia work together.

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Business Updates

India’s reliance on imported crude rises to 88.3% in April-June

May 25, 2020By businessreputationdata

The government has amended the export policy of this variety of rice from ‘Free with export duty of 20%’ to ‘Prohibited’ with immediate effect.

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Business Updates

Gautam Adani goes past Mukesh Ambani on billionaires index to become Asia’s richest

May 25, 2020By businessreputationdata

Elon Musk continues to top the index with a net worth of $220 billion, followed by Jeff Bezos at $169 billion.

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Business Updates

TCS Q2 net profit jumps around 9% to Rs 11,342 cr; announces share buyback worth Rs 17,000 cr

May 25, 2020By businessreputationdata

TCS announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on October 11.

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Business Updates

Slower revival in long-haul flights impeding India’s jet fuel demand recovery: SPGCI

May 24, 2020By businessreputationdata

According to the data released by the Petroleum Planning & Analysis Cell of the Ministry of Petroleum and Natural Gas, India’s jet fuel consumption in January-June this year was 3.94 million tonnes.

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Business Updates

SpiceJet to get Rs 500 crore from promoter Ajay Singh

May 24, 2020By businessreputationdata

TCS’ revenue from operations increased 12.55 per cent on a year-on-year basis to Rs 59,381 crore and was marginally up from the preceding March quarter’s Rs 59,162 crore.

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Business Updates

This year’s El Niño may not spell bad news for UP’s sugar mills: BCML

May 24, 2020By businessreputationdata

With 10 mills, all in eastern UP, that can together crush 80,000 tonnes of cane daily and five distilleries with combined alcohol production capacity of 1,050 kilo-litres per day (KLPD), the Rs 4,728.65-crore turnover BCML is India’s largest integrated sugar-cum-ethanol producer.

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Business Updates

P&W weighs MRO unit in India after prod from regulator

May 23, 2020By businessreputationdata

Sources said the Directorate General of Civil Aviation (DGCA) has asked P&W to set up a local MRO facility in the light of growing engine issues and no resolution in sight.

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Business Updates

Red Sea route crisis: Commerce ministry asks DFS to maintain credit flow to exporters

May 23, 2020By businessreputationdata

The high level inter-ministerial meeting was chaired by Union Commerce Secretary Sunil Barthwal and saw officials from Ministry of External Affairs, Defence, Shipping and DFS.

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Business Updates

Home Loan Tax Exemption: The Hidden Pathway to Saving Big

May 21, 2020By businessreputationdata

On May 19, RBI announced withdrawal of Rs 2,000 notes in circulation and gave public time till September 30 to either deposit the currency notes in their bank accounts or get them exchanged.

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