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Category: Business Updates

Business Updates

Sheela Foam to acquire 95% stake in Kurlon Enterprises for Rs 2,035 crore

February 22, 2024By businessreputationdata

As per the proposal from Foxconn Industrial Internet, the investment would require 100 acres of land and generate 14,000 jobs.

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Business Updates

Stock markets snap seven-day winning run; Sensex falls 132 points

February 22, 2024By businessreputationdata

The 30-share BSE Sensex fell 132.04 points, or 0.19 per cent, to close at 69,521.69. The gauge hit the lowest intra-day level of 69,320.53.

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Business Updates

Customers can invest in MFs using Visa debit card

February 21, 2024By businessreputationdata

Launched in partnership with Razorpay, the service is now available to customers of Federal Bank and ICICI Bank.

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Business Updates

Reliance retail arm to reduce share capital

February 20, 2024By businessreputationdata

Further, the UHPC must keep unit holders well informed about and educate them on MF products, the investor charter, and complaint-handling procedures. It shall submit its observations, along with recommendations periodically to the board of the AMC.

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Business Updates

Adani row: SEBI disagrees with expert panel, says will take action if any violation found

February 20, 2024By businessreputationdata

The report titled ‘Invesco Global Sovereign Asset Management Study’ included views from 142 chief investment officers, heads of asset classes along with senior portfolio strategists from 85 sovereign wealth funds and 57 central banks.

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Business Updates

Air India group to induct a plane every 6 days throughout 2024; kick off legacy fleet revamp

February 18, 2024By businessreputationdata

Apart from fleet expansion, 2024 will also see Air India kick off the full interior refit of 40 legacy wide-body aircraft—Boeing 777s and 787s.

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Business Updates

Markets, economic forecast stay up, but India Inc profit growth declines in Q1

February 17, 2024By businessreputationdata

Angry flyers took to social media alleging lack of communication from the airline on flight status during the prolonged delay.

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Business Updates

Forex reserves fall $14.15 bn in last one month on valuation impact, RBI intervention

February 17, 2024By businessreputationdata

From $598.897 billion as of September 1, the foreign exchange reserves have dipped to $584.742 billion, the lowest in more than five months, on October 6, the RBI data showed.

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Business Updates

No TCS for credit card spends abroad for now as govt puts decision on hold: What it means

February 16, 2024By businessreputationdata

International credit card spends outside India will not fall under the ambit of the LRS for now, the Finance Ministry said on Wednesday.

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Business Updates

PM calls for greater self-reliance in cybersecurity hardware, software

February 15, 2024By businessreputationdata

The prime minister also said that India should establish itself as a thought leader as a natural progression from being an adopter and implementer of technology.

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