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Category: Business Updates

Business Updates

India, US, 12 other IPEF members ink supply chain resilience agreement

February 8, 2024By businessreputationdata

India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF […]

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Business Updates

FY24 fiscal deficit seen at 5.9% even if nominal GDP misses Budget assumption: Official

February 6, 2024By businessreputationdata

Concerns have risen about nominal GDP growth not meeting the Budget assumption of 10.5 per cent as wholesale inflation has been negative for seven consecutive months.

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Business Updates

BPCL reports net profit at Rs 10,644 crore in April-June quarter

February 5, 2024By businessreputationdata

While the official maintained that there is no reconsideration on the rate, the issue of whether the 28 per cent GST levy should be on entry value or each bet is expected to be resolved by the Council in its meeting.

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Business Updates

RBI committed to bring down inflation to 4%; watchful of price risks: Governor Shaktikanta Das

February 4, 2024By businessreputationdata

The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side.

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Business Updates

PNB reports four-fold jump in Q2 net profit to Rs 1,756 crore

February 3, 2024By businessreputationdata

Public sector lender Punjab National Bank (PNB) on Thursday reported over four-fold jump in its net profit to Rs 1,756.13 crore in the September quarter.

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Business Updates

Airtel Q2 profit falls 37.5% to Rs 1,341 crore on one-time exceptional charge

February 3, 2024By businessreputationdata

Airtel said homes business maintains its rapid growth trajectory and delivered a revenue growth of 23.3 per cent year-on-year, result of the company’s strategy to harness the growing demand of high-speed and reliable broadband in India.

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Business Updates

RIL Q1 net drops 11% as oil-to-chemicals business takes a hit

February 3, 2024By businessreputationdata

Global stocks were mixed Friday, as the tech sell-off on Wall Street sent jitters through the market while investors prepared for key central banks to announce their latest policy decisions next week.

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Business Updates

Transport ministry finalising policy for using municipal waste in road construction: Nitin Gadkari

February 3, 2024By businessreputationdata

Addressing a press conference, Nitin Gadkari said the government is considering offering incentives to construction equipment manufacturers for not using fossil fuels.

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Business Updates

Not much of a chance for a livable future without private communication: Signal President

February 2, 2024By businessreputationdata

Meredith Whittaker, the President of the Signal Foundation – which runs the eponymous messaging app – said that privacy is about power asymmetries, with governments and corporations trying to leverage intimate information they have about people.

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Business Updates

FPIs continue to buy Indian shares in Q2; pump in Rs 21,944 crore in first week of July

February 2, 2024By businessreputationdata

The central government can issue such exemptions to entities through a notification, and the Women and Child Development Ministry, along with the IT Ministry, is expected to assess a platform’s privacy standards for children for granting them exceptions.

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