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Category: Business Updates

Business Updates

IndusInd Bank Q1 Results: Net profit rises 30%; says capital infusion not needed to grow biz

March 25, 2023By businessreputationdata

OYO announced its foray into premium resorts and hotels category with the launch of its new brand -Palette with plans to have a total of 50 properties by second quarter of FY24.

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Business Updates

97% of Rs 2,000 notes returned, Rs 10,000 crore yet to come back

March 25, 2023By businessreputationdata

As on May 19, the total value of Rs 2000 banknotes in circulation amounted to Rs 3.56 lakh crore.

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Business Updates

Celebrate Diwali with a 30% discount on Indian Express ePaper + Premium subscription

March 23, 2023By businessreputationdata

This Diwali, The Indian Express invites you to embrace the spirit of wisdom with an exceptional offer that’s as festive as it is enlightening. Grab a 30% discount on all our subscription plans

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Business Updates

Govt allows extra borrowing ceiling of over Rs 60,000 crore to states for NPS

March 23, 2023By businessreputationdata

. States are eligible to borrow Rs 1.43 lakh crore on the recommendation of the power ministry in FY24.

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Business Updates

UBS to absorb Credit Suisse’s domestic bank, seeks $10 billion in cost cuts

March 21, 2023By businessreputationdata

The long-awaited announcement about Credit Suisse’s home bank was made in tandem with UBS’s first earnings report since taking over its stricken rival. The decision comes despite a likely backlash in Switzerland where it could result in the loss of thousands of jobs.

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Business Updates

Outlay on roads and renewables may climb to Rs 13 lakh crore in FY24, FY25

March 21, 2023By businessreputationdata

According to Crisil, the growth is expected to sustain over the medium term, supported by conducive policies, strong investor interest and healthy financial profiles, leading to stable credit quality of companies in the Crisil Ratings portfolio in both sectors.

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Business Updates

G20 finance ministers call for swift implementation of roadmap to deal with crypto assets

March 20, 2023By businessreputationdata

The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB).

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Business Updates

Govt to release buffer onion in open market immediately to keep prices under check

March 20, 2023By businessreputationdata

The government is exploring multiple options for disposal of onion: e-auction, e-commerce as well as through states at discounted rates via retail outlets of their consumer cooperatives and corporations, it said.

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Business Updates

New home loan interest subvention plan to be announced in Sept: Hardeep Puri

March 20, 2023By businessreputationdata

PM had said in his I-Day speech that the govt will bring a new scheme to help people buy homes in cities

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Business Updates

Federal Bank net profit in June quarter rises 29% at Rs 854 crore

March 20, 2023By businessreputationdata

Edtech company Byju’s has appointed upGrad’s former top boss Arjun Mohan as its CEO for international business.

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