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Category: Business Updates

Business Updates

LIC sells over 2% stake in Sun Pharma for Rs 4,699 crore

March 18, 2023By businessreputationdata

LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale.

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Business Updates

India mulls green power trade with SE Asia

March 18, 2023By businessreputationdata

On a consolidated net box office basis, the two Friday releases can expect to do `120-140 crore at the box office over the next week or so, say experts.

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Business Updates

Global economy’s glide to ‘soft landing’ gets bumpy as bond yields jump

March 18, 2023By businessreputationdata

The world’s finance officials, who will gather in Morocco next week for the annual meetings of the International Monetary Fund and World Bank, may disagree over the exact drivers of a global bond rout that now appears to reflect more than guessing how far central bankers will raise interest rates.

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Business Updates

DIIs infuse Rs 12k-crore in 2 weeks

March 18, 2023By businessreputationdata

Showing a reverse trend, DIIs have bought to the tune of `12,142 crore since July 21, also being net sellers on only two occasions.

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Business Updates

India will manage if oil price goes over $100, says Hardeep S Puri

March 15, 2023By businessreputationdata

India will manage if the price of oil goes above $100 per barrel even though such a price would not be in “anyone’s interest,” the country’s petroleum minister said on Tuesday at a conference in Abu Dhabi.

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Business Updates

Household debt doubles in FY23, savings more than halves to 5.15% of GDP

March 13, 2023By businessreputationdata

The net financial savings of households plunged by close to 55 per cent in FY23 to 5.1 per cent of GDP, and their indebtedness more than doubled to Rs 15.6 lakh crore from FY21, primarily led by massive borrowings from banks, shows an analysis of latest official numbers.

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Business Updates

Markets log fourth day of rally on buying in HDFC Bank

March 13, 2023By businessreputationdata

The Nifty advanced 36.15 points or 0.18 per cent to end at 19,611.05.

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Business Updates

Inflation sticky but off 15-month high, factory output shows uptick

March 13, 2023By businessreputationdata

Meanwhile, factory output grew to a five-month high of 5.7 per cent in July due to strong performance of manufacturing, mining and electricity sectors, separately released data by NSO showed.

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Business Updates

GST collection rises 10 pc to over Rs 1.62 lakh cr in Sep

March 11, 2023By businessreputationdata

The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement.

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Business Updates

Bajaj Auto September sales down 1% at 3,92,558 units

March 11, 2023By businessreputationdata

Bajaj Auto Ltd on Tuesday reported 1 per cent decline in total sales at 3,92,558 units in September 2023 compared to the same month last year.

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