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Category: Business Updates

Business Updates

GST Council meet: Opposition-ruled states raise concerns over inclusion of GSTN under PMLA

January 4, 2023By businessreputationdata

From the Sensex pack, Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Larsen & Toubro, Infosys, Asian Paints, Titan, Tech Mahindra, Power Grid and Reliance Industries were the major gainers.

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Business Updates

China Evergrande soars after property developer’s stocks resume trading

January 4, 2023By businessreputationdata

Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week.

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Business Updates

Automobile retail sales jump 20% in September as demand soars in festive season

January 4, 2023By businessreputationdata

Overall automobile registrations rose to 18,82,071 units last month from 15,63,735 units in September 2022, the Federation of Automobile Dealers Associations (FADA) said in a statement.

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Business Updates

Tesla on two wheels? Ola Electric feels the strains of success

January 4, 2023By businessreputationdata

Bhavish Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years.

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Business Updates

India-UK FTA talks in final stages, business mobility on the table

January 3, 2023By businessreputationdata

India and the UK are “actively” discussing business mobility under the proposed FTA, the UK minister said, clarifying that the overall visa liberalisation issues do not come under the ambit of trade pacts.

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Business Updates

TRAI moots entry fee cut for mobile, other tel service licences; suggests merger of bank guarantees

January 2, 2023By businessreputationdata

TRAI recommended the merging of FBG and PBG for Mobile Number Portability license, into a single Bank Guarantee, and favoured submission of electronic bank guarantee (eBG) for ease of doing business.

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Business Updates

Adani raises Rs 1,250 crore through first bond sale since Hindenburg report

January 2, 2023By businessreputationdata

Wipro CEO and Managing Director Thierry Delaporte noted that the company’s first quarter results came on a strong backbone of large deal bookings, robust client additions and resilient margins.

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Business Updates

Sensex falls 126 pts, Nifty closes at 19,734; HCLTech gains, Infosys loses, bank stocks fall

January 1, 2023By businessreputationdata

All broader market indices, except for India Vix and Nifty Microcap 250, closed in negative.

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Business Updates

Slowdown in tendering activity by Centre, states

December 31, 2022By businessreputationdata

There were tenders worth Rs 3,40,400 crore in the same period a year ago and Rs 3,38,400 crore in the first quarter of FY24.

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Business Updates

Hyundai Motor sales up 4% in July at 66,701 units

December 31, 2022By businessreputationdata

Domestic sales rose marginally to 50,701 units last month, from 50,500 units in the year-ago period, Hyundai Motor said.

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