IPS, IRS, IAS & some headliners

Aryan Khan-Wankhede story shows why hallowed Class One Services needs to ask if its people are becoming famous for following their oath or not

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Dixon Technologies scouts for buys to get in global top 10 EMS league

Open to acquisition of design companies and raise manufacturing capacity

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Newsmaker: Kolkata's Big Brother Sanjiv Goenka back at the IPL crease

The genesis of the RP-Sanjiv Goenka group lies in a family settlement that formalised a division of assets between brothers Harsh and Sanjiv Goenka in 2010

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In the dark: Stress test for the coal economy in India to meet demand

The mechanics of production and supply logistics suggest that power producers will struggle in the coming year too

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JioPhone Next priced at Rs 6,499 to hit stores this Diwali: Details here

The phone will be available for purchase on Jio Mart's digital network of 30,000 partners across the country

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Is Bollywood beginning to lose its sheen?

The silver lining is that despite all of the malevolent dark clouds hovering over Bollywood, Corporate India has not curtailed its patronage of Hindi cinema

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Gubernatorial impropriety

Already under fire for undermining constitutional institutions, the BJP is understandably wary of acting precipitately

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Sir Ronald Cohen: Saving humanity in his autumn years

A peek into the life and times of Sir Ronald Cohen, author of bestselling book 'Impact'

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Loyalty beyond a boundary

Mr Tebbit's lightbulb moment came around the time Britain realised to its dismay that it had become a society of immigrants

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GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore

The company had reported a net profit of Rs 76.47 crore in the same period of the previous fiscal

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Dr Reddy's Laboratories working on enhancing Covid-19 portfolio

As for MSD's drug Molnupiravir, which is currently undergoing clinical trial in India, the company said it has already shared interim data with the drug regulator

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Reliance Jio won't opt for 4-year payment moratorium: Sources

The move comes even as its rivals Bharti Airtel and Vodafone Idea have said they will avail the four-year moratorium on payment of dues

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RBI eases current account opening rules for exposure below Rs 5 cr

Rules changed after feedback from the Indian Banks' Association and other stakeholders, says the regulator

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Adani Group buys minority stake in online travel aggregator Cleartrip

The deal is expected to close in November, subject to customary closing conditions

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Dixon Technologies Q2 profit up 19.6% to Rs 63 crore; revenue up 71%

Total expenses were at Rs 2,724.50 crore, up 73.84 per cent from Rs 1,567.18 crore earlier

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India falling behind on near-term renewables goal, says ReNew Energy Global

India recently reached 100 Gw of renewable power capacity

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Dish TV to seek more time for conducting annual general meeting

Dish TV is facing a notice from Yes Bank to remove its Managing Director Jawahar Goel and four other directors from the board

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Godrej Group headed for split of $4.1 billion business empire: Report

At present, the group is led by veteran industrialist Adi Godrej (79), who is its chairman

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Will discuss economic and health recovery at G20: PM Narendra Modi

India says hopeful of getting WHO approval for Bharat Bio's Covaxin soon

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Railway ministry asks IRCTC to share 50% of revenue from convenience fee

Sharing started in 2014 in the ratio of 80:20 between IRCTC and the Indian Railways

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Facebook changes name to Meta as it bets big on virtual reality

The new name reflected its ambitions to build the metaverse, rather than its namesake social media service, said CEO Mark Zuckerberg

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JK Tyre profit falls 41% in September quarter on back of rising input costs

Revenue from operations rose 31 per cent to Rs 2,986.66 crore year-on-year

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Reliance Jio pays Rs 10,792-crore spectrum dues to DoT

Bharti Airtel has already decided to opt for a four-year moratorium on spectrum and adjusted gross revenue dues payable to the government

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Telecom gear maker Nokia's sales in India fall 6% in September quarter

Telecom gear maker Nokia on Thursday posted a six per cent decline in sales in India at 251 million euros in the third quarter of 2021.

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Differential treatment

India must protect its interests in WTO on fishery subsidies

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Govt seeks Facebook algorithm details amid hate speech allegations: Report

The Ministry of Electronics and IT (MeITY) is learnt to have sought a clarification from the platform following recent revelations by whistleblower Frances Haugen

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Sebi brings slew of protocols under tough new investment norms for MF staff

AMC board and Trustees to ensure compliance on a continuous basis, report violations and remedial action taken by them in the periodical reports submitted to board

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Family can pull out of gold scheme in case depositor dies, says RBI

Investor's heirs need not wait any more for lock-in period to expire

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India's privacy test

The new committee can address all issues

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How to learn from setbacks

Readers should pay heed to the chapter in which Mr Erikson spells out the four stages through which one passes when trying to learn something new

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Punjab to scrap 40K pending cases of VAT against traders, industrialists

The state has also allowed faceless assessment of GST and VAT, doing away with the need for traders and industrialists to be physically present with tax officers

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Gati Shakti: Connecting the silos

There is talk of having the Gati Shakti programme initiate changes in the administrative framework at the ground level

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Who is my regulator?

RBI's recent actions against auditors highlight the need for role clarity as well as coordination among regulators

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We trust India, Bharat Bio submitting data on EUL of Covaxin regularly: WHO

WHO official says the organisation is in touch with Bharat Biotech and has 'daily conversations' 'clarifying what additional data needs' to be submitted

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First reality check launched for corporate climate claims: Details here

Large companies must convince the SBTi that they have a credible plan to halve their emissions before 2030 and eliminate 90-95 per cent of emissions before 2050 compared with a base year after 2015

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UCO Bank logs multifold jump in Q2 net profit at Rs 205 crore

UCO Bank on Thursday reported a multifold jump in net profit at Rs 205.39 crore for the second quarter ended September 2021 as bad loans fell. The Kolkata-headquartered public sector lender had registered a net profit of Rs 30.12 crore in the year-ago period. Total income in July-September 2021-22 rose to Rs 4,655.86 crore from Rs 4,327.13 crore in the year-ago period, the lender said in a regulatory filing. Reserve Bank of India (RBI) had recently removed UCO Bank from its prompt corrective action (PCA) framework following improvement in various parameters. The bank came under the purview of PCA restrictions in May 2017. "This is the best result in the last three years. This shows that the bank is on the growth path", UCO Bank MD and CEO A K Goel said. Operating profit of the lender during the second quarter of the current fiscal increased by 24 per cent to Rs 1,334 crore as compared to Rs 1,075 crore in the same period last year. The capital adequacy ratio at 14.31 per cent a

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East or west, we can now raise money from anywhere: Paytm's Vijay Sharma

In conversation with Deepsekhar Choudhury and Neha Alawadhi, Sharma speaks about his journey and the road ahead

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IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil

Expects strong traffic but high fuel prices cloud revenue recovery

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BS BFSI Summit: SFBs should look beyond universal licence, says R Gandhi

Ex-RBI deputy governor says they must become financial conglomerates

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Paytm parent firm to price IPO at Rs 18,300 crore, reveals RHP

Paytm's IPO will be the largest market debut in India yet. It increased its IPO issue size from the earlier Rs 16,600 crore due to increased investor demand

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Edward Said: From academic to global icon

This book is not a conventional biography; it is an intellectual history that explores the diverse influences that shaped Said's thinking

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EU under pressure

Future depends on how Germany responds

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Work in progress

GST must be reformed to achieve its potential

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India's post-pandemic fiscal future

The post-pandemic fiscal future would also depend on the way government expenditure is directed

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It's time for a new QES

The Quarterly Employment Survey is based on an outdated frame and will perpetuate incorrect estimates

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India's import cover fell to 15.8 months in June 2021, says RBI

At the end of September 2021, India's foreign exchange reserves stood at 635.36 billion

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Clear Air India dues, buy tickets in cash: FinMin tells ministries

The government on Monday signed a share-purchase agreement with Tata Sons for the sale of the national carrier for Rs 18,000 crore

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Maruti Suzuki Q2 net profit skids 65% to Rs 475 cr as chip shortage hurts

MSIL Chairman R C Bhargava said at 80.4 per cent of net sales, material costs stood at an all-time high at the end of the September quarter

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ITC consolidated PAT up 10% to Rs 3,763 crore in September quarter

Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year.

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Govt reconstitutes EAC-PM for two-year period; Debroy continues as head

According to a Cabinet Secretariat notification, the Council would analyse any issue, economic or otherwise, referred to it by the Prime Minister

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Govt appoints KV Kamath as chairperson of newly set up Rs 20,000-cr DFI

Centre to appoint its two nominees this week

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L&T Q2 results: Consolidated PAT falls 67% YoY to Rs 1,819 crore

Exceptional income in year-ago quarter pulled down profit

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I-T dept to help taxpayers with more info on their transactions, income

The fresh info to be uploaded in form 26AS includes remittances received from overseas, interest on income tax refund, dividend from mutual funds, purchase of MFs, among others

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Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore

State-owned Punjab National Bank (PNB) on Wednesday reported a 78 per cent increase in net profit at Rs 1,105 crore for the second quarter ended September 30

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Bajaj Auto's Q2 net rises 12% on strong exports, beats estimates

Higher input costs drag margins down to 16.4%

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BFSI Insight Summit: Small bank model has proven a success, say panelists

This was the conclusion on the fourth day of the Business Standard BFSI Insight Summit where the country's top SFB chiefs brainstormed the future of small finance banks

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IndusInd Bank Q2 net up 73% to Rs 1,147 cr on steady rise in NII, fees

Net Interest Income up 12% YoY, but Net Interest Margin dipped by nine bps

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Titan's Q2 net zooms over 270% to Rs 641 crore on demand recovery

With jewellery division doing exceeding well, and other divisions swiftly bouncing back to pre-pandemic levels, total income for the quarter was Rs 7,220 crore, including bullion sale of Rs. 192 crore

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202 notices for violation of country of origin norms on e-com players

Out of the 202 notices, the highest violations were seen in case of electronic products

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Avendus PE Investment launches second structured credit fund

The fund is targeting a total corpus of Rs 1,000 crore, including the green-shoe option of Rs 500 crore

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Union Bank of India cuts home loan rate to its lowest at 6.4%

The minimum rate of interest now starts at 6.40 per cent, instead of 6.8 percent earlier

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Hunt for new chief economic adviser starts, eligibility criteria tweaked

Subramanian's term is ending on December 6. He's decided to return to academia

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UN warns world set for 2.7C rise on today's emissions pledges

COP26 climate talks could be the last chance to curb warming

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Policybazaar's Rs 5.8k-crore IPO to open on Monday: Check details here

The IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders

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Smart World Developers to invest Rs 3,000 cr in 2 Gurugram projects

The company plans to launch two housing projects during this month after getting the necessary regulatory approvals

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Axis Bank profit jumps 86% to Rs 3,133 crore in September quarter

Strong fee income, fall in provisions boost bottom line

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2 container-based mobile hospitals soon: Health minister Mansukh Mandaviya

The Centre will monitor the use of funds after they have been released to the states

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The first proletariat dictatorship

The Commune remains, despite its short-lived existence, a testimony to the human will to rise against regimes

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An unhealthy nutrition policy

Globally, scientific studies have shown that fortification programmes lead to increased market share for larger formal players, and reduce market share of the informal sector

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IRB Infrastructure eyes Rs 5,347 crore from GIC, Spain's Ferrovial

This is the largest fundraise by a road developer

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Regulatory capture of a different kind

Three-fourths of India's top regulators are retired government officers. This trend must change

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Costs of engagement

Facebook needs better moderation

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A mammoth project to help endangered species and planet

US bio-startup Colossal says it could "help reverse climate change", "help endangered species", and "upset existing ecosystems"

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Sustainable growth

Govt needs a realistic economic assessment

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Navy officer among 5 arrested, suspected of leaking info on submarines

The CBI has arrested five persons including a commander-rank Navy officer for allegedly leaking confidential information related to an ongoing submarines project

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Banks process nearly 2 mn e-mandates for auto-payment after RBI order

Industry estimates recurring transactions at 2.5% of total volume, and 1.5% in terms of value. Of these, 75% domestic transactions, and 85% international are below Rs 5,000

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Cipla posts 7% year-on-year rise in Q2 PAT, riding on 10% revenue growth

Sequentially, however, the company has posted muted growth-revenue growth of 0.3%, and a PAT decline of 0.5%. Ebitda dipped sequentially too, by 9%

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Review of Covaxin underway, expect a recommendation within 24 hours: WHO

A technical advisory group of the WHO reviewing data on Covaxin for the emergency use listing of India's vaccine and if it is satisfied a recommendation is expected within the next 24 hours or so

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Life insurers pay out Rs 11,060 crore in Covid-19 death claims

As of October 21, life insurers settled a little over 130,000 Covid-19-related dea­th claims

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An IT, ITeS labour conundrum

The top 10 companies account for about 91 per cent of all employment among listed IT and/or ITeS firms and they make 92.4 per cent of all wage payments to them

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Exploration and identity

Mr Vatsa narrates both history and personal anecdotes with poetic charm

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The revenge of supply

One underlying problem today is the intersection of labour shortages and Americans who are not even looking for jobs

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Climate treaty must lead to action

An agreed destination is not enough. There must be an agreed road map

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Inside Curefoods: How Ankit Nagori is building a Thrasio of cloud kitchens

Curefoods wants to be a $100-million revenue business by the end of 2022-23

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Heady reform

Implementing UN resolution on cannabis is sensible

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JioPhone Next smartphone will be powered by Pragati OS: Check details here

The smartphone, developed in partnership with Google, will be rolled out before Diwali after missing its September 10 launch due to global chip shortages

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Clear regulations

Address regulatory gaps for digital gold

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Bharti Airtel opts for four-year moratorium on payment of AGR dues

It is learnt that the letter of acceptance was sent by the company to the department of telecommunications (DoT) last week

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Trump-tied meme stock world gets bigger with NFT drop

Shares in Creatd Inc. surged as much as 69% after the company announced a new non-fungible token art drop through its OG Gallery unit consisting of three photographs of Trump

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TVS Motor ties up with Bahwan International to strengthen presence in Iraq

As per the deal, ARATA International FZC, a subsidiary of Bahwan International Group (BIG), will be the new distributor of TVS in Iraq

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Inox Wind arm inks share purchase agreement to divest stake in six firms

Inox Wind on Monday said its arm has inked a share purchase agreement to sell its entire equity stake in six firms to wholly-owned subsidiary Resco Global Wind Services.

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Banks extend Rs 11,168 cr loans in outreach programme during festive season

Public sector and private banks have sanctioned over 193,000 loans via 924 camps in 405 districts from October 16-20, FM Nirmala Sitharaman says in Tweet

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Indian restaurant industry shrank 53% in pandemic year: NRAI report

The contraction in the food services industry led to the permanent closure of over 25 per cent of food business operators, which resulted in job losses of nearly 2.4 million in India

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BFSI Insight Summit: It's advantage financial sector, say CEOs of top NBFCs

Pie is large and open to all, may even take half a century to reach saturation point when firms can seriously worry about competition, they say at Business Standard Summit

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150 Amrapali home buyers to get flats on Diwali, Supreme Court told

Around 150 flats completed by NBCC in a stalled project since the real estate company ran into trouble will be given to them on the occasion of Diwali, the Supreme Court was informed on Monday

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FM asks civil aviation ministry, DoT to expedite capital expenditure

Finance Minister Nirmala Sitharaman on Monday reviewed the progress of capital expenditure by the civil aviation ministry and the telecom department and asked them to expedite projects

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SII seeks regular marketing authorisation from DCGI for Covishield

If the DCGI grants regular marketing authorisation, Covishied will be the second vaccine in the world to receive such approval

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Telecom operators seek six-month extension of 5G trial period

Telecom operators, including Reliance Jio, Bharti Airtel and Vodafone Idea, have asked the Department of Telecom to extend the 5G trial period by six months. In May, the government allocated spectrum to the telecom companies in 700 Mhz band, 3.3-3.6 Gigahertz (Ghz) band and 24.25-28.5 Ghz band for trials across various locations for six months. "All telecom companies have asked for extension of 5G trials by another six months," a senior government official told PTI. The current trial period ends in November. The Department of Telecom (DoT) has started the process for commercial roll out of 5G by seeking telecom regulator Trai's view on the pricing and methodology for the spectrum auction. While there is no clarity on the timeline of the spectrum auction, industry sources expect it to take place in April-June 2022 period. On May 4, DoT cleared applications from Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL for conducting 5G trials without using technologies from Chinese ...

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Peanut penalty and reputation risks for banks

Is it becoming a routine affair, like being fined by the traffic police for jumping the red light or by a TTE for travelling without a ticket on a Mumbai local?

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Valuation, Jio subscribers miss cap upsides for Reliance Industries

With low visibility in tariff hikes, strategic sale in oil-to-chemical biz a near-term trigger

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Story in numbers: Prayagraj tops the 2020 list with 634 cybercrime cases

Prime Minister Narendra Modi's parliamentary constituency, Varanasi is second highest with 487 cases

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Shiba Inu rises 50% to be 11th-biggest cryptocurrency coin by market value

SHIB, as it's known, was up 50 per cent in the 24 hours through 10:10 am New York time on Sunday, according to pricing from CoinGecko.com

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UniCredit, Italy talks over Banca Monte dei Paschi sale collapse

The hurdles meant the two sides couldn't take forward a July agreement that the deal would be capital neutral for UniCredit and help the bank generate higher profit

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China does not have any right in choosing next Dalai Lama: Monastery Head

The head said only the current Dalai Lama and the Tibetan people have the right to decide about the succession of the Tibetan spiritual leader and China has no role to play in the matter

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China expects new Covid-19 outbreak to widen in coming days

The current outbreak in China is caused by the delta variant from overseas, Wu Liangyou, an official at the National Health Commission, said at a briefing in Beijing

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Understand policy coverage before buying

The National Commission observed that both the insured and his spouse were doctors and hence capable of understanding the scope of the policy

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UK targets £8 billion in extra health research, education spend

The announcements, which include a raft of smaller spending decisions, follows news of £6.9 billion for regional transport projects ahead of a major review of government spending

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Xpeng shows plan to go beyond cars with AI, flying car, robot

An advanced point-to-point driver assistance program known as XPILOT 4.0 is planned for rollout in the first half of 2023, and will be equipped on Xpeng's next product -- an electric SUV

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Back to square one

Kashmir's future is caught in a vicious circle

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Elon Musk's Boring Co. will pay fees of up to 5% on Las Vegas loop sales

Clark County commissioners approved an agreement for Boring Co. to expand an existing Loop tunnel to more parts of Las Vegas, as far south as Allegiant Stadium, where the Raiders play.

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Climate ambition

Many of the net zero commitments are disappointing

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Elon Musk's Starlink may use Vodafone spectrum to expand service in UK

Deal would expand its low-earth satellite broadband service; Vodafone seen close to striking a satellite frequency deal

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China widens property-tax trials with levy on residential property owners

The plan, approved by the National People's Congress Standing Committee, China's top legislative body, is designed to guide rational property buying and will last for five years

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Bad bank, good intentions and bad lending

If PSBs cannot lend as indiscriminately as they did last time in the name of "credit expansion", how well will these banks do?

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No heroes at COP

If COP26 fails, it will be because of misplaced targets from the West and China, and a lack of ambition and imagination from India

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Saudi Arabia to use $110 billion natural gas field for blue hydrogen

A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen, according to Energy Minister Abdulaziz bin Salman

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Will have something that will meet Biden's climate goal: Nancy Pelosi

She said she also hoped to have votes on President Joe Biden's infrastructure and Build Back Better deals in the coming week.

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China targets more than 80% non-fossil energy use by 2060

The measures are part of China's larger plan for achieving peak carbon emissions and reaching net-zero by 2060

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Vax milestone and a K-shaped problem

Lower-income groups will be far more vulnerable in the Third Wave, whenever that arrives

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Four-tier scale-based regulatory guidelines for NBFCs from Oct 2022: RBI

Regulator limits IPO financing at Rs 1 cr per borrower

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Paytm's Rs 16,600 cr IPO gets Sebi nod, listing likely in November: sources

Paytm was launched in 2009 as a mobile-first digital payments platform to enable cashless payments

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Growth recovering, but external shocks pose biggest risk to prices: MPC

There is a slack in the economy, and the RBI governor expected it to exceed the pre-pandemic level of output only in the third quarter of 2021-22

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BS BFSI Insight Summit: Time for crypto regulation, say panellists

Most of the panellists felt cryptos are here to stay and attention should shift to how it can be regulated

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HDFC Life profit falls 16% in Q2 on account of high Covid-19 claims

Net premium increased 14 per cent to Rs 11,443.96 crore against Rs 10,045.44 crore a year ago

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Can't guarantee India's concerns will be addressed, says WTO D-G

But assures the long-standing issue of farm, fisheries subsidies will be heard at ministerial

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Onion, edible oil prices to cool down during festival season: Centre

The Centre estimates onion production in the kharif season to be around 4.38 million tonnes

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RIL Q2 net profit jumps 43% to Rs 13,680 crore, beats estimates

The consolidated top line or net revenues from operations in the period under review stood at more than Rs 1.67 trillion

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US President Joe Biden says would defend Taiwan from attack by China

Biden answered "yes" when asked during a CNN town hall Thursday whether he could pledge to protect Taiwan.

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Biden backs down on corporate tax hikes, open to altering filibuster

When asked about voting rights, Biden expressed support for changing the Senate filibuster tradition, which requires 60 of 100 US senators to agree on most legislation

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Jio reports 23% rise in net profit, loses 11 million mobile users

The company said Covid-19 impact in the previous quarter led to a churn of low-end subscribers and resulted in a fall of customer base.

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Tata Consumer Sept qtr net up 5% at Rs 286 crore, revenue grows 9%

Revenue growth mainly driven by the beverages and the foods segments

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Hindustan Zinc reworks export strategy amid high port logistics costs

The company has chosen alternatives such as Nepal, South East Asia and Bangladesh which are neighbouring markets and more reliable

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Two 'A's plus… Could concentrated corporate dominance fade away in India?

It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, writes T N Ninan

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Astra's Covid-19 vaccine found safe for pregnancy, fertility in study

The rate of miscarriage was roughly the same between the vaccine and placebo groups

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Evergrande staves off default, pays overdue dollar bond interest

Next interest payment deadline comes due in a week's time

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Twitter's algorithm favours right-leaning politics, finds research

Home feed promotes rightwing tweets over those from the left, internal research finds

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Morgan Stanley's robots saved 50,000 hours of work, says report

Morgan Stanley figures it has saved legal staffers 50,000 hours of work and $10 million in attorney fees by using robot Libor lawyers instead of only the human kind

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US budget deficit hits $2.77 trillion in 2021, the second highest

The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic

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Tata Motors DVRs surges 10% after Rakesh Jhunjhunwala's bet

A host of good news and a strong business outlook could lead to multiple re-rating for the stock

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Mauritius exits FATF grey list, Pakistan remains on the list

Mauritius was put on the list by FATF in February 2020, and that had a significant impact on its credibility as a prudent and compliant jurisdiction

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Facebook's independent oversight board seeks more transparency

The comments follow a report last month that said millions of Facebook accounts belonging to celebrities, politicians and other high-profile users were exempted from some internal checks

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BCCI could earn up to $5 billion from IPL broadcasting rights

The current five-year rights are with Star India. The valua­tion is at Rs 16,347.50 crore ($2.55 billion) right now.

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Market volatility increases as marquee IPOs get ready for launch

At least six firms looking to raise Rs 20,000 crore to hit Street soon­

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Amazon moves Supreme Court against Future Group shareholders' meet

Amazon has sought the top court's direction to set aside the NCLT order that allowed Future Group firms to hold EGMs for Reliance Retail deal

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NATO defence ministers may agree to plan to deter Russian threat

The strategy, which is confidential, goes beyond existing regional defence plans and aims to prepare for any simultaneous attack in the Baltic and Black Sea regions, possibly including nuclear weapons

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WeWork goes public through SPAC, 2 years after failed IPO attempt

The office-leasing company scrapped plans for an IPO in 2019 after investors' concerns over its business model and corporate governance and its founder and former CEO Adam Neumann

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Paytm may skip pre-IPO share sale to fast-track listing

Paytm, backed by SoftBank, Berkshire Hathaway, and Jack Ma's Ant Group, plans to raise as much as $2.2 billion from its share sale, according to its draft prospectus

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UN sets up special trust fund for 'people's economy' in Afghanistan

With the local economy "imploding", the aim is to inject liquidity into Afghan households to permit them to survive this winter and remain in their homeland

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Best Global Brands 2021: Apple retains top spot, Tesla highest gainer

Valued at $249,249 million, Amazon ranks second; Microsoft, Google, and Samsung follow

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Tesla Q3 revenue skirts semiconductor woes, beats profit projections

The results mark the ninth straight quarter of profit for the 18-year-old electric carmaker and came despite obstacles that included backups at ports and even rolling blackouts in China

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Volvo warns chip stortage, supply-chain snarl will curtail truck production

The supply situation that's characterized by "disruptions, unpredictability and a lack of freight capacity" is delaying deliveries to customers, Volvo Chief Executive Officer Martin Lundstedt said

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Leak of documents reveals nations lobbying to change key climate report

Countries asking UN to play down the need to move rapidly away from fossil fuels

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US FDA clears Moderna, J&J booster shots; backs Covid-19 vaccine mixing

Pfizer and BioNTech said a booster shot of their Covid-19 vaccine restored full protection in a large study, results that are likely to bolster the argument for giving a third dose more widely

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The World Bank as a cash-transfer algorithm

The Bank should align its priorities with the growing trend in poor countries to adopt cash transfers and a universal basic income.

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Predictable climate finance in focus for India at COP26 summit

"Since 2017, we have had more renewable energy in the energy mix in India than fossil fuels", says Harsh Shringla, Foreign Secretary

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Bombay HC asks ZEEL board to call the EGM as requisitioned by Invesco

During the proceedings, Justice Patel said denying the right to call an EGM would set a "ferocious" precedent. ZEEL said it would inform the court on Friday about the EGM date

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Amazon to hike annual Prime membership fee to Rs 1,499, monthly fee Rs 179

Amazon is set to increase the price of the annual membership of its Prime programme in India by 50 per cent to Rs 1499. Monthly and a quarterly fee of Prime membership - which offers users access to Amazon Prime Video and one-day delivery on millions of items on the e-commerce platform - is also being hiked. "The price of Prime memberships in IN (India) is being revised from Rs 999 to Rs 1,499 (annual plan), Rs 329 to Rs 459 (3-month plan), and Rs 129 to Rs 179 (monthly plan)," an Amazon spokesperson said. The spokesperson added that the price of prime membership in India will be changing very soon, and the company will announce the exact date of the price change at a later time. "Since the launch 5 years ago in India, Prime has continued to increase the value it offers members. Prime provides an unparalleled combination of shopping, savings, and entertainment benefits to make life more convenient and entertaining every single day, and we continue to invest in making Prime even mor

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Indian Hotels' net loss narrows to Rs 130 cr in Q2 on strong recovery

To raise Rs 4000 cr via Rights Issue and QIP

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OnePlus promotes Navnit Nakra as India CEO and Head of India region

Smartphone maker OnePlus on Wednesday said it has elevated Navnit Nakra as its India CEO and Head of OnePlus India region operations. As part of this new senior leadership role, Nakra will spearhead the company's business operations and overall strategy for the India region, a statement said. Nakra, who was previously serving as the Vice President, Chief Strategy Officer and Head of Sales in India, joined the company in February last year. Navnit has successfully led the strategy and sales operations at OnePlus India, and our team has gained immense growth under his leadership. India continues to be an important market for OnePlus, and we continue to focus on our India community's needs as we work towards building a newer, more innovative ecosystem of products and services," Pete Lau, Founder of OnePlus and Chief Product Officer of OPPO, said. He exuded confidence that Nakra will play a pivotal role in leading the future business operations effectively in the region. With the next

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Revolt Motors to fully localise product range by January

The company, which will re-open bookings of its electric motorcycle RV400 across 70 cities from tomorrow, currently has been able to achieve localisation of around 70 per cent

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Mahindra XUV700 records 65,000 bookings in two weeks of the process

Mahindra & Mahindra (M&M) on Wednesday said the deliveries of its recently launched model XUV700 would begin from this month-end. The deliveries of petrol variants will start from October 30 while that of diesel trims from the last week of November. The company said it has garnered 65,000 bookings of XUV 700 in two weeks of commencing the process. The company had opened bookings of the model on October 7. M&M noted that it has partnered with one of the top-three global consulting companies to devise and implement an algorithm-based process for deliveries. "The objective is to streamline the delivery process for customers, based on a combination of parameters which include, quantum of bookings at city and dealer level, ratio of online and bookings at dealer counters and variant-level production feasibility based on supply chain constraints," the automaker said in a statement. The delivery timelines will be communicated to customers by their respective dealerships starting ..

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Supreme Court dismisses Sebi's appeal in PNB Housing Finance case

PNB Housing Finance had fixed the preference issue price at Rs 390 apiece, much lower than the stock price prevailing at that time

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Retail, digital growth may drive Reliance Industries' Q2 earnings

The company's retail business EBITDA is seen rising with fashion, jewellery and electronics sales recovering and margins inching towards pre-pandemic levels, said brokerages

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'The '65' deconstructed

In '65, Pakistan was muscled up with new arms donated by the Americans, courtesy the Southeast Asia Treaty Organisation alliance

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Zee-Invesco: Disclosure in instalments

By Invesco's own admission, its role was that of a "facilitator" in the proposed deal between RIL and Zee

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What is PLI for?

The Production-Linked Incentive scheme must drive learning to compete, not manufacture

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PM Modi meets global oil executives, urges to boost local production

Modi listed the upstream oil and gas reforms undertaken in the last seven years

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Water governance reform

The fifth and last in a series of weekly articles on the new National Water Policy

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Towards zero hunger

Food programmes must focus on nutrition

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Fossil fuel plans evade Paris limits, says UNEP report

Over the next two decades, governments are collectively projecting an increase in oil and gas production, and only a modest decrease in coal production

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Reform fuel pricing

Govt must follow a transparent mechanism

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48 dead, 31 missing in Nepal after landslide, heavy floods in last 48 hours

Landslides and floods triggered by heavy rain across Nepal have left 48 people dead and 31 missing in the last 48 hours and the army and police have been deployed for rescue and relief operations, officials said on Wednesday. Ilam, an eastern Nepal district, recorded the highest number of deaths at 11 followed by Doti where 9 people were killed, according to the Ministry of Home Affairs. According to Home Ministry spokesperson, Phanindra Mani Pokharel, six persons each died in Humla, Dhankuta and Panchthar due to landslides. Four persons lost their lives in Baitadi, one each in Kalikot, Dadeldhura, Pyuthan and Udayapur and two in Sunsari, according to the Home Ministry official. A total of 23 people have gone missing in Bajhang while one in Doti, two in Pyuthan and five in Ilam. Twenty-three people sustained injuries due to the natural disaster in different districts, according to the ministry. Search for the missing and rescue for those trapped in natural disaster incidents is be

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Good Glamm Group acquires media & lifestyle content platform ScoopWhoop

In early October the group acquired baby and mother products brand, The Moms Co, for Rs 500 crore

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Uttarakhand: As rains subside, manufacturing units of automakers resume ops

Will take some time to restore normalcy, say auto suppliers

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Swiss court rejects Google appeal over government cloud computing contract

A Swiss court has dismissed Google's bid to block the award of a government cloud computing contract worth up to 110 million Swiss francs ($119 million) to rival bidders

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Burberry appoints Versace boss as CEO with a £6-mn 'golden hello'

Jonathan Akeroyd oversaw the sale of Versace to US group Michael Kors while Burberry, the 165-year-old group, had been searching for a chief since June

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Jack Ma leaves China for first time after Alibaba crackdown

Ma is abroad for a series of business meetings, including a tour of the agricultural industry and environmental technology in Spain

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Citigroup's Asia retail units may draw bids from DBS, StanChart

Binding bids for Citigroup's retail assets in Indonesia, the Philippines, Taiwan and Thailand are due on Friday, while offers for the India unit are due next week

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Meta? Horizon? Facebook renaming report sparks viral speculation

Rebranding may reposition Facebook as a metaverse company, with marquee apps like Facebook, Instagram and WhatsApp under a new parent structure

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L&T Infotech continues to leave rivals trailing in its wake

Stock has risen 89% so far in 2021 and is up nearly 4x since March 2020

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Amarinder Singh to launch his own party, open to seat arrangement with BJP

Congress leader and former Punjab chief minister Amarinder Singh Tuesday said he would soon announce his own political party and is hopeful of a seat arrangement with the BJP if the farmers' issue is resolved in their interest. Singh resigned as chief minister of Punjab last month after a bitter feud with Navjot Singh Sidhu and infighting in the state Congress. The party replaced him with Charanjit Singh Channi. "The battle for Punjab's future is on. Will soon announce the launch of my own political party to serve the interests of Punjab & its people, including our farmers who've been fighting for their survival for over a year," Singh said Tuesday. He also said he will not rest until he secures the future of "my people and my state". "Punjab needs political stability and protection from internal and external threats. I promise my people I will do what it takes to ensure its peace and security, which is today at stake," he was quoted as saying by his media adviser. "Hopeful of a .

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At least 42 die as rains batter Uttarakhand; many feared trapped

Nainital cut off from state; many feared trapped

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Jeep India recalls 39 Jeep Wrangler units to fix fuel supply part

The company said it is recalling the SUV units manufactured between January 24, 2020 and March 17, 2020

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BS BFSI Summit: Economy may grow at 10.5% or more in FY22, says Rajiv Kumar

Full-fledged private investment recovery expected by Q2FY23, he says

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At Trivandrum airport, Adani Group to carry on royal legacy

The company will continue to celebrate the biannual Arattu procession from the temple, which is an "ode to the rich legacy of the Travancore Royal family"

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Insurers' Covid-related health claims outgo falls 35% in July-Sept quarter

Settle Rs 5,000 cr of claims in Q2 against Rs 7,700 cr in June quarter; non-Covid outgo rises

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IISc is India's best university in 'Times Higher Education' list

Saveetha University (166th) sees biggest climb after featuring in the 501+ band previously

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A Nooyi look at life

The book holds a mirror to leaders on why it's not necessary to put up a show of being a superwoman or a superman

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When investors come knocking

As the industry has matured and the gap between the returns has narrowed, public and private markets have begun to overlap

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China's prosperity goals and the world

Xi Jinping's new vision for the economy means less prosperity for people globally

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Expanding forest cover

Proposed legal amendments are in the right direction

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Changing economic order

India needs to do more to tap global markets

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MSME stressed assets likely to touch 18% by March 2022, says CRISIL

For the retail credit, rise in stressed assets is pegged at 4-5 per cent in March 2022 from 3 per cent estimated in March 2021

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New mutation AY.4.2 of Delta variant being monitored in England

A new mutation of the Delta variant of COVID-19 is expanding in England and is being monitored and assessed, according to official UK health data reported on Tuesday.

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India at 71st on Global Food Security index 2021 of 113 nations

India is ranked at 71st position in the Global Food Security (GFS) Index 2021 of 113 countries, but the country lags behind its neighbours Pakistan and Sri Lanka in terms food affordability

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BS BFSI Summit: Economic recovery is on but risks lie ahead, say economists

There is still uncertainty around domestic demand, capital expenditure by state governments, non-performing assets of the banking sector, and supply-side constraints

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ICICI Pru Life posts 47% jump in net profit to Rs 445 cr for Sept quarter

ICICI Prudential Life Insurance Co Ltd on Tuesday reported nearly 47 per cent jump in its net profit to Rs 445 crore for the second quarter ended September 30

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After a steady Q2, HUL's 'cautious optimism' stance raises demand concerns

Company posts 9% YoY increase in net profit, 11% growth in revenues

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Jet Airways was one of the toughest assignments as SBI chief: Rajnish Kumar

In his book titled 'The Custodian of Trust', Kumar said SBI board wanted letter of support from govt before approving Jet Airways resolution plan

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A question of overreach

Adani Ports' selective shipment ban oversteps its mandate

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An Indian climate czar

India needs a dedicated, high-level climate team

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On yesterday's greats

After Mansoor Ali Khan Pataudi passed away, Suresh Menon persuaded lots of people to write about him

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Sterlite Power wins order for Rs 324-crore transmission project

Sterlite Power on Monday said it has bagged Nangalbibra -Bongaigaon inter-state power transmission project worth Rs 324 crore. "Sterlite Power, a leading private sector power transmission infrastructure developer and solutions provider, has been awarded the Nangalbibra-Bongaigaon interstate power transmission project worth Rs 324 crore through tariff-based competitive bidding (TBCB) by virtue of emerging as the L1 bidder," a company statement said. The project elements consist of a new 220/132 kV substation at Nangalbibra and laying of 130 km of 400kV D/c transmission line connecting Bongaigaon in Assam to Nangalbibra in Meghalaya across the river Brahmaputra, it added. The project will also have 20 km of 132kV D/c line connecting Hatsinghmari in Assam to Ampati in Meghalaya. Sterlite Power has a track record of executing complex projects successfully with the use of technology and innovative solutions. The company has completed the NER-II project, an inter-state transmission sche

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Tata Coffee Q2 net up 26.55% to Rs 53.66 crore

Tata Coffee on Monday reported a 26.55 per cent growth in consolidated net profit during the September quarter at Rs 53.66 crore

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Adani Ports & SEZ raises Rs 1,000 crore through non-convertible debentures

The company has raised Rs 1,000 crores today by allotment of 10,000 rated, listed, secured, redeemable, NCDs of the face value of Rs 10,00,000/- each on private placement basis

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Indian travel market to cross $125 billion by FY27, says report

The surge in travel is fueled by improving airport infrastructure and increasing access to passports

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Reining in market irrationality

The consequence of all this is what we see, which is that stock prices can go haywire

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Employment could expand in October

The week ended October 17 was remarkable as it saw an increase in the LPR and a simultaneous fall in the unemployment rate

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Some capital will flow out of India if US Fed does any tapering, warns IMF

Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact

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A new global economic consensus

A paradigm shift in policy-making is underway, but its success depends on concrete reforms and the creation of new mission-driven institutions

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Metal stocks: Bulls have upper hand as demand-supply scenario is favourable

Investors will be looking forward to the next six months and the trends seem good

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Kilburn Engineering MD Subir Chaki hacked to death in Kolkata

The bodies of Chaki (61) and his driver Rabin Mondal (65) were found with multiple stab injuries on their neck, legs and back at an ancestral building owned by the businessman on Sunday night

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Dera chief Gurmeet Ram Rahim Singh, 4 others get life term in murder case

The Dera chief, who enjoyed a large following, had frequently courted controversies and after his conviction in the rape case in 2017

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DoT tells Airtel, Voda Idea, Jio to decide on AGR moratorium in 10 days

Bharti Airtel, Vodafone Idea, and Reliance Jio get 3 months to inform DoT on equity conversion

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Overdraft facility against gold cheaper than term loan, say experts

Opt for overdraft facility if you have a recurring need, a term loan if you require a lump sum

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ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid

Talks will also revolve round the $1 trillion Solar Investment Roadmap for 2030, and approval of a blended financial risk mitigation facility

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As Boeing nears end of P-8I delivery, Navy weighs up more aircraft orders

The Indian Navy became the first international customer for the P-8I in January 2009, when it signed a contract with Boeing for eight aircraft for $2.17 billion

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L&T Infotech Q2 net profit rises 21% to Rs 552 cr, revenue up 26%

'We report the strongest sequential revenue growth and best ever Q2 of 8.9% in constant currency terms,' says company CEO

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Tata Punch goes on sale from today, will soon get an electric version too

The latest model aims to wean buyers off hatches and compact sedans

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Hollywood workers reach deal on fresh contract, avert strike

An 11th-hour deal was reached on Saturday, averting a strike of film and television crews that would have seen some 60,000 behind-the-scenes workers walk off their jobs

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Hong Kong's IPO market withers as billion-dollar listings lapse

China's regulatory onslaught leads to slowdown in the hub's market

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China economy set to slow after successive batterings: Report

Crackdown on property market, energy crunch to hamper growth

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Statsguru: Six charts explain another dimension of poverty in India

The report highlights that differences among social groups define the incidence and intensity of poverty

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Why Reserve Bank has 'shocked' Srei

It seems that the RBI had very little choice as the promoters did not infuse fresh capital, make adequate provisioning and improve corporate governance

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Family first

CWC meet offers no solutions for Congress decay

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Liberalising capital account

Further opening up would increase risks

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Digitisation of farm data needs awareness

Interestingly, the agriculture-related data of about 55 million farmers has already been digitised

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WHO's technical group to meet on Oct 26 to consider EUL of Covaxin

The WHO experts are currently reviewing this information and if it addresses all questions raised, the WHO assessment will be finalised next week

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India's e-commerce industry set to grow 84% by 2024, says report

In India, daily active user (DAU) growth in top shopping apps accelerated in the past three quarters

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Climate justice and India's choice

As the fourth-largest source of emissions, India will be noticed if a strong climate transition does not commence

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The final frontier of space technology

The space industry is using technologies like 5G, advanced satellite systems, 3D printing, big data, and quantum technology in its activities and operations in space

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Leisure Hotels Group to add 6 properties by 2022-end

Hospitality firm Leisure Hotels Group is looking to add six properties across the country by the end of 2022 as part of its expansion plans in the country, a top company official said. Currently, the company has 28 properties with around 1,000 rooms spread across four states Himachal Pradesh, Uttarakhand, Uttar Pradesh and Goa. "We are looking to add a total of six properties by the end of the next year. So, the number will be somewhere in the region of 34 by the end of 2022," Leisure Hotels Group told Vibhas Prasad PTI. The upcoming properties will be in Varanasi, Dharamshala, Bhimtal, Mussoorie, Naukuchiatal and Jaipur, he added. About the investment, the company is planning for opening the upcoming hotels, Prasad said these would be largely under the asset-light model. So, the company will not be putting in money from its own pockets, but the owners will be putting somewhere to the tune of about 100 crores in total, for them. "We, over and above this, are looking at a few oth

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Floating rate funds can cushion interest rate volatility: Rahul Goswami

Goswami says case for normalisation of monetary conditions is starting to pick up pace, and next step will be to narrow the policy rate corridor closer to pre-pandemic level

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HCL Technologies: Slow product sales may be near-term overhang

Overall growth is likely to remain strong

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Over 50 Indian IT companies showcase products at Dubai trade show

Gitex Global, dubbed as the world's biggest technology show, is being organised from October 17 to 21 at the Dubai World Trade Centre

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Tata Motors DVR discount makes it attractive, say analysts

Host of good news and a strong business outlook can lead to multiple re-rating for the stock

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Wanted, a panel to settle tax disputes

The government should constitute a panel to examine disputes, especially those where the Department has lost in the lower forums and appealed in a higher one

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Story in Numbers: Constant decline in left-wing extremism in India

Although LWE incidents have reduced by 70% from 2,258 in 2009 to 665 in 2020, the biggest chunk of this decline was in regime of United Progressive Alliance

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Mumbai records zero Covid deaths, for first time in 20 months

Notching an achievement, Mumbai on Sunday reported zero Covid-19 deaths, for the first time since the Covid-19 pandemic gripped the city around 20 months ago in March 2020

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We are poised at the cusp of tremendous opportunity: Cisco's Chittilapilly

Cisco's president for India and Saarc sees big scope in the digitisation of multiple industry sectors that have been poor adopters of technology

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Interface between health training, communities must: Mansukh Mandaviya

Special focus is being provided to the states with an inadequately trained workforce, the minister said

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Two army personnel killed in encounter in J-K's Poonch district

Two army personnel were killed in an encounter with terrorists in Jammu and Kashmir's Poonch district, officials said on Friday. The operation is still going on in a forested area in the district's Mendhar sub-division, they said. "In an ongoing counter-terrorism operation in the general area of Nar Khas forest in Mendhar sub-division there was an exchange of fire between army troops and terrorists during the evening hours of Thursday," a defence public relation officer (PRO) said. During the exchange of fire, two army personnel were critically injured and they later succumbed to their injuries, he said, adding that the operation is still going on. Earlier, the PRO had said that the body of a junior commissioned officer (JCO) is yet to be recovered. However, he later said the body was identified of that of a jawan and not of the JCO. Efforts are being made to trace the missing JCO and the area is prone to danger, the officials said. Riflemen Vikram Singh Negi (26) and Yogambar S

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India to remain accommodative in its monetary policy: RBI governor

India is witnessing a very robust economic recovery, but there is still unevenness across sectors, RBI Governor Shaktikanta Das said

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Standing tall in Hollywood: DNEG CEO Malhotra is an out-and-out Bandra boy

Malhotra, whose special-effects house has 5 Oscars to its credit and is behind the latest Bond movie

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Brent rises to $85 as energy crisis stokes demand before winter

Brent is set for a sixth straight weekly gain in the wake of robust demand and limited supply

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States must step up capex, says RBI governor Shaktikanta Das

Quality spending can have multiplier effect, says Das

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Officials relieved at joint US-India economic partnership statement

The reason is that this is the first time that there is no ask from Capitol Hill on economic reforms

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Man killed at farmers' protest site; parties condemn violence

The victim, Lakhbir Singh, a labourer from Cheema Khurd village in Punjab's Tarn Taran and aged around 35 years, police said

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Stubble burning incidents down 63% this month, says report

The hotspots of paddy residue-burning in Punjab are Amritsar, Tarn Taran, Patiala and Ludhiana

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FM Nirmala Sitharaman meets top WTO official amid push for vax IPR waiver

The meeting between Sitharaman and Iweala took place on the sidelines of the World Bank and IMF annual meetings

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Indiabulls realty arm's sales double to Rs 874 crore in H1FY22

According to an investors presentation, new sales stood at Rs 874 crore in the first half of this fiscal year from Rs 368 crore in the corresponding period of the previous year

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So which James Bond do you like the best?

A study from Casumo too confirms that Dalton is the most popular Bond performer with audiences

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Metropolis Healthcare board approves acquisition of Hitech Diagnostic

Metropolis Healthcare said its board approved the acquisition of Hitech Diagnostic Centre and its arm Centralab Healthcare Services in a combination of cash and equity shares deal.

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Batting for peace

Beyond the world of cricket, it is important to look at the contributions of India's star javelin thrower Neeraj Chopra who won a gold medal at the recent Tokyo Olympics

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Indiscreet history, astute politics

Mr Rajnath Singh, an erstwhile teacher of physics, is better acquainted with politics than history

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India among fastest growing markets for us, says Audible

Audible has now launched an 'all-you-can-listen Plus catalogue' for members and a free experience with thousands of titles for users in India

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Zohra Segal's many avatars

Ritu Menon compellingly captures how the versatile actor took on the many vicissitudes of a tumultuous life

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Charaiveti: An academic's journey

'The experience of debating in college helped me in many ways', said the author

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DGCA temporarily suspends SpiceJet's licence to carry dangerous goods

The suspension is for 30 days, and during this period, SpiceJet will not be allowed to carry dangerous goods, including lithium-ion batteries

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IMF says India's economy recovering, but warns of inflationary pressures

IMF executive board said the economic outlook remains clouded due to pandemic-related uncertainties contributing to both downside and upside risks

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Over 20 million I-T returns filed on new portal; many glitches rectified

Infosys has been asked to address issues linked to complex filings

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Reliance Industries tops India Inc in World's Best Employer rankings 2021

The global ranking was topped by South Korean giant Samsung Electronics

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Centre notifies rules to settle Vodafone retrospective tax case

Vodafone Plc is required to give a declaration to the Income-Tax Department, withdrawing all legal proceedings against the government over the levy of retrospective taxes

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OECD deal to rev up digitisation, says FM Nirmala Sitharaman

In meet with US CEOs, Sitharaman says India offers a spectrum of opportunities to businesses

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Unity Small Finance Bank plans to tap 100 million Payback users

The proposed business model is one of collaboration and open architecture

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Uneven development

India must reassess its affirmative action programmes

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Speed and strength

Gati Shakti shows the intent, but hurdles remain

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Microsoft shutting down LinkedIn in China amid censorship rules

Microsoft is shutting down its LinkedIn service in China later this year after censorship rules were tightened by Beijing.

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NLC India commences coal supply to NTPC's power plant in Odisha

NLC India on Thursday said it has commenced coal supply to NTPC's power plant at Darlipali in Odisha from its Talabira project in the eastern state

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Hindi cinema's Weltanschauung

One can see the parallels in our own and in world politics

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The medium-term macro-fiscal prognosis

For rich economies, the pandemic is an aberration

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Not quite a Lehman moment

China is well placed to deal with the fall-out of the problems at Evergrande

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WhatsApp to begin rolling out end-to-end encrypted chat backups

With this update, if you choose to back up your chat history with end-to-end encryption, it will be accessible only to yoy; no one will be able to unlock the backup, not even WhatsApp

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Actis to infuse $850 million into sustainable infra projects in India

Sustainable infrastructure-focused investment firm Actis on Thursday said it will more than double its investments in the country by infusing $850 million in projects over the next five years

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Delhi govt ramps up car pollution check, warns of Rs 10K fine on offenders

The state government has been adopting a mix of coercion and coaxing to bring down the number of polluting vehicles in the National Capital Territory

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Dixon to invest Rs 200 cr under PLI; plans to acquire Bharti's plant

Dixon Technologies plans to acquire a Ludhiana-based manufacturing unit of Bharti Group to start making telecom gears under the production-linked incentive scheme announced for the sector

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Nokia India, Foxconn, 29 others get DoT approval for PLI scheme

The DoT notified the PLI scheme for telecom and networking products on February 24 with a financial outlay of Rs 12,195 crore, over the five years

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PNB HF scraps Rs 4K-crore deal with Carlyle-led group of investors

Protracted litigation, uncertainty reasons for move: Firm

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More countries keen on starting FTA talks with India: Piyush Goyal

Does not disclose names of countries; his statement comes at a time when India is gearing up to sign trade pacts with key trading partners

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PhonePe's revenue grew 85% to Rs 690 cr in FY21, losses drop by 44%

The 85% YoY revenue growth was due to a rise in transactions. PhonePe has a lion's share of the volumes on United Payment Interface and Bharat Bill Payment System

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Deal pipeline is bigger than ever before: Wipro CEO Thierry Delaporte

Delaporte speaks about the company's deal pipeline, the need to lower attrition, and how the firm plans to chart its growth path

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Nifty Auto index gains over 3% on Tata Motors-TPG deal boost

Tata Motors holds approximately 12 per cent weight in the Nifty Auto index, and trails Maruti Suzuki and Mahindra & Mahindra

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New public-private partnership

Collaboration in space research will increase opportunities

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Energy policy preparedness

Difficulties will not be limited to coal

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Q2 results: IT majors poised for gains on Infosys, Wipro guidance

Strong deal wins are likely to keep revenue growth elevated

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Air India under Tata Group will be real challenge: IndiGo CEO Ronojoy Dutta

Dutta said Air India will be a formidable force under the Tata Group and IndiGo does not take it lightly at all

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India's South Asia challenge

The book is a descriptive analysis of India's foreign policy vis-a-vis nine neighbouring countries

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Volkswagen CEO Herbert Diess warns shift to EVs may cost 30K jobs

Volkswagen's Wolfsburg plant, the world's largest with over 50,000 employees, does not currently make EVs, but the company plans to produce an electric sedan there from 2026

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Fed up with traffic jams? Flying taxis to take to the sky in mid-2020s

A taxi landing on top of your office may soon become reality, says UK's Vertical Aerospace

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Modern women and their troubles

The ability for young parents to rely on the mother, mother-in-law or grandparents to bring up children is rapidly shrinking

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GST rationalisation: Challenge and response

A revision of slab rates may create some disquiet, but, if cleverly crafted, it could be a game-changer for manufacturing

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OPEC trims 2021 demand forecast but says gas price surge could help

Opec now expects oil demand to grow by 5.82 million barrels per day, down from 5.96 million bpd in its previous forecast

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EU proposes tax breaks, caps to shield users from energy rally

The rally in natural gas to power and emission permits is hurting everyone from German chemicals producers to Spanish households just as the economy is recovering from the pandemic

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Coal prices rise to record in China as floods keep supplies tight

Futures gain 9% to intra-day record of $254.3/ton

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Members to reach $100-bn target for shifting reserves, says IMF chief

The IMF chief said the fund was putting in place measures to increase transparency about the use of any SDRs.

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South Korean drama 'Squid Game' is Netflix's biggest-ever launch hit

Squid Game has proved that Netflix's biggest advantage is foreign language TV

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Global debt jumps to new high of $226 trillion, says IMF report

Sees risk of sizeable sell-off in stocks

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Global energy crisis spurs scramble for prized diesel-rich crude

Diesel and fuel oil are expected to be the main oil-product beneficiaries of the crunch that's roiling Asia and Europe

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River rejuvenation and other innovations

The fourth in a series of weekly articles on the new National Water Policy

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Dish TV board cites rules, rejects YES Bank's demands to hold EGM

The lender, which holds 25.93% stake stake in Dish TV, had sought the removal of the firm's directors Jawahar Lal Goel and four others, and appointment of its own nominees

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Kristalina Georgieva to remain IMF chief after board's vote of confidence

Janet Yellen puts her on notice; says she will closely evaluate any new fact or finding

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Moderna and Johnson & Johnson support Covid-19 vaccine boosters

The FDA panel will meet on Thursday and Friday to weigh the evidence for booster doses

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Oil holds near $84 a barrel on global energy shortage fears

The price of Brent has surged by more than 60 per cent this year

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Commerce and Industry minister Goyal reiterates call for IPR waiver at WTO

The TRIPS agreement came into effect in January 1995

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An award for certainty

Economics Nobel laureates this year have clear answers

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Chinese checks

India needs a more robust response to border incursions

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Spy versus spy

Mr Levy and Ms Scott-Clark are known for their detailing and their latest book will not disappoint their readers

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TPG to invest $1 billion in Tata Motors' electric vehicle subsidiary

The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal

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United global response needed to bring desired changes in Afghanistan: Modi

Modi on Tuesday called on the international community to ensure that Afghan territory does not become a source of radicalisation and terrorism

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RBI issues SFB licence to Centrum-BharatPe consortium

'Unity Small Finance Bank' will start with at least Rs 1,500-cr loan book, says Centrum

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Govt gets financial bids for Central Electronics after Air India deal

The govt seeks to disinvest its 100% shareholding in the PSU, buyer to observe three-year lock in

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Foxconn's Bharat FIH opens research, development centre in Chennai

Electronic manufacturing services firm Foxconn's subsidiary Bharat FIH, formerly known as Rising Stars Mobile India, has opened a research and development centre at the IIT Madras Research Park in Chennai, the company said on Tuesday. It will be among the first R&D centres in India to design end-to-end 5G devices and will offer end-to-end services to customers, including product design, tooling and moulding, global sourcing and manufacturing services for smartphones and other products and services in the electronics segment. Bharat FIH makes devices for Xiaomi and Nokia. Bharat FIH Country Head and Managing Director Josh Foulger said there is a clear market need for innovative technologies and products with quick turnaround times in the ever-changing electronics segment. "Our India R&D will capitalise on our manufacturing strengths and collaborate with our global teams under the Foxconn Technology Group in product design, cost optimisation, customer experience, sourcing, ...

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Companies need more neeti, less niyam

The key lies in training and aligning directors about the behavioural aspects of governance, not only about the laws

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The state of states

India's fiscal challenge can get worse if states spend more even with lower revenue growth

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Airlines can now operate at full capacity, flight restrictions lifted

The decision was taken following a review of the current status of scheduled domestic operations, the ministry said in its order on Tuesday

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Booming Indian stock market is on the cusp of overtaking UK, shows data

Still, London's capitalisation is much larger if secondary listings and depository receipts are included

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Sensex, Nifty touch fresh records in volatile session; Titan gains over 5%

HCL Tech, Tech Mahindra, UltraTech Cement, TCS and Sun Pharma were among the laggards

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Invesco pushed large Indian group's 'bad' deal: Zee Entertainment

Proposal would have led to Rs 10,000-cr loss to shareholders, says firm

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Bollywood's reflection of tastes

Have Bollywood movies, in terms of genres, been changing as well? Or is Bollywood still churning out a standardised masala mix product

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How Delhi Airport will gain commercially from a Tata-owned Air India

The airport plans to give terminal 3 exclusively for the Tata group airlines- Air India, Vistara, Air Asia India

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Nifty50 breaches 18,000-mark for the first time; IT disappoints

The Sensex rose 77 points, or 0.13 per cent, to close at a fresh lifetime high of 60,136

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Erratic monsoon

Aggregate rain doesn't reflect the true picture

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A tug-of-war between bulls and bears: Analysts divided on Asian Paints

But given an optimistic market and a good monsoon, an upside is more likely

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Home minister Amit Shah meets with power and coal depts over energy crunch

Several states, including Delhi, have expressed panic over shortages of coal

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Adani Ports to stop handling containers from Iran, Pak, Afghanistan

The decision comes weeks after Indian officials seized nearly three tonnes of heroin originating from Afghanistan worth an estimated Rs 20,000 crore

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Airtel, Vodafone Idea move telecom tribunal against DoT's demand notice

DoT had recently issued demand notices to both the telcos to pay cumulative Rs 3,050 crore in penalties in three weeks' time for violating norms by denying Reliance Jio PoIs way back in 2016

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Bharti Group's OneWeb ties up with Isro to kick off India chapter

Mittal says OneWeb would be the first private player to launch satellites from India through Isro facilities

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Taxing multinationals

Govt must protect revenues under the new tax deal

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Households cautiously optimistic

The index of consumer sentiments scaled up by a handsome 7.9 per cent in September

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Making Gandhi a capitalist

The book is filled with such contorted and convoluted interpretations of Gandhi, so as to forcefully pin a "free market capitalist" label on him

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A made-in-China financial crisis?

The Evergrande implosion could therefore have serious consequences for jobs and growth

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Singapore Airlines' website crash amid surge in flight demand: Report

Singapore Airlines said it had seen "very high demand" for flights and may take longer to respond to queries from customers

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How to eat the world

Should the next 5 million software engineers be hired and trained like the first 5 million?

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US delegation holds talks with Taliban for first time since Aug withdrawal

The discussions in Doha, Qatar, covered the need for safe passage of US citizens, other foreign nationals and Afghan partners, State Department spokesman Ned Price said

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Zostel asks Sebi to reject and suspend Oyo's $1.2-billion IPO

The move can potentially lengthen Sebi's clearance process

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Brent crude trades near $85-mark; experts expect further rise

"Oil prices are likely to continue climbing in the short term," said Commerzbank analyst Carsten Fritsch

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Goldman Sachs Group cuts US growth forecasts for 2021 and 2022

Goldman's team, led by Jan Hatzius, said in a report on Sunday that they now expect growth of 5.6% on an annual basis in 2021 versus their previous estimate of 5.7%, and 4% next year, down from 4.4%

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Energy crisis sets stage for record global carbon dioxide emissions

The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5°Celsius

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A step from Covid-19 pills as Merck & Co seeks FDA approval

An application was submitted with the Food and Drug Administration for molnupiravir to treat mild-to-moderate Covid-19 in adults at risk of developing a severe illness that may require hospitalization

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Explained: How 2021 science Nobel Prizes impact our world

The 2021 Nobel for Physiology (or Medicine) went to David Julius and Ardem Patapoutian for their "discoveries of receptors for temperature and touch"

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Social media companies face fines for defamatory posts in Australia

Platforms getting away with not taking any responsibility: minister

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FinMin should review DRI demand for social welfare surcharge

The law is quite clear that SWS is to be calculated at the rate of 10 per cent on the BCD levied and collected

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ICAI against exempting small firms from mandatory statutory audit

Says NFRA has no jurisdiction over MSMEs

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RIL to buy 40% stake in Sterling & Wilson Solar for Rs 2,850 crore

The company will also acquire 25.9 per cent stake by way of an open offer at the same price

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FY22 credit growth turns positive first-time ever

What stands out this time around is that positive growth happened despite a more debilitating impact of the second wave of the Covid-19 pandemic

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The future of trade digitisation

With India aiming to become a $5-trillion economy, digitising trade to create a more efficient and cost-effective system will be crucial

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