India's low score on GVC a starting point for recovery from pandemic: AIIB

India rated 7.4 percentage points below the average global value chain participation rate for emerging economies

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Jhunjhunwala-backed Metro Brands eyes pre-Covid margins as sales normalise

The footwear retailer has seen demand pick up across categories post the second wave of the pandemic

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American Airlines names Robert Isom to replace retiring CEO Doug Parker

Isom, 58, has been the heir apparent since he was appointed president in mid-2016 and his selection signals that a steady hand is intended for the airline's first leadership transition in eight years

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'Domestic air traffic crosses 10 mn in Nov; Omicron can derail recovery'

Demand continues to be subdued from the corporate traveller segment, says ICRA vice-president

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Balancing acts

Indo-Russian summit yielded more signalling than substantive gain

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India's labour market distress

Implications for growth story will be severe

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South Africa fuels Omicron hope by dodging hospitalisation spike

Citing hospitalisation figures from South Africa, Anthony Fauci, US President Joe Biden's chief medical adviser, said: "Thus far, it doesn't look like there's a great degree of severity to it."

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Exchange date of American Depositary Shares extended till Jan 10: Vedanta

Holders of American Depositary Shares (ADS) can now surrender their ADSs at any time on or prior to January 10, 2022, Vedanta said.

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Myanmar's junta chief halves Aung San Suu Kyi's jail term to two years

Aung San Suu Kyi, earlier, was sentenced to two years for incitement against the military and another two for breaching Covid curbs

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Covid pandemic: No decision on booster shot, vaccination for children yet

NTAGI's meeting took place with core members in the backdrop of Omicron fears gripping India and the world

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China's central bank frees up $188 billion as Evergrande default fears rise

The People's Bank of China (PBOC) said it would cut the amount of cash that banks must hold in reserve

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Employment data disappoints in November

According to World Bank's modelled ILO estimates, only 17 countries are worse than India on LPR

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Chinese developer Sunshine 100 defaults on $170 million of bonds

The firm has struggled to meet debt obligations this year as authorities cracked down on excessive leverage in the property industry

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Don't take coercive action under new IT Rules: Madras HC tells Centre

The Madras High Court on Monday restrained the Central government from taking any coercive action against digital media firms under the new cal codes made to the parent Information Technology Act.

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Transform religions in atheist CCP image: Chinese President Xi Jinping

Xi has been calling for "sinicisation" of religions, re-orienting them to function under the guidance of the Chinese Communist Party (CCP)

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Food processing ministry okays 60 applications under PLI scheme

In March this year, the Union Cabinet approved a PLI scheme for the food processing sector

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A new era in public procurement

The phenomenon of "irrational bidding" exists where the Indian private sector has not distinguished itself in the past

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Alibaba Group overhauls e-commerce business amid onslaught of woes

It's creating two digital commerce teams, each for international and domestic markets

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At $4.5 billion, investment in SaaS companies grows 170% in 2021

India now has 13 SaaS unicorns and between 7 and 9 companies with $100 mn+ annual recurring revenue (ARR)

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Reflections of a rookie private market investor

Committing capital to younger companies is full of promise, but there are a few factors investors need to watch out for

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Take a decision fast

Vaccination programme needs to be reviewed

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Income distinction

Investment income should not be treated differently

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FMCG not safe-haven bets for investors, analysts see more underperformance

The FMCG index had outperformed the broader market in previous corrections like in 2011, 2015, and 2018

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FPIs dump $2.1 bn worth bank shares in Nov, pump $2.7 bn into FMCG stocks

The inflows into the realty sector too could have been subdued if not for Godrej Properties' inclusion in the MSCI index

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IIT Kanpur records 150% surge in international campus placements

Out of 773 students placed so far, 55 per cent are graduates and 45 per cent are undergraduates

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SEC probes Tesla over whistleblower claims on solar panel defects

The probe raises regulatory pressure on the world's most valuable automaker, which already faces a federal safety probe into accidents involving its driver assistant systems

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Russia may invade Ukraine in early '22; United States raises alarm

The intelligence finding estimates that the Russians are planning to deploy an estimated 175,000 troops and almost half of them are already deployed along various points near Ukraine's border

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The demolition of pluralism

What Mr Mukhopadhyay wants to achieve with this book is perhaps to ask ourselves what idea of India we carry in our hearts

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Neo-socialism: State's expanding tech biz

In a country where many state initiatives have been marred by glitches, delays, and corruption, RuPay and the UPI are revolutionary achievements

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The next big tech revolution

Blockchain's promise: Dramatically speeding up transactions

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WTO negotiations on services regulations conclude

Many service providers complained that the processes for applying and obtaining the licenses are not clear in many countries

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Modernise data system

Economic data must be released during market hours

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US displaying greater caution in power projection since 2008: Jaishankar

Jaishankar said America was adjusting to multipolarity and rebalancing and re-examining the balance between its domestic revival and commitments abroad.

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Stay the course

RBI should not stop the normalisation process

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Saudi Arabia raises oil prices for buyers in Asia, United States

The move signals that the world's biggest crude exporter still sees strong demand in its two main markets

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E-Shram doesn't offer clarity on social security benefits, say experts

Mandatory Aadhaar-based mobile linkage is proving a hurdle for registration of many workers

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Poverty ratio 32.75% in rural areas against 8.81% in urban: NITI report

The report surveyed 175,946 households in urban areas and 425,563 households in rural parts

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'China firms actively working with regulators for US listing'

Forcing US-listed Chinese firms to delist isn't responsible policy option: Securities watchdog

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US makes negative test binding on flyers; Omicron now in 38 nations

The Omicron variant continues to spread in the US, with three more cases reported in New York City and one each in Massachusetts, Wisconsin and Connecticut on Saturday

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At Mumbai airport, ED stops actor Jacqueline Fernandez from flying abroad

The 36-year-old actor was stopped by the immigration authorities at the Mumbai airport on the basis of a Look Out Circular (LoC) issued by the federal probe agency

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Builders' body moves Supreme Court against construction ban in Delhi-NCR

A builders' body has moved the Supreme Court seeking to vacate its order by which it had re-imposed the ban on construction activities in Delhi and the National Capital Region (NCR).

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Not in favour of cut-off based admission system: DU Vice Chancellor

Talking about his personal view on the continuation of the cut-off (merit-based) system, Singh said he is "not for it".

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'The Account Aggregator framework is a game-changer'

By sharing information digitally and securely through the AA framework, lenders get a host of data points like bill payments and investments to assess creditworthines

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Monetary policy: Status quo on rates and stance likely

The economy is recovering fast but nobody knows yet how serious the Omicron threat is. The RBI can afford to err on the side of caution and hold on to rates for now

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Get policy terms changed during free look-in period

The commission observed that the cheque was remitted in accordance with the terms of the policy, and it was not possible to hold the company liable

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Airports to report Rs 3,200 cr of operating profits in FY22

As per rating firm, ICRA, due to Covid-19 pandemic, the ongoing capacity expansion plans at the major airports are expected to be delayed by 12 to 18 month.

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AstraZeneca blocks Advent's $7.6-bn buyout of Swedish Orphan Biovitrum

The UK drugmaker's opposition meant the offer fell short of the 90 per cent threshold needed for approval

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No currency manipulator tag from United States but China under lens

The US Treasury Department cited China for a number of failures that prevent trading partners from gaining full knowledge of how it manages its currency

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Young buyers leading charge in buying pre-used cars sales: Report

The study highlights the most-compelling consumer trends and statistics with respect to the Indian used car industry

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Waning demand for Apple's iPhone 13s points to consumer caution

Consumer caution leaves economies facing the new virus threat with less support from goods spending

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SC asks Centre, NCR states to implement panel's order to curb air pollution

It took note of measures taken by the Commission and asked the Centre, Delhi, and states in the NCR to follow the directions

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Confusing signals for OMCs with crude supply-demand equation set to change

Lower oil prices can improve margins, but they could impact inventory value while a third Covid wave can potentially hurt growth

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Taliban chief bans forced marriage of women in Afghanistan

The move was announced by the reclusive Taliban chief, Hibatullah Akhunzada

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Third round of India-UAE free-trade pact talks in Delhi from Dec 6-10

Under a free-trade agreement, two trading partners reduce or eliminate customs duties on the maximum number of goods traded between them

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MeitY releases strategy on blockchain for its adoption in govt systems

The ministry has adopted a multi-institutional approach for the national blockchain framework

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Deep depression intensifies into Cyclone Jawad, to make landfall on Sunday

Very heavy rainfall is likely to start in north coastal Andhra Pradesh and south coastal Odisha by Friday evening

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Urban FMCG sales down 6.3%, rural sales increase 17.9% in November

Overall FMCG sales in November increased by 10.2 per cent year-on-year

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Govt seeks Parliament's approval to spend Rs 3.74 trillion more

The government needs Rs 49,805.25 for food storage schemes and warehousing

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United States sues to block Nvidia's proposed $40-bn takeover of Arm

The Federal Trade Commission said in a statement that the acquisition would deliver Nvidia vast sway over the market by giving it control over chip designs

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Disclose more information or delist, SEC diktat for Chinese companies

Didi set to leave New York, make HK debut

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Splintered light

The novel tells of the white South African Swart family that owns a farm on the edges of Pretoria, a rambling place of haphazard design

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The wrong regulator for fintech

There has to be accountability for the central bank's errors in the past

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Reinfection threat rises 3 times with Covid-19 Omicron variant: Study

Variant sharply increased global economic uncertainty, says IMF

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A leap forward for fusion power

Scientists have been trying to tweak these designs since the 1960s to find ways to put less energy into triggering fusion, or to extract more energy

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Setback for PepsiCo as India revokes patent for Lay's potatoes

Withdrawing the lawsuits the same year, the New York-based company said it wanted to settle the issue amicably

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Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect

The acquisition will bolster Tech Mahindra's capabilities in emerging workplace solutions and strengthen the end-to-end CX portfolio, Tech Mahindra said in a statement

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Bank credit grows 7% by mid-November, shows RBI data

The outstanding credit of commercial banks stood at Rs 111.62 trillion, up from Rs 10.4.34 trillion a year ago

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Forex cartel: EU antitrust regulators fine Barclays, HSBC, Credit Suisse

The latest investigation focused on foreign exchange (forex) spot trading of G10 currencies

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Nizamuddin Basti project wins two UNESCO heritage awards

Nine projects from six countries Bangladesh, China, India, Japan, Malaysia, and Thailand have been honoured by a jury of heritage experts

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Supreme Court upholds arbitral award in favour of Anil Ambani firm

A Bench of Justices L Nageswara Rao and S Ravindra Bhat said no case for review is made out

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Indian companies were progressive during Covid-19 pandemic: Study

97 per cent of them having an active short-term incentive plan for in-year performance recog­ni­ti­on

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Wisdom through maxims

Mr Levy defines these maxims as "one-sentence nuggets of wisdom meant to immortalise an important idea"

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The myth of being your own boss

The aura around the heroes of the start-up world has added to the lure of entrepreneurship

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Women's Tennis Association suspends all women's tennis tournaments in China

In response, China said it "opposes the politicisation of sports"

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Dhanlaxmi Bank Part-Time Chairman G Subramonia Iyer submits his resignation

His resignation is to be effective from December 31, 2021

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Newer IITs too see record placements with pay rises, offers from top firms

Average salary at IIT Mandi up 13%, Uber offers highest package of Rs 2 cr at IIT (BHU) Varanasi, while Roorkee bagged highest international CTC of Rs 2.15 cr in first session

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Adding economy to defence

Make in India for defence equipment is languishing in the absence of large orders that can make local production viable

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Suspended animation

All MPs must observe parliamentary etiquette

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The vital third tier

Local governments must be strengthened

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Assessing the case for a legal MSP

Greater clarity on its precise connotation could help resolve the continuing standoff between the government and farmers

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Brain issues seen in 1% of hospitalised Covid patients, say researchers

The most common finding was stroke due to clogged arteries, but the researchers also saw bleeding in the brain, inflammation of the brain, and other potentially fatal complications

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Ramcharan: The little-known entity that got $4.14-bn funding in RE space

US-based fund TFCC Intl picks up 46% stake in the firm at $9 bn valuation; firm plans to use some if the funds in two plants in Tamil Nadu and Gujarat, and set up EV charging infra in various cities

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India hits target of 40% power generation capacity from non-fossil sources

The country's installed renewable energy (RE) capacity stands at 150.05 GW, while its nuclear energy-based installed electricity capacity is 6.78 GW

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RBI moves NCLT Mumbai for bankruptcy proceedings against Reliance Capital

In a statement on its website, RBI said there would be an interim moratorium on and from the filing of the application till its admission or rejection by the NCLT

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Carmakers brace for a fresh round of price hikes from January 2022

Though an annual affair, chip crunch this time around is steering the price wheel

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Star Health's IPO scrapes through as investment bankers prune OFS component

The Rs 7,240-cr issue received just 79% subscription before I-bankers stepped in

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Rajasthan govt signs 125 MoUs for Rs 69,000-crore projects

The Rajasthan government has signed multiple memorandum of understandings (MoUs) attracting proposed investments worth around Rs 69,000 crore, Rajasthan Industries Minister Shakuntala Rawat said on Wednesday.

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OECD cuts global GDP forecast amid Covid-19 variant concerns

Global growth is set to hit 5.6% this year before moderating to 4.5% in 2022 and 3.2% in 2023, the Organisation for Economic Cooperation and Development said

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India's November rainfall highest for a month in five years, says IMD

It recorded 11 extremely heavy rainfall (more than 204.5 mm) events in the month, equalling the number reported last year.

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Commercial LPG cylinders hiked by Rs 100; will cost Rs 2,101

The Centre continues to subsidise freight for domestic LPG deliveries in far-flung areas

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US weighs travel curbs as new Omicron variant hits 23 countries

The US move to strengthen the testing regime reflects growing concern about the Omicron variant

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LIC provisions up, NPAs down ahead of listing: FY21 annual report

LIC's revenue or total income growth in FY21 was the best in five years

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Reliance Power defaults on interest payment to IDBI and DBS banks

Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore

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Raymond's board approves JK Files & Engineering's Rs 800-crore IPO

Diversified group Raymond Ltd on Wednesday said its board has approved the listing of its subsidiary JK Files & Engineering Ltd (JKFEL), a company that is in the business of auto parts. The initial public offering (IPO) will also comprise an offer-for-sale (OFS) of Rs 800 crore, said the country's leading fabric and apparel manufacturer Raymond in a statement. Moreover, the IPO will not have any fresh issuance of shares and will be undertaken subject to requisite regulatory approvals and market conditions, it added. "We hereby inform that the board of directors of JKFEL, a wholly-owned material subsidiary of Raymond Ltd at its meeting held on November 30, 2021, approved an IPO comprising of an OFS for Rs 800 crore, subject to such variation as permitted under applicable law," it said. It further said that in this regard, the company's board of directors, at its meeting held on Wednesday, approved the OFS for Rs 800 crore, subject to such variation as permitted under applicable law

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6 passengers from 'at-risk' countries test Covid positive: Govt

The health ministry said that this was an evolving situation and the government was keeping track

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Govt, Opposition refuse to budge as barred MPs continue stir

Impasse between Oppn, government over suspension of 12 MPs from RS continues as neither side concedes any space

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Powers of Sigint and Comint

The book has 15 chapters, subdivided into multiple sub-sections

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GST rates and manufacturing growth

The capital goods component is especially important now in view of the mandated guidelines for installation of pollution control equipment

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Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

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US fund TFCC to buy 46% stake in Chennai's Ramcharan for $4 billion

According to the company's official website, Ramcharan's registered office is at Dover City in Kent County

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Growth spending

Govt must push capital expenditure

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Swiggy valued at $10.5 billion in $700-million Invesco-led round

Valuation has doubled since it was valued at $5.5 billion in April

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The succession question

Management trusts have their drawbacks

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4G, 5G or 6G, all need wireless backhaul

A rose is a rose - or is there one that is sweeter?

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Unfazed collectors drive strong sales on Art Basel Miami's first day

New York dealer, Marianne Boesky, sold multiple pieces in her booth, including a resin-on-wood piece by Donald Moffett for $160,000

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At Rs 2.15 crore, IIT Roorkee bags highest international salary

IIT Roorkee scored with highest domestic offers for three students: ranging from Rs 1.30 cr to Rs 1.80 cr, with 11 students getting a Rs 1 cr-plus salary package

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UK competition watchdog asks Meta to sell GIF maker Giphy

The Competition and Markets Authority (CMA) said it had found that last year's acquisition of Giphy would reduce competition between social media platforms and in display advertising

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Airlines bosses worry about impact of Omicron Covid-19 variant

The impact of travel restrictions was evident in financial results published on Tuesday by easyJet and Scandinavian operator SAS

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GDP report card: Agriculture sees 4.5% growth in second quarter

In 2020-21, pulses production went down by 6.65 per cent between the first and fourth advance estimates

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New Covid variant: WHO's Tedros warns against over-reaction to Omicron

First reported in southern Africa a week ago, the variant has brought global alarm

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Omicron, found in Europe before S Africa, jolts markets on vax fears

Dutch authorities said the variant had been detected in the Netherlands as early as November 19

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Inside the viral world

It may be the case that no one knows whether a vaccine will work or not, but it is definitely a conscious choice on the part of the author and the editor to make sexist and offensive statements

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A sea of problems

Before the era of industrialisation, the oceans actually released more carbon into the atmosphere than they took in

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The case for a new constitutional order

There is a serious imbalance of power between various organs of the state, and this needs correction

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December expected to be yet another busy month for IPOs

As many as 16 issues cumulatively worth over Rs 22,000 crore are expected to hit the market during the month.

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Supporting farmers

Govt should find ways to extend income support

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Two years lost

Private consumption continues to remain weak

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November show worst for Sensex and Nifty indices since March 2020

Volatility continued on Tuesday as indices swing 1,300 pts to end 0.4% lower

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Eight core sectors' output grows to 7.5% in October: Govt data

The core sector grew 6.9 per cent, compared with the pre-Covid month of October 2019

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Seven firms, including JSW Steel, submit bids for coal blocks

JSW Steel and Adhunik Power & Natural Resources are among seven companies that have submitted bids for four coal blocks put up for sale under "second attempt" of auction process for 11 mines for commercial mining. These coal mines were also offered in the first attempt launched on March 25 this year and had fetched single bids. "A total of 7 companies have submitted their bids in the auction process," the coal ministry said in a statement. The seven firms are Auro Coal Pvt Ltd, JSW Steel, MP Natural Resources Pvt Ltd, Adhunik Power & Natural Resources, Assam Mineral Development Corp Ltd, Virtuous Mining Ltd and Twenty First Century Mining Pvt Ltd. Total seven bids were received by the ministry for four coal blocks namely Beheraband North Extn, GondbaheraUjheni East, Lalgarh (North) and Tokisud Block II. "A total of 7 bids have been received for 4 coal mines," the ministry said. The online bids were decrypted and opened electronically in the presence of the bidders, it ...

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Festive season retail demand, MSME drive bank loan growth in October

Credit offtake in services remains weak

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RBI probe found liabilities swelling, but capital eroding rapidly at RCap

The RBI had kept the firm in constant watch as part of its informal asset quality review, and carried out regular inspections

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Brokerages give thumbs up to Rakesh Jhunjhunwala-backed Star Health's IPO

Say it stands to benefit as market leader in health space, but risk of fresh Covid wave may weigh on profitability

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IT, Pharma may not provide the usual hedge if rupee weakens

There are concerns over margin and growth, which may weigh on sentiment

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Centre-Opposition relations on the boil; won't apologise, say errant MPs

While government-Opposition relations are unlikely to see a patch-up, a working solution might be thrashed out.

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TRAI begins consultation on 5G auction, seeks views on private networks

Consultation paper dwells on issues related to spectrum pricing, valuation methodologies, service roll out, cap on holding and upfront payment and moratorium terms for future auctions

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