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Friday, January 17, 2020

RIL consolidated profit rises 13.5pc to record Rs 11,640cr in Q3

January 17, 2020 8:38:04 pm

Reliance Industries Limited financial results December 2019: The scrip of the country's most valued firm jumped 2.79 per cent to close at Rs 1,580.65 on the BSE. During the day, it climbed 3 per cent to Rs 1,584.80.

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Oil ends week steady as China growth offsets trade deal optimism

January 17, 2020 5:55:29 pm

The world's second-largest economy grew by 6.1 per cent in 2019, its slowest expansion in 29 years, government data showed on Friday.

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Vodafone Idea shares nosedive over 39%

January 17, 2020 2:01:33 pm

The Supreme Court had on October 24 ruled that the statutory dues need to be calculated by including non-telecom revenues in what is known as adjusted gross revenues (AGR) of telcos.

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Too many obstacles to business in India, need less suspicion and micromanagement: Chandrasekaran

January 17, 2020 12:08:05 pm

The comments come amid a slide in growth to a decadal low of 5 per cent expected for current fiscal, and also years after the Narendra Modi government made ease of doing business as its priority

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Integrity of Constitution has to be preserved against hasty changes: HDFC Chairman Deepak Parekh

January 17, 2020 11:27:13 am

"The great makers of our Constitution clearly intended that the integrity of the Constitution should be preserved against any hasty or ill-conceived changes," Parekh said.

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Vijay Mallya let French mansion rot, lender charges

January 17, 2020 9:52:13 am

Mallya bought ‘Le Grand Jardin’ through his company Gizmo Invest SA in 2008 using a 27-million euro ($30 million) loan facility from Ansbacher & Co., a unit of Qatar National Bank SAQ. Gizmo has since defaulted on the loan

SC refuses to entertain plea seeking Bharat Ratna for Mahatma Gandhi

SC dismisses review plea by telecom majors on AGR dues

January 17, 2020 4:49:48 am

Following the judgment, the DoT had written to GAIL and Power Grid, asking them to pay AGR fees of Rs 1.72 lakh crore and Rs 1.25 lakh crore, respectively. GAIL, Power Grid and other companies have denied that they owe any money to the DoT, and said they have paid all dues.

Trai asks telcos to deposit unclaimed user money in fund

January 17, 2020 1:11:12 am

The income from the fund is utilised for programmes and activities relating to consumer education and protection. As things stand today, any excess charges revealed in the billing audit should be refunded to consumers.

NSE ‘dark fibre’ case: Sebi clears former MD Ravi Narain, 8 others

January 17, 2020 1:03:20 am

Rules that the persons can’t be held responsible for misconduct in this issue of co-location case

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Drug regulator flags 47 medicines for failing quality tests

January 17, 2020 12:49:39 am

Abbott’s Udiliv, Mankind’s Ferikind-M and Torrent’s Lorvas among flagged.

Provide facility to switch on, off cards to thwart frauds: RBI to banks

January 16, 2020 8:37:55 pm

RBI has also asked providers to alert or send information to customers through SMS or e-mail whenever there is any change in the status of the card.

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SC lifts suspension on environmental clearance granted for Mopa airport

January 16, 2020 7:35:14 pm

The top court had in March last year suspended the EC granted for the greenfield airport and had directed the Expert Appraisal Committee (EAC) to revisit the decision in light of its impact on the ecology there.

Piyush Goyal snubs Amazon chief Jeff Bezos: No great favour if you invest $1 bn in India

Piyush Goyal snubs Amazon chief Jeff Bezos: No great favour if you invest $1 bn in India

January 17, 2020 7:46:49 am

Amazon CEO Jeff Bezos had said Wednesday that the firm would invest $1 billion into India to “digitise” micro, small and medium enterprises.

Companies raise $0.34 bn via 12 IPOs in Q4 2019; budget to set positive tone: EY

January 16, 2020 6:28:14 pm

In the main market, there were four IPOs in Q4 2019 against two and six in Q4 2018 and Q3 2019, respectively, EY said in its report.

BNP Paribas ‘overweight’ on Indian equities, projects 9% growth for Sensex in 2020

January 16, 2020 6:11:24 pm

Stating that the house is "overweight" on India, BNP Paribas' head of India equity research Abhiram Eleswarapu said, "market is not about the economy, but only about the top 50 companies."

Amfi pitches for debt-linked saving schemes with tax benefits in Budget proposal

January 16, 2020 5:55:33 pm

In its Budget proposals to the Finance Ministry, the industry body has also demanded that the government recognise mutual funds (MFs) as specified long-term assets, qualifying for Long-Term Capital Gains (LTCG), as well as bring ULIPs of life insurance companies and equity MF schemes on par.

Sebi floats fresh consultation paper proposing split of investment advisor and distributor roles

January 16, 2020 5:37:58 pm

Besides, the regulator has suggested that Investment Advisers (IA) should not come out with any investment advice suggesting assured returns to clients in the investment advisory document.

IOC tops seven Indian firms on Fortune 500 list, RIL jumps 53 places

IOC to decide on bidding for BPCL after govt lays out rules: Chairman

January 16, 2020 5:06:09 pm

The Cabinet Committee on Economic Affairs had on November 21, 2019, decided to sell government's entire 53.29 per cent stake in country's second-largest state refiner BPCL, but a tender for sale hasn't yet been issued.

India’s palm oils import dips over 8% in December: Industry body

January 16, 2020 5:19:39 pm

India's total vegetable oil imports declined to 11.28 lakh tonne in December 2019, compared to 12.11 lakh tonne in the year-ago period, industry body Solvent Extractors Association (SEA) said.


GMR Infra hits 52-week high as firm decides to sell 49% stake in airport business

January 16, 2020 1:58:21 pm

GMR Infra said that it has agreed to divest 49 per cent in GMR Airports Limited, up from previously agreed 44.44 per cent, to TRIL Urban Transport Private Limited (part of TATA Group), an affiliate of GIC and SSG Capital Management.