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Economy
RBI shuts Banaras Merchantile Co-op Bank citing inadequate capital, earning prospects
Mumbai: The Reserve Bank of India (RBI) has cancelled the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi.
The Reserve Bank said the licence of the bank has been cancelled as it does not have adequate capital and!-->…
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Adani Vizhinjam Port to receive first mothership on July 12
Thiruvananthapuram: With the completion of the first phase of the country’s first exclusive trans-shipment port, the Adani Group's Vizhinjam Port located near the famed Kovalam beach in Kerala is all set to receive its first mothership on!-->…
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Sensex closes above 80,000 for first time, Nifty at 24,302
Mumbai: Indian equity indices closed with marginal gains on Thursday following a volatile session. Sensex and Nifty made a new all-time high of 80,392 and 24,401 respectively, but the markets were unable to hold onto the higher levels as!-->…
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Put mechanisms in place to prevent market abuse, fraud: SEBI tells stock brokers
Mumbai: In another bid to instill investors’ confidence in the stock markets, the Securities and Exchange Board of India (SEBI) on Thursday asked brokers to have a proper mechanism to prevent and detect market abuse as well as fraud.
In!-->…
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realme ushers in new era of smartphone photography with ultra clear camera, AI in 13 Pro Series 5G
New Delhi: The world of smartphone photography has been democratised by AI and machine learning, putting professional-level results within everyone's reach. AI algorithms are now sophisticated enough to handle challenging lighting,!-->…
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AstraZeneca to expand its Chennai GCC at Rs 250 crore outlay
Chennai: AstraZeneca India Private Limited (AZIPL), the Global Capability Centre (GCC) of the pharma group AstraZeneca on Thursday said it will invest Rs 250 crore on expanding its Global Innovation and Technology Centre (GITC) here.
The!-->…
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Suzuki’s Next Bharat Ventures launches Rs 340 cr fund for social impact startups
New Delhi: Japanese automobile company Suzuki Motor Corporation's subsidiary Next Bharat Ventures IFSC Private Limited on Thursday launched a Rs 340 crore investment fund -- Next Bharat -- that aims to act as a growth catalyst for the!-->…
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Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges
New Delhi: Riding on higher volume growth, revival in rural demand and steady urban growth, the fast-moving consumer goods (FMCG) sector in India is projected to see revenue grow 7-9 per cent this fiscal (FY25), said a report on!-->…
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Increased funding from domestic sources vital to drive India’s startup movement: Amitabh Kant
New Delhi: To drive India's startup movement, increased funding from domestic sources is required, G20 Sherpa and former NITI Aayog CEO Amitabh Kant said on Thursday.
"We need to increase domestic sources of capital for startups," Kant!-->…
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Users will be able to make UPI payments to UAE merchants now
New Delhi: .The Indian Government has been pushing UPI globally for faster digital payments. Now, UPI will be available in the Middle East country UAE as well.
NPCI International Payments Limited has partnered with Network International,!-->…
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