Economy

"The majority of the workers are protesting demanding better severance package. However, about 150 persons have resumed duty. The management has not improved their package much," the union official told IANS preferring anonymity.…
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Happy with the winds of change, the sector wants more relaxation. The Insurance Regulatory and Development Authority of India (IRDAI) under its new Chairman Debasish Panda has been reviewing various sectoral regulations and is the…
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New Delhi: The Union Cabinet has approved the telecom department's proposal to conduct an auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. The Cabinet…
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New Delhi:  India's newest airline Akasa Air took delivery of its much anticipated first Boeing 737 MAX aircraft in Seattle, the airline said in a statement on Thursday. With a strong commitment to democratise the skies, the airlines'…
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Mumbai: Indian private equity (PE) investments reached $70 billion in 2021 in more than 2,000 deals -- an 87 per cent increase over the volumes in 2022, a new report showed on Thursday. Indian investments grew by 96 per cent over 2020…
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Washington: The US Federal Reserve raised the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years. The rate hike was announced at the end of the two-day…
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San Francisco: Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are "100 per cent based on greater fool theory". The theory is a financial concept that even…
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New York: The world's financial markets are bracing themselves for the sharpest rise in US interest rates in almost 30 years, as America's central bank takes action to halt rising inflation, The Guardian reported. After days of frenzied…
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New Delhi: A fuel and mobility joint venture between Reliance Industries and bp called Jio-bp, and food aggregator Zomato on Wednesday announced that the two entities have entered into an agreement to support Zomato's commitment towards…
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New Delhi: Bank of Baroda has hiked fixed deposit interest rates on domestic term deposits, including NRO and NRE Term Deposits, of below Rs 2 crore by up to 40 basis points. The new rates would be applicable with immediate effect.…
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