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Economy
Textile manufacturer Trident’s stock price rises over 400% in 2021
New Delhi: Shares of Trident have witnessed an over 400 per cent return year-to-date in the calendar year 2021.
Founded in 1990 as a home textile manufacturer, the company has now diversified into paper, chemicals, and energy. Started…
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Indian diagnostic business expected to grow 20-25% YoY in FY22: ICRA
New Delhi: A rise in Covid-19 and allied tests due to the pandemic, and specifically during the second wave, is expected to raise the diagnostic sector's revenue growth by 20-25 per cent YoY in FY22, rating agency ICRA said in a report.…
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Omicron scare: Economy needs continued handholding, says PHDCCI
New Delhi: Industry body PHD Chamber of Commerce and Industry (PHDCCI) on Saturday emphasised on the need for the Centre's continuous handholding of the economy to mitigate the uncertainty caused by the looming impact of new Covid variant…
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India’s foreign exchange reserves dip down by $77 mn
Mumbai: India's foreign exchange reserves inched lower by $77 million during the week ended December 10.
The Reserve Bank of India's forex reserves decreased to $635.828 billion from $635.905 billion during the week ended December 3.…
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Hyundai Motor replaces lead designer, R&D head in major reshuffle
Seoul: Hyundai Motor Group said on Friday it replaced its top foreign executives in design and research & development (R&D) in the latest regular reshuffle that includes more than 200 promotions to senior positions, in a…
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Indonesia’s economy to grow by 5.2% in 2022: World Bank
Jakarta: The World Bank has estimated that Indonesia's economy would grow by 3.7 per cent in 2021 and by 5.2 per cent in 2022, if there would be no other severe waves of the Covid-19 pandemic and the country's vaccination rate continues to…
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Bank of England raises interest rate to tackle rising inflation
London: The Bank of England has raised the interest rate for the first time in more than three years amid surging inflation after cutting rate to record low during the Covid-19 pandemic.
In a statement on Thursday, the bank said that its…
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German carmaker Audi increases investments in electric mobility
Berlin: German carmaker Audi has said it plans to invest around 18 billion euros ($20.4 billion) for electrification and hybridization during the next five years.
Audi increased total investments in research and development as well as…
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Amazon warehouse policies have put workers at risk: Report
San Francisco: As e-commerce giant Amazon faces a US government's probe into its warehouse collapse in the state of Illinois that left six people dead, workers at the facility have told The Intercept that they received almost no emergency…
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Qantas charts economic recovery
Canberra: Australian flag carrier Qantas on Thursday posted its end-of-year balance sheets showing that the airline is poised to climb out of debt as demand for travel picks up in the second half of 2022.
The company posted A$5.65…
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