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Economy
Equity indices decline marginally on profit booking
New Delhi: India's key equity indices -- Sensex and Nifty -- declined marginally in early trade on Tuesday due to profit booking.
This comes after a sharp rise in indices on Monday led by the announcement of the merger of HDFC twins.
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Power tariff revised in Karnataka, users will have to pay more
Bengaluru: Amid the hike of fuel prices, the Karnataka government has revised the electricity tariff in the state for financial year 2022-23, applicable from April 1, with consumers now having to pay an additional 35 paise per unit.
The!-->…
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CCI orders probe into conduct of Zomato, Swiggy
New Delhi : The Competition Commission of India (CCI) on Monday ordered a thorough investigation into the conduct of online food delivery platforms Zomato and Swiggy, which are allegedly involved in delayed payment cycle and exorbitant!-->…
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Rs 150 crore out of Rs 1,500 crore paid for stalled Amrapali housing projects, SC told
New Delhi : The Supreme Court was informed on Monday that the first tranche of Rs 150 crore out of the total sum of Rs 1,500 crore, meant for construction of stalled Amrapali housing projects, has been directly paid to the National!-->…
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GST Council did not recommend reducing GST on health insurance: FM
New Delhi : The GST Council has not recommended reduction of the 18 per cent GST rate on health insurance schemes, Finance Minister Nirmala Sitharaman told the Parliament on Monday.
At present, GST on health insurance services is levied!-->…
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IndiGo suspends pilots on disciplinary grounds
New Delhi : Airline major IndiGo on Monday suspended some of its pilots on disciplinary grounds.
In a statement, an IndiGo spokesperson said: "We confirm that a handful of IndiGo pilots have been suspended from duty for indulging in!-->…
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Why HDFC merger is beneficial for macro economy, shareholders
New Delhi : The mega merger of HDFC twins -- HDFC and HDFC Bank -- promises to be a win-win scenario for both these companies, shareholders as well as the economy.
The proposed transaction intends to create a large balance sheet and!-->…
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Among Tata cos, M-cap of Tata Steel, Tata Elxsi, Indian Hotels, Trent zoomed in Q1CY22
New Delhi : Though the market capitalisation of Tata Group companies has risen merely 1.8 per cent in Q1CY22 (January-March), Tata Steel and Tata Elxsi saw a substantial jump during the quarter, market data showed.
Commonly referred to!-->…
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Amazon, Future Retail agree in SC to appear before Singapore Int’l Arbitration Centre
New Delhi : Amazon and Future Retail Ltd (FRL) on Monday informed the Supreme Court that they wish to appear before the Singapore International Arbitration Centre in connection with the pending adjudication of arbitration proceedings!-->…
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Merger to unlock value for HDFC Bank, positive for macro economy: Brokerage
New Delhi: The merger of HDFC into the HDFC Bank will enable value unlocking for the latter in order to build a solid housing loan portfolio by enhancing its existing customer base, said brokerage house Axis Securities.
In a major!-->…
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