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Economy
Elon Musk takes 9.2% passive stake in Twitter, stock soars 28%
New Delhi/San Francisco: Twitter shares surged nearly 28 per cent on Monday after regulatory filings in the US revealed that Tesla and SpaceX CEO Elon Musk has a 9.2 per cent passive stake in Parag Agrawal-run platform.
According to a!-->…
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Will protect interest of home buyers in Supertech’s twin towers, assures SC
New Delhi- The Supreme Court on Monday said it will protect the interest of home buyers in Supertech's 40-storey twin towers against the backdrop of the appointment of Interim Resolution Professional (IRP) in the insolvency proceedings!-->…
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Indices settle high as HDFC merger lent support, Sensex up 1,335 pts
New Delhi- Keeping the opening session gains intact, India's key equity indices -- Sensex and Nifty -- settled sharply higher on Monday, driven by gains in HDFC and HDFC Bank as the two announced a merger deal which lent broad-based!-->…
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TN sets up expert advisory council to develop federal fiscal model
Chennai- The Tamil Nadu government has set up a six member expert advisory council to develop a Federal Fiscal Model.
State Finance Minister Palanivel Thiaga Rajan in his Budget speech 2021-22 had said the government would establish an!-->…
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Must appreciate Indian retail investors: Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Monday, while responding during Question Hour in the Lok Sabha, said that Indian retail investors should be appreciated.
"We must appreciate the Indian retail investors and their!-->…
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Growth Oriented: RBI’s MPC expected to hold rates
The MPC will review the monetary policy in its meeting during April 6-8.
Accordingly, economists and industry experts cited the MPC's strategic focus on growth as a key consideration to hold on rates.
Nonetheless, the central bank's MPC!-->…
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India’s March manufacturing sector growth weakens: PMI
New Delhi: The growth rate of India's manufacturing sector sequentially slowed in March 2022 due to softer rise in demand.
Accordingly, the seasonally-adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) came in!-->…
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Flipkart Foundation to empower 20 mn Indians in next decade
New Delhi: With an aim to positively impact 20 million lives directly and indirectly in the next decade, the Flipkart Group on Monday launched the Flipkart Foundation that will aim to build an inclusive, equitable and sustainable society!-->…
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Motilal Oswal gives ‘buy’ call for HDFC Bank, pegs target price at Rs 2K
New Delhi: Brokerage house Motilal Oswal Financial Services has given a 'buy' call for HDFC Bank shares due to the bank's strong growth in retail and unsecured loans.
The brokerage kept the target price at Rs 2,000 as against the!-->…
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RBI expected to go for cumulative rate rise of 125bps in fiscal 2023: Morgan Stanley
New Delhi: Morgan Stanley expects the RBI to embark on policy normalisation with a 15-20bps hike in the reverse repo rate to normalise the policy rate corridor in the upcoming MPC meeting.
This is against the backdrop of both domestic!-->…
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