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Economy
Equities settle low; Sensex, Nifty plunge 0.9% each
New Delhi : The Indian equity indices declined on Wednesday and settled in the red.
Sensex settled at 56,819 points, down 0.9 per cent or 537 points, whereas Nifty at 17,038 points, down 0.9 per cent or 162 points.
"Market continued to!-->…
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Investors likely to lose up to $545 mn worth Bitcoin in 2022
New Delhi: Bitcoin investors are likely to lose up to $545 million this year, owing to various reasons like forgetting passwords to their wallets or making a mistake in recording their "seed phrases", according to a new report.
A seed!-->…
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Maha power shortage artificial, due to wrong policies, says union
MSEWF President Mohan Sharma said that the current power demand in the state is 28,276 MW from its 2.89 crore consumers of all categories.
While the total production by Maharashtra State Power Generation Company is 12,972 MW, the rest is!-->…
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Global share prices fall on fears of further China lockdowns
London: Shares in the US and Asia have fallen on fears about the impact of lockdowns in China on global economic growth, BBC reported.
On Tuesday, the technology-heavy Nasdaq Composite index closed at its lowest level since late 2020.!-->…
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Indian non-life insurance sector to grow by 10-12% in FY23: ICRA
Chennai: Credit rating agency ICRA said on Wednesday that it expects the Indian general insurance sector to log about 10-12 per cent premium growth in FY23.
According to ICRA, the growth will be led by health and commercial business!-->…
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How neobanks are set to disrupt $31 bn Indian fintech market
New Delhi: The $31 billion fintech market in India is set for a disruption with the emergence of neobanks and to scale and secure a foothold, these digital-only banks should acquire primary bank accounts, a new report said on Wednesday.!-->…
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ED takes action against Chinese fintech companies
New Delhi : In the latest action against fintech companies controlled by Chinese, who had been providing short term loans and were allegedly involved in money laundering, the Enforcement Directorate (ED) on Wednesday said that it has!-->…
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Budget of homebuyers becoming flexible, says M3M’s Pankaj Bansal
New Delhi: The economic growth is fuelling the purchasing power of homebuyers and the potential to afford flexible EMIs seems to be picking-up.
This has fuelled home sales in India, which are at present highest in the last seven years,!-->…
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Tangedco to double power production by 2030 in TN
Chennai: The Tamil Nadu Power Generation and Distribution Company (Tangedco) will double up the power production in the state by 2030.
State Electricity Minister Senthil Balaji in a statement on Wednesday said that the Tangedco will!-->…
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Human bias hurting sustainability efforts, say Indian biz leaders
New Delhi: Nearly 100 per cent of business leaders in India believe human bias and emotions are hurting corporate sustainability efforts, and bots will soon succeed where humans have failed on sustainability, a new report showed on!-->…
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