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Economy
PE/VC investments in January at $4.5 billion
New Delhi: According to the IVCA-EY monthly PE/VC roundup, January 2022 recorded investments worth US$4.5 billion across 117 deals, including 13 large deals worth US$2.9 billion.
Exits recorded US$289 million across 14 deals in January!-->…
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India’s Jan wholesale price inflation sequentially eases to 12.96%
New Delhi: Lower prices of manufactured goods and a slight dip in fuel cost eased India's January 2022 wholesale inflation on a sequential basis.
Accordingly, the annual rate of inflation, based on wholesale prices, eased to 12.96 per!-->…
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RBI, govt working in complete harmony on crypto, says Sitharaman
New Delhi: Crypto is back on the discussion table as Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das deliberated over the issue. The Finance Minister had announced in her Budget speech that the!-->…
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Delhi HC nixes plea by Zostel to restrain OYO’s IPO process
New Delhi: The Delhi High Court on Monday nixed a plea filed by hostel chain Zostel (Zo Rooms) seeking to restrain OYO Hotels and Homes from proceeding with its initial public offering (IPO) process, claiming that the former has seven!-->…
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LIC provided Rs 7,419 crore as mortality reserve for Covid-19
Chennai: Life Insurance Corporation of India (LIC) has provided Rs 7,419.56 crore as a separate mortality reserve for April -September 30, 2021 for Covid-19 pandemic.
The LIC in its Draft Red Herring Prospectus (DRHP) has said for!-->…
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Succession planning as Noel Tata joins two Tata trusts as trustee
New Delhi: In an important development signalling succession planning, two main Tata trusts controlling Tata Sons roped in Noel Tata as a trustee making him a board member, as per media reports.
Reports said the move signals succession!-->…
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Equities plunge as Russia-Ukraine tension heightens; Sensex down over 1,000 pts
New Delhi: India's key benchmark equity indices -- S&P BSE Sensex and NSE Nifty50 -- declined sharply in early trade on Monday evidently due to heightened tension between Russia and Ukraine.
"Sentiments have turned very negative for!-->…
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Banks had tried to revive ABG Shipyard but failed: SBI
New Delhi: The State Bank of India on Sunday said that the consortium of banks, which had made loans to ABG Shipyard, had tried to revive its operations but all efforts failed as it was going through a downturn.
It said that the fraud!-->…
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Vizag Steel Plant workers intensify protest against privatisation
Visakhapatnam: Employees of the Visakhapatnam Steel Plant (VSP) on Sunday organised 'jail bharo' programme to mark one year of their protest against proposed privatisation.
Demanding that the Central government take back its decision to!-->…
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Sindhu Trade Links becomes multibagger, shares up 2000% in 2021
New Delhi: Sindhu Trade Links shares became multibagger in 2021 as it rose over 2,000 per cent during the year.
On Friday, the shares settled at Rs 139 on the BSE, against below Rs 10 in early-January 2021, data showed.
Stock prices!-->…
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