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Economy
Real estate sector to contribute 13% to India’s GDP by 2025
New Delhi: According to a report released in August by the Indian Real Estate Industry, the real estate market is all set to reach a market size of $1 trillion by 2030, and will contribute 13 per cent to the GDP by 2025.
The report also…
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Now, Reliance Jio raises prepaid tariffs by around 20%
New Delhi: After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.
The revised tariffs will come into effect from December 1, the telecom major said.…
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RBI’s recent norms may spike NPAs for NBFCs, says ICRA
New Delhi: The Reserve Bank of India's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in…
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Tomato prices may stay high for another 2 months: Crisil
New Delhi: Prices of staple vegetable tomato are likely to stay elevated for two more months, CRISIL said.
Tomatoes account for 10 per cent of the total vegetable production in India.
"With standing crops damaged by excess rains in…
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US dollar falls amid rising risk aversion
New York: The US dollar recorded a deep decrease in late trading on Friday as demand for a safe haven shot up.
The dollar index, which measures the greenback against six major peers, decreased 0.75 per cent at 96.0468 in late trading.…
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Paytm posts Q2 results, revenue from ops up by 64% to Rs 10.9 bn
New Delhi: India's leading digital ecosystem for consumers and merchants, Paytm announced its second quarter earnings report. The digital payments and financial services platform saw its revenue from operations grow by 64 per cent Y-o-Y to…
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Rains hampered supply chains, led to rising tomatoes, onions prices: Govt
New Delhi: Excessive rains in October in north India and later in southern states led to supply chain breaks, which in turn, has led to price rises for onions and tomatoes, the government said on Friday.
The all-India average retail…
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India’s foreign exchange reserves rise by $289 mn
Mumbai: India's foreign exchange reserves rose by $289 million during the week ended November 19.
The Reserve Bank of India's forex reserves increased to $640.401 billion from $640.112 billion reported for the week ended November 12.…
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RBI accepts 21 recommendations on ownership of private banks
New Delhi: The Reserve Bank of India has accepted 21 out of the 33 recommendations submitted by an internal working group on the ownership and corporate structure of India's private sector banks.
The internal group was constituted by the…
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Covid-triggered FIIs’ selling behind mammoth crash in Indian equities
Mumbai: A massive foreign fund outflow triggered by the panic among the investors over the new Covid-19 variant found in southern Africa plunged the key equity indices -- S&P BSE Sensex and NSE Nifty50 -- deep into the red on Friday.…
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