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Economy
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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India’s GDP expected to grow by 8.5% YoY in Q2FY22: Acuite
New Delhi: India's Q2FY22 GDP is expected to grow by 8.5 per cent on a year-on-year (YoY) basis amid support from a favourable base, Acuite Ratings and Research said.
As per the ratings agency, gradual removal of lockdown restrictions…
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Dream Sports raises $840 mn at $8 bn valuation
Mumbai: Homegrown sports tech platform Dream Sports has announced it has raised $840 million, led by Falcon Edge, DST Global, D1 Capital, RedBird Capital and Tiger Global, at an $8 billion valuation.
With an existing user base of 140…
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Markets open on positive note
Mumbai: The 30-scrip Sensitive Index (Sensex) on Thursday opened on a positive note during the morning trade.
The Sensex of the BSE opened at 58,363.93 points and touched a high of 58,395.71 points. The Sensex touched a low of 58,199.49…
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