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Government Seeks Rs 1.67 Lakh Crore In Additional Budgetary Spending
Reuters | Monday September 14, 2020Union Government sought an additional Rs 46,602 crore to transfer to states and Rs 10,000 crore more for its food subsidy scheme. -
Wholesale Inflation At 0.16% In August, Versus -0.58% In July
Edited by Abhishek Vasudev | Monday September 14, 2020Wholesale prices rose 0.16 per cent in August as against deflation of 0.58 per cent in the previous month. -
Computer Age Management Services IPO Coming Soon. Here Are Things To Know
Edited by Peter Noronha | Monday September 14, 2020The 2,258.00 crore IPO will be an offer-for-sale of 1.22 crore shares by the promoters, including Great Terrain Investment, NSE Investments, Warburg Pincus and Acsys Investments. -
Google, Facebook And Others Can't Bypass Mukesh Ambani In India
Ari Altstedter and P R Sanjai, Bloomberg | Monday September 14, 2020The 63-year-old Indian tycoon has identified technology and retail as future growth areas in a pivot away from the energy businesses. -
Mukesh Ambani's $2 Chutzpah Unlocks Another Fortune
Andy Mukherjee | Bloomberg | Monday September 14, 2020Covid-19 has been a shot in the arm for Reliance, despite retail Ebitda of only $145 million in the June quarter, a 47 per cent drop from last year. -
From Veggie Tacos To Health Care, Dabur Billionaire's Sprawling Bets
Alex Sazonov and Blake Schmidt, Bloomberg | Monday September 14, 2020Burman Family Holdings' investments range from "promising" domestic startups like DMI Finance to global companies such as Yum! Brands Inc.'s Taco Bell and Aviva Plc. -
77-Year-Old Entrepreneur's Bengaluru-Based Start-Up Hits IPO Jackpot
Saritha Rai and Ronojoy Mazumdar, Bloomberg | Monday September 14, 2020Happiest Minds Technologies' IPO got bids for 3.51 billion shares versus the 23.3 million on offer, ranking it among India's most successful first-time share sales of this decade. -
Apple iPhone Makers May Be Gainers In $6.6 Billion India Plan: Report
Saritha Rai, Bloomberg | Monday September 14, 2020At a cabinet meeting on Wednesday, the government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years. -
Sensex Jumps Over 300 Points, Nifty Crosses 11,500 Amid Gains Across Sectors
Edited by Sandeep Singh (with inputs from agencies) | Monday September 14, 2020Asian share markets firmed on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its Phase 3 trial though sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States. -
Petrol, Diesel Prices Cut By 13-16 Paise On Monday
Edited by Peter Noronha | Monday September 14, 2020In Delhi, the prices of petrol were slashed to Rs 81.72 from Rs 81.86 per litre and diesel rates were cut to Rs 72.78 from Rs 72.93 per litre, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Firm Start
Edited by Peter Noronha (with inputs from agencies) | Monday September 14, 2020The domestic stock markets are likely to open in the green, following positive Asian cues, as hopes of a coronavirus vaccine have been rekindled across the world. -
Central Board Of Direct Taxes Deploys Two-Third Staff For Faceless Assessment
Asian News International | Sunday September 13, 2020, New DelhiFaceless Assessment Scheme was inaugurated as Phase 1 on October 7, 2019, with 58,320 assigned cases. On August 13 this year, Prime Minister Narendra Modi launched the platform for transparent taxation. -
Rs 30,000 Crore Special Liquidity Scheme Under Atmanirbhar Bharat Doing Well: Finance Ministry
Asian News International | Sunday September 13, 2020, New Delhi37 proposals worth Rs 10,590 crores have been approved and six applications seeking Rs 783.5 crore are under process, as on September 11, the Finance Ministry said. -
UCO Bank Cites Supreme Court Order For Delay In Studying Its Asset Quality
Pres Trust of India | Sunday September 13, 2020On September 3, the Supreme Court said accounts which were not declared as non-performing assets till August 31 this year shall not be declared NPAs till further orders. -
Route Mobile IPO Subscribed 73 Times
Edited by Peter Noronha | Sunday September 13, 2020Retail investors portion was subscribed 12.67 times, non-institutional investors segment attracted bids of 192.81 times and qualified institutional buyers, 89.76 times.
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