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Sensex, Nifty Snap Two-Day Winning Streak As Banking Shares Drag
Edited by Abhishek Vasudev | Monday September 14, 2020Six of 11 sector gauges compiled by the National Stock Exchange ended lower, led by Nifty Bank index's 1.3 per cent decline. -
Funds Seek To Calm Investors As Sebi's New Norms Affect $2 Billion In Equity Assets
Reuters | Monday September 14, 2020Securities and Exchange Board of India (SEBI) said so-called multi-cap funds should invest a minimum 75 per cent in stocks, with equal allocation of 25 per cent between large-, mid- and small-cap shares. -
Sensex Slumps Over 650 Points From Day's High As Banking Shares Drag
Edited by Abhishek Vasudev | Monday September 14, 2020Mid- and small-cap shares rallied after market regulator Securities and Exchange Board of India (Sebi) tweaked norms for asset allocation for multi-cap mutual funds. -
Government To Infuse Rs 20,000 Crore In State-Run Banks
Reuters | Monday September 14, 2020, New DelhiThe government has already pumped in Rs 3.5 lakh crore in the last five years to rescue its banks. -
Mid, Small Cap Shares Rally After Regulator Sebi Tweaks Norms For Multi-Cap Funds
Edited by Abhishek Vasudev | Monday September 14, 2020The Nifty Midcap 100 index surged as much as 3.32 per cent, and the Nifty Smallcap 100 as much as 5.56 per cent, during Monday's session. -
HCL Tech Soars To Record High After IT Major Raises September Quarter Revenue Outlook
Edited by Sandeep Singh | Monday September 14, 2020HCL Technologies (HCL Tech) said it expects its revenue and operating "to be meaningfully better than the top end" of the guidance provided in July 2020. -
S&P Expects India's Economy To Contract 9% In Fiscal 2021
Reuters | Monday September 14, 2020S&P joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction. -
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 IPO will open on September 21 and close on September 23, and will be available at a price of Rs 1,250 per share. -
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.
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