ians News

OYO to file for $1 bn IPO: Report

OYO to file for $1 bn IPO: Report

New Delhi: Hospitality major OYO is looking to file for an initial public offering (IPO) as soon as next week, media reports said.According to TechCrunch, the seven-year-old startup, founded by 27-year-old Ritesh Agarwal, is planning to raise as much as $1.2 billion in the IPO.The aforementioned ter...

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Companies given 2 more months to hold their AGMs

Companies given 2 more months to hold their AGMs

New Delhi: The government has decided to give a two month extension to companies to conduct their annual general meetings (AGM) for financial year 2020-21.The extension is being given on account of the wave of disruptions caused by the second wave of Covid and lockdowns in various parts of the count...

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RBI to purchase Rs 15K cr of securities under G-SAP 2.0

RBI to purchase Rs 15K cr of securities under G-SAP 2.0

Mumbai: The Reserve Bank will conduct open market purchase of government securities worth Rs 15,000 crore on September 30, under the G-sec Acquisition Programme (G-SAP 2.0).The open market purchase was announced by the RBI after the Monetary Policy Review meeting held in June.The RBI's recent G-SAP ...

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Indices rally on global cues; Sensex, Nifty make healthy gains

Indices rally on global cues; Sensex, Nifty make healthy gains

Mumbai: Positive global cues emanating from the US lifted India's key stock indices to record high levels during Thursday's trading session.Accordingly, both the key indices - S&P BSE Sensex and NSE Nifty50 - touched their new record intra-day highs after the US Federal Reserve kept interest rat...

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Biden admin prepares for possible govt shutdown

Biden admin prepares for possible govt shutdown

Washington: The Joe Biden administration is preparing for a possible government shutdown in the event that current funding runs out on September 30, White House press secretary Jen Psaki has said."It's consistent with longstanding practice across many administrations for the Office of Management and...

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PM meets American CEOs, Qualcomm keen on 5G tech in India

PM meets American CEOs, Qualcomm keen on 5G tech in India

Washington: In the first leg of his US visit, Prime Minister Narendra Modi, on Thursday met leading US CEOs in Washington.He held one-on-one meetings with CEOs of semiconductor and wireless technology manufacturer Qualcomm, software company Adobe, renewable energy company First Solar, arms manufactu...

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Modi meets with Qualcom CEO to highlight hi-tech opportunities

Modi meets with Qualcom CEO to highlight hi-tech opportunities

New York: Prime Minister Narendra Modi started his campaign to welcome more investments and enterprise creation in India with a meeting with wireless technology giant Qualcomm CEO Cristiano Amon in Washington on Thursday.After their meeting, the Prime Minister's Office tweeted that they "had a produ...

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Valuations Matter: Mid-cap IT stocks perk-up on cost factor

Valuations Matter: Mid-cap IT stocks perk-up on cost factor

Mumbai: Premium valuations rather than bigger brandnames have caught the investors' fancy in the IT space of Indian stock markets.The sector has emerged as one of the best performers during the pandemic period due to acceleration in adoption of digital solutions.Accordingly, large-cap IT companies r...

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NFRA's audit quality review finds fresh faults with ITNL's statutory auditors

NFRA's audit quality review finds fresh faults with ITNL's statutory auditors

New Delhi: The National Financial Reporting Authority (NFRA) has raised fresh doubts over the ability of statutory auditors in presenting true facts about the accounts of IL&FS Transportation Networks Ltd (ITNL), a subsidiary of beleaguered infrastructure financier IL&FS.In its Audit Quality...

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Record-Highs: Global cues trigger rally; Sensex, Nifty make healthy gains

Record-Highs: Global cues trigger rally; Sensex, Nifty make healthy gains

Mumbai: Positive global cues emanating from the US lifted India's key stock indices to their record high levels during Thursday's trade session.Accordingly, both key indices - S&P BSE Sensex and NSE Nifty50 - touched their new record intra-day highs after the US Federal Reserve kept interest rat...

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