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NSE goes Atmanirbhar, approves desi Gold bars to settle futures contracts

NSE goes Atmanirbhar, approves desi Gold bars to settle futures contracts

Mumbai: Desi Gold bars will be used to settle Futures contracts traded on the NSE platform.The exchange on Friday, July 10, 2020, announced the launch of NSE refiner standards (NRS) as a policy for standard gold delivery. "The NSE Refiner Standards for BIS – Standard Gold would enable the acceptance...

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Ahead of AGM, RIL hits milestone, Jio platforms gets 12th investor

Ahead of AGM, RIL hits milestone, Jio platforms gets 12th investor

Mumbai: Market capitalization of Reliance Industries Limited on Monday hit the milestone of 12 lakh crores with the scrip touching an all-time high of 1,947 per share.At the time of updating this story, the RIL counter on Bombay Stock Exchange observed a volume of 10.26 lakh shares exchanging hands ...

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Wipro laying-off? Chairman Rishad Premji reveals hybrid model

Wipro laying-off? Chairman Rishad Premji reveals hybrid model

Bengaluru: The 43 year old Chairman of Indian tech major Wipro on Monday shared an eloquent response to a  pressing question - could Wipro be retrenching or laying-off staff?In the wake of the Covid-19 outbreak, India's famed technology-table of behemoths including leaders such as TCS, Infosys ...

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6 months more for reliable vaccine says Adar Poonawalla

6 months more for reliable vaccine says Adar Poonawalla

Pune: The chief of city based Serum Institute of India believes that the country is at least 6 months away from their vaccine.  The company's CEO Adar Poonawalla reportedly explained that their researchers were focusing on a safe and effective vaccine rather than rushing through crucial researc...

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BofA report counters 'green-shoots', forecasts contraction in GDP

BofA report counters 'green-shoots', forecasts contraction in GDP

A Bank of America securities analysis finds that India's GDP could slip by 3 percent in 2020-21.  BofA's forecast of a GDP contraction has been based on the assumption that India fully opens to business by August. Should the impact of the pandemic exist beyond August, a higher GDP contraction h...

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MIT study says India could rank top of infamous Covid rank by Winter 2021

MIT study says India could rank top of infamous Covid rank by Winter 2021

A study on the spread of Covid-19 in 84 countries by a team of researchers at the Massachusetts Institute of Technology (MIT) concludes that India could top the rank of daily-cases by Winter 2021.  In a preprint paper, MIT professors - Hazhir Rahmandad and John Sterman, and Tse Yang Lim made th...

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TCS results: Covid chips net-profit but company upbeat on learning, dividends, customers, and operational resilience

TCS results: Covid chips net-profit but company upbeat on learning, dividends, customers, and operational resilience

Mumbai: Tata Consultancy Services on Thursday announced the results for the quarter ending June 30, 2020. The company also announced a dividend for its investors.TCS posted revenues of Rs 38,322 crores, marginally better than the revenues of Rs 38,172 crores earned in the first quarter of 2019-20. I...

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Yes Bank Scam: ED attaches assets over Rs 2,800 crores of Rana and Wadhwans

Yes Bank Scam: ED attaches assets over Rs 2,800 crores of Rana and Wadhwans

New Delhi: The Enforcement Directorate on Thursday tweeted of having attached properties and assets estimated at Rs 2,200 crores in connection with the alleged scam at Yes Bank.The assets and properties belonged to former Chief of Yes Bank, Rana Kapoor and also those of DHFL promoters Kapil and Dhee...

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Zoom India not flattered with JioMeet's alleged imitation

Zoom India not flattered with JioMeet's alleged imitation

Mumbai: Imitation is certainly not the best form of flattery. At least not when it comes to copying user-interface of a popular app.For those unaware, JioMeet, officially unveiled the first-look of its app a few days ago, inviting social-media flak for being eerily similar to Zoom app.There is a pro...

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India may sell stakes in this bank and Coal agency to raise 20,000 crores: report

India may sell stakes in this bank and Coal agency to raise 20,000 crores: report

New Delhi: A report on Wednesday claims that India could be selling stakes in a large mining entity and a bank with an objective of raising Rs 20,000 crores.The Finance Ministry is yet to comment, however, anonymous officials have been quoted as saying in the <i><a href="https://www.bloombe...

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