Federal Reserve to start reining in economic aid as inflation risk rises
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The Fed#39;s likely decision this week to taper its bond purchases comes as high inflation is bedeviling the U.S. economy for much longer than Powell and many other officials initially expected.
KPIT Q2 net doubles; ups guidance on revenue, margins
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The company#39;s co-founder, managing director and chief executive Kishor Patil said based on the encouraging numbers posted in the first half, it is revising up its revenue growth guidance for FY22 to 16-18 per cent from the earlier expectation of mid-teens.
Investor inquisition awaits Credit Suisse chairman after scandals
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Horta-Osorio had given himself until the end of the year to reveal his strategic vision for Credit Suisse, but the bank said the investor day on Thursday would «provide an update» on the strategy review.
About 80% of economy now formal following digitisation drive, pandemic: SBI Report
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Share of the informal economy has fallen drastically to 15-20 per cent of the gross value added (GVA) or the formal GDP in 2020-21 from 52.4 per cent in 2017-18 due to digitisation and the rapidly expanding gig economy, said Soumya Kanti Ghosh, the group chie
41 % Indians believe economy will bounce back by January 2022 : Axis My India survey
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The survey also found that the overall household spending has increased for 63 percent of families which reflects a 7 per cent increase from the last month. This increase is highest in Northern India.
Capital Small Finance Bank files draft papers with SEBI to raise funds via IPO
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The initial public offering (IPO) consists of fresh issuance of equity shares worth Rs 450 crore and an offer for sale of up to 38.40 lakh equity shares, according to draft red herring prospectus (DRHP).
For countless Indians, the JioPhone Next may be the passport to a better tomorrow
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The JioPhone Next could significantly improve the quality of life of Indian citizens by fuelling a digital transformation that could bridge the gulf which separates âIndiaâ and âBharatâ, and positively impact several flagship initiatives s
Ducati launches Scrambler Desert Sled Fasthouse motorcycle in India, priced at Rs 10.99 lakh
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The model, created to celebrate the collaboration between Ducati Scrambler and the American clothing brand Fasthouse, is powered by an 803cc engine, Ducati India said in a statement.
Strong travel demand from Bengaluru, says Thomas Cook India
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Post 18 months of restrictions, customers from Bengaluru have been displaying a strong travel desire, with positive announcements on reopening of borders and vaccine acceptance driving a 70 per cent month-on-month increase in demand, it said.
JSW Steel USA begins Phase II upgrade of plate mill facility in Texas, US
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The project which is expected to be completed by 2023, is being carried out by its subsidiary company JSW Steel (USA) Inc, JSW Steel said in a statement.
TVS Motor Company launches 125 cc-motorcycle Raider in Nepal
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The sporty motorcycle is powered by a 124.8 cc air and oil-cooled engine, with a maximum power output of 12.9 PS at 8,000 rpm and can accelerate from 0-60 km/h in 5.7 secs, the company said in a regulatory filing.
Bajaj Auto reports 14% decline in total October sales
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Total domestic sales were down 22 percent at 2,18,565 units last month as against 2,81,160 units in October 2020. Exports were at 2,21,050 units last month as compared to 2,30,878 units in the same month last year, down 4 percent.
Halloween horror: How railway officials spooked IRCTC investors
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Hereâs the lowdown on how a Railway Ministry decision aimed at earning Rs 500 crore revenue annually, on average, led to market cap worth Rs 18,000 crore being wiped out
High Taxes Hampering Growth of Luxury Car Segment in India: Audi
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Luxury car volumes account for less than 2 percent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade
Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the companyâs filing to the stock exchanges.
Maruti Suzuki expects adverse impact on production next month due to semiconductor shortage
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Terming the situation as quite dynamic, the countryâs largest carmaker noted in a regulatory filing that as per current estimates the total vehicle production volume across both locations in Haryana next month could be around 85 per cent of normal roll-o
Godfrey Phillips India Q2 net up 2% at Rs 105 crore
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The company had posted a consolidated net profit of Rs 103.06 crore in the same quarter last fiscal, Godfrey Phillips India Ltd (GPI) said in a regulatory filing.
SEBI warns Vedanta over related-party transactions
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In a warning letter, which Vedanta as per SEBI directions disclosed to stock exchanges, the regulator said it will take action if such actions were repeated in future.
