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Rupee vs Dollar: Rupee moved in a tight range of 70.31 to 70.22 in the morning trade.

The rupee weakened by 19 paise to 70.25 against the US dollar in early trade on Thursday due to fresh buying of the American currency by importers and banks, news agency Press Trust of India (PTI) reported. A higher opening of domestic equity market, however,

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Maruti Suzuki India, the country's top-selling carmaker, said on Wednesday it would recall 5,900 mini pickup trucks to inspect a defect in the fuel filter of some units.

The auto maker will inspect the likely defect in its Super Carry vehicles manufactured between April 26 and August 1 this year, it said in a statement.

At 10:32 am, shares in Maruti

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India witnessed a dramatic rise of eight unicorns in 2018 from among the start-ups across verticals.

Bengaluru: 

India witnessed a dramatic rise of eight unicorns in 2018 from among the start-ups across verticals as against a mere nine in six years from 2011 till 2017, according to IT industry apex body Nasscom.

The start-ups joining the select club

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Heavyweights Reliance, Yes Bank, Vedanta and Sun Pharmacontributed the most to the gains on the Sensex.

Domestic stock markets started Thursday's session on a positive note, taking cues from Wall Street as US stocks recovered from heavy losses after the White House assured that US President Trump had no

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INR Vs USD: Financial markets were closed on Tuesday on account of Christmas.

Mumbai: 

The rupee gained 19 paise against the US dollar on Wednesday to trade at 69.95 after increased selling of the US currency by exporters and banks. However, a lower opening of the domestic equity markets capped the rise, dealers said.  

At the Interbank Foreign

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There were 492 crore pieces of the Rs 20 note in circulation as on March 31, 2016, according to RBI data

Soon, a new currency note of Rs 20 denomination will be introduced in the market. The Reserve Bank of India (RBI) would soon introduce the new 20-rupee bank note, news agency Press Trust of India reported

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SpiceJet will deploy its Bombardier Q400s on all new routes.

New Delhi: 

SpiceJet announced Wednesday a daily direct flight on the Kolkata-Lilabari route under the regional connectivity scheme, UDAN. Reiterating its focus on regional connectivity agenda, the airline also announced a new direct flight connecting Kolkata with Jabalpur and an

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Except IT and pharma, all sectoral indices traded in the green.

Domestic stock markets rebounded after falling over 1 per cent on Wednesday supported by gains in shares of private bank and auto companies. The S-P BSE Sensex rose as much as 233.65 points to touch 35,703.80, while the Nifty50 barometer of

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Petrol and diesel prices are reviewed by state-run oil marketing companies every day

Petrol prices were at the year 2018's lowest levels in Delhi, Kolkata, Mumbai and Chennai, while diesel prices were at their lowest since March. Petrol prices were reduced by seven paise per litre in the four metros on Tuesday, while diesel prices were kept

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The board of RBI in its meeting on November 19 had decided to constitute the panel.

MUMBAI: 

The RBI Wednesday named former governor Bimal Jalan as the head of the expert panel that will decide on the appropriate size of reserves that the central bank should maintain and the dividend it should give to the government. Former economic affairs

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Recurring deposit interest rates, once determined, do not change during the tenure.

Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income. On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and the interest income

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Fixed deposit interest rates are subject to change from time to time.

Fixed deposits (FDs) are secure financial instruments offered by commercial banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than

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Stock markets reversed their early losses to close the day with gains.

The rupee trimmed its early sharp gains to settle 8 paise higher at 70.06 against the US currency mainly due to dollar buying by importers in the last hour of trade. The dollar strengthened against major global currencies in a restricted trade which also weighed on the domestic

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In March, Vedanta was declared as the successful resolution applicant for ESL under insolvency process.

Kolkata: 

Vedanta on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5 million tonne (MT) per annum at an investment of $3-4 billion. The plant will be part of the company's newly-acquired Electrosteel Steels Ltd

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New York: 

Crude oil prices plunged more than 6 per cent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market.

US crude futures and global benchmark Brent hit their lowest levels since 2017 during the session, putting both benchmarks on track for losses of

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These changes will come into effect from February 1 next year.

Tightening norms for e-commerce firms having foreign investment, the government on Wednesday barred online marketplaces like Flipkart and Amazon from selling products of companies where they hold stakes and banned exclusive marketing arrangements that could influence product price. The

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The finance minister said charities in India depend on social endowments.

Hospitals, universities and other institutions in developed countries receive large endowments due to factors like inheritance tax, which is not the case in India, Finance Minister Arun Jaitley said on Tuesday. Analysing the means of funding for India's healthcare and

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Rupee gained 30 paise to touch a day's high of 69.88 per dollar in late morning trade.

The rupee on Monday recovered by 4 paise to close at 70.14 against the US currency, aided by weak crude oil prices and the dollar's losses in global markets due to political uncertainty in the US. Crude oil prices remained below the $55 per barrel mark,

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Sovereign, however, traded flat at Rs 25,000 per piece of eight grams.

Gold prices on Wednesday rose by Rs 100 to Rs 32,500 per 10 grams at the bullion market, owing to increased buying by local jewellers amid positive trend overseas, reported news agency Press Trust of India. Following the movement of gold, silver also jumped by Rs 125 to Rs

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However, private sector banks will continue to function as usual.

New Delhi: 

Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. This will be the second bank strike in less than a week.

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The decline in domestic fuel prices comes amid the recent fall in global crude oil prices.

New Delhi: 

Petrol price in Delhi fell below the Rs 70-per-litre mark on Monday for the first time after January and recorded the lowest level in 2018 at Rs 69.86 per litre.

On Sunday, petrol was sold at Rs 70.07 a litre in the national capital, data on the

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Beleaguered Infrastructure Leasing - Financial Services Ltd said on Wednesday it appointed retired Indian Administrative Service official Bijay Kumar as its deputy managing director.

The debt-laden company also appointed N Srinivasan as a non-executive director.

 

(Except for the headline, this story has not been edited by TheIndianSubcontinent

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Sovereign, however, traded flat at Rs 25,000 per piece of 8 grams.

Gaining for second straight day, gold prices Tuesday rose by Rs 125 to Rs 32,400 per 10 grams at the bullion market in the Delhi, reported news agency Press Trust of India. The prices climbed on higher demand from local jewellers even though international markets were closed due to

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Sovereign gold, however, traded flat at Rs 25,000 per piece of eight grams.

Gold prices rose by Rs 175 to Rs 32,275 per 10 grams at the bullion market on Monday, reported news agency Press Trust of India. The jump came on the back of positive global cues and fresh buying by local jewellers. Silver followed suit and advanced by Rs 200 to Rs 38,000

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Gains in banking, financial services and infra stocks pushed the indices higher

Domestic stock markets reversed early losses to break a three-day losing spree on Wednesday, shrugging off weakness in Asian peers on global growth concerns. National Stock Exchange (NSE) benchmark index Nifty rose 66 points to

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Domestic stock, forex markets remained closed on Tuesday on account of Christmas.

Domestic financial markets remained closed on Tuesday on account of Christmas. On Monday (Christmas Eve), the domestic equity markets registered a two-week closing low while the rupee edged higher against the dollar, to settle at 70.14. Concerns related to global

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Max India shares closed 3.95 per cent lower at Rs 80.30.

Healthcare firm Max India said on Monday it would sell a majority stake in its hospital-operating joint venture to KKR-backed Radiant Life Care Pvt Ltd, resulting in a listed company worth Rs 7,242 crore ($1.03 billion). In a so-called reverse merger, Radiant will buy out the other JV

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Bank strike today: This is the second bank strike in less than a week.

Branches of state-owned banks are shut on Wednesday on account of a nation-wide strike called by the United Forum of Bank Unions (UFBU) against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. However, private

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According to GoAir, it expanded the services effective December 22.

Budget passenger carrier GoAir on Monday said that it has enhanced its operations to Phuket with the launch of daily directly flights from Mumbai, New Delhi and Bengaluru, reported news agency Indo Asian News Service (IANS). "At the beginning GoAir started two direct flights per

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Bank employees have called a strike on Wednesday, December 26, a day after the December 25 holiday for Christmas. With the failure of conciliation talks, about 10 lakh employees in private and government banks would go on strike on December 26 protesting against the merger of Bank of Baroda, Dena Bank and

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