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The Hindu Business Profile
The Hindu Business

@thehindubiz

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17,748

Business, industry and economy as covered by India's national newspaper.

Joined December 2015
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@thehindubiz
The Hindu Business
5 years
This makes RIL chairman #MukeshAmbani the 12th richest man in the world and Asia’s richest with personal wealth of $60.7 billion #reliance
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@thehindubiz
The Hindu Business
2 years
Customers will have to pay 5% #GST on pre-packed, labelled food items like atta, paneer and curd, besides hospital rooms with rent above ₹5,000 from Monday with the GST Council's decision coming into force.
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@thehindubiz
The Hindu Business
5 years
IMF MD names former RBI Governor #RaghuramRajan and 11 others to her external advisory group to provide perspectives on responses to the challenges the world now faces due to the #coronavirus pandemic
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@thehindubiz
The Hindu Business
3 years
#India 's second-largest software services firm #Infosys reported an 11.8% rise in consolidated net profit to ₹5,809 crore for December 2021 quarter.
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@thehindubiz
The Hindu Business
3 years
Overseas investors have pulled out a net ₹1,14,855.97 crore from the Indian markets in the current year so far, amid heightened geopolitical tensions and inflation concerns.
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@thehindubiz
The Hindu Business
4 years
#ElonMusk , the co-founder and CEO of automaker #Tesla Inc, on Friday tweeted that the company would be entering the Indian market “next year for sure”
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@thehindubiz
The Hindu Business
2 years
#Wipro Chairman #RishadPremji said 300 people who worked with the company were also found to be working for one of its competitors at the same time, as he firmly stood his ground that moonlighting is “complete violation of integrity in its deepest form”.
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@thehindubiz
The Hindu Business
2 years
#Bengaluru -based IT services company #Infosys on Sunday ported a 3.2% increase in net profit to ₹5,360 crores for the first quarter ended June. However, the figures reflected a 5.7% decline sequentially from the previous quarter ended in March.
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@thehindubiz
The Hindu Business
3 years
The #AirIndia board is expected to resign in a few hours post noon on Thursday and the new board constituted by the #TataGroup will take over the airline by 3 p.m., according to people familiar with the development.
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@thehindubiz
The Hindu Business
5 years
#Microsoft Corp co-founder #BillGates stepped down from the board to focus on philanthropic works related to global health, education and climate change
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@thehindubiz
The Hindu Business
6 years
Just in | #Rupee crashes to yet another record low of 71.10 against US dollar. - PTI
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@thehindubiz
The Hindu Business
4 years
The planned investment, if completed, would mean #Amazon acquiring a roughly 5% stake based on the current market value of Bharti, which is India’s third-largest telecoms company with more than 300 million subscribers
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@thehindubiz
The Hindu Business
4 years
Just in | The gross #GST revenue collected in December 2020 hit an all-time high since the introduction of the tax in 2017, at ₹ 1,15,174 crore. This reflects a 12% growth over GST collections in December 2019. - @tragicosmicomic reports.
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@thehindubiz
The Hindu Business
5 years
Rupee declines by 42 paise to 72.08 against the US currency in early trade, due to strong dollar demand from banks and importers amid unabated foreign fund outflows #rupee
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@thehindubiz
The Hindu Business
4 years
Investments will focus on four areas: access to information in local language, building new products and services relevant to India, digital transformation of businesses and leveraging technology and #AI for social good #Google #PMModi
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@thehindubiz
The Hindu Business
2 years
The Indian #rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3%, its biggest annual decline since 2013, as the #dollar rocketed on the U.S. Federal Reserve's aggressive monetary policy stance to tame #inflation .
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@thehindubiz
The Hindu Business
2 years
At the interbank foreign exchange, the #rupee opened at 79.72 against the American #dollar , then went lower to trade at 79.74 against the greenback in early deals, registering a gain of 7 paise over the last close.
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@thehindubiz
The Hindu Business
5 years
#Wipro family, comprising of #AzimPremji Foundation, Wipro Ltd and Wipro Enterprises, has committed Rs 1,125 crore towards tackling the unprecedented health and humanitarian crisis arising from the COVID-19 pandemic outbreak
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@thehindubiz
The Hindu Business
4 years
Just in: #Google CEO #SundarPichai announces Rs 75,000 crore or about USD 10 billion digitalization fund to be utilised over next 5-7yrs. This will be done via a mix of equity investments, partnership and operational infra and ecosystem investment. - @yuthikabhargava reports
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@thehindubiz
The Hindu Business
2 years
The #rupee depreciated 51 paise to an all-time low of 80.47 against the U.S. #dollar in early trade after the U.S. Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments.
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@thehindubiz
The Hindu Business
8 years
Cards will become redundant in India as every Indian will do transaction just by using his thumb and mobile phones
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@thehindubiz
The Hindu Business
4 years
Just in | #Jio Platforms develops made in India 5G solution: #MukeshAmbani - Lalatendu Mishra reports.
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@thehindubiz
The Hindu Business
5 years
Just in: Core sector growth declines 0.5% in August: Official data. PTI
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@thehindubiz
The Hindu Business
4 years
Economists at SBI in a report stated that #petrolprice can go down to ₹75 a litre across the country if it is brought under the ambit of #GST .
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@thehindubiz
The Hindu Business
4 years
India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of the decline in imports from the neighbouring country, according to government data
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@thehindubiz
The Hindu Business
3 years
Just in: #MarutiSuzuki will shut down its factories in Haryana to make oxygen for medical needs; same decision taken by Suzuki Motor Gujarat.The company has decided to advance its maintenance shutdown, originally scheduled for June,to 1st to 9th May: statement - @yuthikabhargava
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@thehindubiz
The Hindu Business
4 years
Reliance has now sold 22.38% of Jio Platforms to investors including Facebook Inc, securing ₹1,04,326.95 crore in less than eight weeks
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@thehindubiz
The Hindu Business
5 years
#Parle Products Pvt Ltd, a leading Indian biscuit maker, might lay off up to 10,000 workers as slowing economic growth and falling demand in the rural areas ?
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@thehindubiz
The Hindu Business
4 years
Just in | Intel Capital to buy 0.39 pc stake in #JioPlatforms for Rs. 1,894.5 crore - via PTI
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@thehindubiz
The Hindu Business
3 years
Former #RBI Governor Urjit Patel has been appointed as a vice-president of the Beijing-based multilateral funding institution #AIIB , according to sources in the bank on January 9.
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@thehindubiz
The Hindu Business
2 years
Customers will have to pay 5% #GST on pre-packed, labelled food items like atta, paneer and curd, besides hospital rooms with rent above ₹5,000 from Monday with the GST Council's decision coming into force.
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@thehindubiz
The Hindu Business
3 years
Just in | #Reliance ramps up production of medical-grade liquid oxygen to 1000 MT per day to meet the need of one lakh patients. In April; the company supplied over 15000 MT #oxygen free of cost to nearly 15 lakh patients: company statement - via @LangaMahesh
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@thehindubiz
The Hindu Business
4 years
Just in | India’s gross #GST revenue collected in the month of January 2021 hits a record high of ₹ 1,19,847 crore, 8% higher than a year ago. - @tragicosmicomic reports
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@thehindubiz
The Hindu Business
3 years
Just In: Adani Group to acquire Maharashtra Border Check Post Network Ltd (MBCPNL)., portfolio of 24 border check posts from Sadbhav Infrastructure at an Enterprise Value of ₹1,680 crore. | reports @LangaMahesh
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@thehindubiz
The Hindu Business
4 years
Barely a decade after its entry, Harley-Davidson Inc. is looking to wind down its assembly operations in the country as a result of weak sales and a lack of visibility for future demand, industry executives said
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@thehindubiz
The Hindu Business
4 years
Just in | Drugmaker Glenmark says it has received approval from Drug Controller General of India (DCGI) to conduct clinical trials in India on Favipiravir antiviral tablets for COVID-19 patients -via @reporterravi
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@thehindubiz
The Hindu Business
4 years
Just In | Silver Lake to invest ₹5,655.75 cr to buy 1.15 pc stake in Jio Platform: Statement. -PTI
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@thehindubiz
The Hindu Business
6 years
#JustIn : Industrial production growth slips to 0.5 pc in November as compared to 8.5 pc in year-ago month: Govt data.
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@thehindubiz
The Hindu Business
5 years
Just in | India's GDP growth for March quarter is at 5.8%. The growth falls below China's 6.4% for the first time in seven quarters, reports Reuters.
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@thehindubiz
The Hindu Business
4 years
“Tough reforms are very difficult in the Indian context, we have too much of democracy,” Amitabh Kant said.
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@thehindubiz
The Hindu Business
4 years
Zomato’s revenue doubled to $394 million in 2019-20 from $192 million in the previous year
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@thehindubiz
The Hindu Business
8 years
‘60% dip in sales of Chinese goods this Diwali’ -
Tweet media one
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@thehindubiz
The Hindu Business
4 years
“In the next three years, Jio will connect half a billion mobile customers, a billion smart sensors and 50 million home and business establishments,” #MukeshAmbani said
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@thehindubiz
The Hindu Business
2 years
Union Finance Minister #NirmalaSitharaman replied to the debate on price rise in the #LokSabha . She said, “It is important for us to appreciate as Indians that our people have dealt with the pandemic and its waves.” | @tragicosmicomic reports
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@thehindubiz
The Hindu Business
4 years
Andhra Pradesh has retained the top position in the ranking of states and union territories (UTs) based on the implementation of the business reform action plan
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@thehindubiz
The Hindu Business
5 years
Indian rupee opens on a cautious note, falls 30 paise to 71.27 against the US dollar in early trade on Friday after Moody’s changed its India rating outlook to negative citing lower economic growth #rupee #Moodys
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@thehindubiz
The Hindu Business
2 years
#India ’s retail #inflation resurged to 7% in August, from a five-month low of 6.71% in July, led by a pick-up in food price rise faced by consumers to 7.62% from 6.73% in the previous month.
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@thehindubiz
The Hindu Business
4 years
#BudgetWithTheHindu | Join us for live updates, highlights and analysis on the #Budget2021 tomorrow
Tweet media one
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@thehindubiz
The Hindu Business
5 years
The price rise in the food basket was recorded at 5.11% in September, as against 2.99% in the preceding month, data from the Ministry of Statistics and Programme Implementation (MoSPI) showed. #inflation #Economy
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@thehindubiz
The Hindu Business
4 years
Just in | #MarutiSuzuki 's Manesar plant granted permission by the district administration to resume operations. It can operate with 4696 persons, 50 vehicles and in single shift. - @berwaltweets reports #COVID19
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@thehindubiz
The Hindu Business
4 years
Just in | The gross #GST revenue collected in the month of October, 2020 is ₹ 1,05,155 crore, 10% higher than a year ago. September had seen GST revenue of Rs 95,480 crore. - @tragicosmicomic reports.
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@thehindubiz
The Hindu Business
5 years
Just in | #MarutiSuzuki India Limited has decided to shut down the passenger vehicle manufacturing operations of Gurugram Plant and Manesar Plant in Haryana on September 7 and 9, 2019. Both days will be observed as no production days. - @berwaltweets reports
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@thehindubiz
The Hindu Business
4 years
After raising billions of dollars from the likes of Facebook and Intel for its digital business, billionaire Mukesh Ambani’s Reliance Industries launched JioMeet
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@thehindubiz
The Hindu Business
5 years
Just in | #LPG price hiked by ₹144.5 per cylinder. - PTI
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@thehindubiz
The Hindu Business
3 years
#Automobile retail sales in the country fell 18% year-on-year in the 42-day long #festive period this year as semiconductor shortage impacted production across companies affecting their ability to supply adequate numbers to dealer partners, FADA said.
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@thehindubiz
The Hindu Business
3 years
Benchmark indices #Sensex and #Nifty surged higher in the opening trade on March 14, helped by heavy buying in IT counters amid a mixed trend in Asian markets.
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@thehindubiz
The Hindu Business
3 years
Just in: India's #GDP grew by 8.4% in the second quarter of 2021-22, compared to a 7.4% contraction a year ago, while Gross-Value Added (GVA) in the economy recorded an 8.5% growth, the National Statistical Office said. | reports @tragicosmicomic
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@thehindubiz
The Hindu Business
3 years
Largest software exporter #TCS will be hiring more than 40,000 freshers from campuses in the country in the financial year 2021-22, a top executive said
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@thehindubiz
The Hindu Business
5 years
Just in | #GST revenue in November came in at Rs 1,03,492 crore, crossing the Rs 1 lakh crore mark once again after having dipped below it for three successive months. Average collections in financial year 2019-20 so far stand at Rs 1,00,646 crore. - @SharadRaghavan reports
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@thehindubiz
The Hindu Business
4 years
Just in: The #BSE benchmark #Sensex zoomed over 1,700 points and the #NSE Nifty reclaimed the 14,000-level driven by gains in financial stocks after Finance Minister Nirmala Sitharaman presented the Union Budget, which anlaysts believe is a "growth-oriented" effort. - PTI
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@thehindubiz
The Hindu Business
6 years
BREAKING: #Rupee hits historic low of 70.96 against US #dollar , falls 22 paise in morning trade. (PTI)
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@thehindubiz
The Hindu Business
5 years
Just in | #GST revenues slid to a six-month low of Rs. 98,202 crore in August 2019. Average collections this financial year are still above Rs. 1.02 lakh crore, however. - reports @SharadRaghavan
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@thehindubiz
The Hindu Business
7 years
OYO has witnessed seven times revenue growth at ₹125 crore in FY17 compared to ₹17 crore during 2015-16.
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@thehindubiz
The Hindu Business
4 years
Just In | #Facebook ’s India head of public policy Ankhi Das quits, says company.
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@thehindubiz
The Hindu Business
3 years
Just in | #Sensex advances 61.09 pts to 52,336.66 in opening session; #Nifty inches 16.85 pts higher to 15,756.95. - PTI
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@thehindubiz
The Hindu Business
4 years
#Reliance Retail Ventures Ltd., has announced the #acquisition of the retail and wholesale, and logistics and warehousing businesses of the #FutureGroup , on a slump sale basis, for a lump sum of ₹24,713 crore
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@thehindubiz
The Hindu Business
4 years
Intel Capital, the investment arm of Intel, has agreed to invest ₹1,894.50 crore in #JioPlatforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore
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@thehindubiz
The Hindu Business
2 years
The #rupee depreciated 16 paise to an all-time low of 82.33 against the U.S. #dollar in early trade on October 7, 2022 as a firm American currency and risk-averse sentiment among investors weighed on the local unit. #RupeeVsDollar
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@thehindubiz
The Hindu Business
4 years
#US private equity firm KKR & Co Inc will invest 55.50 billion rupees in #Reliance Industries Ltd's retail arm, giving the unit a pre-money valuation of 4.21 trillion rupees, the Indian conglomerate said
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@thehindubiz
The Hindu Business
4 years
The #Australian government has appointed former cricketer Matthew Hayden and Indian-origin politician Lisa Singh as trade envoys for advancing #business ties with #India
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@thehindubiz
The Hindu Business
4 years
Union Minister Prakash Javadekar hinted at the possibility of GST rate cut for vehicles and hoped that the automotive industry will soon get some “good news”
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@thehindubiz
The Hindu Business
3 years
Just in: Muhurat trading: #Sensex climbs 295.70 points to close at 60,067.62; #Nifty tops 17,900 - PTI
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@thehindubiz
The Hindu Business
5 years
#IndianBank will start working on system under which customers can withdraw cash without using a debit card, according to a top official
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@thehindubiz
The Hindu Business
4 years
Just in: #Sensex jumps 230.69 pts to cross 50,000-mark for first time; #Nifty surges 72.95 pts to record 14,717.65. - PTI
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@thehindubiz
The Hindu Business
2 years
India's 2nd-largest software services firm #Infosys posted a 3.2% year-on-year rise in consolidated net profit to ₹5,360 crores for the April-June quarter.
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@thehindubiz
The Hindu Business
5 years
The #rupee opened at 73.90 against the dollar as compared to previous close of 73.31 a dollar
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@thehindubiz
The Hindu Business
3 years
#Reliance Industries Chairman and Managing Director #MukeshAmbani pitched for making roll out of #5G services a national priority, while also calling for policy measures to ensure affordability of devices along with #telecom services.
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@thehindubiz
The Hindu Business
5 years
At the interbank foreign exchange, the #rupee opened strong at 70.75, showing a gain of 15 paise over its previous closing
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@thehindubiz
The Hindu Business
4 years
Just In | #MukeshAmbani led Reliance Industries Limited's $5.7 billion deal with Facebook has got the approval of competition watchdog the Competition Commission of India even as the company is working to close its $15 billion deal with world's largest oil firm Saudi #Aramco
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@thehindubiz
The Hindu Business
3 years
Tea imports jumped 139% in January-March this year compared with a year earlier, according to the United Planters Association of Southern India, which said that the trend was a matter of concern.
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@thehindubiz
The Hindu Business
2 years
International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in #India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost.
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@thehindubiz
The Hindu Business
5 years
Private sector lenders #AxisBank has set aside ₹100 crore to support customers, employees, vendors, government agencies and the community at large towards curbing the spread of #COVID ー19, the bank said in a statement
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