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Business

Bengal Chamber caught in a pickle over property tax

Bengal Chamber of Commerce — the country’s oldest representative body for business interests &mdas...

PM pitch for investment

Prime Minister Narendra Modi has rolled out a red carpet to foreign investors by reiterating his government&rs...
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Reliance Industries seals fuel retail deal with BP

Reliance Industries on Thursday finalised a deal with BP in fuel retail following which BP paid $1 billion to ...

TCS net dips 14% in Covid-hit first quarter

Tata Consultancy Services (TCS) on Thursday reported a sharp 13.8 per cent fall in net profit in the Covid-rav...

TCS net dips 14% in Q1

Tata Steel on Thursday said its consolidated sales fell 22.8 per cent to 5.28 million tonnes (mt) during the J...

Flipkart buys into Arvind Youth Brands

Flipkart, the Walmart owned online commerce player, is investing Rs 260 crore in Arvind Youth Brands, the subs...

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Business  /  Published 08.07.20

SBI reduces lending rate, effective from July 10

SBI on Wednesday said it has reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points. However, the reduction, which will be effective from July 10, will apply for shorter ten...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

Sensex snaps 5-day winning streak

Snapping its five-day rising streak, equity benchmark Sensex closed 346 points lower after a highly volatile session on Wednesday, dragged by losses in index heavyweights Reliance Industries, Infosys ...
By PTI in Mumbai

Business  /  Published 08.07.20

Honda: 2-wheeler launching spree

Kia Motors India has sold 50,000 activated connected cars in the country, including the Seltos and the Carnival. Kia achieved this in 10 months of its first product launch. Managing director and CEO K...
By Our Special Correspondent in Calcutta

Business  /  Published 08.07.20

Super-rich ranks to swell 37%

Among the Indian cities, Bangalore is expected to lead the UHNWI growth in India. According to the report, the city will see a growth of 40 per cent in UHNWI population, making it the first among the...
By The Telegraph in Calcutta

Business  /  Published 08.07.20

3-day strike halves Coal India output

Output at Coal India fell more than 50 per cent during the three-day strike from July 2 to July 4, based on data released by the PSU. The public sector miner in a statement said that despite the stri...
By A Staff Reporter in Calcutta

Business  /  Published 07.07.20

Case for 6% interest

Former ICICI Bank chairman K.V. Kamath has proposed interest rates should be as low as 6 per cent enabling banks to banks grow by lending. Bank interest rates at present hover around 7 per cent levels...
By Our Special Correspondent in Mumbai

Business  /  Published 07.07.20

Unacademy acquires Chandigarh-based startup for $50m

Online learning platform Unacademy on Tuesday said it has acquired Chandigarh-based startup PrepLadder for $50 million (around Rs 375 crore) in a cash and stock deal as it looks to expand its presence...
By A Staff Reporter in Calcutta

Business  /  Published 07.07.20

Amazon infuses Rs 2,310 crore into one of its India units

US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 2,310 crore into one of its India units, Amazon Seller Services, according to regulatory documents. Amazon Corporate Holdi...
By PTI in New Delhi

Business  /  Published 07.07.20

Paycheck Protection Program: US shares loan details

The Trump administration, under pressure to reveal which companies received loans from a $660 billion programme intended to keep small businesses afloat, on Monday released data showing that restauran...
By Jeanna Smialek, Jim Tankersley and Luke Broadwater in Washington

Business  /  Published 07.07.20

UltraTech Cement to sell China plant for $120m

UltraTech Cement on Tuesday announced that  its arm-Krishna Holdings Pte Ltd (Krishna) will sell its entire stake in Shandong Binani Rongan Cement Company Ltd for an enterprise value of $120 mill...
By Our Special Correspondent in Mumbai


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