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    Reliance,bp's fuels & mobility JV 'Jio-bp' begins operations

    Mumbai : Mukesh Ambani controlled Reliance Industries and global energy major bp on Thursday announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). Following initial agreements in 2019, bp and RIL teams have worked closely over the past few months in a challenging environment to complete the transaction as planned. BP has paid RIL...

    • 12 hrs ago
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    TCS Q1 Net profit slips 14% to Rs.7008 Cr, Announces interim Dividend of Rs.5

    Mumbai: Tata Consultancy Services (TCS), India's largest software exporter on Thursday reported 13.8 per cent YoY drop in net profit to Rs.7008 crore in the first quarter. Its consolidated revenue remained flat at Rs.38322 Crore, while the revenue growth in constant currency terms has declined by 6.3 per cent YoY. The company board has announced interim Dividend...

    • 15 hrs ago
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    Lockdown impact : Odisha tax revenue slips 37% in Apr-June quarter, GST collection drops 34%

    \Bhubaneswar: The Coronavirus pandemic and lockdown have severely impacted Odisha's tax revenue in the first quarter of the current financial year. The state's tax revenue has declined by 37 per cent to Rs.2960 Crore as against Rs. 4708 Crore in the first quarter of 2019-20 financial year, according to the data released by the state...

    • 19 hrs ago
  • Companies

    Tata Steel Q1 Steel production drops by 33% to 2.99 MT

    Bhubaneswar: The nationwide lockdown and stoppage of economic activities have affected Tata Steel's domestic steel output and sales. The Indian Steel major has reported 33 per cent decline its India production at 2.99 million tonnes (MT) in the first quarter of FY 21 as compared to 4.50 MT in the Q1 of FY20. On sequential basis, the company's crude steel output has dropped by 36.7...

    • 23 hrs ago
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    Yes Bank's Rs.15000 Cr FPO to open on 15th July

    Mumbai: Private sector lender Yes Bank has filed a Red herring prospectus (RHP) with the registrar of companies, Maharashtra on 7th of July for a follow-on public offer (FPO) of equity shares of the face value of Rs.2 each. The shares of the bank added over 5 per cent in the early trade on July 9 on reports of fresh investments by SBI. Yesterday, the public sector banking giant had announced that...

    • 23 hrs ago
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    Cabinet clears Rs.12450 Cr capital infusion in 3 Public Sector General Insurance Companies, Rs.3475 Cr to be infused immediately

    New Delhi : The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday approved the capital infusion for an overall value of Rs.12,450 crore in three Public Sector General Insurance Companies (PSGICs) - Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United...

    • 2 days ago
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    SBI reduces MCLR by 5-10 bps in the shorter tenors

    Biznextindia : Country's largest lender State Bank of India (SBI) has reduced its Marginal Cost of Funds based Lending rates (MCLR ) by 5-10 basis points (bps) in the shorter tenors i.e. upto 3 months, with effect from 10th July 2020, to boost credit off-take and revive demand. This is 14th consecutive reduction in the Bank's MCLR. With this revision, SBI's MCLR upto 3 Months...

    • 2 days ago
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    Lupin voluntarily recalls Metformin Hydrochloride Tablets in USA due to detection of impurity

    Biznextindia : Pharmaceuticals major Lupin has announced to recall all batches of Diabetes drug Metformin Hydrochloride Extended-Release Tablets USP, 500mg and 1000mg to the consumer level. As part of the ongoing assessment and continuation of the dialogue with the FDA, additional analysis revealed that certain tested batches were above the Acceptable...

    • 2 days ago
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    Struggling with falling revenue, Odisha announces strict austerity measures, No govt hiring for next 2 years

    Bhubaneswar: Struggling with falling revenue due to the pandemic, the Odisha government on Tuesday announced austerity measures for all its departments and aided institutions, cooperatives and autonomous organizations. As per the measures, the state government has decided to freeze new appointments for the next 2 years. It has also banned...

    • 2 days ago
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    L&T Infrastructure Finance closes $ 100 million ECB from AIIB for Renewable Energy Finance, Receives first tranche of USD 50 million

    Biznextindia : L&T Infrastructure Finance Company Ltd. (LTIF), the wholly owned subsidiary of L&T Finance Holdings Ltd., has received the first tranche of $ 50 million of the total $ 100 million ECB loan from Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that invests in...

    • 3 days ago

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