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    Sugar Cosmetics clocks 30-40% more revenue in FY21 as compared to FY20, says its CEO Vineeta Singh to BrandSutra

    VINEETA SINGH, Co-founder & CEO, SUGAR Cosmetics, talks of building a business on the insight that most Indian women have no access to beauty products suitable for their skin type, and defines where she wants to see it five years from now Please take us through your journey - right from IIT Madras to Quetzal to launching Fab Bag...

    • 2 hrs ago
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    Be fearless, advises Rediffusion's Diwan Arun Nanda

    Legendary adman DIWAN ARUN NANDA talks of stepping back from the day-to-day management of Rediffusion, the agency he had co-founded with Ajit Balakrishnan 48 years ago, his new role going forward, and the one word of advice he has for new Managing Director, Sandeep GoyalOn Sunday, May 2, 2021, news broke that the founders of the advertising agency Rediffusion - Diwan Arun Nanda and Ajit...

    • 2 hrs ago
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    Govt allows hospitals, COVID-19 care centres to accept cash payments of over Rs 2 lakh

    The government on Friday allowed hospitals, dispensaries and COVID-19 care centres to accept cash payments in excess of Rs 2 lakh from patients or their kin till May 31. The Central Board of Direct Taxes (CBDT) issued a notification saying such entities would be required to obtain PAN or Aadhaar of the patient and the payee and also the relationship between...

    • 2 hrs ago
  • Business

    LIC relaxes claim settlement requirements; now life certificate procurement through video call process

    Keeping in mind safety of its customers amid the second wave of the COVID-19 pandemic, state-run Life Insurance Corporation of India (LIC) Friday announced a slew of relaxations in claim settlement requirements, making the process easier and hassle free.In order to facilitate speedy settlement of death claims in the current situation where...

    • 2 hrs ago
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    Carlyle Group sells 4% stake in SBI Life for Rs 3,900 crore

    Private equity firm Carlyle Group on Friday divested 4 per cent stake in SBI Life Insurance for over Rs 3,900 crore through an open market transaction.According to bulk deal data available with the BSE, Carlyle Group, through its entity CA Emerald Investment, sold 4.1 crore shares, amounting to 4 per cent stake, of SBI Life for Rs 3,936 crore. Results: SBI Life Q4 net profit nearly...

    • 2 hrs ago
  • Business

    Results: Kansai Nerolac Paints Q4 net rises 89% to Rs 123.62 crore

    Kansai Nerolac Paints Ltd on Friday reported an increase of 89.14 per cent in its consolidated net profit to Rs 123.62 crore for the fourth quarter ended March 2021.The company had posted a net profit of Rs 65.36 crore in the January-March quarter a year ago, Kansai Nerolac said in a BSE filing.Its total revenue from operations was up 35.14 per cent at Rs 1,459.57 crore during...

    • 3 hrs ago
  • Business

    China propels BMW to strong profits, Germany lags

    Booming sales in China helped propel German luxury carmaker BMW to stronger profits in the first three months of the year even as its home market Germany trailed the ongoing recovery in global car markets from the worst of the pandemic shutdowns.BMW said that its sales in China nearly doubled in the quarter to 230,120 vehicles, partly reflecting the shutdowns in early 2020 as China was hit first...

    • 3 hrs ago
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    Coal India's fuel allocation through spot e-auction rises 43% in FY21

    State-owned CIL allocated 42.51 million tonne of coal in 2020-21 under spot e-auction scheme, registering a year-on-year increase of 42.5 per cent.Coal India Ltd (CIL) had allocated 29.83 MT of the dry fuel in 2019-20, according to government data.Fuel allocation by CIL under the scheme also increased to 5.30 MT in March, from over 2.53 2 MT in the corresponding month of...

    • 3 hrs ago
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    InterGlobe Aviation to explore options to increase liquidity

    InterGlobe Aviation, parent of the country's largest airline IndiGo, plans to raise funds to increase its liquidity amid the aviation sector grappling with coronavirus pandemic woes.The board of the company, during its meeting held on Friday, deliberated the possibility of raising funds through the qualified institutional placement (QIP) route.

    • 3 hrs ago
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    Forex reserves surge by USD 3.91 bn to USD 588.02 billion

    The country's foreign exchange reserves swelled by USD 3.913 billion to reach USD 588.02 billion in the week ended April 30, 2021, RBI data showed on Friday.In the previous week ended April 23, the reserves had risen by USD 1.701 billion to USD 584.107 billion. The forex kitty had touched a lifetime high of USD 590.185 billion in the week ended January 29, 2021. In the reporting week...

    • 3 hrs ago

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