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India
Sensex extends losses, down 176 pts in late morning trade
Mumbai, Apr 7 () The benchmark BSE Sensex extended losses in the late morning deals and was trading lower by 176 points following sustained selling in consumer durables, banking, IT, auto, FMCG, teck and telecom sectors. Sensex resumed higher at 24,998.79 and moved in a range of 25,013.
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India
Karnataka ban on plastic use stumps quick service restaurants
The state’s ban on serving and packing fresh food in plastic containers, effective April 1, means popular eating out and coffee chains including Café Coffee Day, McDonald’s and KFC have to change their packaging strategy overnight.
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Cina India
NITI Aayog moots tax breaks for electronics manufacturing
In a new policy paper on electronics manufacturing, NITI Aayog has suggested that with a policy shift, India is poised to make a dent in the global market with high input costs in China but warns that this is ‘perhaps India’s last such opportunity’.
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India USA
Rupee gains 14 paise against USD in early trade
The rupee strengthened by 14 paise to 66.52 against the US dollar in early trade on fresh selling of the American currency by exporters. Besides, the dollar's weakness against some currencies overseas supported the rupee, dealers said.
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India
Sensex down 92 points in early trade on Asian cues
The benchmark BSE Sensex fell over 92 points and the NSE Nifty dipped below the 7,600-mark in early trade on selling in auto, FMCG, banking, capital goods and consumer durables stocks. NSE Nifty broke below the 7,600-mark by falling 22.55 points or 0.30 per cent to 7,591.80.
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India
Tata drives in Tiago mini for Rs 3.2 lakh
Tata Motors drove in 'Tiago' hatchback with an aggressive entry price of Rs 3.2 lakh (ex-showroom Delhi) as it looks to turn around its sales performance. Tiago will compete with models such as Hyundai i10, Maruti WagonR and Ford Figo.
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India
'Indian cos comply with corporate, securities laws'
Of these, only 128 companies (or 28%) had qualified secretarial audit reports, according to a report brought out by CimplyFive, a research and tech-solution company operating in the corporate laws space.
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India Regno Unito
Tata Steel's UK unit sale process begins on Monday
Tata Steel will begin the formal process to sell its UK units by Monday (April 11), British business minister Sajid Javid tweeted after a two-hour meeting with the company's chairman Cyrus Mistry at Bombay House, the Tata Group's headquarters, on Wednesday.
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India
Soon bank account will be enough to invest in stocks
If the finance ministry agrees with markets regulator Sebi, soon anyone with a bank account will be able to invest in stocks, mutual funds and commodities without going for a fresh round of Know Your Customer (KYC) compliance process.
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India
Banks reject Mallya’s Rs 4,000 crore offer, say there’s no value in it
A consortium of 17 banks, led by State Bank of India, has rejected a proposal given by beleaguered liquor baron Vijay Mallya and his firms to pay back Rs 4,000 crore by September 30, saying that there is “no value in the offer” and is likely to plead the Supreme ...