Companies 'feel betrayed' due to capping of Covid vaccine price: Shaw

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1 crore more free LPG connections in 2 yrs: Oil Secretary

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All-new Tata Safari accessory package details out: Front parking sensors, wireless charger and more

If you are someone looking for more creature comforts from your new Tata Safari, then the Accomplished and Pro versions make more sense. More of an outdoorsy person, then skip everything and head over to the relevantly-named packages.

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Smart cars the next big thing: How features on Safari, City and more are making life easier

These cars are capable of over-the-air software updates, just like your smartphone. There are lakhs of such cars running on Indian roads already.

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Citroen La Maison showrooms launched in Delhi & Gurugram: C5 Aircross bookings to open on 1st March

The French automaker will make its brand’s commercial debut with the Citroen C5 Aircros. The first model will be assembled in India before the more localised volume products arrive later.

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Low gold prices spark flurry of activity in India

Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.

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IndiGo to operate 5,000-series flights from T1 in Mum

IndiGo will be operating flight numbers with subset series 6E 5500-6E 5900 to and from Terminal 1 (Vile Parle) at the Mumbai International Airport from March 10 as directed by Mumbai International Airport Limited (MIAL), said the airline in a press statement on Saturday.

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We must continue to trade with China: Bajaj Auto MD Rajiv Bajaj

Favouring continuation of trade with China, Bajaj Auto managing director Rajiv Bajaj on Saturday said goods should be procured from wherever they are most competitively available. He was speaking at a session on 'Building Reliable Supply Chain' at the second day of the three-day virtual Asia Economic Dialogue 2021, jointly convened by the ministry of external affairs and Pune International Centre.

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PM asks toy makers to use more eco-friendly material

Prime Minister Narendra Modi on Saturday exhorted toy manufacturers to use less plastic and more eco-friendly and recyclable material in a bid to increase the share of the domestic industry in the global market. Inaugurating the first India Toy Fair, the Prime Minister said, "We have to become Aatmanirbhar in the toy sector and also cater to the global market".

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Indian Oil plans $4.5bn Panipat refinery expansion

Indian Oil Corp will invest Rs 32,946 crore ($4.46 billion) to raise the capacity of its Panipat refinery by two-thirds to 500,000 barrels per day (bpd) by September 2024, the country’s top refiner said on Friday.

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Gadkari urges MSMEs to install rooftop solar

The minister for micro, small and medium enterprises (MSMEs) and road transport & highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption, which on an average, is up to one-fifth of their operations cost.

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FM highlights India's Covid response at G20 meet

Speaking at the virtual meeting of the G20 finance ministers and central bank governors, she said India's domestic policies have been based broadly on supporting citizens through measures such as credit guarantees, direct transfers, food guarantees, economic stimulus packages and accelerating structural reforms.

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Trading halt: NSE defends decision to stay with primary site

The country's largest stock bourse NSE on Friday said it stuck to the primary site for carrying out trading on Wednesday and did not switch to the disaster recovery site after a considered view while dealing with telecom connectivity issues which led to the nearly four-hour halt in trading earlier this week.

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Govt sets 50L users threshold for 'social media intermediary'

The government has fixed fifty lakh registered users as the threshold for defining 'significant social media intermediary', which will have to adhere to additional obligations and compliance under the new IT rules that seek to crack down on misuse of social media platforms.

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Maruti crosses 20 lakh cumulative exports mark

The country's largest carmaker Maruti Suzuki India (MSI) on Saturday said it has achieved the milestone of 20 lakh cumulative exports. The auto major achieved the milestone as a batch of products comprising S-Presso, Swift and Vitara Brezza left for South Africa from the Mundra Port in Gujarat.

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'US owes India $216bn as debt soars to $29tn'

The US, the world's largest economy, owes India $216 billion in loan as the country's debt grows to a record $29 trillion, an American lawmaker has said, cautioning the leadership against galloping foreign debt, the largest of which comes from China and Japan.

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Covid claims cross Rs 9,000 crore mark: Irdai

nsurance companies have settled claims worth Rs 9,078 crore arising out of the coronavirus pandemic, regulator Irdai’s chairman S C Khuntia said on Friday.

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Rupee sinks 105 paise, worst fall since March

The domestic currency crashed by over a rupee against the dollar on Friday to close at 73.47 — the biggest single-day fall since the post-pandemic crash on March 23, 2020. Bankers said that the rupee and government bonds fell in tandem with the selloff in equities and a surge in the dollar as global markets turned risk-averse.

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RBI extends due date for NPCI-rival NUE

The RBI has extended the deadline for submitting applications to set up a new umbrella entity (NUE) in the payments system that will rival the National Payments Corporation of India (NPCI). Earlier, interested parties were to submit their application by February 26, which has now been extended to March 31.

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Need same inflation target for 5 more years: RBI

The Reserve Bank of India has said that the current inflation target of 2-6% should continue for the next five years as consumers still have expectations of an elevated inflation. The central bank’s statement comes at a time when some commentators have said that it should be more tolerant of inflation in the wake of the economic crisis brought about by the pandemic.

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Zomato to shut office catering business

The Delhi NCR-headquartered food tech company had acquired Bengaluru-based online caterer and office canteen aggregator Tonguestun Food in 2018 for an estimated $18 million to foray into the space, which industry executives said is highly unorganised.

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Rising fuel cost pushes India Inc to hike prices

Rising fuel expenses are having a cascading effect on manufacturing costs across sectors, which is resulting in higher prices for the end consumer. On Thursday, RBI governor Shaktikanta Das also pointed out that rising fuel prices have a cost-push factor.

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Economy out of recession, 0.4% growth in October-December

Growth returned to the economy in the October-December quarter of 2020-21 helping it to move out of the recession that had gripped following one of the strictest Coviv-19 lockdowns imposed last year. The contraction in the June quarter was 24.4% while in the September quarter it was 7.3%. An economy is said to be in recession after posting two consecutive quarters of contraction.

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Q3 GDP growth at 0.4%: What experts said

India's economy expanded by 0.4 per cent year-on-year in the October-December quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday.

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Mukesh Ambani is again richest Asian person

India’s Mukesh Ambani is back to being the wealthiest person in Asia. Despite a brutal week for markets, his Reliance Industries Ltd was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit.

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India's Q3 GDP growth at 0.4% as against -7.5% in September quarter

India's gross domestic product (GDP) for the third quarter (Q3) ended December 2020 stood at o.4 per cent, government data released on Friday showed. "GDP at constant (2011-12) prices in Q3 of 2020-21 is estimated at Rs 36.22L cr, as against Rs 36.08L cr in Q3 of 2019-20, showing a growth of 0.4%t," data released by the ministry of statistics and programme implementation showed.

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Buying a BMW now easier: Zero down-payment, low interest rate on select cars/bikes till March 31

Few of the highlights of the BMW Joy Days campaign include up to 50 per cent off on accessories, no cost EMIs on BMW Cruise as well as M Cruise bikes, and nearly Rs 5 lakh worth benefits on purchase of a BMW car/bike.

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India’s first one-stop detail studio for luxury cars and super bikes launched in Bengaluru

It provides solutions to vehicles in different forms such as ceramic coating, under which a chemical polymer is applied to a vehicle's paint, protecting it from sun and abrasion damage

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Sensex crashes 1,939 points: Key reasons behind the plunge

Equity indices fell sharply on Friday as a spike in global bond yields stirred up inflation worries and spooked investors across the world. The benchmark BSE sensex nosedived 1,939 points or 3.80 per cent to close at 49,100; while the broader NSE Nifty tanked 568 points or 3.76 per cent to close at 14,529.

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Public sector should participate in banking, insurance: PM Modi

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'Twitter will make its practices more transparent'

Twitter has said that social media entities are facing a "significant trust deficit" and pledged to make its content moderation practices more transparent, giving people more control as it strives to be among the most open companies globally.

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Zomato pays out more for fuel costs

Online food delivery platform Zomato said it will compensate its 1.5 lakh delivery partners with additional pay to fill the drop in income due to rising fuel prices across the country.

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India likely to be Ikea’s top market for children’s range

India could become Ikea’s largest market for children’s products, including toys. While in most mature markets, the children’s range accounts for 6-8% of Ikea’s overall business, it could go up to 12% in India, said Kavitha Rao, country commercial manager at Ikea India.

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Xiaomi boosts India phone making capacity by 20%

Chinese electronics giant Xiaomi is expanding its India phone production capacity by 20% and is looking to make gains from the government’s production-linked incentive (PLI) scheme by sourcing devices from local contract manufacturers that may include companies such as Optiemus Infra and Dixon.

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HUL to be plastic waste-neutral this year

Hindustan Unilever (HUL) will achieve 100% plastic waste collection this calendar year. This means the FMCG giant will collect and process more plastic packaging waste than what it uses. In the process, HUL will become the first FMCG company of a large scale to achieve plastic waste neutrality.

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2021 Tata Safari deliveries begin in India: This Punjabi singer is the first proud owner!

The singer bought himself the 2021 Tata Safari top-end XZA+ automatic variant with panoramic sunroof and captain seats.

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MG rolls out 50,000th Hector in India: All-women crew makes it

End-to-end production of this MG Hector was undertaken by the crew. This included panel-pressing, paint job, welding and even the production tests.

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RBI guv urges Centre, states to cut fuel taxes

RBI governor Shaktikanta Das has again called upon the central and state governments to take coordinated action and cut down taxes on petrol and diesel as these are cost-push factors.

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Tiger funding gives Infra.Market $1bn valuation

Infra.Market, a business-to-business (B2B) commerce platform for construction materials, has become the latest entity to turn into a unicorn (valued at $1 billion or more).

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Michelin promises 100% sustainability by 2050: To make tyres out of recycled, biosourced materials

Michelin announced in February 2021 that it will launch the construction of its first tyre recycling plant in the world with Enviro, which has a patented tech to recover carbon black, pyrolysis oil, steel, gas & other materials.

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Sensex falls over 1,000 points in opening trade

Equity indices fell in opening trade on Friday with benchmark BSE sensex plunging over 900 points, as a spike in global bond yields sparked a sell-off in world equities. The 30-share BSE index dropped 905 points or 1.77 per cent to trade at 50,134; while the broader NSE Nifty was down 282 points or 1.87 per cent at 14,815.

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Wipro employees had a role in Citi's big blunder

Two Wipro employees had a role to play in what has been described as one of Citibank's biggest blunders. The case involves one where Citibank acted as an administrative agent for a term loan taken by Revlon, and where it was to wire approximately $7.8 million in interest payments to Revlon’s lenders.

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No check-in bag? Prepare to fly cheap on flights

Flying within the country without any check-in baggage could soon get much cheaper. Light fares offered by airlines for passengers with only cabin baggage, before the two-month domestic flight suspension last March, could be lower by a maximum of Rs 200 from the lowest level check-in baggage inclusive fares.

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After Rs 25 hike, LPG refill price up Rs 100 in Feb

Household cooking gas became costlier by Rs 25 on Thursday, marking the third increase this month, taking the total increase to Rs 100 per cylinder. The increase comes on a day benchmark Brent crude hit a 13-month high at $67.70 and global LPG (liquefied petroleum gas) has spiked on higher demand due to the recent cold wave that swept across the US and Europe.

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'Reveal ‘originator’ of unlawful msg in 72 hrs'

Social media and global internet giants such as Facebook, WhatsApp, Twitter, Instagram and YouTube will not be able to withhold information on the source of unlawful and inflammatory messaging beyond 72 hours when asked by investigating and cybersecurity agencies, and will need to be more mindful and prompt to the requests of their subscribers, particularly women, on the removal of objectionable content.

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FB signs pay deals with 3 Aus news publishers

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UK court orders extradition: What's next for Nirav Modi

A London court on Thursday ruled that fugitive diamond merchant Nirav Modi could be extradited to India in connection with the Punjab National Bank (PNB) scam case. Once extradited to India, Nirav Modi will face charges of fraud, money laundering, alleged intimidation of witnesses and disappearance of evidence.

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INS asks Google to raise share in ad revenue

Indian Newspaper Society (INS), which represents print media houses, on Thursday asked Google to increase the publisher share of advertising revenue to 85 per cent.

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Cheque bounce: SC asks Centre if it can set up add'l courts

In order to reduce pendency of cheque bounce cases which have reached 35 lakh across courts, the Supreme Court on Thursday asked the Centre whether it can create additional courts for expeditious disposal of such matters.

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Budget marks directional change for economy: FM

Union finance minister Nirmala Sitharaman on Thursday said this year's budget has negated the notion that welfare state is a socialist prerogative, and added that it has given a directional change to the Indian economy, wherein the government trusts wealth creators and citizens.

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From flashy diamantaire to fugitive: Nirav Modi's long road to extradition

Nirav Modi's story up until the UK court verdict on Thursday, just two days before his 50th birthday, is one of stark contrasts. From someone flush with diamonds, quite literally, as a member of a Gujarati family of gem traders who grew up in the European jewellery hub of Antwerp in Belgium, to ending up holed up in a jail cell in one Europe's most overcrowded prisons.

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'Code of ethics' for digital media, publishers, OTT

The government on Thursday said a 'code of ethics' and three-tier grievance redressal mechanism would be applicable for news publishers, over-the-top (OTT) platforms and digital media.

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LPG rate hiked by Rs 25 per cylinder

Cooking gas LPG price on Thursday was hiked by Rs 25 per cylinder across all categories, including subsidised fuel and those availed by Ujjwala scheme beneficiaries.

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Government guidelines on social media regulation: Key points

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India at cusp of turnaround in fortunes: RBI guv

Reserve Bank of India governor Shaktikanta Das on Thursday said that India is at the cusp of turnaround in fortunes with sectors recovering from Covid-induced slowdowns. Highlighting that India now supplies more than half of the global demand for vaccines, the RBI governor emphasised that corporate sector needs to invest more in healthcare to create skill and scale.​​

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Beating Covid blues, number of Indian billionaires increases

Number of High Net Worth Individuals (HNWI), having wealth of over $1 million, and Ultra High Net Worth Individuals (UHNWI), with wealth of more than $30 million, declined by 8% and 2% to 3.5 lakh and 6,884 respectively in 2020 due to Covid-19.

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Sensex rises over 500 points in opening trade; Nifty above 15,000

Equity indices jumped in opening trade on Monday with benchmark BSE sensex rising over 500 points amid positive global cues.The 30-share BSE index was up 535 points or 1.05 per cent at 51,316; while the broader NSE Nifty trading 159 points or 1.06 per cent higher at 15,140.

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GameStop rallies again; some puzzle over tweet

GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after a fierce rally and steep dive that upended Wall Street in January.

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