Tuesday , 18 February 2020
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Impact of technology the most in financial services industry, says Sanjiv Bajaj

Panaji: While banking and insurance are the most regulated industries in the world, the two industries witnessed the maximum changes in recent years due to technology, said Sanjiv Bajaj, managing director and chief executive officer, Bajaj Finserve Ltd. Bajaj who is a fourth generation entrepreneur from one of the oldest Indian business families, said that banking and financial services sectors …

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LIC IPO will benefit retail investors: Sitharaman

Mumbai: Finance Minister Nirmala Sitharaman on Friday said the IPO of the state insurer LIC will bring retail investors into the picture and also assured that the government will come up with steps to simplify the tax regimes. “We are looking at an IPO for LIC which will bring retail investors in the picture”, she said. The LIC listing is …

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World food prices continue to climb in January: UN FAO

Rome: World food prices rose for the fourth consecutive month in January, as prices for oils and sugar continued to grow, according to the UN Food and Agriculture Organization (FAO). The overall index rose a modest 0.7 per cent in January compared to the previous month, putting the index at its highest level since 2015, Xinhua reported on Thursday. As …

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UK High Court to set terms in Chinese banks’ claim against Anil Ambani

London: The High Court of England and Wales here on Friday will set the terms for the “conditional order” of a payment into court it had granted to three Chinese banks last year against Reliance Communications boss Anil Ambani. The Industrial and Commercial Bank of China Ltd Mumbai Branch, on behalf of itself, China Development Bank and Exim Bank of …

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RBI raises 2020-21 GDP growth projection to 6%

Mumbai: The Reserve Bank of India (RBI) on Thursday raised its 2020-21 gross domestic product (GDP) growth projection to 6 per cent, separating it in the range of 5.5-6 per cent for the first half of the next fiscal and at 6.2 per cent for the third quarter (Q3) of 2020-21. Announcing its last bi-monthly policy review of the current fiscal, the …

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RBI announces major relief measures for real estate

New Delhi: The Reserve Bank of India’s monetary policy meet on Thursday offered major policy steps which would support the slowing real estate sector. To boost growth and lift sentiment, the RBI has eased cash reserve ratio (CRR) requirement of commercial banks for sectors with multiplier effect including the residential housing segment. The other sector which would benefit from the deicision …

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UNICA highlights importance of ethanol to check air pollution

New Delhi: The Brazilian Sugarcane Industry Association (UNICA) on Thursday announced the launch of #BringBackMyBlueSky campaign to highlight the benefits of ethanol in India. The campaign was unveiled at the Auto Expo 2020 in Greater Noida. As part of this launch, an engaging display screen has been setup that will allow visitors to click themselves with popular sites in India, …

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Hero Cycles unveils electric delivery bicycle

Greater Noida: A new food delivery solution, that has already caught the attention of fast food giants, was showcased on Thursday by Hero Cycles at the Auto Expo 2020 here in the form of an electric bicycle specifically designed keeping in view the needs of a delivery associate. The e-bicycle comes with a specially designed back carrier to help fit …

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Indian diaspora’s contribution to UK economy

PTI London Indian diaspora-owned companies in the UK with a combined revenue of 36.84 billion pounds employ over 174,000 people and pay over 1 billion pounds in Corporation Tax, according to a first-of-its-kind research. The ‘India in the UK: The Diaspora Effect’ report, released here on Tuesday, analysed data related to 654 Indian diaspora-owned companies in the UK with a …

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Tata Steel features among India’s Best Workplaces in Manufacturing 2020

IANS Mumbai Tata Steel has featured among India’s Best Workplaces in Manufacturing 2020 for creating a Great Place to Work for all the employees and building a high-trust, high-performance culture, imbibing aspects of credibility, respect, fairness, pride and camaraderie. The ‘Best Workplaces in Manufacturing 2020’ recognition is given by Great Place to Work, a global authority on building, sustaining and …

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