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Sensex nosedives 788 points

Mumbai: The BSE benchmark Sensex crashed by nearly 788 points and the NSE Nifty tumbled around 234 points on Monday as heightened tensions in the Middle East kept investors on edge. The 30-share BSE index ended at 40,676.63, dropping of 787.98 points, or 1.90 per cent. Similarly, the broader Nifty closed at 11,993.05, falling by 233.60 points, or 1.91 per …

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BIZ SCAN

Tata Capital Housing Finance public issue of NCDs Tranche 1 opens today MUMBAI: Tata Capital Housing Finance Limited (TCHFL), one of India’s leading non-deposit taking housing finance companies registered with the National Housing Bank (“NHB”) and a wholly-owned subsidiary of Tata Capital Limited (“TCL”), proposes to open on January 7, 2020, a Public Issue of Secured, Redeemable, Non-Convertible Debentures of Face …

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Gold prices hit lifetime high of Rs 41,730 per 10 gram

New Delhi: Gold prices in the national capital hit an all-time high level on Monday and zoomed Rs 720 to Rs 41,730 per 10 gram following a pick-up in safe-haven demand for the metal amid weak equities and bullish global trends, according to HDFC Securities. Silver also witnessed increased buying as it surged Rs 1,105 to Rs 49,430 per kg. …

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CBI books 51 entities for transferring `1,038 cr black money to HK

New Delhi: The CBI has booked 51 entities for allegedly remitting Rs 1,038 crore of black money to Hong Kong during 2014-15, officials said on Monday. It is alleged that 51 entities, mostly owned by Chennai residents, remitted Rs 1,038 crore unaccounted black money to Hong Kong in connivance with unidentified officials of three state-owned banks — Bank of India, …

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Inflation, CAD under US-Iran tensions ahead of Budget

IANS New Delhi It is bad news for North Block ahead of the Budget as the spiral effect of the killing of Iran’s top general by the US will be echoed in India’s Finance Ministry and central bank at a time when the economy is struggling to come out of a slowdown and to push consumption and demand from inertia …

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More large firms to opt for coworking spaces in 2020

Aus navy evacuates tourists, residents from fire-ravaged town IANS New Delhi In 2020, more large companies will opt for flexible coworking spaces for their short-term expansion plans, says a study that revealed that this segment is no longer driven solely by start-ups, millennials and small and medium-sized enterprises. While tech-giant Google has already leased office space with coworking operator Simpli Work in …

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TRAI issues consultation paper on net neutrality

​ IANS New Delhi The Telecom Regulatory Authority of India (TRAI) on Thursday issued a consultation paper on issues related to traffic management practices and the multi-stakeholder body for ‘net neutrality’. In a statement, the regulator said that the paper discusses the various challenges in measurement of internet traffic and compilation of reasonable traffic management practices (TMP). It has invited comments on the …

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Indian economy benefited from favourable external environment in 2019: DBS

PTI Singapore The Indian economy benefited from “favourable external environment” in 2019, following which portfolio inflows into equity and debt touched a multi-year high, and if this momentum is sustained it will bode well for the country’s external balance, a report said on Friday. According to Singapore’s DBS Banking Group, notwithstanding a challenging trade outlook, conducive global drivers, such as …

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IndoSpace launches 3 industrial, logistics parks

PTI Mumbai Everstone-backed IndoSpace on Thursday launched three industrial and logistics parks in Gujarat, Andhra Pradesh and Haryana.  With this, the company has added nearly 120 acres of space, which will boost IndoSpace to grow its footprint across significant regions and achieve its long-term goal of 120 million sqft of modern logistics infrastructure across the country.  IndoSpace has a portfolio of …

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