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Business

Netherlands Puts KLM Bailout On Hold After Pilots Reject Wage Freeze

The Dutch government on Saturday put on hold its plan to bail out KLM, the Dutch arm of Air FranceKLM, after pilots rejected a wagefreeze until 2025, Finance Minister Wopke Hoekstra said.
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Business

ICICI Bank Quarter 2 Net Profit Rises Over 6-folds to Rs 4,251 Crore

The bank had posted a net profit of Rs 655 crore during the same period of the previous fiscal year.</p>
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Business

Disney World To Lay Off 11,000 Amid Pandemic

Orlando (US) (AP) Walt Disney World says it plans to lay off more than 11,000 unionized workers because of the new coronavirus, bringing the total number of pandemic-related job casualties at the Florida resort to almost 18,000 positions. Disney World said in a letter to state and local leaders Thursday that the 11,350 union workers mostly part-timers will be laid off at the end of the year. Company officials previously had said that another 6,400 nonunion Disney employees in Florida would lose their jobs..
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Sensex Ends 136 Pts Lower, Nifty Slips Below 11,650; Reliance Gains Ahead of Earnings

After gyrating 746 points during the day, the 30-share BSE index ended 135.78 points or 0.34 per cent lower at 39,614.07.
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Business

Twitter Beats Revenue Expectations But Misses On User Growth

Twitter Inc on Thursday widely beat analyst expectations for quarterly revenue as ad sales rose with the return of sports and other events, but it added fewer users than Wall Street had expected.
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Business

Sensex Sheds 173 Points Amid F&O Expiry, Nifty Slips Below 11,700

The 30-share BSE Sensex ended 172.61 points or 0.43 per cent lower at 39,749.85. The broader NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
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Business

Visa 4Q Profits Plunge As Pandemic Slows Payments Worldwide

Visa Inc. said Wednesday that its fiscal fourth quarter profits dropped 29% due to fewer dollars crossing on its namesake payment network while the world was in the grips of a pandemiccaused recession.
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Business

Interest Waiver Scheme: Loan Outstanding as of February 29 to be Reference for Ex Gratia Relief

The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5, as decided by the government.
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Business

Cloud Growth Helps Microsoft Beat Wall Street Expectations

Microsoft reported quarterly earnings Tuesday that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased demand for its flagship software and services.
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Business

Pfizer Not Yet Ready To Release COVID-19 Vaccine Data

Drugmaker Pfizer Inc said on Tuesday it was not yet ready to release data from the latestage trial of the COVID19 vaccine candidate it is developing with Germany’s BioNTech SE.