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Business

Lockdown Led to Subdued Economic Activity But Saved India From Lot of Agony: SBI chairman

Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.
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Business

EPFO Allows Firms to File PF Returns Without Simultaneous Payment of Dues

The PF returns have details about employees’ and employers’ contributions towards the social security scheme run by the Employees’ Provident Fund Organisation (EPFO).
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Business

JustDial Board Gives Nod to Rs 220 Crore Buyback Proposal at Rs 700 Per Share

In its filing with the Bombay Stock Exchange (BSE), the company said that the board of directors of JustDial has given its nod to a buyback proposal worth maximum Rs 220 crore.
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Business

Coronavirus Crisis: With Rock-bottom Prices, Will The Oil Industry Recover?

The Energy Information Administration expects jet fuel use to fall 34% in the second quarter. In addition, the agency expects gasoline use to drop by 25% from April to June.
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Business

Partial Relief for Vodafone Idea as SC Asks Income Tax Department to Refund Rs 733 Crore

Vodafone Idea, formerly known as Vodafone Mobile Services Ltd, had however sought Rs 4,759.07 crore in tax refund from for AYs – 2014-15, 2015-16, 2016-17 and 2017-18.
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Business

WTO Members Eliminate Duties on Over 84% of Medical Products for 2020 under Various Agreements

India is a member of the WTO since 1995. There are a total of 164 members of this organisation, which deals with global trade-related issues.
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Business

Axis Bank Reports Surprise Rs 13.88 Billion Loss Due to Covid-19 Pandemic

The Mumbai-based Axis booked provisions of 77.30 billion rupees for the quarter, or nearly three times higher than last year, including 30 billion rupees towards COVID-19, the lender said in a regulatory filing.
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RBI Receives Rs 64,746 Crore Bids in Purchase Auction of Special Open Market Operation

The RBI last week had announced simultaneous purchase as well as sale of government securities under open market operations (OMO) for Rs 10,000 crore each.
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Business

RBI Mutual Fund Liquidity Window to Improve Investor Confidence, Calm Down Corporate Debt Market: Experts

The RBI’s decision comes days after Franklin Templeton Mutual Fund decided to close six debt schemes with assets under management of more than Rs 25,000 crore.
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Business

Ambani tests his ambition by delivering grocery in a lockdown

Ambani tests his ambition by delivering grocery in a lockdown​​ JioMart, an e-commerce venture of Reliance Retail, is taking grocery orders on WhatsApp.