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SBI opens a rental account with Bachchans

Updated at : 2021-10-09 09:20:02

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The state-owned bank has entered into an agreement with the Bollywood star and his son Abhishek Bachchan to lease 3,150 sq ft in a building close to the family residence, Jalsa, in Juhu.

RBI may soften penalties for ATM cash outage

Updated at : 2021-10-09 09:20:02

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The Reserve Bank of India on Friday said that it was reviewing its recent scheme on ATM replenishment whereby the regulator put in place mechanisms to penalise lenders. The central bank deputy governor T Rabi Shankar said that they had received inputs from banks and were in the process of reviewing it.

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CarDekho is in advanced talks to raise $100-150 million in a funding round led by Hong Kong-based insurance giant AIA Group and South Korea’s Mirae Asset Group at a post-money valuation of $1.2-1.4 billion.

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In another transaction, Pinewood Strategy’s India Opportunities Growth Fund bought 410,000 shares of Consolidated Finvest & Holdings at Rs. 171.2 per share through a bulk deal on the NSE.

Getalong Enterprise lists shares on BSE SME platform

Updated at : 2021-10-09 00:20:01

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Getalong Enterprise had come out with an initial public offering of 7.5 lakh equity shares of Rs 10 Each for cash at a price of Rs 69 per equity share, aggregating to Rs 5.18 crore, the release noted.

This week, Nifty50 rose 2 per cent aided by buying from domestic institutional and retail investors even as flows from foreign investors remained patchy.

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“We saw very good deal wins this quarter in the crypto space,” N. Ganapathy Subramaniam, chief operating officer at TCS said in a post-earnings press conference.

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The country’s largest IT services company saw its consolidated net profit expand 6.8 per cent sequentially to Rs 9,624 crore in the September quarter even as revenues grew at a healthy tick of 3.2 per cent.

The government announced the framework for the implementation of Market-based Economic Despatch – Phase 1, a new set of reforms that will nudge the power sector away from power purchase agreements towards market-based price formation.

What takeover by Tatas will mean for Air India

Updated at : 2021-10-08 20:20:01

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“The positive upswing for Air India is that we will see Air India first take back whatever it has lost over the last 40 to 50 years -- the routes in Africa, taking full advantage of bilateral, taking full advantage of flights and routes over Southeast Asia, Australia, the Pacific and Latin America. ”

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