business news

Wall Street shakes inflation and closes over

U.S. stocks soared Friday as investors completed a higher-than-expected inflation reading, as the Dow and S&P 500 indicators took their first profit weekly over the past three weeks. Consumer prices, as measured by consumer price index (PCE) excluding food and energy items, rose 0.7% in April, adding analysts’ rate of 0.6% and up 0.4% in …

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Pharmeasy to buy Thyrocare for Rs 4546 crore!

Pharmeasy- MUMBAI: Digital healthcare company PharmEasy on Friday announced the acquisition of Thyrocare Technologies, a company that operates a well-known diagnostic chain, in a deal worth more than Rs.6,300 crore . The deal also includes the purchase of a majority stake in A Velumani, the 62-year-old founder of Thyrocare. According to a company statement, API …

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Bangladesh restarts flights to India from October 28 under ‘air bubble’ arrangements

Bangladesh is expected to restart its flights to India from October 28 under a ‘air bubble’ program, after nearly eight months of communication being suspended due to a coronavirus epidemic, according to media reports on Saturday. Under the bubble air bubble agreement, both countries’ flights can use international flights at certain limits. Since July, India …

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Tata Steel made a profit of Rs 6,644 crore for Q4; Revenue, operating income beat estimates

On May 5, Tata Steel posted consolidated profit of Rs 6,644.1 crore for the quarter ended March 2021, which was in line with analysts’ expectations and operating performance. The company reported a loss of Rs 1,481.3 crore in the year-ago quarter. However, analysts’ expectations were missed due to higher tax rates and lower other incomes. …

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MFIs want emergency credit line, partial credit guarantee scheme from RBI to fight second wave of COVID-19

Sa-Dhan, one of Microlenders’ largest industrial corporations, has written to the Reserve Bank of India (RBI) seeking an emergency credit line to address the challenges posed by the second wave of COVID-19. Microfinance Institutions (MFIs) are companies that lend money to small lenders by 22-24 percent and mainly get money from banks to do business. …

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This week in first aid: startups witnessing Seed and Series A deal

After a few weeks full of multi-billion dollar power for startups, funding has been received this week. While there was activity in the early stages, there were not many deals taking place in previous stages, according to data shared by Trackxn retailers of deals.First of all, India’s online teaching platform Teach Mint has raised $ …

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Jet Airways stock: Jet Airways ready to take off: Rocket became stock after hearing the news, the stock crossed ₹118

Jet Airways stock: Jet Airways ready to take off: Rocket became stock after hearing the news, the stock crossed ₹118

Jet Airways stock: Very soon Jet Airways flight is going to take off. Prior to this, there is a tremendous rise in the shares of Jet Airways. The company’s stock today hit the upper circuit on Monday. The company’s shares closed at Rs 118.95, up 5% on the BSE. Actually, Jet Airways has got permission to fly and now the …

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Ministry of Finance rejects reports of Rs 20,700 Cr worth of black money held by Indians in Swiss banks

New Delhi: Refuting media reports of alleged black money held by Indians in Switzerland, the government said on Saturday that Swiss authorities had been asked to provide relevant facts as well as their views on possible reasons for the ‘increase/decrease in deposits. Pointing out that some reports appeared in the media on June 18 indicating …

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