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Tamil Nadu looks at $ 100 billion exports by 2030, signing MoUs worth Rs 2,120.54 crore

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The Tamil Nadu government on Wednesday signed a Memorandum of Understanding for 24 projects costing Rs 2,120.54 crore, and Prime Minister K Stalin said the government’s intention was to increase government exports to USD 100 billion by 2030. The state office of the Micro Small and Medium Enterprises Trade and Investment Promotion Bureau (M-TIPB) has …

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IDFC shareholders reject Vinod Rai’s re-election to the Board

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IDFC shareholders have rejected Vinod Rai’s re-appointment to the Board as a Non-Executive Director, according to details shared on the September 22 stock exchange after the company’s 24th annual general meeting. As a result of the vote, 62.3 percent of shareholders voted against the decision and 37.7 percent voted in favor of it. Rai is …

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Amazon India receives more than Rs 8,500 crore as legal costs; confirms an investigation into allegations of bribery

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All Amazon – based companies in India have combined to spend Rs 8,546 crore as legal fees for the 2018-19 and 2019-20 financial years. This is about five or 20 percent of the two-year revenue of Rs 42,085 crore, according to data from public accounting by an Indian company. “While India is at the forefront …

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The impact of the second wave will not be as bad as last year: HUL CMD Sanjeev Mehta

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Packaged consumer goods maker Hindustan Unilever Limited (HUL) said the second wave of COVID-19 pandemic would not harm the company and the overall FMCG market as it was a year ago thanks to rural growth rates and better preparedness. Share of companies. “HUL’s Chairman and Managing Director Sanjeev Mehta said in a press conference after …

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Reliance shares are trading in the red even after major announcements at 44th AGM

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Reliance shares fell 2.5 percent and were the biggest drag to the Nifty 50, according to a morning report of Reuters. Shares of Reliance Industries Limited (RIL) traded in the red on Friday, a day after the nation’s largest company by market capitalization held its 44th annual general meeting. The stock is trading at 2,108.10, …

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Investors’ banks are lagging behind, overworked by IPO frustration

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As India’s first public service (IPO) project rises with the introduction of more technology to the public, investment banks are paying more. The recent listing of the first Indian food delivery Zomato to be listed on the stock exchange has cost banks Rs 2.4 billion, according to data compiled by Bloomberg. “The balance of life …

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CCI ordered probe against alleged unfair practices against Tata Motors

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The Competition Commission has ordered a detailed inquiry against Tata Motors for misuse of the lead position in relation to dealership agreements. The order came on two complaints filed against Tata Motors, Tata Capital Financial Services Limited and Tata Motors Finance Limited (opposite party). The Competition Commission of India (CCI) observed that the complainants are …

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Axis Bank received Rs 3,004 crore under loan repurchase requests under the COVID framework, which so far stood at Rs 623 crore

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Private lender Axis Bank has received Rs 3,004 crore for loan repurchase requests under the COVID resolution framework, of which Rs 623 crore has so far been in force, a conference call after the top management announced Q4 financial results on April 27 I said Out of the Rs 3,004 crore requests received, the debt …

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GST Council will discuss managing food delivery programs such as restaurants, taxing 5%

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The powerful GST council is likely to discuss on Friday a proposal to treat food delivery programs like Zomato and Swiggy as restaurants and to charge 5% of GST for their services, the official said. The proposal to make the delivery platforms obligatory to pay the goods and services (GST) for restaurant services provided by …

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