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This would enable exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange
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According to Vijayakumar, Investment Strategist at Geojit, Tata Motors' decision to cancel DVR shares and the good results of L&T and the share buy back news are sentiment positive.
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Qatar's sovereign wealth fund is in talks to buy a stake in the retail arm of Mukesh Ambani led-Reliance Industries for USD 1 billion (Rs 8,199 crore).
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The 30-share BSE Sensex climbed 270.39 points to 66,626.10. The broader NSE Nifty advanced 69 points to 19,748.85.
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Some investors who recently accumulated gains were apparently booking their profits.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.01 per cent to 101.34.
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Indian government has been promoting Rupee trade with several countries to save forex, aiming at reducing dependence on the US Dollar and strengthening regional currency and trade
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MoU between Swasti and Telangana government's Industries and Commerce Department will facilitate the development of local Micro, small and medium-sized enterprises (MSMEs)
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Underlying (core) inflation is projected to decline more gradually, and forecasts for inflation in 2024 have been revised upward
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Homegrown quick-grocery delivery provider Dunzo has received a legal notice from at least seven companies since March this year
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DGCA on Tuesday said that airline SpiceJet has been removed from the enhanced surveillance regime
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The deputy governor further said over the years, Reserve Bank has been taking various policy measures to promote and support green finance initiatives
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Foreign fund outflows and elevated levels of crude oil prices also weighed on investor sentiment, traders said
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WTC, an automatic vending machine, not just dispenses tea and coffee but also hot lemon tea and badam milk, besides chilled water bottles and packaged biscuits
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In a release, the automaker on Monday announced to recall 87,599 vehicles (S-Presso and Eeco) manufactured between July 5, 2021, and February 15, 2023
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Cash-strapped budget carrier Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process
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The steering committee of lenders has agreed to amend a USD 1.2 billion term loan with Byju's by August 3, 2023, the lenders announced
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The recalled units were manufactured between July 5, 2021, and February 15, 2023, the auto major said in a statement
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Certainly one of the things that we think is not very far off is even instantaneous settlements on the stock exchange, Buch said
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Company's Material Subsidiary to Take Legal Action Following Necessary Communication, States Report
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Forex traders said investors are watching on the sidelines and awaiting cues from ensuing FOMC meeting and US FED decision this week.
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The 30-share BSE Sensex declined 87.24 points or 0.13 to 66,597.02. The broader NSE Nifty fell 10.65 points or 0.05 per cent to 19,734.35.
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The rupee movement against the US dollar and global oil benchmark Brent crude will also remain in focus this week.
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Sri Lanka is considering the possibility of allowing the usage of the Indian rupee for local transactions just like the dollar
