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Forex traders noted that gains in the rupee were limited by rising international crude oil prices, a decline in domestic equity markets, and foreign capital outflows. On the interbank foreign exchange market, the rupee opened 1 paisa higher at 83.96 against the dollar, following a 4 paisa increase to 83.97 on Thursday.
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Anarock’s report reveals that a total of 25 ultra-luxury homes were sold across major Indian cities, including Mumbai, Hyderabad, Gurugram, and Bengaluru, during January-August.
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The dollar index, measuring the greenback's strength against six major currencies, fell 0.14% to 101.67. Meanwhile, Brent crude, the global oil benchmark, dropped 0.62% to 73.29 in futures trading.
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The 30-share BSE Sensex plunged 721.75 points to 81,833.69 following a weak start to trading. The NSE Nifty dropped 196.05 points to 25,083.80. Among the 30 Sensex companies, JSW Steel, Infosys, Larsen & Toubro, State Bank of India, Tata Steel, Mahindra & Mahindra, Bharti Airtel, and Axis Bank were the major decliners.
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Union Minister Jyotiraditya Scindia says that new rules are a reflection of the government's commitment to ensure equal access to telecom services
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Canada-based global thought leader says India needs to leverage its vast talent pool, establish AI-focused centres of excellence
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Thereafter, Vistara aircraft will be operated by Air India and bookings for the routes operated by these planes will be redirected to Air India's website
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The 30-share BSE Sensex jumped 502.42 points to hit a fresh all-time high of 82,637.03 in early trade
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Forex traders noted that the market is awaiting the US GDP and Personal Consumption Expenditure (PCE) inflation data. These data points are crucial as they could influence the Federal Reserve's decision on whether to implement a 25 or 50 basis point rate cut at its September meeting.
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The 30-share BSE Sensex fell by 102.78 points to 81,682.78 in early trade, while the NSE Nifty dropped 34.85 points to 25,017.50. However, both indices later recovered, with the Sensex trading up 64.07 points at 81,846.33 and the Nifty up 17.40 points at 25,070.15.
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It offers 1-second transaction time with widest reach for registered PhonePe merchants and users who can integrate their payments across apps without multiple onboarding
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Nearly 6% stake in InterGlobe Aviation, parent company of IndiGo, exchanged hands during morning trade
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Following a decline in 2023, Apple's hardware revenues are projected to grow by 3% year-on-year in 2024, according to Counterpoint Research. This growth is expected to be driven by all major hardware segments, including the iPhone, iPad, Mac, Watch, and AirPods, with new launches playing a key role. AirPods may become the fastest-growing segment this year.
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Forex traders noted that, from a macroeconomic perspective, the rupee's downside seems well-contained, with the 84 level serving as critical support, likely due to anticipated RBI intervention to curb further depreciation. At the interbank foreign exchange market, the rupee opened at 83.94, then weakened slightly to 83.95, marking a 2 paise loss from its previous close.
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The 30-share BSE Sensex rose 128.81 points to 81,840.57 in early trading, while the NSE Nifty gained 30.4 points to 25,048.15. However, both indices soon experienced profit-taking and moved lower, with the BSE benchmark down 42.46 points at 81,682.57 and the Nifty down 21.60 points at 24,996.15.
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His sharp intellect, wise judgment, and financial brilliance make him the perfect choice to be Apple's next CFO, says company CEO
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The tech giant will launch the new line-up along with other gadgets including new AirPods 4, Watch Series 10 and software services
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In 2019, the average price in Kokapet was Rs 4,750 per sq. ft., which surged to Rs 9,000 per sq. ft. by the first half of 2024
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Says Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving
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Infosys denies all allegations, says it will defend its position in court
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The fee reductions, effective from September 9, will allow sellers to expand their product range on the platform and encourage growth, Amazon India stated. "With these changes, sellers on Amazon India will see a decrease in selling fees ranging from 3% to 12% across different product categories," the company said.
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Stock of Reliance Home Finance Ltd falls 5.12% to Rs 4.45 on NSE and 4.90% to Rs 4.46 on BSE
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Also bars 24 other entities, including former key officials of Reliance Home Finance for five years for diversion of funds from company
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Market analysts are anticipating insights from US Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Symposium. The 30-share BSE Sensex opened 37.32 points, or 0.05%, higher at 81,090.51, while the NSE Nifty rose by 18.25 points to 24,829.75.