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ships: Ships resume docking at Ningbo port after two-week shutdown

ships: Ships resume docking at Ningbo port after two-week shutdown

Ships have resumed berthing operations at a halted terminal in Ningbo, China, adding to optimism that full activity at one of the world’s busiest ports will be restored shortly after a two-week shutdown to quarantine dockworkers. At least five container ships have left the Meishan terminal at Ningbo in the past few days after berthing there, according to shipping data compiled by Bloomberg. While…

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Govt expects Rs 39,832 cr from sale of power generation assets by FY25

Govt expects Rs 39,832 cr from sale of power generation assets by FY25

Government’s think tank NITI Aayog has valued state-owned power generation assets at Rs 39,832 crore which can be monetised by the financial year 2025, according to the National Monetisation Pipeline released on Monday. Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across…

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Bajaj Holdings Share Price: Bajaj Holdings shares fall 0.02% as Nifty gains

Bajaj Holdings Share Price: Bajaj Holdings shares fall 0.02% as Nifty gains

Shares of & Investment Ltd. slipped 0.02 per cent to Rs 4120.0 in Tuesday’s trade. It hit a high of Rs 4181.85 and low of Rs 4048.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3431.84, while the 50-DMA was at Rs 3842.67. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below…

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RBI wants NAFCUB to expedite setting up of umbrella organisation to support urban co-operative banks

RBI wants NAFCUB to expedite setting up of umbrella organisation to support urban co-operative banks

The National Federation of Urban Co-operative Banks and Credit Societies Ltd (NAFCUB) should expedite the process of setting up the Umbrella Organisation (UO) so that it can provide support with regard to IT infrastructure, capital, liquidity, and training, to its member urban co-operative banks (UCBs), according to a Reserve Bank of India panel. The small UCBs with the support of the UO can…

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We expect steel consumption to go back to pre-Covid level this year: Tata Steel’s TV Narendran

We expect steel consumption to go back to pre-Covid level this year: Tata Steel’s TV Narendran

The recent sharp fall in iron ore prices may finally put a lid on the continuous rally in steel prices. However, the demand is expected to remain strong with global economies spending big time on infrastructure development. TV Narendran, Managing Director, Tata Steel, spoke to BusinessLine on the way forward. Excerpts: How do you see steel demand? Demand shrunk 14.8 per cent sequentially in the…

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euronics: Pooping in the pandemic: A bet on automatic toilets means this Gurugram-based firm is flush with cash

euronics: Pooping in the pandemic: A bet on automatic toilets means this Gurugram-based firm is flush with cash

It has been an age of no-touch since Covid-19 entered our lives. People have even changed their behaviour: Prince Charles greeted people with a namaste at an awards function; Germany’s interior minister Horst Seehofer refused to shake hands with Chancellor Angela Merkel at a public meeting. Even the protagonists in the third episode of Modern Love, Season 2, bid farewell to each other by giving…

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Zomato Shares Plunge For Second Consecutive Day; Here's Why!

Zomato Shares Plunge For Second Consecutive Day; Here’s Why!

Business oi-Sneha Kulkarni | Published: Tuesday, August 24, 2021, 12:29 [IST] Zomato’s stock fell for the second day in a row on Tuesday, after plummeting over 9% in the previous day as the obligatory 30-day lock-in period for anchor investors expired. In Tuesday’s opening trades on the BSE, shares of the online meal delivery platform fell over 3% to 123 per share, marking a drop of over 13%…

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Panel aims to double manufacturing exports in 5 years, slash imports

Panel aims to double manufacturing exports in 5 years, slash imports

The panel has worked out action plans for 24 priority sectors. A government-backed panel has firmed up a roadmap to double manufacturing exports over the next five years, reduce imports by two-thirds in select sectors and drive up annual domestic consumption growth to about 9% from roughly 7% in a normal year under the Atmanirbhar Bharat initiative. The Steering Committee for Advancing Local…

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Buy This Pharma Stock For 23% Gains, Says Motilal Oswal

Buy This Pharma Stock For 23% Gains, Says Motilal Oswal

Investment oi-Sunil Fernandes | Published: Tuesday, August 24, 2021, 10:36 [IST] Broking firm, Motilal Oswal is bullish on the stock of Cadila Heatlhcare for 23% returns from the current levels of Rs 541. The firm has set a target price of Rs 670, thus giving potential returns of 23% from the current levels. Vaccine opportunity for Cadila Healthcare Cadila Healthcare has received emergency use…

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E-tailers can’t store your card data, says RBI

E-tailers can’t store your card data, says RBI

MUMBAI: One-click purchases at e-commerce sites may no longer be available to digital shoppers with the Reserve Bank of India (RBI) putting its foot down on card data storage norms. The reason behind RBI’s tough stance is a spate of ransomware attacks in the country, where computer networks open to the internet have been hijacked by malware. In terms of the new guidelines for payment gateways and…

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India's US envoy Sandhu discusses bilateral cooperation with US Commerce Secy Raimondo

India’s US envoy Sandhu discusses bilateral cooperation with US Commerce Secy Raimondo

India’s Ambassador to the US Taranjit Singh Sandhu met the United States Secretary of Commerce Gina Raimondo in Washington to discuss the countries’ bilateral relationship and their mutual commitment to growing business relations to support strategic partnership. According to a statement issued by the US Department of Commerce, the meeting also included a discussion on scheduling the US-India CEO…

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Weak market debut for Aptus Value Housing Finance

Weak market debut for Aptus Value Housing Finance

Aptus Value Housing Finance made a weak stock market debut on Tuesday. Aptus Value Housing Finance India: All positives factored in Should you invest in the Aptus Housing Finance IPO? Retail-focused housing finance company Aptus Value Housing Finance was listed at ₹333 per share, nearly 6 per cent lower than its issue price of ₹353 apiece. As at 10.30 am, the stock was trading at ₹340.30 per…

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Investment tips to ride stock market volatility

Investment tips to ride stock market volatility

Short-term ups and downs test investors’ patience and belief in fundamentals, which is important for successful investors. Since the lows of March 2020, the stock market has recovered a lot and is currently flirting near the all-time high levels. Equity mutual fund investors are sitting on some pretty gains depending on the time they started to invest. Of late, there has been some shake-up in the…

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Crude oil rises on fuel demand hopes

Crude oil rises on fuel demand hopes

SINGAPORE, Aug 24 (Reuters) – Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE Covid-19 vaccine, stoking investor hopes that higher fuel demand will follow a potential step up in U.S. coronavirus vaccination rates. Brent crude oil futures gained 66 cents, or 0.9 per cent, to $69.41 a barrel by 0201 GMT, while U.S. West Texas…

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Refiners July crude processing bounces to 3-month high on demand revival

Refiners July crude processing bounces to 3-month high on demand revival

– Indian refiners’ crude throughput in July bounced to its highest in three months, as the easing of coronavirus restrictions boosted economic activity and fed demand for fuel. Provisional government data on Monday showed refiners processed 4.58 million barrels per day (19.38 million tonnes) ofcrude oil last month, about 1.9 per cent higher than 4.50 million bpd processed in June. On a…

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Govt appoints Abhay Kumar Singh as joint secy in newly created Ministry of Cooperation

Govt appoints Abhay Kumar Singh as joint secy in newly created Ministry of Cooperation

Abhay Kumar Singh has been appointed as joint secretary in the Ministry of Cooperation which was recently formed with an aim to strengthen the cooperative movement in the country, according to a Personnel Ministry order issued on Monday. Singh, a 2004-batch Indian Administrative Service (IAS) officer of the Bihar cadre, has been appointed as joint secretary in the ministry for a combined tenure…

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Gold Rate Today, Gold Price on 24 August 2021: MCX Gold falls, mirror global trends; rates over 47600 will lead rally to 48000 - Gold Price Forecast, Gold Price Outlook

Gold Rate Today, Gold Price on 24 August 2021: MCX Gold falls, mirror global trends; rates over 47600 will lead rally to 48000 – Gold Price Forecast, Gold Price Outlook

Breaking above 47,600 level on hourly closing basis we expect prices to head towards 48,000 level. Gold Rate Today, Gold Price Today in India: Gold prices in India fell on Tuesday, mirroring the global trends. On Multi Commodity Exchange, gold October futures were trading Rs 100 or 0.21 per cent down at Rs 47,485 per 10 gram, as against the previous close of Rs 47,584. Silver September futures…

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