Newsprint cost up 20% in last 3 months, publishers seek waiver in customs duty

New Delhi, January 16 Newsprint cost has jumped 20 per cent in the last three months due to demand-supply imbalance post pandemic, prompting news publishers to petition the government for waiver of 5 per cent import duty to help cut cost. The industry has been hit hard due to COVID-19…

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Traders’ body moves SC over WhatsApp’s new privacy policy

New Delhi, January 16 Traders’ body CAIT on Saturday filed a petition in the Supreme Court, making a plea to direct WhatsApp to withdraw its new privacy policy. The body issued a statement claiming that the new WhatsApp privacy policy encroaches upon various fundamental rights of the citizens. About…

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Need to support economic revival, financial stability: RBI Governor

Chennai, January 16 RBI Governor Shaktikanta Das on Saturday said the financial stability is a public good, and its resilience and robustness need to be preserved and nurtured by all stakeholders. Delivering the 39th Nani Palkhivala memorial lecture through a virtual platform, he said the central bank had directed its…

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Snapdeal terms USTR report placing it on Notorious Markets List ‘ill-informed’, ‘incorrect’

Washington, January 16 Snapdeal, one of India’s largest e-commerce platforms, has contested a US Trade Representative report that placed it on the Notorious Markets List for counterfeiting and piracy, and termed it ill-informed and incorrect. Snapdeal and four Indian shopping complexes have figured in the latest 2020 Review of Notorious…

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GAIL announces Rs 1,046-cr share buyback programme

New Delhi, January 15 GAIL (India) Ltd, the nation’s largest gas distribution firm, on Friday announced a Rs 1,046.35-crore share buyback programme as it looked to return surplus cash to shareholders, the biggest being the Government of India. In a stock exchange filing, the company said its Board has approved…

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PNB names 6 branches after war heroes

Chandigarh, January 15 On the 73rd Army Day, PNB has named six branches after war heroes. Jalandhar Cantt branch has been named after Flying Officer Nirmaljit Singh Sekhon, Jammu Cantt branch after Naib Subedar Bana Singh, Lucknow Sadar Bazar branch after Capt Manoj Kumar Pandey, Jaipur branch after Havildar Major…

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Amazon urges SEBI to suspend review of Future-RIL agreement

New Delhi, January 15 Amazon has asked SEBI to suspend its review of the Rs 24,713-crore Future-Reliance deal and not grant a no-objection certification on the ground that its challenge to the agreement was before the Delhi High Court. Amazon has written to SEBI again, this time apprising it about…

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Exports rise marginally to $27 billion in December

New Delhi, January 15 India’s exports rose marginally to $27.15 billion in December 2020, while imports surged 7.56% to $42.59 billion, official data showed on Friday. The merchandise exports were valued at $27.11 billion in December 2019 while imports had totalled $39.59 billion. “The trade deficit for December 2020 was…

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PNB names six branches after war heroes

Tribune News Service Chandigarh, January 15 Coinciding with the 73rd Army Day, public sector lender Punjab National Bank (PNB) on Friday dedicated six of its branches to war heroes who were conferred gallantry awards in various battles and operations. PNB’s branch at Jalandhar Cantonment has been named after Flying Officer…

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Indian economy ‘weak’, credit growth bottoming out: Report

Mumbai, January 15 American brokerage BofA Securities on Friday said the Indian economy continues to be “weak”, pointing to activity indicators tracked by it. On the positive side, the brokerage said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling. It can…

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Sensex slumps 549 points on profit-taking; posts weekly gain

Mumbai, January 15 Equity indices sank deep into the red on Friday as concerns over stretched valuations and a bearish trend in global markets triggered across-the-board selling. Investors preferred to book profits at higher levels despite a good start to the earnings season, traders said. The 30-share BSE Sensex slumped…

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Sensex drops over 200 points in early trade; Nifty below 14,550

Mumbai, January 15 Equity benchmark Sensex dropped over 200 points in early trade on Friday tracking losses in index majors Infosys, HDFC Bank and TCS amid weak cues from global markets. The 30-share BSE index was trading 246.16 points or 0.50 per cent lower at 49,338. Similarly, the broader NSE…

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US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China

Hong Kong, January 15 The US government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump’s last week in office. The Department of Defense added nine companies to its list of Chinese firms with…

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