Inflation should be viewed as public enemy number 1, here’s why

Johannesburg, May 22 Inflation is a process of sustained increases in the general price level over a period of time, typically 12 months. Inflation can be calculated for a country, for specific regions in a country and for different income and demographic groups, for instance pensioners. These different calculations are…

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M-cap of 3 of top-five valued firms jumps Rs 1.78 lakh-crore; Reliance lead gainer

New Delhi, May 22Three of the top-five valued firms together added Rs 1,78,650.71 crore to their market valuation last week, led by Reliance Industries.Last week, benchmark BSE Sensex climbed 1,532.77 points or 2.90 per cent.While Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers from the top-five pack, Tata…

View More M-cap of 3 of top-five valued firms jumps Rs 1.78 lakh-crore; Reliance lead gainer

Paytm forms joint venture general insurance firm, to invest Rs 950 crore in 10 years

New Delhi, May 21Digital financial services firm One97 Communications, which operates under Paytm brand, on Saturday said it has formed a joint venture general insurance company in which it has committed to invest Rs 950 crore over a period of 10 years.The proposal to set up joint venture firm Paytm…

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Markets claw back lost ground, investors richer by Rs 5 lakh crore

Mumbai, May 20The Sensex surged over 1,500 points while the Nifty reclaimed the 16,000-mark on Friday, reversing the previous session’s sharp decline in tandem with a recovery across global markets as investors resorted to bargain-hunting.SENSEX SURGES 1,534.16 POINTSCLOSES AT 54,326.39RUPEE HOLDS AT 77.63/$NSE Nifty rose 456.75 points to settle at…

View More Markets claw back lost ground, investors richer by Rs 5 lakh crore

Foreign Direct Investment inflow at all-time high of $83.57 billion

NEW DELHI, MAY 20Total foreign direct investment (FDI) into India rose two per cent to the “highest ever” $83.57 billion in 2021-22 due to various measures like policy reforms and ease of doing business taken by the government, said a Commerce Ministry statement.The inflow in 2020-21 stood at $ 81.97…

View More Foreign Direct Investment inflow at all-time high of $83.57 billion

FDI inflow hits all-time high of USD 83.57 billion in 2021-22

New Delhi, May 20 India has received the “highest ever” total foreign direct investments (FDI) of USD 83.57 billion in 2021-22 on account of various measures like policy reforms and ease of doing business taken by the government, the commerce and industry ministry said on Friday. Total FDI comprises…

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BRICS Bank to set up regional office in Gujarat

New Delhi, May 20 The New Development Bank (NDB) ndash; or BRICS Bank as it is colloquially known ndash; has announced the launch of its Indian Regional Office (IRO) in Gujarat International Finance Tec-City (GIFT City). The office will focus on initial project preparation, project implementation and monitoring as well…

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Central Consumer Protection Authority sends notices to Ola, Uber for unfair trade practices

Vibha Sharma New Delhi, May 20 The Central Consumer Protection Authority (CCPA) has issued notices to Ola and Uber, the online ride hailing platforms, for unfair trade practices and violation of consumer rights. A significant number of complaints have been lodged by consumers across the country on multiple issues…

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