Sitharaman discusses post-pandemic economic recovery, other issues with World Bank chief

Washington, October 16 Finance Minister Nirmala Sitharaman discussed the post-pandemic economic recovery, India’s major role in the global fight against COVID-19 and preparations for the upcoming Climate Change Conference among other issues during her meeting with World Bank President David Malpass. Sitharaman met Malpass at the World Bank headquarters in…

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World stocks notch best day in 5 months; oil, government bond yields up

Bitcoin hits six-month high of $61,895.05 on Friday, approaches record hit in April Read More | Source: The Hindu Business Line…

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Biden admn, US companies welcomed economic reforms by India: Sitharaman

Washington, October 16 India’s Finance Minister Nirmala Sitharaman here said the Biden Administration and leaders from the corporate sector in the US had welcomed recent economic reforms introduced by her government. “The reforms that we’ve undertaken, particularly the steps taken for the withdrawal of the retrospective tax, have been mentioned…

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Public sector GIs losing motor segment share

Mumbai, October 15 Even as the motor insurance segment, which had a massive decline in FY21, is returning to the growth path, public sector general insurers have been steadily losing ground to the private insurers overall and more so in the bread and butter motor segment, with pie crimping to…

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Prices of fuel at all-time high

Petrol and diesel prices on Friday rallied to their highest ever levels across the country. With a hike of 35 paise, the petrol price in Delhi and Mumbai reached Rs105.14 and Rs111.09, respectively. MUMBAI Forex reserves increase by $2 billion to $639.5 billion The country’s foreign exchange reserves rose by…

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India most cost-effective in rooftop solar power: Report

Mumbai, October 15 A global study has found that India is the most cost-effective country for generating rooftop solar energy at USD 66 per megawatt-hour, while the cost in China is marginally higher at USD 68 per megawatt-hour. Due to the lower cost, rooftop solar photovoltaics (RTSPV) technology, such as…

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Export curbs on diagnostic kits, reagents go as Covid cases fall

New Delhi, October 15 With Covid cases coming down in the country, the government on Friday removed export curbs on all diagnostic kits and reagents including instruments, which are used in detection of Covid infection. India logged 16,862 new cases, infections, taking the tally to 3,40,37,592, while the active cases…

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Metropolis to acquire Hitech Diagnostic

New Delhi, October 15 Diagnostic chain Metropolis Healthcare on Friday said its board has approved the acquisition of Hitech Diagnostic Centre and its subsidiary Centralab Healthcare Services for a cash consideration of Rs 636 crore. Earlier on January 17, 2021, Metropolis Healthcare in a regulatory filing had said its board…

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No coal e-auction till situation normalises

New Delhi, October 15 Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal, except special forward e-auction for the power sector, till the situation stabilises. The development assumes significance as the supply of coal…

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World shares gain after technology-powered rally on Wall St

Investors have been encouraged by strong earnings reports, as every S&P 500 company that has reported earnings this week has beaten forecasts Read More | Source: The Hindu Business Line…

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Asian shares track Wall St gains but China worries weigh

Oil prices were at multi-year highs, a drag on growth in energy-importing markets in north Asia, but good news for some energy-exporting markets in Southeast Asia Read More | Source: The Hindu Business Line…

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Petrol, diesel prices rally to highest-ever levels

New Delhi, October 15 Petrol and diesel prices on Friday rallied to their highest-ever levels across the country, as fuel rates were hiked again by 35 paise a litre. The price of petrol in Delhi rose to its highest-ever level of Rs 105.14 a litre and Rs 111.09 per litre…

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