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Latest Articles in Companies Markets

Reliance Industries Shares Fall Nearly 5% As COVID-19 Hits Oil Business

Total revenue slid 21% to 1.24 trillion rupees, and the company said its operations and revenue during the period were impacted by the COVID-19 pandemic.

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Sensex, Nifty Inch Higher As Rebound In Banks Offset Reliance Slide

The blue-chip NSE Nifty 50 index rose 0.12% to 14,388.75, while the benchmark S&P BSE Sensex gained 0.05% to 48,902.52 by 0520 GMT.

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Philips Fourth-Quarter Core Profit Rises As Robust Pandemic-Led Demand Continues

Philips said adjusted earnings before interest, taxes and amortisation (EBITA) increased to 1.14 billion euros ($1.39 billion) in the October-December period, with comparable sales up 7% at 6 billion euros.

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Markets May Remain Volatile In Holiday-Shortened Week: Analysts

The BSE Sensex scaled the 50,000-mark for the first time on Thursday. However, widespread profit booking and weak global cues hit markets and the Sensex tanked 1.5 per cent or 746 points on Friday while NSE Nifty dropped below 14,400 level.

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Mutual Funds Continue To Attract Investors In 2020, Add 72 Lakh Folios

The number of folios with 45 fund houses rose to 9.43 crore at the end of December 2020 from 8.71 crore at the end of December 2019, registering a gain of 72 lakh folios.

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IRDAI Panel For Separate Payments Of Vehicle, Insurance Premium

The regulator had set up a committee to review the MISP guidelines. The panel has submitted report in which it has made various recommendations for orderly conduct of motor insurance business through MISP channel.

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Luminous Aims Rs 6,000-Cr Turnover By FY25, To Invest Rs 500 Cr Over Next 3 Yrs For Expansion

Luminous Power operates in categories as fan, lights and switches in the home electrical segment; while in the solar segment, it has a portfolio that includes panels, batteries, controllers, UPS and inverters as well as calculators.

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Asian Shares Under Pressure On Rising Coronavirus Cases

Global COVID-19 cases are inching towards 100 million with more than 2 million dead, though financial markets have been buoyant on hopes of a vaccine and a quick economic revival.

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Global Green Bond Issuance Hit New Record High Last Year

The United States issued the most green bonds, with a total value of $51.1 billion, followed by Germany at $40.2 billion and France at $32.1 billion

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Apollo Hospitals Raises Rs 1,170 Cr Through Allotment Of Shares To Qibs

The Fund Raising Committee on Saturday 'approved allotment of 46,59,498 equity shares of face value Rs 5 each to eligible qualified institutional buyers at the issue price of 2,511 per equity share

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Weak Data, Earnings Drag Stocks Lower; Oil Falls

The Dow Jones Industrial Average fell 179.03 points, or 0.57%, to 30,996.98, the S&P 500 lost 11.6 points, or 0.30%, to 3,841.47 and the Nasdaq Composite added 12.15 points, or 0.09%, to 13,543.06.

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UltraTech Cement Reports Over Two-Fold Jump In Q3 Net Profit To Rs 1,584.58 Cr

UltraTech Cement's total expenses were at Rs 10,190.03 crore in the third quarter of financial year 2020-21, as against Rs 9,611.08 crore, down 6.29 per cent.

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Working 5 Days A Week

US leads the way with overtime, with 49% of the population exceeding 40 hours a week, followed by India which is at 44%, Mexico at 40%, and Germany at 38%.

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Tata Power Solar Wins Rs 1,200 Cr Order To Set Up 320 MW Project

India's largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a 'Letter of Award (LoA)' to build 320 MW of ground mounted Solar PV project for NTPC

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Mahindra Lifespace Developers Posts Rs 11.19 Cr Net Loss In Dec Quarter

Total income declined to Rs 70.19 crore during the October-December quarter of the 2020-21 fiscal from Rs 85 crore in the corresponding period of the previous year

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