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Latest Articles in Companies Markets

Global Life Insurers Impose Restrictions, Worried About Long-Term Pandemic Risks

8% of reported group life insurance claims from April to August attributed the cause of death to COVID-19

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Foreigners Suspend Disbelief, Edge Back Into Turkish Markets

Many investors say only a reversal in this dollarisation will rehabilitate the reputation of Turkey, whose weight has dipped to below 1% in the popular MSCI EM index.

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GlobalWafers Makes Last Ditch Bid To Save $5.3 Billion Siltronic Deal

GlobalWafers, which makes silicon wafers used in computers, smart phones, and other appliances, raised its bid for its German rival in two days last week to 145 euros from an original offer of 125 euros as it seeks to win over shareholders.

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Investment In Upskilling Can Boost Global GDP By $6.5 Trillion By 2030: WEF

"Upskilling is key to stimulating the economic recovery from Covid-19 and creating more inclusive and sustainable economies. To make this happen, greater public-private collaboration will be key,"

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Global Stocks Rise On Recovery Hopes

European stock markets opened higher, with the pan-European STOXX 600 up 0.3%. The continent's 50 biggest stocks were also up 0.3%.

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Britain's Boohoo Buys Debenhams Brand While ASOS Moves For Topshop

The 243-year-old Debenhams has been in administration since April and last month FRP said it was starting a liquidation process, putting 12,000 jobs at risk.

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China's Huawei In Talks To Sell Premium Smartphone Brands P And Mate

The world's biggest telecoms equipment vendor and No.2 smartphone maker, last November announced the sale of its budget phone brand Honor to a consortium of 30 dealers led by a company backed by the Shenzhen government.

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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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