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Latest Articles in Sector Reports

FedEx Wrings Out Profit As Pandemic-Fueled E-Commerce Deliveries Surge

Average daily package volume for FedEx Ground, which handles e-commerce deliveries for retailers like Walmart, jumped 31% to 11.6 million during the fiscal first quarter ended Aug. 31.

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Siti Networks reports Q1 net loss of Rs 45.81 crore

Its total income during the quarter under review stood at Rs 382.84 crore. It was Rs 394.67 crore in the corresponding quarter last fiscal, Siti Networks said in a BSE filing.

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Gold Rises By Rs 422, Silver Jumps Rs 1,013

Silver also witnessed buying interest as it jumped Rs 1,013 to Rs 70,743 per kilogram from Rs 69,730 per kilogram in the previous trade.

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Google Faces Grilling On Ad Business Before U.S. Senate Antitrust Panel

Google's critics say it uses search to tout its shopping, mapping and other services rather than giving neutral responses. Others allege it unfairly favors its services in Android.

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UK Jobless Rate Rise Sounds Warning For Bigger Job Losses Ahead

The unemployment rate increased to 4.1% in the three months to July from the 3.9% it had clung to since early 2020

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Flipkart To Hire 70,000 In India Ahead Of Big Shopping Event

The e-commerce company launched an online wholesale service, Flipkart Wholesale, for mom-and-pop stores and other small businesses

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Fiat Chrysler Shares Rise After PSA Merger Deal Revision

Fiat Chrsyler shares were up more than 5% at 0730 GMT, while PSA reversed gains to stand down 1.5% after opening around 1% higher.

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H&M Bounces Back From Coronavirus Slump

Sales fell 19% to 50.9 billion crowns, against expectations for an 18% drop. In local currencies, the fall was 16%.

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SoftBank Paused Share Buybacks In August Ahead Of Asset Sale Announcements

SoftBank's share price climbed 160% from March lows to peak on Aug. 3 at 6,942 yen. It has since fallen around 8%.

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IIHB Research Shows Drug Abuse Is Big Negative For Celebrity Endorsers

92% of those called were aware that there have been sensational drug abuse disclosures in the past week with famous Bollywood names being revealed.

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India Slips To 54th Globally In Home Price Appreciation: Knight Frank Survey

As compared to Q1 2020, India moves down 11 spots in the Global House Price Index Q2 from 43rd rank to 54th rank.

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PVR Q1 Loss At Rs 226 Cr As Revenue Nil From Core Movie Exhibition Business

The revenues in Q1 FY21 totalled Rs 55 crore as compared to Rs 887 crore in Q1 FY20 due to the outbreak of COVID-19 and consequent lockdown.

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ICICI Bank Gets Exemption For Over 30 Pc Shareholding In Two Insurance Arms

Sub-section (2) of Section 19 of the Banking Regulation Act 1949 provides that no banking company will hold more than 30 per cent shares in any company.

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