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Rupee Gains 23 Paise At 81.64 Against US Dollar, Sensex Soars 1123 Points In Opening Trade
Rupee appeared strong in opening trade on Tuesday as it gained 23 paise at 81.64 against US Dollar. Meanwhile, BSE Sensex gained 1123 points in opening trade at 57910 and NSE Nifty opened higher with a gain of 319 points at

Govt Raises Duty On Platinum, To 15.4% To Curb Import
The government has raised the customs duty on precious metal platinum to 15.4 per cent from 10.75 per cent in a bid to curb its import. According to a notification of the Finance Ministry, the revised import duty on platinum of

Lava To Launch 5G Smartphone, At Rs 10,000 Around Diwali
Indian smartphone maker Lava International on Monday said it will launch an affordable 5G smartphone, LavaBlaze 5G, for about Rs 10,000 before Diwali. The mobile device was unveiled by telecom minister Ashwini Vaishnaw at the India Mobile Congress here. A mobile

Govt Levies On Indian Telecom Industry Highest, In World At 58%: Vi CEO
Government levies on the Indian telecom industry are the highest in the world at around 58 per cent which should be reduced to generate operational cash and investments in the networks, a senior official of debt-ridden Vodafone Idea said on Monday.

CNG Price Shoots Up By Rs 6 To Rs 86/kg; PNG Up By Rs 4, To Rs 52.50/SCM
City gas utility Mahanagar Gas has increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 6/kg and by Rs 4/ SCM respectively in and around the megapolis from Monday midnight. Accordingly, the revised retail

Sensex Surges 1000 Points As US Markets See Solid Recovery, Bond Yields Drop
Benchmark induces surged in trade after US markets saw solid closings on the back of falling US Bond Yields. The Dow rallied nearly 2.7%, or about 765 points, to close at 29,490.89. The benchmark had the best day since June 24,

Sebi Cautions Investors Against Funds Raising By Entities Claiming, To Give Portfolio Management Services
Capital markets regulator Sebi on Monday cautioned investors against unauthorised money mobilisation by entities claiming to provide portfolio management services. Further, the regulator noted that these entities have been luring the public, with a promise of high returns, through pamphlets and

Motilal Oswal PE Arm Raises, Rs 4,500 Crore
A private equity fund promoted by domestic brokerage Motilal Oswal on Monday announced that it has garnered commitments of Rs 4,500 crore for a new platform. The fund was raised primarily from high net-worth individuals and family offices by Motilal Oswal

Rupee Vs Dollar: Rupee Falls By 49 Paise To Close At 81.89 against US Dollar
The India Rupee witnessed a dip by 49 paise to close at 81.89 (provisional) against the US dollar on Monday amid heavy selling pressure in the domestic equities and a surge in crude oil prices weighed on the local unit.

Gold Price India, Oct 3: Yellow Metal, Silver Prices Rise As Festive Season Picks Momentum
The prices of gold and silver witness a rise in India today with price of 22 carat gold witnessed a jump of Rs 350 to settle at Rs 46,850 per 10 gram. Meanwhile, price of 24 carat gold is registered at

ONGC, Oil India, Mangalore Refinery Shares Rise As Govt Slashes Windfall Tax
Shares of Oil and Natural Gas Corporation Ltd (ONGC), Oil India, and Mangalore Refinery & Petrochemicals (MRPL) witnessed a surge of more than 4% on NSE and BSE in intraday on October 3, 2022. Earlier this month on Saturday, government announced

IKIO Lighting Files IPO Papers With Sebi, To Mop-Up Funds
Manufacturer of LED lighting solutions IKIO Lighting Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 350

Air India Introduces New Menu, In Domestic Flights
Tatas-owned Air India has introduced a new in-flight menu on domestic routes amid the onset of the festive season. Since taken over by the Tatas in January this year, the loss-making airline has been making efforts to revamp services, expand its

UK Scraps Tax Cut For Wealthy, That Sparked Market Turmoil
The British government has dropped plans to cut income tax for top earners, part of a package of unfunded cuts that sparked turmoil on financial markets and sent the pound to record lows. In a dramatic about-face, Treasury chief Kwasi Kwarteng

PayU Calls Off $4.7 Bn Acquisition, Of BillDesk
Prosus NV, which owns PayU, has terminated a USD 4.7 billion (about Rs 38,400 crore) deal to acquire Indian payments firm BillDesk, saying certain conditions precedent were not met. Prosus, the global investment arm of South African multinational Nasper, had on


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