Non-food bank credit growth accelerates to 6.9% in Oct 2021, personal loans continues to grow robust

Under the data, credit to agriculture and allied activities continued to perform well, registering an accelerated growth of 10.2 per cent in October 2021 as compared to 7.2 per cent in October 2020.

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Tega Industries raises Rs186cr from 14 anchor investors

The company informed the bourses that it has allocated 41,00,842 shares at Rs453 per share on Tuesday, November, 30th, 2021 to anchor investors.

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Fiscal Deficit stands at 36.3% for April-October period this year

In actual terms, the deficit was Rs5,47,026cr at the end of October, 2021 against the annual estimate of Rs15.06 lakh crore, while total expenditure was Rs18.27 lakh crore, the data revealed further.

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India Pesticides applies for additional 1,300 square metres of land near existing Sandila plant

The company said, "We have received the allotment letter for the said land from the concerned competent authority."

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RBI: All-India Housing Price Index rises to 2.6% in Q2FY22

Data given by RBI revealed that all-India HPI recorded 2.6 per cent growth (y-o-y) in Q2:2021-22 as compared with 2.0 per cent growth in the previous quarter and 1.1 per cent a year ago.

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Explained: What Q2 GDP growth numbers reveal about economic recovery

India Q2 GDP growth: A comparison of the GDP data to the pre-pandemic 2019 era is important to understand the extent of recovery.

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SGX Nifty indicates flat to positive opening for Indian markets

Asian markets opened muted with the Japanese 'Nikkei' trading in the green as the sell-off in most Asian indices had priced in the negatives of the new variant.

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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Top stocks in focus: Maruti Suzuki, NTPC, Hathway Cable, Strides Pharma, Rail Vikas Nigam

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

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Global airlines prepare for Omicron-induced volatility

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US stocks: Wall Street ends lower on Omicron scare

The Dow Jones Industrial Average fell 652.22 points, or 1.86%, to 34,483.72, the S&P 500 lost 88.27 points, or 1.90%, to 4,567 and the Nasdaq Composite dropped 245.14 points, or 1.55%, to 15,537.69.

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Agrawal to draw $1mn annual salary, get restricted stock worth $12.5mn

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8 core sectors post 7.5% growth in October

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Reserve price relook: Trai seeks views

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Will move crypto bill in this session: Sitharaman

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Snapdeal aims at $200-250 million IPO by March

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HDFC, Bajaj Finance up rates on longer term deposits

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Economy to grow at double-digit rate in current fiscal: Finance ministry

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Q2 GDP growth at 8.4%, government sees double-digit rise in FY22

The country’s economy grew by 8.4% in the July-September quarter, broadly in line with expectations, led by a steady farm sector and double-digit expansion in public administration, defence and other services as the impact of the base effect waned and weighed on the overall numbers.

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Joblessness in urban areas fell to 9.4% in January-March

The unemployment rate in urban areas in the January-March quarter of 2020-21 was 9.4%, lower than the 10.3% recorded in the October-December quarter of the previous year, data showed on Thursday. The rate cooled down after being in double digits for the past three quarters.

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Omicron effect: Doubts over Moderna vaccine efficacy roil markets

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Government yet to take a view on regulating crypto advertisements: FM Sitharaman

The minister said there had been statements and there was an awareness building attempt to say that this is a “risky area” and people indulging in it should be conscious as to what they were doing in the area that is not yet in a complete regulatory framework.

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Stricter norms for int'l passengers to be effective from Tuesday midnight

The strict norms for arriving international passengers, especially from 'at-risk' countries, will come into effect from Tuesday midnight and authorities are stepping their vigil for effective surveillance amid mounting concerns over the emergence of the Covid variant Omicron.

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Sensex jumps over 500 points in opening session

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Rupee recovers 21 paise to 74.86 against US dollar

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GE Power India appoints Shukla Wassan as Independent Director for 5 years term

She is presently the Chairperson of two listed entities in Nepal and Independent Director in four entities in India.

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Centre approves 100% disinvestment of Central Electronics for Rs210cr

The higher of the two price bids price bid submitted by M/s Nandal Finance and Leasing Pvt Ltd was found to be above the reserve price.

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Mukesh Ambani turns to WhatsApp to break Amazon's grip on Indian buyers

Indians can now use WhatsApp to order groceries from billionaire Mukesh Ambani's JioMart via a new "tap and chat" option, as his Reliance Industries Ltd challenges the domination of Amazon and Walmart-owned Flipkart. Delivery is free and there's no minimum order value, according to JioMart users who got WhatsApp shopping invites with a 90-second tutorial and catalog.

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Strategic sale planned for 22 PSUs, 17 ongoing

In a written reply in Lok Sabha, minister of state for finance Bhagwat Karad said that since 2016 government had given in-principle nod for strategic disinvestment of 35 central public sector enterprises or CPSEs.

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Business resumption touches new high; NIBRI rises to 114.5

The Nomura India Business Resumption Index (NIBRI) rose to yet another high of 114.5 for the week ended November 28 from a downwardly revised 113.4 in the previous week.

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SGX Nifty indicates flat to positive opening for Indian markets

Asian markets opened in the green led by the Japanese 'Nikkei' which was up over 300 points in early trade after 2 back-to-back days of sharp decline.

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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US stocks rebound from Omicron-induced plunge

Investors appeared less concerned on Monday as vaccine makers Pfizer and Johnson & Johnson signaled they were already working on a potential formula targeted at the new strain Omicron. The Dow Jones Industrial Average finished at 35,135.94, up 0.7 percent.

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India's economy likely picked up in September quarter before Omicron spread

A Reuters survey of 44 economists projected GDP data - due out at 1200 GMT on Tuesday - will show 8.4% year-on-year growth in the September quarter, the fastest pace among major economies, vs a 7.5% contraction in the same quarter last year.

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Top stocks in focus: Go Fashion India, Tatva Chintan Pharma Chem, Sayaji Hotels, KSS, Ratnamani Metals & Tubes

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

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Twitter missed out on tech peers’ stock rally in Dorsey era, grew user base

Jack Dorsey’s era running Twitter spanned one of the biggest rallies for US technology stocks. Twitter missed out on most of it. A nearly 75% gain for the social-media platform during Dorsey’s tenure as CEO lags far behind the more than 280% rally for the Nasdaq 100 and the almost 140% gain in the S& as of Friday’s close. During Dorsey’s six-year tenure, other megatech stocks have posted triple-digit gains.

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IIT-Bombay alumnus Parag Agrawal is Twitter CEO after Dorsey exit

Yet another major global tech company will be headed by an executive of Indian-origin. Parag Agrawal, an IIT Bombay alumnus and chief technology officer of Twitter will take over as CEO of the social media platform immediately following the departure of its co-founder CEO Jack Dorsey.

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‘Resolution delay due to complex litigation’

The Reserve Bank of India on Monday superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the board has not been able to address. The RBI also appointed Nageswar Rao Y, former executive director of Bank of Maharashtra as the administrator.

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Elon Musk’s Starlink seeks licence for pilot ops

Taking the first official step towards launching full-fledged operations in the Indian market and falling in line with local laws, Elon Musk’s Starlink Internet Services has applied for a licence to begin pilot services. The move comes just days after the government advised the public not to subscribe to the services that were being advertised by the American company as it did not have the requisite licences to offer them.

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LIC can hike Kotak stake to 10%: RBI

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IndusInd Bank microfinance arm’s CEO, ED exit

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There’s no plan to recognise bitcoin as currency: Govt

The Centre has not received a proposal to recognise bitcoin as a currency in India, the government told Parliament on Monday, while adding that the Reserve Bank of India has recommended widening the definition of “bank note” for the launch of a Central Bank Digital Currency (CBDC). Responding to a question on whether the government has any proposal to recognise bitcoin as a currency, finance minister Nirmala Sitharaman replied in the negative in Lok Sabha.

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Revenue receipts RS 2 lakh cr short of Budget estimates: CAG

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Govt healthcare spend up at 41% in FY18 from 29% in FY14

The share of government spending in total health expenditure increased significantly to 40.8% in 2017-18, up from 32.4% in previous year, and went up from 28.6% in 2013-14 during the UPA regime, the National Health Accounts estimates show. The findings show government spending on health as a share of total government expenditure increased to 5.1% from 3.7% between 2013-14 and 2017-18, indicating higher investments in the sector as compared to previous years.

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After Air India, govt okays sale of CEL for Rs 210 crore

The Centre on Tuesday announced the sale of state-run Central Electronics Ltd to Nandal Finance and Leasing for Rs 210 crore, the second privatisation of a public sector entity in the current fiscal after the sale of Air India to the Tata group. The government hopes to complete the transaction in the current financial year.

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Consumers prefer cheaper items as prices, expenses rise

Several companies have increased prices of their products over the past three months due to inflationary pressures, and hinted at continuous price hikes until next quarter. Palm, crude and tea prices have increased by more than 50% since a year ago while packaging material prices have increased 30-35% over last year.

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Markets trade volatile; Sensex near 57,200, Nifty 50 below 17,050; Metal outperforms; RIL, TCS, Dr Reddy's, HCL Tech top bulls

Except for metal and healthcare, all other sectoral indices were under pressure.

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Sanofi India updates on divestment of Soframycin and Sofradex biz; Stock sheds near 2%

Completion of the transaction is subject to certain conditions and is expected to close within the next 3 months.

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Astral trades lower after search operation by Income Tax Department

Thee Search Operation was carried out by Income Tax Department at various locations of the company during the period from November 23, 2021, to November 27, 2021.

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Ircon International emerges as L-1 bidder for projects from NHAI and Chennai Metro Rail

The projects floated by National Highways Authority of India and Chennai Metro Rail Limited.

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IRB Infra executes investment agreement worth over Rs3180cr; Stock hits lower circuit

The investment is in the form of equity shares of face value Rs10 each on the Preferential issue.

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Aviation, communication may not come under cross-border insolvency ambit

The Ministry of Corporate Affairs (MCA) released a consultation paper on November 24 seeking public comments on a draft cross-border insolvency framework under the Insolvency and Bankruptcy Code (IBC) by December 15.

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Waaree Renewable Tech bags LOA for 140MW DC Solar Power Plant in Gujarat; Stock zooms 5%

The contract is for setting up 140 MW DC Solar Power Plant in the state of Gujarat.

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Shreyas Shipping acquires bulk carrier 'TBC Kailash' for $14.60M

Shreyas Shipping owns and operates vessels for feedering of containers between Indian Ports and international container transshipment ports.

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Musk’s Starlink Net service has no licence, shun it: Govt to public

The government has said that Elon Musk’s Starlink Internet Services is not licensed to offer satellite-based internet services in India, and advised the public not to subscribe to the services that are being advertised by the company without a requisite licence in the country.

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'Donate Pension' appeal for households in works

'Donate a pension' campaign is likely to cost an individual only Rs 36,000 per worker, in a one-time outgo that would compensate for the monthly contribution required to be made by the worker during his entire work life.

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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SGX Nifty indicates positive opening for Indian markets

Asian markets opened in mixed with the Japanese 'Nikkei' trading lower by 90 points after seeing a weak opening while other Asian indices trade flat to mildly negative.

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Non-transparent economies dangerous to work with: Piyush Goyal

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RBI-backed digital currency likely to feature in crypto bill: official

Terming the Centre’s bill as a response to the central bank’s concerns about macro-economic stability, the official said the “government’s response is not to ban cryptocurrencies but rather to provide cryptocurrency via the RBI.”

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Top stocks in focus: Sharika Enterprises, Welspun Corp, Salasar Techno Engineering, Bhageria Industries, Hero MotoCorp

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

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Visa complains to US govt over India’s backing for RuPay

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Singapore crypto bourse enters India despite pending curbs

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Loss due to conservative accounting: Paytm

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Accor re-hires third of 1,500 laid off employees

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Jio joins Voda Idea & Airtel in raising tariffs

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Credit card co Slice 41st unicorn in ’21, raises $220mn

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Non-transparent economies dangerous to work with: Piyush Goyal

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Data breach: ‘Make independent and non-executive directors liable

Independent directors and non-executive directors on board a top social media, internet or electronics hardware company should also face legal and criminal proceedings for willful offences around data violations and in cases of complicity or negligence, the parliamentary panel on personal data protection (PDP) has said.

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Omicron protocol: RT-PCR must for all arrivals from at risk countries starting Dec 1

All international passengers, except those under five years of age, flying into India from Covid at risk countries will have to undergo RT-PCR testing on arrival starting 12.01 am (IST) on December 1, 2021. This will include those transiting from these places too. Those testing negative will need to be home quarantined for seven days and then re-test on the eighth day. If negative, then they will need to monitor their health for seven days.

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Himanta Biswa Sarma launches Assam Micro Finance Incentive and Relief Scheme 2021

Assam chief minister Himanta Biswa Sarma said that the state government has been able to fulfill its election promise of microfinance loan relief within six months

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Sri Lankan Finance Minister to visit India seeking support amid major economic & debt crisis

The Lankan Finance Minister’s visit is meant to not only secure loans but also seek wider cooperation on a range of other matters, including investment, trade and tourism.

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Two IPOs to hit market next week to raise Rs 7,868 crore

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