Commodity Mantra Morning Update: Gold, Oil fall, while base metals trade mixed

Here is the global trend and our view on Commodities

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Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on November 26, 2019 is as under: Amount (Face Value in ₹ Crore) Items Overnight Reverse Repo Auction 4.90% Fixed Rate 1. Bids received   (i) Number 54 (ii) Amount 14,021 2. Bids accepted   (i) Number 54 (ii) Amount 14,021 Ajit Prasad Director   Press Release: 2019-2020/1275

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Tata Communications appoints Amur S Lakshminarayanan as MD & CEO

Lakshmi has over 35 years of experience in a broad range of leadership roles across regions and industries.

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HCL Tech fixes Dec 7 as record date for bonus issue

The company raised its full-year revenue forecast to a growth of 15-17% in CC vs. 14-16% earlier.

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Tighter CAFE norms to electrify govt’s EV push

CAFE is the average fuel efficiency of all vehicles produced by a manufacturer in a given period, taking into consideration the sales volume of each model. The government expects that a strict CAFE target will provide incentives to auto makers to produce and sell more EVs, to improve their average fuel efficiency.

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Grasim Board approves draft scheme of amalgamation of ABSL and ABReL

Board approved the draft scheme of amalgamation between Aditya Birla Solar and Aditya Birla Renewables.

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RITES sold 10% equity in the co. via offer for sale issues

The company said in the press note on Tuesday after market hours that, "the government undertook Offer for Sale (OFS) for 10% of paid-up equity in RITES Limited on November 22-25.

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SGX Nifty indicates a flat opening for Indian markets

For today, expect more volatility as we head into the highest ever expiry of derivative contracts tomorrow.

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BPO firms left in the lurch over input tax refund

The Maharashtra Appellate Authority for Advance Ruling (AAAR) had held in a ruling in February that back-office support services did not qualify as “export of service” and were in the nature of arranging or facilitating supply of goods or services between overseas companies and customers. It said these services fell in category of intermediary services and were liable to GST.

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