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Market sentiments get a boost after IMF raises GDP target

Oct 11, 2023

New Delhi, Oct 11 (IANS) Market sentiments were buoyed after the International Monetary Fund (IMF) raised India's FY24 GDP growth forecast to 6.3 per cent from 6.1 per cent, and strong quarterly business updates coming from several corporates, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.At close on Wednesday,…

Bank of Baroda plans to raise Rs 10,000 cr through bonds

Oct 11, 2023

Mumbai, Oct 11 (IANS) The Bank of Baroda board of directors on Wednesday approved a proposal to raise up to Rs 10,000 crore through long-term bonds for financing infrastructure and affordable housing.“The board of directors in its meeting…

Business

Investors’ meet in B’luru successful, says Bihar govt

Oct 11, 2023

Bengaluru, Oct 11 (IANS) The Government of Bihar marked a significant milestone with the successful organisation of 'Bihar Business Connect', Investors Summit in Bengaluru, an official statement from the Bihar Government stated on…

Business

Equity mutual funds record significant net inflows in Sep

Oct 11, 2023

New Delhi, Oct 11 (IANS) In September, the equity markets experienced a notable shift towards a risk-off sentiment, following the all-time high of 20,200 points. Despite this shift, equity mutual funds continued to exhibit resilience,…

Business

Tech honchos condemn Hamas attack on Israel, pledge employees’ security

Oct 11, 2023

New Delhi, Oct 11 (IANS) Tech giants like Google, Microsoft, Amazon, and others that have offices in Israel, employing thousands of workers, have condemned the unprecedented Hamas attack on Israel and promised the safety of their employees…

Business

Unifor, GM reach tentative agreement ending brief strike in Canada

Oct 11, 2023

Ottawa, Oct 11 (IANS) Unifor, Canada's largest union in the private sector, and General Motors (GM) have reached a tentative agreement following a brief strike at the automaker's facilities in the country.According to Unifor, the strike…

Business

Cabinet likely to amend MMDR Act to introduce royalty rates for lithium, rare earth minerals

Oct 11, 2023

New Delhi, October 11 (IANS) The Central government is likely to amend the Mines and Minerals (Development and Regulation) Act, to fix royalty rates for lithium, niobium and rare earth minerals.According to sources, the Union Cabinet is…

Business

Luxury goods witnessing strong demand, basic demand hit due to high inflation

Oct 11, 2023

New Delhi, Oct 11 (IANS) Domestic economy is witnessing a clear demarcation with premium and luxury goods witnessing strong demand, while basic demand being hit due to high inflation, says Amnish Aggarwal, the head of research at Prabhudas…

Business

RBI ban on onboarding customers via app can affect growth trajectory of Bank of Baroda

Oct 11, 2023

New Delhi, Oct 11 (IANS) RBI’s ban on onboarding customers via BOB World can affect the growth trajectory of Bank of Baroda in the retail product segments over the near term, analysts said.The RBI has directed Bank of Baroda (BOB) to…

Business

Wipro leads Sensex rally

Oct 11, 2023

New Delhi, Oct 11 (IANS) BSE Sensex was up 402 points at 66,481 on Wednesday, and Wipro was up more than 3.5 per cent.The fact that Nifty is just 2.5 per cent away from the all-time high indicates the strength and resilience of the market,…

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