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Non-financial services sector takes a Covid hit

Non-financial services sector takes a Covid hit

More than 200 leading senior representatives from organisations operating in the non-financial services domain in the country participated in the Protiviti India's Business Resilience Barometer survey. The survey, however, noted strong revival initiatives amidst fall in revenue and business disruptions.

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June retail inflation picks up to 6.09% y/y

June retail inflation picks up to 6.09% y/y

Food inflation in June increased by 7.87 per cent, according to Consumer Price Index (CPI) data. The government had suspended the release of inflation headline numbers for April and May due to inadequate data collection during two-months long lockdown.

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Inside Google's new India blueprint

Inside Google's new India blueprint

This is a clear sign of the internet giant's intent to up its India game by several notches. The main objective appears to be getting a firm grip on India's digital space. Google sees a huge opportunity in Digital India and is excited by it, Pichai said.

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RIL 1st online AGM to feature Chatbot

RIL 1st online AGM to feature Chatbot

Reliance had so far held all in its annual general meeting (AGM) physically with shareholders outside Mumbai could never attend the annual event. They can now simply log into the event live, can listen to the plans and initiatives and comment and participate too, company sources said.

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China hits back in response to Xinjiang ban

China hits back in response to Xinjiang ban

Foreign Ministry spokesperson Hua Chunying told the media here that the behaviour of the US officials and politicians, and visa ban on some Chinese officials from Uyghur Muslim dominated Xinjiang province "severely damaged China-US relations," and should be condemned.

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Ola Electric's CBO Sanjay Bhan quits

Ola Electric's CBO Sanjay Bhan quits

Sanjay Bhan’s departure comes as a huge setback to India’s most valuable electric-vehicle startup since he was entrusted with the challenging task of onboarding dealer partners in 2020 as Ola Electric readies for a big-bang launch of its commercial operations next year.

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Google should use AI in agri, health: Prasad

Google should use AI in agri, health: Prasad

Today, India's app economy is growing very powerfully, but we must not just download apps. It is important also to upload apps from India. I am sure with this new fund, Google will also focus on promoting our startups further,” he said.

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Pandemic is weaving a new clothing line

Pandemic is weaving a new clothing line

Leading formal wear fashion brands are coming up with new clothing lines that focus on “comfort” and “functionality”, prompted by the Covid-led changes in consumer need.

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Mideast loses $270 bn oil income amid virus

Mideast loses $270 bn oil income amid virus

The international lender expects an overall economic contraction of 7.3% in Mideast oil exporting countries this year due to hits from the coronavirus outbreak and oil market turmoil. The contraction is 2% greater than the IMF's initial projections in mid-April.

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Rlys to be net-zero carbon emitter by 2030

Rlys to be net-zero carbon emitter by 2030

"Indian Railways has also taken a number of initiatives to promote solar energy. Indian Railways is working to harness the potential of 500 Mega Watt (MW) energy through roof top solar panels (Developer model)," the statement said.

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ITC Hotels declare partnership with Zomato

ITC Hotels declare partnership with Zomato

The hotel chain said Zomato, as an online aggregator, will not only enable ‘contactless’ deliveries on all pre-paid orders, but will also provide customers the option of takeaway menus via this platform. ITC Hotels said the association with Zomato strengthens its pan India distribution footprint for home delivery and takeaway.

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Suzuki India rolls out its 5 millionth bike

Suzuki India rolls out its 5 millionth bike

The milestone comes close on the heels of the company registering 5.7 per cent growth in 2019-20 over 2018-19. The company sells a range of scooters and motorycles in India, including its bestselling 125cc scooter – Suzuki Access 125; motorcycle GIXXER 250 and 150 series, Intruder and Burgman Street, among others.

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Britain set to ban Huawei from 5G

Britain set to ban Huawei from 5G

It is unclear how far Johnson will go on Tuesday. Operators already had to cap Huawei's role in 5G at 35% by 2023. Reducing it to zero over an additional two to fours years is now being discussed, although some telecoms firms have warned that going too fast could delay key technology and disrupt services.

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UK's new points-based immigration system

UK's new points-based immigration system

Additional visa schemes have also been announced, including: - A Health and Care Visa for key health professionals, providing faster and cheaper processing.

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Voda Idea moves TDSAT against Trai

Voda Idea moves TDSAT against Trai

The telecom JV between UK’s Vodafone Group Plc and India’s Aditya Birla Group, is learnt to be unhappy over the hasty manner in which the authority had acted over the weekend, without giving VIL an opportunity to respond on an important matter such as tariff.

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The two main risks to global recovery

The two main risks to global recovery

Job is a major concern for many, with more than 30% feeling less secure in their job than a month ago, while around half of survey respondents are still cutting back on non-essential expenditure. Americans would be around three times more like to save rather than spend an unexpected cash windfall, rising to more than four times in the U.K.

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Diesel crosses Rs 81/litre in Delhi

Diesel crosses Rs 81/litre in Delhi

Since June 7 when the current cycle of price increases started, diesel prices have increased by Rs 11.66 per litre, or 17%, in the country while petrol prices have risen by Rs 9.17 per litre, or 13%. In the same period, the rates of diesel and petrol in the international market, have risen by 12% and 4%, respectively.

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MG Motor India launches Hector Plus

MG Motor India launches Hector Plus

Hector Plus will be available in both petrol and diesel fuel options. The prices, however, are introductory and valid till August 13, 2020. Customers who book the vehicle post that will have to shell out an additional Rs 50000.

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CA's May examination cancelled: ICAI

CA's May examination cancelled: ICAI

The counsel appearing for ICAI told a bench headed by Justice A M Khanwilkar that now the May cycle examination will be merged with the November 2020 cycle of the CA exam.

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Non-Personal data draft: Govt invites views

Non-Personal data draft: Govt invites views

"The Expert Committee on Non-Personal Data Governance Framework seeks feedback on the report. The feedback will help the committee finalise its report," the consultation floated on MyGov said.

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Tech Mahindra brings back 210 employees

Tech Mahindra brings back 210 employees

A special chartered flight from Dallas/Fort Worth International Airport took off on July 13 to bring the employees back and will land in Hyderabad on Tuesday. This comes a week after Infosys similarly chartered a flight to bring back 76 employees and their families from the US.

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Google tax: India downplays reprisal fears

Google tax: India downplays reprisal fears

The issue was discussed last week during an interaction with USTR Robert Lightheizer as American authorities had flagged their concerns soon after the levy in its expanded form kicked in earlier this year, sources toldTOI. In fact, the US had sought to link the equalisation levy to the limited trade deal, which has been in the works for a year now.

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No Covid firings at Wipro: Rishad Premji

No Covid firings at Wipro: Rishad Premji

Premji, who took charge in July last year, was addressing his first annual general meeting (AGM) as the Chairman of Wipro. Wipro, like other Indian IT services companies, have reduced new hiring in the wake of the pandemic induced slowdown across geographies. “Safety and well-being of our employees are of paramount importance,” Premji told shareholders.

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A fleet of spacecraft on the way to Mars

A fleet of spacecraft on the way to Mars

Three countries — the United States, China and the United Arab Emirates — are sending unmanned spacecraft to the red planet in quick succession beginning this week, in the most sweeping effort yet to seek signs of ancient microscopic life while scouting out the place for future astronauts.

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Niti outlines ways to achieve higher growth

Niti outlines ways to achieve higher growth

“The ways and means for this additional financing needs to be identified. At the same time, it is crucial to make sure that the budget allocations align with SDG priorities,” the Aayog said.

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Glenmark cuts Covid drug price of by 27%

Glenmark cuts Covid drug price of by 27%

In a regulatory filing Glenmark announced a price reduction of 27 per cent for FabiFlu. The new maximum retail price (MRP) is Rs 75 per tab, Glenmark said.

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480 students brought back from Russia

480 students brought back from Russia

The students, who returned by the Royal Flight from Russia on Monday, included 470 from Maharashtra, four from the Union Territory of Dadra and Nagar Haveli, four from Madhya Pradesh and two from Goa.

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Don’t buy shares just to trade

Don’t buy shares just to trade

Equity investing is the act of buying the shares of publicly listed companies, so that one can benefit from the growth and profitability of the firm, which is reflected in its share prices. Equity investing cannot be equated with reckless trading.

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Visa, security pact to top India-US talks

Visa, security pact to top India-US talks

The two issues are on the agenda for a meeting between commerce and industry minister Piyush Goyal and American commerce secretary Wilbur Ross, in addition to New Delhi’s demand to acknowledge that there is no use of child labour in the manufacture of leather, footwear and other goods so that these products can be purchased by the US Army and other government entities.

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Taiwan to enhance checks on HK money

Taiwan to enhance checks on HK money

Taiwan, claimed by China as its own, has traditionally treated investment from Chinese-run and supposedly autonomous Hong Kong and Macau as foreign investment, without the same controls and limits it has on money coming from mainland China.

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Cos place over 200 top execs in 3 months

Cos place over 200 top execs in 3 months

Given the anecdotal evidence of large companies announcing appointments of CXOs/CEOs, substantiated with what executive search firms have told TOI, leadership hiring hasn’t stopped at all. Several senior executives and leaders have been hired by leading groups like RPG Enterprises and Wipro.

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ePay cos chasing restaurant chains

ePay cos chasing restaurant chains

Paytm, Google Pay and PhonePe are upgrading their app interfaces to smoothen in-app order flows for restaurants already using their platforms, even as they court other chains to get with the times; the expansion drive comes from a belief that resumption of offline businesses, including dining, could be led by mandatory contactless services.

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Abhishek Bachchan shares health update

Abhishek Bachchan shares health update

The rest of the Bachchan-Nanda family including Jaya Bachchan have tested negative.

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Retailers roll out neighbourhood stores

Retailers roll out neighbourhood stores

Consumers can not only shop at these mobile stores in their neighbourhood but can go back to their homes for trials.

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TCS to hire 40,000 freshers

TCS to hire 40,000 freshers

In the US, apart from engineers, TCS has also been recruiting graduates from the top 10 B-schools. It’s hiring both freshers and experienced professionals for key business roles. “Local delivery is not new to us, we just had to increase the scale,” said Lakkad. TCS has hired more than 20,000 Americans since 2014.

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Basics of investing according to Buffett

Basics of investing according to Buffett

The key is NOT what other investors are paying for that asset, or what they were paying for it yesterday and what they will pay for it tomorrow. The logic of any investment is what it does, not what costs or may cost.

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'Tatas hid facts on deposits collection'

'Tatas hid facts on deposits collection'

Cyrus Investments, part of the Shapoorji Pallonji Group submitted in Supreme Court, “Tata Sons is a public company and not a dejure private limited company. Material facts related to collection of deposits from the public, withheld”.

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Foxconn to invest $1 bn in India: Sources

Foxconn to invest $1 bn in India: Sources

The move is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and Covid crisis.

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DSP Equity Opportunities MF: A worthy bet

DSP Equity Opportunities MF: A worthy bet

This fund has managed to cushion the downside better than peers in the past one year and delivered heathy outperfmance across time periods in the past. It also boasts among the better risk-return profile in its category.

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India's Covid-19 tally rises to 8,78,254

India's Covid-19 tally rises to 8,78,254

The number of recoveries stands at 5,53,470, while there are 3,01,609 active cases of coronavirus infection presently in the country and one person has migrated, the updated data at 8 am showed.

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Smartphones sales down in July

Smartphones sales down in July

Smartphone market trackers Counterpoint Research and International Data Corporation (IDC) said both offline and online channels are short of stocks for almost all brands and that the rollover impact of custom clearance delays which started in June will continue to impact sales throughout July.

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Just a third of SMBs eye Atmanirbhar scheme

Just a third of SMBs eye Atmanirbhar scheme

While uptake for long-term measures has been low, a larger number of SMBs are looking to benefit from the extension in deadlines for filing income tax and GST. 68% of SMBs were aware of at least one scheme under the initiative, but only 32% were considering availing of at least one of the benefits.

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PM, Pichai meet to push FDI agenda

PM, Pichai meet to push FDI agenda

Greater investment in infrastructure through adding more data centres in India and giving a major push to the app ecosystem were some of the steps Google could undertake in India. Sources told ET that the PM might have virtual meetings with global leaders in the days and weeks to come.

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Seasoned envoys to man India’s missions

Seasoned envoys to man India’s missions

Indo-Bangladesh ties have acquired a new dimension in the last few years and the ties are spread across power, connectivity, trade and defence. Similarly, Afghanistan, which may witness major changes in the coming months amid Pakistan’s attempts to make deeper inroads, required an officer with experience in dealing with the country.

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Russia finishes human trials for vaccine

Russia finishes human trials for vaccine

Chief researcher Elena Smolyarchuk, who heads the Center for Clinical Research on Medications at Sechenov University, told that the human trials for the vaccine have been completed at the university and they will be discharged soon.

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View: Economy and its new theorization

View: Economy and its new theorization

The W graphically illustrates a near perpendicular plummet prior to a slanted rise, then a similar drop, forming a hump, before zooming up again like one of those rockets that the good folk at Isro periodically dispatch skywards.

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Govt wants to record FASTag details

Govt wants to record FASTag details

The VAHAN system is now getting all information on FASTags through VIN/VRN (vehicle identification number/ vehicle registration number. FASTag employs radio frequency identification (RFID) technology for making toll payments on national highways directly from the prepaid or savings account linked to it.

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'Banks need to step up lending to biz'

'Banks need to step up lending to biz'

As India’s border dispute with China spills over to economic and business activities, Indian businesses should indigenise as they have acquired enormous capacity in the past decade, he said.

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FMCG sales in fast lane in rural areas

FMCG sales in fast lane in rural areas

The firms have started to offer these items in value packs and are also expanding their network in rural and semi-urban markets. "Rural has been growing much ahead of urban and it's actually performing better than the pre-COVID days," Godrej Consumer Products (GCPL) CEO India and SAARC Sunil Kataria said.

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India's urgent need for clean energy

India's urgent need for clean energy

But data from the last 12 months clearly indicate green power, along with storage, options is all that, and more. In fact, it’s cheaper than any form of fossil fuel to deliver any form of energy, peak power or round the clock.

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