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Sunday, October 31, 2021

As COP26 targets coal, Asia builds hundreds of power plants to burn it

Coal use is one of the many issues dividing industrialised and developing countries as they seek to tackle climate change.

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Uptrend likely to resume in Jubilant Foods, VIP Inds, says Vaishali Parekh

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

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MARKETS: Indices eye firm start; Policybazaar, 2 other IPOs to open today

Stock market LIVE: While Sigachi and SJS Enterprises' IPOs will open today, Nykaa's issue will close and Fino Payments Bank's PO will enter its second day today

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High taxes hampering growth of luxury car segment in India: Audi

A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to automaker Audi

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Algo Rhythm: Skilled scammers pose new security challenges

Many commodities that can be purchased in the dark markets are inexpensive, making attacks cheaper and easier to conduct

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PM Modi arrives in Glasgow for COP26 summit, bilateral talks with Johnson

India's focus at the COP26 Summit will be on the country's "ambitious" NDC goals for the post-2020 period under the Paris Agreement

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G20 agrees on 1.5 degrees Celsius target, but leaves COP26 with a lot to do

No mention of 2050 as deadline; leaders agree to end finance support for dirty coal plants by December-end

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On 75th anniversary, call for Amul to help other cooperative sectors

The co-operative model will prove crucial in making agriculture 'atmanirbhar', said Amit Shah

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Zydus Cadila testing a multi-variant Covid-19 vaccine on animals

Mixing multiple strains to get what is called a multi-variant vaccine may be a way to get better immunity, scientists feel

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Zydus Cadila testing a multi-variant Covid-19 vaccine on animals

Mixing multiple strains to get what is called a multi-variant vaccine may be a way to get better immunity, scientists feel

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PM Modi holds extensive deliberations on bilateral relations with Merkel

Prime Minister Narendra Modi on Sunday met German Chancellor Angela Merkel on the sidelines of the G20 Summit and the two leaders held extensive deliberations on the strong bilateral relations

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Beauty platform Purplle plans to go for IPO in about 4 years from now

E-commerce firm Purplle, which deals in beauty and personal care products, is planning to go for an IPO in 3-4 years after scaling up business with a target growth of around 80 per cent year-on-year.

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Prudent Corporate Advisory Services plans to float IPO in November

Retail wealth management firm Prudent Corporate Advisory Services is planning to launch its IPO in the second half of November that will see private equity firm TA Associates making partial exit.

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Rise in copper import in recent times great concern for govt: V K Saraswat

India was a net exporter of copper for close to two decades before the closure of Sterlite Copper plant at Tuticorin, Tamil Nadu in May 2018.

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Fuel prices hiked for 4th straight day; petrol crosses Rs 120 mark in MP

Prices differ from state to state, depending on the incidence of local taxes and cost of transportation.

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Insurance companies apply big in Policy Bazaar's Rs 5,600 crore IPO

A total of 26.2 million shares have been allocated to over 150 funds at Rs 980 per share

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Centre proposes new rules to push green energy use in industries

The announcement comes just days after India rejected calls to announce a net zero carbon emissions target

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Centre invites applications for Sebi chair post to succeed Ajay Tyagi

Chairman Ajay Tyagi's tenure ends on Feb 28

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On 75th anniversary, call for Amul to help other cooperative sectors

The co-operative model will prove crucial in making agriculture 'atmanirbhar', said Amit Shah

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G20 agrees to strengthen WHO on EUAs for Covid jabs: Piyush Goyal

Prime Minister Modi had told G20 leaders on Saturday that India is ready to produce over 5 billion Covid vaccine doses by the end of next year to help the world in the fight against the pandemic

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Zydus Cadila testing a multi-variant Covid-19 vaccine on animals

Mixing multiple strains to get what is called a multi-variant vaccine may be a way to get better immunity, scientists feel

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Low Covid vax coverage: PM to hold meeting with DMs of over 40 districts

Prime Minister Narendra Modi will hold a review meeting on November 3 with district magistrates of over 40 districts having low Covid-19 vaccination coverage, the PMO said on Sunday.

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Zydus to knock Covid vax price to Rs 265 a dose, decision soon: Sources

Zydus Cadila has agreed to bring down the price of its Covid vaccine to Rs 265 a dose following persistent negotiations by the government but a final deal is yet to be reached, sources said on Sunday.

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DLF to launch projects in medium term with sales of about Rs 40,000 crore

Bullish on demand DLF Ltd has identified a robust pipeline of new projects and will launch 35 million square feet area in medium term with a sales potential of around Rs 40,000 crore

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Jewellers expecting strong demand during Dhanteras on softer gold prices

With jewellery market already on robust recovery path, jewellers are expecting strong Diwali sales in Dhanteras as festive mood remains high with low Covid third wave possibility, softer gold price.

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PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

Customers of stressed Punjab & Maharashtra Co-Operative Bank will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process.

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After 20 days of anti-terror operation, authorities open Poonch Highway

Police said farmers have been advised to report any suspicious movement they might see in the area.

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NTPC places order for 9.3 lakh tonne biomass pellets for co-firing

State-owned power giant NTPC has placed an order of 9,30,000 tonnes of biomass pellets for co-firing in power plants that will help improve air quality, said the power ministry. Besides, Haryana, Punjab and Uttar Pradesh are procuring 13,01,000 tonnes of biomass pellets for co-firing in their power plants, the power ministry said in a statement issued on Sunday. Power Secretary Alok Kumar had taken review meeting on the status of biomass co-firing in the thermal power plants on October 28. The meeting was attended by Central Electricity Authority, NTPC CMD, representatives from Punjab, Haryana and UP, mission director of the National Bio Mission, and senior officials of the power ministry. It emerged in the meeting that as a result of various actions taken by the power ministry, initiatives for procurement of biomass have been taken up by NTPC and different states, it stated. NTPC placed an order for 8,65,000 tonnes of biomass pellets, for which supply is already in progress. Fur

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DLF to launch projects in medium term with sales of about Rs 40,000 crore

Bullish on demand DLF Ltd has identified a robust pipeline of new projects and will launch 35 million square feet area in medium term with a sales potential of around Rs 40,000 crore

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Five IPOs to hit mkt in first half of Nov; seek to raise over Rs 27,000 cr

After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent and PolicyBazaar parent lining up IPOs in Nov to raise over Rs 27,000 crore collectively

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Saudi Aramco sees third-quarter income rise to $30.4 bn on oil price surge

CEO Amin Nasser describes the company's third-quarter results as "exceptional.

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Govt's excise collection on petro products 79% more than pre-Covid levels

The govt's collection from levy of excise duty on petroleum products has risen 33% in the first six months of the current fiscal when compared with last year and is 79% more than pre-Covid levels

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Market cap of nine most valued firms falls by over Rs 2.48 lakh trillion

ICICI Bank is the only firm among market leaders to improve valuation last week; Reliance continues as India's most valued company.

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Saturday, October 30, 2021

Market cap of nine most valued firms falls by over Rs 2.48 lakh trillion

ICICI Bank is the only firm among market leaders to improve valuation last week; Reliance continues as India's most valued company.

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Petrol, diesel prices rise after fifth consecutive hike, petrol at Rs109.34

With a hike of 35 paise a litre, the price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre. The price of diesel also saw a hike by 35 paise and took the fuel's rate to Rs 98.07

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Two thirds of China's top developers breach state's 'red line' on debt

Developers are facing rising financial stress as stricter rules around borrowing and a deleveraging campaign weigh on the sector.

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World is a family: RSS welcomes Modi's meeting with Pope Francis in Rome

Rashtriya Swayamsevak Sangh (RSS) general secretary Dattatreya Hosabale on Saturday welcomed the meeting of Prime Minister Narendra Modi with Pope Francis in the Vatican.

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Dengue, chikungunya, malaria notifiable under Epidemic Diseases Act

The notification makes it compulsory for all hospitals to provide information to the government about any such case that they receive.

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China factory activity contracts for second month as input woes continue

The official manufacturing Purchasing Manager's Index (PMI) was at 49.2 in October, down from 49.6 in September.

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G-20 endorses global corporate minimum tax: What it means for business

It aims to deter multinationals from stashing profits in countries where they pay little or no taxes--commonly known as tax havens.

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Detector advance could lead to cheaper, easier medical scans

Researchers have demonstrated the first experimental cross-sectional medical image that doesn't require tomography, a mathematical process used to reconstruct images in CT and PET scans. The work could lead to cheaper, easier and more accurate medical imaging.

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Live news updates: G20 leaders start summit, climate deal on the balance

Live news updates: Virat Kohli stands up for Mohammed Shami against 'spineless trolls'; two soldiers die in explosion at Kashmir border.

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WHO must approve India's vaccines 'at the earliest': Modi at G20 meeting

Country can produce more than 5 billion doses for the world next year to contain the coronavirus, he says.

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As economy settles in, Shaktikanta Das has 6 challenges in second term

The central bank will have to revive credit growth, drain liquidity and keep inflation on hold: that's just the beginning of his tasks.

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Friday, October 29, 2021

Afghan situation couldn't be seen in isolation, says PM Modi in Italy

The Prime Minister was quite categoric that the situation in Afghanistan could not be seen in isolation, he said

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FDA paves way for Pfizer Covid-19 vaccinations in young kids

A few countries have begun using other COVID-19 vaccines in children under 12, including China, which just began vaccinations for 3-year-olds

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71% MGNREGA wages not paid on time, 14% delayed beyond 30 days, study shows

The study done on 1.8 mn transactions between April and September, by LibTech India and the People's Action for Employment Guarantee (PAEG)

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Credit growth gets festival boost in Sept led by retail, industry, agri

Growth in credit to the services sector decelerated to 0.8 per cent in September 2021 from 9.2 per cent in September 2020

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JSW Energy net profit falls 3.7% to Rs 339 crore in Sept quarter

The total revenue during July-September 2021 increased 12 per cent year-on-year

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Embassy REIT second quarter operating income up 30% at Rs 624 cr

Embassy REIT gave on lease 7.13 lakh square feet of office space during the second quarter of the current financial year

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Evergrande makes coupon payment before Friday deadline: Report

Evergrande, once China's top-selling developer, is reeling under more than $300 billion in liabilities

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Labour Min hikes minimum wages for central sphere workers from Oct 1

The average CPI-IW for the months of January to June, 2021 was used for undertaking the latest VDA revision

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JioPhone Next priced at Rs 6,499 to hit stores this Diwali: Details here

The phone will be available for purchase on Jio Mart's digital network of 30,000 partners across the country

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High availability of fast-food restaurants across all US neighborhood types linked to higher rates of type 2 diabetes

A new nationwide study suggests that living in neighborhoods with higher availability of fast-food outlets across all regions of the United States is associated with higher subsequent risk of developing type 2 diabetes.

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JioPhone Next priced at Rs 6,499 to hit stores this Diwali: Details here

The phone will be available for purchase on Jio Mart's digital network of 30,000 partners across the country

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Policybazaar raises Rs 2,569 cr from anchor investors at Rs 980 per share

33.5% of the total allocation to anchor investors was made to 18 domestic mutual funds through 69 mutual fund schemes

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Policybazaar raises Rs 2,569 cr from anchor investors at Rs 980 per share

33.5% of the total allocation to anchor investors was made to 18 domestic mutual funds through 69 mutual fund schemes

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GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore

The company had reported a net profit of Rs 76.47 crore in the same period of the previous fiscal

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Reliance Jio won't opt for 4-year payment moratorium: Sources

The move comes even as its rivals Bharti Airtel and Vodafone Idea have said they will avail the four-year moratorium on payment of dues

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Castrol India Q3 net profit surges over three-folds to Rs 569 crore

The company had reported a net profit of Rs 185.9 crore in the July-September quarter of previous fiscal

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Nazara Technologies Q2 net profit rises 9.8% to Rs 14.5 crore

Its revenue during reported quarter jumped 17.8 per cent to Rs 129.6 crore, compared with Rs 110 crore in the year-ago period

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Adani Transmission net up 35% to Rs 289 crore in September quarter

Total income stood at Rs 2,675.20 crore in the quarter as against Rs 2,306.45 crore in the year-ago period

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Adani Group buys minority stake in online travel aggregator Cleartrip

The deal is expected to close in November, subject to customary closing conditions

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Dixon Technologies Q2 profit up 19.6% to Rs 63 crore; revenue up 71%

Total expenses were at Rs 2,724.50 crore, up 73.84 per cent from Rs 1,567.18 crore earlier

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Govt, tech industry partner to launch FutureSkills Prime platform

India's demand for Digital Talent jobs is currently 8x larger than the available talent pool and is expected to rise to 20x by 2024

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Thursday, October 28, 2021

New research casts doubt on claims that people have ‘rose-tinted glasses’

New research casts doubt on claims that people have 'rose-tinted glasses' and findings suggest governments should re-examine their use of 'optimism bias' in large-scale projects.

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Vastu Housing Finance raises $200 million from a consortium of investors

With this investment, Vastu will further scale operations in existing locations, explore new markets and invest in next-generation technology platforms

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Mark Zuckerberg changes Facebook's name to Meta, announces Metaverse plan

The company said the change would bring together its different apps and technologies under one new brand.

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Feedback, goal-setting improve attention

For individuals to sustain their attention on a task over a long period of time, goal-setting is effective but receiving feedback produces a much stronger effect, according to a new study.

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Cleveland Clinic study links gut microbiome and aggressive prostate cancer

Researchers have shown for the first time that diet-associated molecules in the gut are associated with aggressive prostate cancer, suggesting dietary interventions may help reduce risk. While more research will be necessary, the study's lead author says findings from the team's analysis of nearly 700 patients may have clinical implications for diagnosing and preventing lethal prostate cancer.

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Best water treading technique to prevent drowning

Unless you're a water-polo player, the 'egg-beater' technique may mean little to you. But new research has found it may be the most effective skill you can learn to prevent drowning.

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JK Tyre profit falls 41% in September quarter on back of rising input costs

Revenue from operations rose 31 per cent to Rs 2,986.66 crore year-on-year

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Karnataka Bank's net profit up 5% at Rs 126 crore in September qtr

Private sector Karnataka Bank on Thursday reported a moderate rise of 5.17 per cent in its net profit at Rs 125.61 crore in the second quarter ended September 2021.

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Mahindra Finance Q2 net jumps over three-fold to Rs 1,103 crore

Mahindra & Mahindra Financial Services (Mahindra Finance) on Thursday reported an over three-fold rise in consolidated net profit at Rs 1,103 crore for the September quarter, boosted by healthy operating performance and reversal of impairment cost. The company had posted a net profit of Rs 353 crore in the corresponding quarter of last year. Total income declined by 4 per cent to Rs 2,951 crore during the quarter ended September 30, 2021, as against Rs 3,071 crore in the year-ago period, Mahindra Finance said in a release. "Healthy operating performance together with reversal of impairment cost led to a significant sequential recovery in profits after tax which stood at Rs 1,023 crore during the quarter as against PAT of Rs 304 crore during the corresponding quarter last year," it said. Standalone income was down by 5 per cent at Rs 2,522 crore. The gross NPA showed smart recovery from 15.5 per cent in June to 12.7 per cent in September, thereby releasing Rs 1,002 crore from the .

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Reliance Jio pays Rs 10,792-crore spectrum dues to DoT

Bharti Airtel has already decided to opt for a four-year moratorium on spectrum and adjusted gross revenue dues payable to the government

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Telecom gear maker Nokia's sales in India fall 6% in September quarter

Telecom gear maker Nokia on Thursday posted a six per cent decline in sales in India at 251 million euros in the third quarter of 2021.

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These hips don’t lie: 3D imaging of a pelvis suggests social care for saber-tooths

A new study reveals saber-toothed cats suffered from hip dysplasia, an affliction common in pet cats and dogs, and points to supportive social structures for Smilodon.

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Nurses as parents exemplify link between poor sleep and daily stress

A new article details how nurses who also are parents might be more susceptible than other groups to daily stress aggravated by poor sleep.

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How two people controlled HIV after stopping treatment

Research has identified two distinct ways that people with HIV can control the virus for an extended period after stopping antiretroviral therapy (ART) under medical supervision. This information could inform efforts to develop new tools to help people with HIV put the virus into remission without taking lifelong medication, which can have long-term side-effects.

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Engineers devise a way to selectively turn on RNA therapies in human cells

Researchers have designed a way to selectively turn on gene expression in target cells, including human cells. Their technology can detect specific mRNA sequences, which triggers production of a specific protein.

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Long-lived proteins in mitochondria of brain stabilize protein complexes

Scientists have taken a closer look at how mitochondria are maintained in nondividing cells, such as neurons, with the ultimate goal of developing a better understanding of how to prevent or treat age-related diseases.

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Airtel Africa Q2 net profit more than doubles to $192 million

Airtel Africa profit after tax more than doubled to USD 192 million in the second quarter ended September 30, but concerns around COVID-19 remain

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RBL Bank Q2 net profit plummets 78% as asset quality slides

RBL Bank on Thursday reported a 78 per cent decline in its September quarter net profit at Rs 31 crore on a jump in asset quality issues but guided towards a better second half with better ratios.

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Bombay HC quashes cheating proceedings initiated against Amazon India head

The HC on Thursday quashed a criminal complaint and summons issued to Amazon India's head Amit Agarwal by a magistrate's court, following a complaint of cheating filed by a city-based lawyer

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Westlife Development reports narrowing of Q2 net loss at Rs 4 cr

Westlife Development Ltd owns Hardcastle Restaurants, the master franchisee of McDonald's restaurants for West and South India

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We trust India, Bharat Bio submitting data on EUL of Covaxin regularly: WHO

WHO official says the organisation is in touch with Bharat Biotech and has 'daily conversations' 'clarifying what additional data needs' to be submitted

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Wednesday, October 27, 2021

Clear Air India dues, buy tickets in cash: FinMin tells ministries

The government on Monday signed a share-purchase agreement with Tata Sons for the sale of the national carrier for Rs 18,000 crore

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Maruti Suzuki Q2 net profit skids 65% to Rs 475 cr as chip shortage hurts

MSIL Chairman R C Bhargava said at 80.4 per cent of net sales, material costs stood at an all-time high at the end of the September quarter

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I-T dept to help taxpayers with more info on their transactions, income

The fresh info to be uploaded in form 26AS includes remittances received from overseas, interest on income tax refund, dividend from mutual funds, purchase of MFs, among others

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I-T dept to help taxpayers with more info on their transactions, income

The fresh info to be uploaded in form 26AS includes remittances received from overseas, interest on income tax refund, dividend from mutual funds, purchase of MFs, among others

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China-Plus-One to push Indian textile exports to $65 bn by 2026: Study

Surge is likely to generate 7.5-10 million new jobs

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New computer modeling could boost drug discovery

Scientists have developed a computer-aided data tool that could improve treatment for a range of illnesses.

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Airtel garners over Rs 5,200 cr from first round of payment in rights issue

This implies that Airtel has raised an estimated Rs 5,243 crore from the initial tranche

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Adani Enterprises profit drops 55% to Rs 195 crore in Sept quarter

Adani Enterprises Ltd (AEL) on Wednesday reported a 55.3 per cent decline in consolidated profit at Rs 194.54 crore for the quarter ended September, hit by higher expenses

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Brain connectivity is lower in adults with PTSD or a history of sexual abuse

A study has found that adults with maltreatment-related posttraumatic stress disorder or a history of sexual abuse have lower brain connectivity in the attention systems known as the ventral and dorsal attention network. These networks enable us to shift attention from external events to a specific task. The team also found that oxytocin, a hormone associated with social affiliation as well as stress response, increases brain connectivity in those systems.

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Genetic risk of mental health conditions may influence where people choose to live, study suggests

Research on around 386,000 UK adults has found that a high genetic risk for schizophrenia and other mental health conditions, including bipolar disorder, anorexia and autism, is associated with living in and moving to urban areas. In contrast, people with low genetic risk of ADHD preferentially moved from rural/suburban environments to cities.

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File response by November 15, NCLT tells Dish TV

Yes Bank owns 26 per cent stake in Dish TV while the promoters Jawahar Goel and family own 6 per cent stake.

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Nykaa raises Rs 2,395.84 cr in anchor book allocation ahead of IPO

The beauty startup's Rs 5,300-crore IPO opens for subscription on Thursday

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Paytm parent firm to price IPO at Rs 18,300 crore, reveals RHP

Paytm's IPO will be the largest market debut in India yet. It increased its IPO issue size from the earlier Rs 16,600 crore due to increased investor demand

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Shriram City Union Finance Q2 net profit up 10% at Rs 302 crore

Shriram City Union Finance on Wednesday reported a 9.8 per cent increase in its consolidated net profit to Rs 302 crore in the second quarter ended September

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Potentially harmful industrial chemicals detected in US fast foods

Chicken nuggets, burritos and other popular items consumers buy from fast food outlets in the United States contain chemicals that are linked to a long list of serious health problems, according to a new study.

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The path from pollutants in food to a heightened allergic response

Exposure to the heavy metal cadmium is known to irritate the stomach and lungs or cause kidney disease, but new research links another health issue to inadvertently ingesting low doses of the pollutant: high activation of the antibodies that cause an allergic response.

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Reliance General Insurance Q2 net profit rises 18% to Rs 73 crore

Reliance General Insurance Company Ltd (RGI) on Wednesday reported an 18 per cent rise in net profit at Rs 73.34 crore for the quarter ended September 2021. The insurer had posted a net profit of Rs 62.19 crore in the same quarter a year ago. However, the profit was down sequentially from Rs 75.78 crore in the June 2021 quarter. Total income of the company rose to Rs 199.70 crore during July-September period of FY22, as against Rs 193.22 crore in the year-ago quarter, RGI said in a regulatory filing. Final dividend of Rs 0.04 per equity share for FY21 has been accounted for during the September 2021 quarter, it added. The company further said its board of directors during its meeting on Wednesday noted the resignation, dated September 14, 2021, of Mohan Khandekar as the company secretary and chief compliance officer. He will be serving his notice period, it added.

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Welspun India Q2 consolidated net profit up 7.2% at Rs 201.50 crore

Home textiles major Welspun India Ltd on Wednesday reported a 7.23 per cent rise in its consolidated net profit to Rs 201.50 crore for the second quarter ended September 30

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Poonawalla Fincorp consolidated net profit up 151% in Sept quarter

Its total income on consolidated basis fell to Rs 512.57 crore in Q2FY22 from Rs 602.64 crore in Q2FY21

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Maruti Suzuki Q2 net profit dives 65% to Rs 475 cr as chip shortage hurts

MSIL Chairman R C Bhargava said at 80.4 per cent of net sales, material costs stood at an all-time high at the end of the September quarter

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ITC consolidated PAT rises 10.09% to Rs 3,763.73 crore in September quarter

Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year.

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Tuesday, October 26, 2021

Covaxin approval: WHO seeks additional clarifications from Bharat Biotech

The technical advisory group will now meet on November 3 for a final assessment.

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Slow release of a drug, TT-10, improves heart attack recovery in a mouse model

A pharmaceutical product called TT-10, which spurs proliferation of heart muscle cells, was thought to offer promise to treat heart attacks. In a mouse heart-attack model several years ago, intraperitoneal injection of TT-10 at first promoted proliferation of heart muscle cells and showed declines in the size of the dead area of heart muscle. However, these early improvements were followed by worsened cardiac function at later time points. Now researchers show that a different delivery method, nanoparticle-mediated, slow-release of TT-10, enhances the potency and durability of TT-10 treatment for repair of heart muscle in the mouse heart-attack model.

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Machine learning predicts antibiotic resistance spread

Genes aren't only inherited through birth. Bacteria have the ability to pass genes to each other, or pick them up from their environment, through a process called horizonal gene transfer, which is a major culprit in the spread of antibiotic resistance.

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Specific molecular mechanism that controls the transition from acute to chronic pain

A new study reveals the specific molecular mechanism that controls the transition from acute to chronic pain, and identifies this mechanism as a critical target for disease-modifying medicines.

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Mechanism behind ineffective psoriasis drugs identified

Interleukin-12 -- a messenger molecule of immune cells -- was long considered to trigger the development of psoriasis. Now, researchers have shown that interleukin-12 does not actually cause the skin disease but protects against it. This also explains why common psoriasis drugs that block the messenger show insufficient treatment efficacy.

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Fighting multiple sclerosis with cold

In evolutionary biology, the 'Life History Theory,' first proposed in the 1950s, postulates that when the environment is favorable, the resources used by any organism are devoted for growth and reproduction. Conversely, in a hostile environment, resources are transferred to so-called maintenance programs, such as energy conservation and defense against external attacks. Scientists developed this idea to a specific field of medicine: the erroneous activation of the immune system that causes autoimmune diseases. By studying mice suffering from a model of multiple sclerosis, the research team succeeded in deciphering how exposure to cold pushed the organism to divert its resources from the immune system towards maintaining body heat.

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Gene therapy shows early promise as angelman syndrome treatment

Scientists have reported encouraging early tests of a gene therapy strategy against Angelman syndrome, a neurodevelopmental disorder that features poor muscle control and balance, hard-to-treat epilepsy, and intellectual disabilities.

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Bharti-backed OneWeb, Neom Tech form $200 mn JV for satellite network

The joint venture firm will see the deployment of OneWeb's Low Earth Orbit (LEO) satellite constellation to provide connectivity to enable Neom's ecosystem of cognitive technologies.

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Persistent Systems Q2 net profit jumps 58.6% to Rs 161.7 crore

Tech firm Persistent Systems on Tuesday reported a 58.6 per cent rise in consolidated net profit to Rs 161.7 crore for the September 2021 quarter. The company had registered a profit of Rs 101.9 crore in the year-ago period, it said in a statement. Revenue from operations increased 34.1 per cent to Rs 1,351.2 crore during the quarter under review as against Rs 1,007.7 crore a year ago, it added. In dollar terms, the company's revenue grew 34 per cent to USD 182.32 million during the quarter from USD 136.09 million in the same period last fiscal. We are delighted to share that Persistent ended the quarter on a record high note - once again delivering industry-leading performance, including year-over-year revenue growth of 34 per cent and continued margin improvement," Persistent Systems Chief Executive Officer and Executive Director Sandeep Kalra said. During the quarter, the company had announced the acquisition of Software Corporation International and Shree Partners, forming a n

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Axis Bank profit jumps 86% to Rs 3,133 crore in September quarter

Strong fee income, fall in provisions boost bottom line

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Zensar Technologies net profit rises 7.5% to Rs 94.4cr in Sep quarter

Zensar Technologies on Tuesday reported a 7.5 per cent rise in net profit to Rs 94.4 crore for the second quarter ended on September 30, 2021. It had posted a profit of Rs 87.8 crore in the year-ago period, Zensar Technologies said in a statement. The company's operating revenue rose 12.2 per cent to Rs 1,050.6 crore in the reported quarter from Rs 936.4 crore in the same period last fiscal, it added. "Q2FY22 has been one of our strongest quarters in the recent past, with revenues seeing a sequential quarter-on-quarter growth of 12.3 per cent on a constant currency basis. This performance is bolstered by broad-based growth across all geographies, service lines, and verticals," Zensar Technologies CEO and Managing Director Ajay S Bhutoria said. He added that different regions have posted strong performances, with new clients being added and incremental business being driven from existing clients. "We continue to build competency and scale in focus on strategic growth opportunities

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PVR Cinemas forays into cleaning and disinfection services business

The country's largest film exhibitor PVR Cinemas on Tuesday announced its foray into the customised cleaning and disinfecting services business under its newly-launched vertical V-Pristine.

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Common antidepressant should no longer be used to treat people with dementia

A drug used to treat agitation in people with dementia is no more effective than a placebo, and might even increase mortality, according to a new study. The research has shown that antidepressant mirtazapine offered no improvement in agitation for people with dementia -- and was possibly more likely to be associated with mortality than no intervention at all.

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Cell-free DNA identifies early signs of relapse in pediatric medulloblastoma

Findings show that cell-free DNA in cerebrospinal fluid can be used to detect measurable residual disease and identify patients at risk of relapse.

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Modeling cellular migration

A new model sheds light on the function of a protein that is a major player in cancer growth, and their results could one day help researchers determine better ways to stop the spread of cancer.

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It's not all-right: Problems when your body doesn't recognize your own left-handed RNA

By generating a specific mutation in lab mice, researchers determined that a protein domain in an enzyme called adenosine deaminase 1 p150 is necessary for binding and editing certain RNA molecules. Mutant mice showed inhibited growth after birth, as well as abnormally developed organs. Interestingly, their brains showed characteristics similar to encephalopathy seen in humans suffering from Aicardi-Goutières syndrome (AGS), a genetic inflammatory disorder. This work could help revolutionize treatment methods for AGS.

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CG Foods to acquire Gallina Blanca's Russia and CIS businesses

CG Foods, maker of popular noodles Wai Wai, on Tuesday said it has signed a deal to acquire the Russia and CIS businesses of Spain-based GBfoods. The financial details of the transaction were not disclosed. A binding agreement has been signed with GBfoods, said a statement from CG Foods, part of the Nepal-based CG Corp. "GBfoods' business in Russia/CIS, under Gallina Blanca brand, is expected to change its ownership from GBfoods to CG Foods, owned by CG Corp Global, within the coming weeks," the company said. The acquisition will help CG Foods to grow its foothold in Europe and Commonwealth of Independent States (CIS) regions as well as diversify into culinary products and pastas. "CG Foods will also leverage the existing distribution strength of GBfoods in Russia & CIS to grow its globally renowned noodle brand WAI WAI," it said. GBfoods has a presence in Western Europe, along with Russia and CIS, Baltics and around 30 countries in Africa. CG Corp Global Chairman Binod K ...

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ABB India net profit rises 40% to Rs 120 crore in September qtr

ABB India on Tuesday posted over 40 per cent jump in its net profit at Rs 120 crore for the September quarter, mainly on the back of higher revenues

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IRB Infrastructure eyes Rs 5,347 crore from GIC, Spain's Ferrovial

This is the largest fundraise by a road developer

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Dr Lal PathLabs Q2 net up 11% at Rs 96 cr; to acquire Suburban Diagnostics

Diagnostic services provider Dr Lal PathLabs on Tuesday posted a 10.6 per cent increase in its consolidated profit after tax (PAT) at Rs 96.3 crore for the second quarter ended September 30

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Tech major Cisco unveils new features for enriching Webex experience

Tech major Cisco on Tuesday announced the launch of Webex Hologram, along with new features like Webex interoperability with platforms like Zoom and Microsoft Teams

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Monday, October 25, 2021

Facebook forecasts Q4 revenue below estimates as Apple's privacy rules bite

The company expects fourth-quarter revenue to be in a range of $31.5 billion to $34 billion

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Gadkari bats for green hydrogen; says India needs to reduce oil imports

Batting for green hydrogen as a transport fuel, Union Minister Nitin Gadkari on Monday said there is a need to make India a country that will not be dependent on imports of petrol and diesel.

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Mumbai local train services to operate at pre-pandemic level from Oct 28

Central Railway and Western Railway will run suburban services in Mumbai at the 100 per cent capacity of the pre-pandemic level from October 28

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RP-Sanjiv Goenka Group, Irelia win bid for two new IPL T20 teams

A key reason for the IPL teams to be an attractive business proposition has been the huge increase in central revenues

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Potential new therapy for inflammatory arthritis

Researchers have made a discovery that could lead to new treatments for axial spondyloarthritis (SpA), a painful and debilitating form of arthritis which causes inflammation in the spine, joints, eyes, gut and skin.

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Scientists design nanoparticles that communicate with cancer cells

A multi-institutional research team has designed nanoparticles that can communicate with and slow the development of cancer cells. The work has uncovered a novel framework for the potential development of drug-free cancer therapies.

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Epilepsy research reveals unknown trigger for seizures

Epilepsy seizures can be triggered when a natural braking system meant to control brain activity goes awry, researchers found. The discovery could open the door to new treatments.

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Immunotherapy may benefit patients with cancer that has spread to tissues around the brain

Immunotherapy may benefit people with leptomeningeal carcinomatosis, a rare but serious complication of cancer that has spread to the brain and/or spinal cord. Treatment with immune checkpoint inhibitors caused notable changes in the characteristics of immune cells within the cerebrospinal fluid of patients. In a phase II clinical trial, treatment extended overall survival in patients compared with historical controls.

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PayPal says it is currently not pursuing Pinterest acquisition

Some analysts now think Pinterest could attract interest from other bidders down the road

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US to lift travel restrictions for incoming foreign nationals from Nov 8

The US will lift all travel restrictions for incoming non-citizen, non-immigrant travellers from November 8, with only limited exceptions

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NPPA fixes price caps for 12 anti-diabetic medicines

These include glimepiride tablet of strength 1 mg, with ceiling price at Rs 3.6 per tablet, while that for 2 mg is Rs 5.72 per tablet

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The revenge of supply

One underlying problem today is the intersection of labour shortages and Americans who are not even looking for jobs

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Bharti Airtel opts for four-year moratorium on payment of AGR dues

It is learnt that the letter of acceptance was sent by the company to the department of telecommunications (DoT) last week

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FM asks civil aviation ministry, DoT to expedite capital expenditure

Finance Minister Nirmala Sitharaman on Monday reviewed the progress of capital expenditure by the civil aviation ministry and the telecom department and asked them to expedite projects

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How diet affects tumors

Researchers analyzed ketogenic and calorically restricted diets in mice, revealing how those diets affect cancer cells and offering an explanation for why restricting calories may slow tumor growth.

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Glial cells crucial to maintaining healthy gut immunity

Researchers have uncovered a fundamental role of glial cells in the nervous system of the gut in maintaining a healthy intestine. These cells have been found to coordinate the immune responses of the gut following pathogen invasion and could be key targets when exploring new treatments for inflammatory bowel conditions.

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Biomarker discovery can lead to improved diagnosis and treatment of asthma and COPD

Researchers have discovered that people with asthma and chronic obstructive pulmonary disease have a protein in their lungs that leaks a small molecule into their bloodstream that restricts their breathing instead of relaxing their airways. The findings will help clinicians diagnose and determine the severity of chronic lung diseases and make bronchodilators more effective.

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AIG names new CFO with life and retirement unit split under way

Fitzsimons joined AIG in July 2019 and was most recently serving as the insurer's chief administrative officer

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Facebook forecasts Q4 revenue below estimates as Apple's privacy rules bite

The company expects fourth-quarter revenue to be in a range of $31.5 billion to $34 billion

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RP-Sanjiv Goenka Group, Irelia win bid for two new IPL T20 teams

A key reason for the IPL teams to be an attractive business proposition has been the huge increase in central revenues

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SBI, UCO Bank agree to invest Rs 450 crore in Amrapali projects, SC told

The Supreme Court on Monday was told that the SBI and the UCO Bank have agreed to invest Rs 450 crore in Amrapali projects, but other banks, who were part of a consortium, are delaying the process

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JioPhone Next smartphone will be powered by Pragati OS: Check details here

The smartphone, developed in partnership with Google, will be rolled out before Diwali after missing its September 10 launch due to global chip shortages

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Sunday, October 24, 2021

Pandemic will end when world chooses to end It, says WHO director-general

The coronavirus pandemic will come to an end when all the countries start using the available health tools effectively, the WHO chief said

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VEM Tech inks deal with Telangana for Rs 1,000 cr integrated defence unit

The integrated defence systems facility will come up at Yelgoi in Telangana and might create around 2,000 jobs over the next five years

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Stocks to Watch: RIL, HDFC AMC, ICRA, SRF, Tech Mahindra, Ceat, ICICI Bank

The markets are likely to react to Reliance and ICICI Bank results at the opening bell today

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Market Outlook: Nifty, Bank Nifty on divergent path; 2 stocks to short

Sameet Chavan of Angel Broking recommends shorting Titan and UBL as the counters look weak on the charts

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Vaishali Parekh recommends buying Axis Bank, Hindustan Oil Exploration

The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts

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Shiba Inu rises 50% to be 11th-biggest cryptocurrency coin by market value

SHIB, as it's known, was up 50 per cent in the 24 hours through 10:10 am New York time on Sunday, according to pricing from CoinGecko.com

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Govt may raise over Rs 10,000 cr via Bharat Bond ETF by December

Bharat Bond ETF is an exchange traded fund that invests in debt of public sector companies. The ETF currently invests only in 'AAA'-rated bonds of public sector companies.

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MARKET LIVE: Sensex, Nifty may start flat; Brent crude tops $86 per barrel

Stock market LIVE: In Monday's early trade, Brent crude was up 0.75 per cent at $86.17 per barrel

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Live news updates: Rain alert for Kerala, Modi to open UP medical colleges

Live news updates: Army commanders gather in Delhi Monday for a four-day meeting; Reliance Jio explains loss of 11 million subscribers.

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Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round

ICONIQ Growth leads $251-mn fundraise in start-up which has over 20 mn users

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China does not have any right in choosing next Dalai Lama: Monastery Head

The head said only the current Dalai Lama and the Tibetan people have the right to decide about the succession of the Tibetan spiritual leader and China has no role to play in the matter

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Amazon rapidly scaling up its e-payments, financial services in India

Amazon Pay UPI has recently added 5 crore customers in India.

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Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round

ICONIQ Growth leads $251-mn fundraise in start-up which has over 20 mn users

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BCCI to rake in Rs 5,000-7,000 crore from sale of two new IPL teams

Bid price for IPL's media and digital rights expected to double to Rs 32,694 crore in 2023

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COP26 meet: India, UK, Australia to launch new group IRIS

At COP26 meet, trio aims to create coalition for infrastructure that can withstand natural disasters in island nations

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Delhi sold power in October despite low generating limits, shows data

On October 20, Delhi sold 635 Mw on the day-ahead market

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Apple deleting in-app buy clause a welcome move: Digital start-ups

This comes as a major victory for the developer and start-up community who have been vocal against the restrictive and anti-competitive practices of the two big firms

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Honda Motorcycle all set to foray into electric vehicle segment next fiscal

Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial year, a top company official has said.

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Rent of retail space up 11-17% in Delhi's upscale mkts in July-Sep

Rentals of high-street retail are inching back to pre-Covid levels in Delhi-NCR

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Apple deleting in-app buy clause a welcome move: Digital start-ups

This comes as a major victory for the developer and start-up community who have been vocal against the restrictive and anti-competitive practices of the two big firms

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Valuation, Jio subscribers miss cap upsides for Reliance Industries

With low visibility in tariff hikes, strategic sale in oil-to-chemical biz a near-term trigger

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Ask people to follow Covid norms during festivities: I&B to pvt channels

The ministry noted that media has been at the forefront of informing people about the need to adhere to COVID-19 norms.

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JSW Steel plans to levy surcharge on steel products as input cost mounts

To offset the rising input cost, the domestic steel giant JSW Steel is planning to levy a surcharge

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Vaccination drive's success shows India's potential: Modi on 'Mann Ki Baat'

Prime Minister Narendra Modi on Sunday lauded India's landmark achievement of 100 crore Covid-19 vaccinations

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Dish TV Rs 10 bn rights issue critical for survival: Company executive

The rights issue is critical for the survival of the DTH company, its top official said

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JSW Steel plans to levy surcharge steel products as input cost mounts

To offset the rising input cost, the domestic steel giant JSW Steel is planning to levy a surcharge

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Prioritisation of domestic coal to power sector hit Hindustan Zinc: CEO

The prioritisation of domestic coal supply to the power sector has to "some extent" hit Hindustan Zinc, a top official of the Vedanta group firm said

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China passes new land border law amid military standoff with India

The country's national legislature has adopted a new law on the protection and exploitation of the land border areas

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Govt likely to introduce 2 key financial sector bills in winter session

The two key financial sector bills may include the proposed law for facilitating privatisation of public sector banks

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Prioritisation of domestic coal to power sector hit Hindustan Zinc: CEO

The prioritisation of domestic coal supply to the power sector has to "some extent" hit Hindustan Zinc, a top official of the Vedanta group firm said

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Saturday, October 23, 2021

3 security personnel, captured Pak terrorist injured in Kashmir firing

Three security personnel and an arrested Pakistani terrorist were injured on Sunday when militants opened fire

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Cricketer, filmmaker join Indian celebs launching NFTs amid global craze

Indian celebrities from the world of Bollywood and cricket are increasingly launching digital memorabilia

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Petrol, diesel prices hiked for 5th consecutive day across the country

Fuel prices witnessed a hike for the fifth consecutive day on Sunday

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Turkish President orders removal of 10 ambassadors, including US envoy

Recep Tayyip Erdogan said that he had ordered the ambassadors to be declared persona non grata

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India, UK democracies; can make world safer, prosperous: UK minister Truss

UK Foreign Minister Elizabeth Truss on Saturday said her country and India believed in freedom and democracy

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Ashish Mishra, arrested for Lakhimpur violence, hospitalised with dengue

Ashish Mishra, son of union minister Ajay Mishra Teni and the main accused in the Lakhimpur Kheri violence case, is reportedly suffering from dengue and has been hospitalised

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ICICI Bank UK repatriates $200 million capital to parent firm in India

This is not the first time the bank has repatriated capital from its foreign arms

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Depression: Magnetic seizure therapy may be attractive alternative to electricity

An international research team investigated whether continued magnetic seizure therapy might effectively prevent the relapse of treatment-resistant depression, compared to what is known about electroconvulsive therapy, the current standard of care.

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Depression, anxiety may be linked to c-section risk among pregnant women

Depression and anxiety in pregnant women may be connected to the type of delivery they have, new research suggests.

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New deep learning algorithm can pick up genetic mutations and DNA mismatch repair deficiency in colorectal cancers more efficiently

A new deep learning algorithm can pick up the molecular pathways and development of key mutations causing colorectal cancer more accurately than existing methods, meaning patients could benefit from targeted therapies with quicker turnaround times and at a lower cost.

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Live news: Modi to speak on 'Mann Ki Baat', India and Pak set for T20 clash

Live news: ICICI Bank says net income rose about 30 per cent in the second quarter, Saudi Arabia announces net zero target.

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Tamil Nadu extends lockdown restrictions with some relaxations till Nov 15

The state government passed the order on Saturday

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Personalized clotting profiles may help in next generation of precision heart disease treatments

People at risk from strokes and heart attacks could benefit from personalized clotting profiles to help clinicians prescribe more precise treatments, thanks to new research.

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How Facebook's algorithm led a test user in India to fake news, gore

Photos of beheadings and jingoistic scenes of violence fill hypothetical account's feed days after it set up in Feb 2019 to see the content Facebook recommends users.

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How Facebook's algorithm led a test user in India to fake news, gore

Photos of beheadings and jingoistic scenes of violence fill hypothetical account's feed days after it set up in Feb 2019 to see the content Facebook recommends users.

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Friday, October 22, 2021

India's foreign exchange reserves up by $1.492 billion to $641 billion

FCAs rose by $950 million to $577.951 billion, as per weekly data by the Reserve Bank of India

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A billion Covid-19 vaccine doses, festivals to rev up economy: PM Modi

The one-billion mark for vaccines has given a ray of hope for small businesses, hawkers and vendors, Modi said

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Walmart recalls 3,900 room sprays due to possible dangerous bacteria

The CDC has been investigating four confirmed cases of melioidosis, including two deaths, the CPSC said

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Walmart recalls 3,900 room sprays due to possible dangerous bacteria

The CDC has been investigating four confirmed cases of melioidosis, including two deaths, the CPSC said

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NSE-SGX Gift City connect could go live around Vibrant Gujarat next Jan

Nifty derivatives contracts are among the most traded on the SGX

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Walmart recalls 3,900 room sprays due to possible dangerous bacteria

The CDC has been investigating four confirmed cases of melioidosis, including two deaths, the CPSC said

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Reliance Retail sales up 10.5% to Rs 45,460 crore in September quarter

The net profit for the quarter of Reliance Retail was Rs 1,695 crore - higher by 74.2 per cent year-on-year

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Onion, edible oil prices to cool down during festival season: Centre

The Centre estimates onion production in the kharif season to be around 4.38 million tonnes

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Hindustan Zinc reworks export strategy amid high port logistics costs

The company has chosen alternatives such as Nepal, South East Asia and Bangladesh which are neighbouring markets and more reliable

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'Wherever India faces unfair treatment at trade front, we will reciprocate'

Goyal on Friday said there are a lot of non-tariff barriers that need to be addressed and wherever India will face an unfair treatment at trade front, it will take reciprocal action

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Google's subscription fee cut good move, but still a 'Lagaan': Industry

What developers are asking for is fairness, not benevolence in the form of "reduced" commission percentages, says digital alliance

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New cancer treatment may reawaken the immune system

Researchers have discovered a new way to jump-start the immune system to attack tumors, which could allow cancer immunotherapy to be used against more types of cancer.

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Reliance Retail sales up 10.5% to Rs 45,460 crore in September quarter

The net profit for the quarter of Reliance Retail was Rs 1,695 crore - higher by 74.2 per cent year-on-year

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PhonePe files and pulls back copyright petition against BharatPe's postpe

Customers can download the postpe app from Play Store and avail interest-free credit limit of up to Rs 10 lakh

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HDFC Life profit falls 16% in Q2 on account of high Covid-19 claims

Net premium increased 14 per cent to Rs 11,443.96 crore against Rs 10,045.44 crore a year ago

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RIL Q2 net profit jumps 43% to Rs 13,680 crore, beats estimates

The consolidated top line or net revenues from operations in the period under review stood at more than Rs 1.67 trillion

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RIL Q2 net profit jumps 43% to Rs 13,680 crore, beats estimates

The consolidated top line or net revenues from operations in the period under review stood at more than Rs 1.67 trillion

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Under arrest: Using nanofibers to stop brain tumor cells from spreading

Researchers have used high-density nanofibers that mimic the microenvironment of the brain to capture tumor cells, opening doors to novel therapeutic solutions for aggressive brain cancer.

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Pilot study explores neural mechanisms of balance dysfunction after traumatic brain injury

Researchers examine graph-theoretical properties of brain networks in traumatic brain injury and controls and their association with balance impairment and structural damage.

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Red blood cells play much larger role in immune system through discovery of DNA-binding capability, study finds

Researchers uncover the mechanism of how red blood cells detect and bind DNA, opening the door to a new area of research for the treatment of inflammatory diseases.

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Genomic study revealing among diverse populations with inherited retinal disease

An international team of researchers has broadened and deepened understanding of how inherited retinal dystrophies (IRDs) affect different populations of people and, in the process, have identified new gene variants that may cause the diseases.

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Jio reports 23% rise in net profit, loses 11 million mobile users

The company said Covid-19 impact in the previous quarter led to a churn of low-end subscribers and resulted in a fall of customer base.

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Thursday, October 21, 2021

Credit grows by 6.47 % on YoY basis to Rs 110.3 trillion in early October

So far this year, the growth in the major banking indicators has been mixed. Growth in deposits has slowed down

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'You cannot block roads', says Supreme Court; farmers remove blockade

During the hearing, a bench headed by Justice S K Kaul said it was not against the right to protest even when the legal challenge is pending but ultimately some solution has to be found

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Vaccine makers meet WTO D-G, flag excess capacity of Covid-19 jabs

Some manufacturers also said that the regulatory approval framework for Covid-19 vaccines in other nations also takes a substantial amount of time

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Vaccine makers meet WTO D-G, flag excess capacity of Covid-19 jabs

Some manufacturers also said that the regulatory approval framework for Covid-19 vaccines in other nations also takes a substantial amount of time

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Researchers map neurons in the brain involved with social interactions with others in groups

In social experiments, three monkeys sat around a rotary table and took turns offering food to one of the other two monkeys. Certain neurons in the brain responded to the actions of other monkeys in the group and influenced an animal's upcoming decisions to reciprocate or retaliate.

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Bat study reveals secrets of the social brain

Neuroscientists used wireless devices to record the neural activity of freely interacting Egyptian fruit bats, providing researchers with the first glimpse into how the brains of social mammals process complex group interactions.

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Predicting patient death or hospitalization from COVID-19

Researchers present what could be a much-needed helping hand to fight the COVID-19 virus. The study shows that analysis of a particular protein on the cell surface is likely to predict who is in danger of a serious infection caused by the virus.

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Cabinet Committee okays Gati Shakti, top govt panel to monitor progress

There will be a three-tier system for monitoring: empowered group of secretaries (EGoS), network planning group (NPG) as well as a technical support unit (TSU)

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Mauritius exits FATF grey list, Pakistan remains on the list

Mauritius was put on the list by FATF in February 2020, and that had a significant impact on its credibility as a prudent and compliant jurisdiction

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BCCI could earn up to $5 billion from IPL broadcasting rights

The current five-year rights are with Star India. The valua­tion is at Rs 16,347.50 crore ($2.55 billion) right now.

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Amazon moves Supreme Court against Future Group shareholders' meet

Amazon has sought the top court's direction to set aside the NCLT order that allowed Future Group firms to hold EGMs for Reliance Retail deal

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US FDA clears Moderna, J&J booster shots; backs Covid-19 vaccine mixing

Pfizer and BioNTech said a booster shot of their Covid-19 vaccine restored full protection in a large study, results that are likely to bolster the argument for giving a third dose more widely

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Strong Q2 seen for capital goods companies as project execution picks pace

This is helped by the easing of the second wave, and as a result ironing out of supply chain issues, improving labour availability as vaccination picks pace and timely customer collections

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Drugs case: NCB records Ananya Panday's statement; may summon her again

After recording her statement, Ananya left the agency office around 6.15 pm, the sources said adding that she is likely to be called on Friday as well.

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Performance of high frequency indicators moderated in September: ICRA

The YoY performance of 14 of the 15 high frequency indicators (except non-food bank credit) worsened in September compared to August this year, ICRA said.

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NTPC invites bids for importing 2 million tonne coal

Since August, coal stock levels at thermal units have dwindled

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TCS UK joins call to take action on racism at workplace

Black, Asian, and ethnic minority backgrounds are reportedly still underemployed, under-promoted, and underrepresented at senior levels

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South Indian Bank reports Q2 net loss of Rs 187 crore on higher bad loans

The bank declared an operating profit of Rs 111.91 crore for the Q2 FY 22 as against Rs 390.94 crore for the Q2 FY21

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Spending time in nature promotes early childhood development

Want to ensure your child hits their expected developmental milestones? New research suggests living in areas with high exposure to green-space can help set them up for success.

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Amazon moves Supreme Court against Future Group shareholders' meet

Amazon has sought the top court's direction to set aside the NCLT order that allowed Future Group firms to hold EGMs for Reliance Retail deal

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Amazon to hike annual Prime membership fee to Rs 1,499, monthly fee Rs 179

Amazon is set to increase the price of the annual membership of its Prime programme in India by 50 per cent to Rs 1499. Monthly and a quarterly fee of Prime membership - which offers users access to Amazon Prime Video and one-day delivery on millions of items on the e-commerce platform - is also being hiked. "The price of Prime memberships in IN (India) is being revised from Rs 999 to Rs 1,499 (annual plan), Rs 329 to Rs 459 (3-month plan), and Rs 129 to Rs 179 (monthly plan)," an Amazon spokesperson said. The spokesperson added that the price of prime membership in India will be changing very soon, and the company will announce the exact date of the price change at a later time. "Since the launch 5 years ago in India, Prime has continued to increase the value it offers members. Prime provides an unparalleled combination of shopping, savings, and entertainment benefits to make life more convenient and entertaining every single day, and we continue to invest in making Prime even mor

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Wednesday, October 20, 2021

Swiggy to give 2-day paid monthly period leave to female delivery partners

Other initiatives from Swiggy include enabling access to vehicles, access to hygienic restrooms, implementing safety measures for female delivery partners

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India is a 'red-hot investment destination for solar': John Kerry

The US Presidential Special Envoy for climate change was speaking at the Fourth Assembly of the ISA, just weeks ahead of the crucial global climate conference COP26 in Glasgow

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Tamil Nadu sets ball rolling on BharatNet, ties up with L&T and other firms

SPV is implementing the project to provide 1 Gbps bandwidth connectivity to all 12,525 gram panchayats in the state for Rs 1,815.32 crore

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Nirav Modi UK extradition appeal to be heard on December 14

Nirav Modi, the fugitive diamond merchant wanted in India to face charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, has lodged his appeal against extradition from the UK and the case will be heard at the High Court in London on December 14. The 50-year-old jeweller, who remains behind bars at Wandsworth Prison in south-west London since his arrest in March 2019, was granted permission to appeal against the Westminster Magistrates' Court extradition order on mental health and human rights grounds. High Court judge Martin Chamberlain had ruled on August 9 that arguments presented by Modi's legal team concerning his severe depression and high risk of suicide were arguable at a substantial hearing. "This case is fixed for a one-day hearing on 14th December, a High Court official said, in reference to the substantial hearing. The UK's Crown Prosecution Service (CPS), which represents the Indian authorities in court, confirmed it w

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India Inc may see higher pay with 9.3% hike in 2022, says report

India's projected salary increase is the highest in Asia-Pacific for the next year as optimism returns over improved business outlook in the next 12 months, the report added

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BSNL to offer UK-based Inmarsat's GX satcomm services in India

Inmarsat has struck deals with Indian airline SpiceJet Ltd and the Shipping Corp of India Ltd, Chief Executive Officer Rajeev Suri said in an interview

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Jio gains 649,000 users in August, Airtel adds 138,000, shows Trai data

Reliance Jio's mobile base stands at 443.8 million, that of Bharti Airtel's is 354.1 million and Voda Idea 271 million

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Study of DNA repair boosts prospects for gene editing technology

Researchers have developed a new method to profile the activity of cellular genes involved in correcting DNA damage, and applied this method to pave the way for dramatic improvements to genome editing technologies.

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Hit the sleep ‘sweet spot’ to keep brain sharp

Older adults who sleep short or long experienced greater cognitive decline than those who sleep a moderate amount, even when the effects of early Alzheimer's disease were taken into account, according to a new study.

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Male-female differences in heart disease could start before birth

New research suggests that male-female differences in protein expression occur immediately after embryonic cells become heart cells called cardiomyocytes. This is the earliest stage of heart development, well before the embryo is exposed to sex hormones.

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In your face: Children’s expressions tell the story of poor sleep

When children are overtired, their facial expressions can forecast social problems years later, according to a new report published by a psychologist.

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Scientists develop sperm cells from primate stem cells

A new study shows that functional sperm cells can be made in a dish using primate embryonic stem cells.

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Future Retail party to dispute with Amazon: Singapore arbitration panel

Amazon had its sights on ultimately owning some of Future's retail assets itself

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Vodafone Idea accepts 4-year payment moratorium on spectrum dues

Telcos have been given time till October 29 to communicate whether they wish to avail a moratorium on payment of spectrum dues and AGR

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AstraZeneca sets up clinical data and insights division in India

Drug firm AstraZeneca on Wednesday said it has launched a clinical data and insights division in India for data-related management of its clinical trials. The Bengaluru-based clinical data and insights (CDI) division is a critical advancement to support a growing global portfolio and build on internal data expertise, the drug firm said in a statement. The CDI division works across therapy areas and portfolios, supporting early and late-stage clinical programmes from Phase 1 to Phase 3, with an integrated end-to-end approach for clinical data, analytics, insights and risk management, it added. Currently, a 30-member team, the division is expected to grow to over 100 members by 2022, the drug firm said. "India has seen a constant uptick in investment in areas such as business services, engineering, digital, IT, R&D and product development from global Fortune-500 companies. AstraZeneca in India is no different since its inception, AstraZeneca India has supported the global ...

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REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation

The proceeds from this facility shall be utilised to fund power sector projects as permitted under the external commercial borrowing (ECB) guidelines of the Reserve Bank of India (RBI)

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Rajeev Mantri named chief financial officer of Citi India

He will report to Ashu Khullar, CEO, Citi India and Tim Monger, Asia Pacific CFO, Citi.

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OnePlus promotes Navnit Nakra as India CEO and Head of India region

Smartphone maker OnePlus on Wednesday said it has elevated Navnit Nakra as its India CEO and Head of OnePlus India region operations. As part of this new senior leadership role, Nakra will spearhead the company's business operations and overall strategy for the India region, a statement said. Nakra, who was previously serving as the Vice President, Chief Strategy Officer and Head of Sales in India, joined the company in February last year. Navnit has successfully led the strategy and sales operations at OnePlus India, and our team has gained immense growth under his leadership. India continues to be an important market for OnePlus, and we continue to focus on our India community's needs as we work towards building a newer, more innovative ecosystem of products and services," Pete Lau, Founder of OnePlus and Chief Product Officer of OPPO, said. He exuded confidence that Nakra will play a pivotal role in leading the future business operations effectively in the region. With the next

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Brain activation in sleeping toddlers shows memory for words

Very young children learn words at a tremendous rate. Now researchers have seen how specific brain regions activate as two-year-olds remember newly learned words -- while the children were sleeping.

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Cat bacteria treats mouse skin infection, may help you and your pets as well

Researchers identify a strain of bacteria on healthy cats that produces antibiotics against severe skin infections. The findings may soon lead to new bacteriotherapies for humans and their pets, wherein cat bacteria is applied via topical cream or spray.

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Viral infections could promote neurodegeneration

Some viral diseases could possibly contribute to neurodegeneration. Researchers found that certain viral molecules facilitated intercellular spreading of protein aggregates that are hallmarks of brain diseases like Alzheimer's. These findings may provide clues how acute or chronic viral infections could contribute to neurodegeneration.

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Revolt Motors to fully localise product range by January

The company, which will re-open bookings of its electric motorcycle RV400 across 70 cities from tomorrow, currently has been able to achieve localisation of around 70 per cent

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Tuesday, October 19, 2021

MARKET: Sensex, Nifty volatile in opening deals; IRCTC hits 10% lower limit

Stock market LIVE: Jubilant FoodWorks, Havells India, and L&T Finance Holdings are among the 33 firms slated to release their September quarter earnings today

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MARKET: Sensex, Nifty volatile in opening deals; IRCTC hits 10% lower limit

Stock market LIVE: Jubilant FoodWorks, Havells India, and L&T Finance Holdings are among the 33 firms slated to release their September quarter earnings today

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Temper expectations from privatisation trade, say analysts

The brokerage says listed PSUs face several challenges and continued government ownership may weigh on their performance

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In a landmark, US bitcoin ETF opens with explosive trade volume

Fund rises as much as 5.4% on debut; over 12 million shares change hands

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Live news: 42 die in Uttarakhand rains, Amarinder to start his own party

Live news updates: Hindustan Unilever reports 9% per cent growth in Q2 profit; Reliance Retail acquires majority stake in fashion designer Ritu Kumar's firm.

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US expected to authorise mix-and-match Covid booster shots

Federal regulators are expected to authorize the mixing and matching of Covid-19 booster doses this week in an effort to provide flexibility as the campaign for extra shots expands

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China's curbs on fertiliser exports may affect India, says report

The increased scrutiny comes as global fertilisers costs have soared to new records, spurred by energy crises in Europe and China as coal and natural gas are important feedstocks

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Energy crunch hits global recovery as winter approaches: Report

And fears are rising that Europe will have to ration electricity if it's a cold winter

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Amarinder Singh to launch his own party, open to seat arrangement with BJP

Singh resigned as chief minister of Punjab last month after a bitter feud with Navjot Singh Sidhu and infighting in the state Congress. The party replaced him with Charanjit Singh Channi

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Insurers' Covid-related health claims outgo falls 35% in July-Sept quarter

Settle Rs 5,000 cr of claims in Q2 against Rs 7,700 cr in June quarter; non-Covid outgo rises

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IMF chief economist Gopinath to leave Fund, return to Harvard in January

Gopinath, the IMF's first female chief economist, joined the Fund in October 2018

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At least 42 die as rains batter Uttarakhand; many feared trapped

Nainital cut off from state; many feared trapped

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India at 71st on Global Food Security index 2021 of 113 nations

India is ranked at 71st position in the Global Food Security (GFS) Index 2021 of 113 countries, but the country lags behind its neighbours Pakistan and Sri Lanka in terms food affordability

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Zoho business operating system user base grows 60% globally, 104% in India

Introduces six apps, three services and seven major platform enhancements on its operating system for business

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Axis MF, Inversion Advisory launch AIF to invest in underperforming firms

Plans to raise Rs 3,500 cr; Axis AMC to be investment manager of the fund, Inversion to provide operational and turnaround expertise

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PM Modi to interact with CEOs, experts of global oil and gas sector

Prime Minister Modi will interact with CEOs and experts on Wednesday via video conferencing

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Tata Steel BSL posts over 5-fold jump in Q2 net profit to 1,837 cr

Tata Steel BSL on Tuesday reported over a five-fold jump in its consolidated net profit to Rs 1,837.03 crore for the September 2021 quarter, mainly on account of higher income

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ICICI Securities Q2 PAT up 26% to Rs 351-crore on revenue growth

ICICI Securities on Tuesday reported a 26 per cent jump in profit after tax to Rs 351 crore in the three months ended September 2021 on account of growth in revenue and improvement in margins

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Scientists develop new sensor to capture calcium activity in cells

Researchers have developed a novel approach for detecting the activity of calcium within cells. The study demonstrates the effectiveness of a red biosensor that can directly monitor calcium at specific locations within a cell, a discovery that could aid in better understanding of the molecular basis of human diseases.

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New study calls for mitigation, monitoring of common grease-proofing food packaging chemicals

A scientist is calling for a better understanding of the health ramifications of ubiquitous 'grease proofing' chemicals that have been used for decades. A new study based on a symposium involving scientists at public and private institutions strikes an urgent tone on the need for new and better ways to detect and mitigate this class of chemical compounds, collectively known as per- and polyfluoroalkyl substances.

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Drug helps sensory neurons regrow in the mouse central nervous system

Researchers have discovered that an FDA-approved drug acts on support cells in the central nervous system to encourage sensory neurons to regrow after injury.

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DNA tangles can help predict evolution of mutations

Researchers have identified evolutionary hotspots in DNA where mutations are more likely. The study authors say these findings will help us in the future to predict the evolution of bacteria and viruses over time, which could aid vaccine design and better understanding of antibiotic resistance.

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E-cigarettes don't help smokers stay off cigarettes, study suggests

E-cigarette use did not help smokers quit and may make smokers more likely to relapse, according to a new study.

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Monday, October 18, 2021

Need of the hour is to focus on supply-side reforms, says RBI

Says policy support for sustained, inclusive recovery may be needed for longer

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Sterlite Power wins order for Rs 324-crore transmission project

Sterlite Power on Monday said it has bagged Nangalbibra -Bongaigaon inter-state power transmission project worth Rs 324 crore.

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A new global economic consensus

A paradigm shift in policy-making is underway, but its success depends on concrete reforms and the creation of new mission-driven institutions

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Adani Ports & SEZ raises Rs 1,000 crore through non-convertible debentures

The company has raised Rs 1,000 crores today by allotment of 10,000 rated, listed, secured, redeemable, NCDs of the face value of Rs 10,00,000/- each on private placement basis

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DoT tells Airtel, Voda Idea, Jio to decide on AGR moratorium in 10 days

Bharti Airtel, Vodafone Idea, and Reliance Jio get 3 months to inform DoT on equity conversion

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Some capital will flow out of India if US Fed does any tapering, warns IMF

Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact

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Mandate creation through UPI dips in sync with muted IPO show in September

Some 3.03 million mandates were created through UPI, down 48.3% over last month, according to NPCI data

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Vodafone Idea teams up with L&T for trials of 5G-based smart city solutions

This is part of the ongoing 5G trials on government-allocated spectrum.

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Meningitis: Researchers find possible treatment strategy without antibiotics

Meningitis is a very serious brain infection with limited treatment options. In a new study performed in rats, researchers present an alternative treatment based on immune cells that helps rinse away toxins that accumulate during the infection.

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New active agent against parasites

Researchers have identified a chemical compound that may be suitable as an active agent against several different unicellular parasites. Among these are the pathogens that cause malaria and toxoplasmosis. The point of attack for this promising substance is the protein tubulin: It helps cells divide and therefore is essential for the multiplication of the parasites.

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Researchers identify brain circuitry in rodents that may be responsible for negative emotional aspects of pain

A new study has uncovered neuronal circuitry in the brain of rodents that may play an important role in mediating pain-induced anhedonia -- a decrease in motivation to perform reward-driven behaviors. Researchers were able to change the activity of this circuit and restore levels of motivation in a pre-clinical model of pain tested in rodents.

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Neuroinflammation protein linked to worse survival in men with glioblastoma

Scientists have discovered a new link that could bring the scientific and medical community closer to understanding why glioblastoma, the most common malignant brain tumor, is deadlier in males than females.

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Powerful technique allows scientists to study how proteins change shape inside cells

The scientists' new 'binder-tag' technique allows researchers to pinpoint and track proteins that are in a desired shape or 'conformation,' and to do so in real time inside living cells. The scientists demonstrated the technique in, essentially, movies that track the active version of an important signaling protein -- a molecule, in this case, important for cell growth.

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People love the billionaire, but hate the billionaires’ club

Americans may respect and admire how individual billionaires -- think Oprah Winfrey or Bill Gates -- made their billions, even as they rage against the "top 1%" as a group, new research finds.

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A new treatment for glaucoma?

A new study in mice has identified new treatment targets for glaucoma, including preventing a severe pediatric form of glaucoma, as well as uncovering a possible new class of therapy for the most common form of glaucoma in adults.

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Sterlite Power wins order for Rs 324-crore transmission project

Sterlite Power on Monday said it has bagged Nangalbibra -Bongaigaon inter-state power transmission project worth Rs 324 crore. "Sterlite Power, a leading private sector power transmission infrastructure developer and solutions provider, has been awarded the Nangalbibra-Bongaigaon interstate power transmission project worth Rs 324 crore through tariff-based competitive bidding (TBCB) by virtue of emerging as the L1 bidder," a company statement said. The project elements consist of a new 220/132 kV substation at Nangalbibra and laying of 130 km of 400kV D/c transmission line connecting Bongaigaon in Assam to Nangalbibra in Meghalaya across the river Brahmaputra, it added. The project will also have 20 km of 132kV D/c line connecting Hatsinghmari in Assam to Ampati in Meghalaya. Sterlite Power has a track record of executing complex projects successfully with the use of technology and innovative solutions. The company has completed the NER-II project, an inter-state transmission sche

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Apple unveils two new MacBooks, AirPods and a $5 music streaming service

The new MacBook Pro laptops with 14-inch and 16-inch displays are powered by the new chips

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So-called junk DNA plays critical role in mammalian development

Despite the prevalent view that some 98% of our genome is junk DNA, new research shows that one piece of junk DNA -- the promoter of a virus-based transposon -- plays a critical role in cell proliferation and timing of embryo implantation in mice. The group found virus-based promoters linked to genes involved in development in other mammals, including humans, suggesting that transposons have been broadly repurposed for important regulatory roles.

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Tata Coffee Q2 net up 26.55% to Rs 53.66 crore

Tata Coffee on Monday reported a 26.55 per cent growth in consolidated net profit during the September quarter at Rs 53.66 crore

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Adani Ports & SEZ raises Rs 1,000 crore through non-convertible debentures

The company has raised Rs 1,000 crores today by allotment of 10,000 rated, listed, secured, redeemable, NCDs of the face value of Rs 10,00,000/- each on private placement basis

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Kilburn Engineering MD Subir Chaki hacked to death in Kolkata

The bodies of Chaki (61) and his driver Rabin Mondal (65) were found with multiple stab injuries on their neck, legs and back at an ancestral building owned by the businessman on Sunday night

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DoT tells Airtel, Voda Idea, Jio to decide on AGR moratorium in 10 days

Bharti Airtel, Vodafone Idea, and Reliance Jio get 3 months to inform DoT on equity conversion

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Sunday, October 17, 2021

What will be the task ahead for Tatas to get Air India soaring again?

Air India has returned to the Tatas' stable after 68 years. But, that's just the first step. Let's delve into the long flight to stability that the airline and the group will have to chart

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MARKET LIVE: Indices to open higher; HDFC Bank, Avenue Supermarts in focus

Stock market LIVE: China's gross domestic product grew 4.9% in third quarter, official data showed Monday. That was below expectations of analysts in a Reuters poll for a 5.2% expansion

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MARKET LIVE: Indices to open higher; HDFC Bank, Avenue Supermarts in focus

Stock market LIVE: China's gross domestic product grew 4.9% in third quarter, official data showed Monday. That was below expectations of analysts in a Reuters poll for a 5.2% expansion

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China Q3 GDP growth hits 1-year low, raising heat on policymakers

China's economy grew at the slowest pace in a year in the third quarter

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Time to buy HDFC AMC, Bajaj Electricals, says Vaishali Parekh

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

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Best of BS Opinion: Why RBI has 'shocked' Srei, digitisation of farm data

Here are the top BS Opinion articles of the day

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Live news updates: Farmers union to block trains; 22 die in Kerala rains

Live news: Samyukta Kisan Morcha wants the sacking of junior home minister, whose son is under arrest for the violence in Lakhmipur Kheri.

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Don't ban their Bitcoin: India's millennials pull crypto out of the shadows

Industry gains confidence that policy makers have been persuaded of benefits to the economy from blockchain-based innovation.

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Two more non-local labourers shot dead by terrorists in J-K: Report

Terrorists shot dead two non-local labourers and injured another on Sunday in Kulgam district of Jammu and Kashmir, the latest in the series of attacks targeting civilians

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Dirtier trains and less newsprint is the latest energy crisis fallout

Crunch situation threatens vegetable greenhouses, hits metal supply; Europe and Asia are already reeling from soaring gas and power prices

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WHO's technical group to meet on Oct 26 to consider EUL of Covaxin

The WHO experts are currently reviewing this information and if it addresses all questions raised, the WHO assessment will be finalised next week

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Over 50 Indian IT companies showcase products at Dubai trade show

Gitex Global, dubbed as the world's biggest technology show, is being organised from October 17 to 21 at the Dubai World Trade Centre

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Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said.

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On way to 1 billion doses of Covid-19 vaccines, focus on second jab

Experts say priority should be on second dose to achieve target of vaccinating entire adult population by 2021-end

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India's e-commerce industry set to grow 84% by 2024, says report

In India, daily active user (DAU) growth in top shopping apps accelerated in the past three quarters

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K'taka makes strong pitch for more foreign investments in Dubai Expo 2020

Highlighting Karnataka's "dominant position" in Aerospace and Defence sector, the state government on Sunday made a strong pitch for more foreign investments in these sectors, at the Dubai Expo 2020

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Punjab CM Charanjit Channi launches scheme to confer proprietary rights

Punjab Chief Minister Charanjit Channi on Sunday launched 'Mera Ghar Mere Naam' scheme to confer proprietary rights on the people living in the houses within the 'Lal Lakir' of villages and the cities

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No additional borrowing by Centre to meet GST compensation in FY22

The Centre will stick to its borrowing programme for FY22 and will not tap the market for more funds to meet the GST compensation shortfall for states.

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Route Mobile shareholders approve raising Rs 2,000 cr via securities

Enterprise communication service provider Route Mobile has received shareholders approval to raise Rs 2,000 crore through sale of securities, according to the company's regulatory filing.

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Will target 50 mn Indian crypto users in 2 years: CoinSwitch Kuber CEO

With more than 15 million users in India, CoinSwitch Kuber has become a new unicorn, and the most valuable crypto company in the country valued at $1.9 billion.

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Leisure Hotels Group to add 6 properties by 2022-end

Hospitality firm Leisure Hotels Group is looking to add six properties across the country by the end of 2022 as part of its expansion plans in the country, a top company official said. Currently, the company has 28 properties with around 1,000 rooms spread across four states Himachal Pradesh, Uttarakhand, Uttar Pradesh and Goa. "We are looking to add a total of six properties by the end of the next year. So, the number will be somewhere in the region of 34 by the end of 2022," Leisure Hotels Group told Vibhas Prasad PTI. The upcoming properties will be in Varanasi, Dharamshala, Bhimtal, Mussoorie, Naukuchiatal and Jaipur, he added. About the investment, the company is planning for opening the upcoming hotels, Prasad said these would be largely under the asset-light model. So, the company will not be putting in money from its own pockets, but the owners will be putting somewhere to the tune of about 100 crores in total, for them. "We, over and above this, are looking at a few oth

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Over 50 Indian IT companies showcase products at Dubai trade show

Gitex Global, dubbed as the world's biggest technology show, is being organised from October 17 to 21 at the Dubai World Trade Centre

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Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta from Com...