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01.12 / 06:25
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Rupee rises 11 paise to 83.29 against US dollar in early trade on strong GDP data, easing oil prices
rupee settled 7 paise lower at a record closing low of 83.40 a dollar. India's gross domestic product (GDP) growth of 7.6% during July-September beat most estimates, including 6.5% projected by the Reserve Bank of India (RBI), retaining the country's tag of the world's fastest-growing major economy. Read here: India remains fastest-growing major economy, Q2 GDP growth beats RBI estimates: 5 key takeaways Also, another data released simultaneously showed that the output of eight key infrastructure sectors jumped 12.1% in October 2023 against 0.7% expansion in the year-ago period.
01.12 / 06:25
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Mumbai's property registration witnesses best November in 11 years: Knight Frank Report
Mumbai's real estate sales and registrations recorded their best November in 11 years, as per an assessment by Knight Frank India on Thursday, November 30, 2023. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, “Following a notable 6.5% YoY increase in prime property prices during Q3 2023, Mumbai is anticipated to witness a 5.5% upsurge in prime residential prices in 2024.
01.12 / 06:25
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Bengaluru news: Students, staff evacuated from several schools after bomb threat. Details here
India Today report, schools including Napel, Vidyashilpa in Basaveshwar Nagar and one opposite to Deputy CM's residence were among the schools that were sent bomb threat emails. Deputy Karnataka CM DK Shivakumar visited a school in Bengaluru after several schools received threatening e-mails.
01.12 / 05:24
Telegram
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Israeli army says rocket fired from Gaza intercepted
Gaza on Friday, the Israeli military said, around an hour before a truce with Hamas was due to expire. «Following the initial report regarding sirens sounded in communities near the Gaza Strip, the IDF (Israel Defense Forces) Aerial Defense Array successfully intercepted a launch from the Gaza Strip,» the military said on its official Telegram account. The rocket was the first launched from Gaza since a missile fired shortly into the first day of a truce that has lasted seven days, the military confirmed. There has been no official confirmation of any potential extension of the truce into an eighth day, though Hamas said it was open to the possibility and US Secretary of State Antony Blinken has urged that the pause continue. Eyewitnesses reported heavy aircraft and drone activity in northwestern Gaza on Thursday morning, an AFP reporter said.
01.12 / 05:24
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Share price of Tata Elxsi jumps as Sensex gains 454.56 points
Tata Elxsi Ltd. gained 1.03 per cent to Rs 8346.4 at 10:46AM (IST) in Friday's trade. The scrip has hit a high of Rs 8450.0 and low of Rs 8328.95 so far during the session.
01.12 / 05:24
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Bandhan Bank seeks buyer for its Rs 775-crore distressed affordable home loan portfolio
The private lender's portfolio comprises 8,529 accounts given to affordable home buyers with average principal loans ranging between Rs 10 lakhs and 12 lakhs. The bank invited offers in cash by December 2, the people cited above said. Bandhan Bank did not respond to ET's request for comments. The sale of an affordable home loan portfolio by Bandhan Bank also resonates with the concerns expressed by the Reserve Bank of India's (RBI) growth of unsecured loans, which prompted the regulator to raise the risk weightings on such loans last month. «The rising delinquencies are partly because small ticket loans are given without the lender undertaking proper due diligence of the borrower.
01.12 / 05:12
01.12 / 05:01
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Sam Bahadur Box Office collection Day 1: Check how much Vicky Kaushal's movie is expected to earn on release day
Sam Bahadur Box Office collection Day 1: Vicky Kaushal-starrer 'Sam Bahadur' has released in theatres today, December 1. The film is based on the real-life of Sam Manekshaw, Former Chief of Army Staff of the Indian Army, renowned for his bravery. Vicky Kaushal plays the lead role of Sam Bahadur.
01.12 / 04:41
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SBI Research raises India's FY24 GDP forecast to 7% from 6.7%
State Bank of India (SBI)'s Research 'Ecowrap' has raised India's FY24 gross domestic product (GDP) forecast to 7 percent from 6.7 percent earlier. This comes amid higher-than-expected Q2 GDP numbers. "The strong growth numbers for Q2 released today are a harbinger of interesting times ahead and can reinvigorate the interests of global corporations, policymakers, investment gurus, and fund managers across jurisdictions afresh along themes like investments, infrastructure, consumption, and markets by going Overweight," the research said.
01.12 / 04:41
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India vs Australia 4th T20 match prediction: Who’ll win IND vs AUS match? Fantasy team, pitch report and more
cricket match in Guwahati, Australian batter Glenn Maxwell delivered a stunning performance in the final over. Needing 21 runs from 6 balls in the third match of the series, Maxwell scored 18 off the last four balls. It included a six and three fours, clinching a dramatic win for Australia.
01.12 / 04:41
Aviat
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Government cuts windfall tax on crude petroleum to ₹5,000/tonne, jet fuel price also down
windfall tax on crude petroleum and jet fuel by ₹1,300 per tonne, effective from December 1, as per a Moneycontrol report. The tax on crude petroleum has been reduced from ₹6,300/tonne to ₹5,000/tonne, while the levy on jet fuel has been adjusted to ₹1.06 lakh per kilo litre (kL) from the previous ₹1.11 lakh/kL, it added During the previous review on November 16, the government slashed the windfall tax on crude petroleum by ₹3,500 from ₹9,800 per tonne to ₹6,300 per tonne. This was in line with the downward trend in global oil prices.
01.12 / 03:59
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2024
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
Meta says it has found and disabled thousands of fake Facebook accounts linked to China that were used to spread politically partisan content in the United States before next year’s election
01.12 / 03:36
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US, partners target North Korea with sanctions following satellite launch
WASHINGTON/SEOUL (Reuters) -The United States on Thursday targeted North Korea with fresh sanctions after its launch of a spy satellite last week, designating foreign-based agents it accused of facilitating sanctions evasion to gather revenue and technology for its weapons of mass destruction program.
01.12 / 02:24
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'Good, appropriate': Blinken on India setting up probe in alleged murder attempt on Sikh separatist Gurpatwant Singh Pannun
Sikh separatist leader in the United States is good and appropriate, Secretary of State Antony Blinken said Thursday. «The government announced today that it was conducting an investigation, and that's good and appropriate, and we look forward to seeing the results,» Blinken told reporters travelling with him in Tel Aviv, Israel.
01.12 / 02:24
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Stocks in news: UltraTech, Thomas Cook, LTIMindtree, Kesoram Industries, Wipro
Thomas Cook The offer for sale of shares by promoter Fairbridge Capital in Thomas Cook (India) Ltd received overwhelming response from institutional investors, following which, it has decided to use the greenshoe option to sell additional shares. ITD Cementation ITD Cementation has secured a contract for civil and hydromechanical works of 500 MW hydel power, pumped storage project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh. Read more: Here's the trade setup for today's session Ultratech Cement UltraTech Cement announced the acquisition of Kesoram cement unit.
01.12 / 02:24
FIVE
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What is 57 now will be 75 in days to come: Chhattisgarh CM after exit polls give Congress edge
Congress an edge over the BJP in Chhattisgarh, Chief Minister Bhupesh Baghel said his party was on course to secure a 'huge majority'. He added that while most pollsters are predicting the Congress tally at 57, the number will swell to 75 by the time the results are declared on December 3, the counting day. Speaking to reporters after 5-7 exit poll projections put Congress in the lead, Baghel said the numbers quoted in these polls will stabilise in the next couple of days. «Are the numbers consistent in the seven exit polls? After two days, the numbers quoted in these exit-poll projections will stabilise and settle.
01.12 / 02:24
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US stock market: Dow rallies to year's highest close, caps blockbuster month
Nasdaq into negative territory. Still, the S&P 500 and the Nasdaq notched their largest monthly percentage gain since July 2022. November was the Dow's best month for percentage gains since October 2022. «We're putting the cherry on top of a banner month,» said Ryan Detrick, chief market strategist at Carson Group in Omaha.
01.12 / 01:49
Cooper
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2020
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Department
Pannun murder bid: Antony Blinken welcomes India's probe in alleged murder attempt on Sikh separatist
Ministry of External Affairs (MEA) informed that it has decided to set up a high-level probe committee to look into the security concerns shared by the US regarding the criminal nexus and the attempt to murder Pannun. While speaking to reporters who were travelling with him in Tel Aviv, Israel, Blinken said, "The government announced today that it was conducting an investigation, and that’s good and appropriate, and we look forward to seeing the results." The Secretary of State was responding to a question on the appearance of an unnamed Indian official in an indictment filed by federal US prosecutors in a Manhattan court on Wednesday along with an Indian national, which the Department of Justice alleges hired someone in the US to assassinate Pannun, a vocal critic of India and espousing the cause of separate Khalistan.
01.12 / 01:49
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Bonus shares 2023: Alphalogic Industries to trade ex-bonus today in 1:1 ratio
Bonus shares 2023: Shares of Alphalogic Industries Ltd will be in focus when the stock market opens on Friday as its Bonus Issue is scheduled for the day. The company will issue Bonus Share in the ratio of 1:1 which means 1 equity share of ₹10 each for every 1 equity share held to its eligible shareholders. The board of directors of Alphalogic Industries Ltd at its meeting held on October 18, 2023 had recommended the Bonus Issue.
01.12 / 01:49
Reuters
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X staring at potential second round of advertiser exodus after Elon Musk's rant
Elon Musk's recent actions, as per a Reuters report. Walt Disney and Warner Bros. Discovery took decisive steps earlier this month by halting their advertising efforts on X.
01.12 / 01:29
Mobile
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JSW, SAIC ink JV to run MG Motor operations in India
JSW Group and SAIC Motor announced an India joint venture aimed at expanding the operations of MG Motor, owned by the Chinese company, in the country. JSW will hold a 35% stake in the joint venture, they announced on Thursday. «Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions,» the JSW Group's Parth Jindal said in a media release.
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