US jobless claims rise by 28,000 to still-low 222,000
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Jobless claims climbed by 28,000 to 222,000 from the previous weekâs pandemic low 194,000, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, fell below 239,000, a pandemic low.
Mercedes-Benz India to hike prices of select models by up to 2% from January 2022
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The company, however, said it is committed to price protection to customers who have booked their cars and are waiting for more than four months for select models.
Tata Steel opens door for transgender persons in core mining operations
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The move comes close on the heels of the private sector steel manufacturerâs announcement that its Noamundi Iron Mine in the state is set to witness a 30-member all-women team taking up drilling, dumper, and shovel operations in all shifts from early nex
Tata Power, ama Stays Trails tie up to set up EV charging stations
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A rising demand for sustainable transport infrastructure has resulted in an increasing number of hospitality brands investing in electric vehicle (EV) charging points, a statement said.
World food prices climb in November, stay at 10-year peak: FAO
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The Food and Agriculture Organization#39;s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 134.4 points last month compared with a revised 132.8 for October.
SBI joins hand with Adani Capital for co-lending to farmers
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State Bank of India (SBI) has signed a master agreement with Adani Capital Private Ltd (Adani Capital), the NBFC arm of Adani Group, for co-lending to farmers for purchase of tractor and farm implements, to increase efficiency in farm operations and productiv
Ride-hailing firm Ola plans IPO in first half of 2022, readies #39;super app#39;
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Ola, backed by Japan#39;s SoftBank Group, is also gearing up to create something of a «super app» with plans to broaden its services beyond mobility to include personal finance and micro insurance, Aggarwal told the Reuters Next conference.
SBI join hands with Adani Capital for co-lending to farmers
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State Bank of India (SBI) has signed a master agreement with Adani Capital Private Ltd (Adani Capital), the NBFC arm of Adani Group, for co-lending to farmers for purchase of tractor and farm implements, to increase efficiency in farm operations and productiv
India November trade deficit at record $23.27 billion
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India#39;s merchandise exports rose to $29.88 billion for the month from $23.62 billion in the same period last year, while imports rose to $53.15 billion in November from $33.81 billion last year.
Sebi conducts search and seizure at 2 locations in Gujarat
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According to people familiar with the matter, these entities were building position in the market prior to giving recommendations in scrips through the channel operated by them.
States debt-to-GDP ratio worryingly higher than FY23 target, says RBI report
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The Reserve Bankâs annual publication titled #39;State Finances: A Study of Budgets of 2021-22#39; further said as the impact of the second COVID-19 wave wanes, state governments need to take credible steps to address debt sustainability concerns.
Tata Power Solar gets letter of award for Rs 945 crore project
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Under the SECI project, Tata Power Solar Systems Limited will build a 100 MW EPC (engineering procurement construction) solar project along with 120 MWh utility scale battery energy storage system (BESS), a company statement said.
OECD cuts world growth forecast, warns of Omicron threat
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The global economy is now expected to expand by 5.6 percent this year, down from an earlier forecast of 5.7 percent, the OECD said in its updated economic outlook which warns that low vaccination areas could create «breeding grounds» for deadlier
Nissan wholesales surge 60% to 5,605 units in November
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The company said its domestic sales last month stood at 2,651 units, compared with 1,017 units in November 2020. Exports were at 2,954 units as against 2,485 units in the year-ago period.
Volkswagen expects battery, raw material drive to cost up to $34 billion
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Thomas Schmall, who is in charge of technology at Europeâs largest carmaker, said in an interview at the Reuters Next conference that Volkswagen would seek outside partners to fund it.
VE Commercial Vehicles sales rise 10% to 4,085 units in November
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VE Commercial Vehicles Ltd (VECV), an unlisted subsidiary, had sold 3,710 units in the same month last year, Eicher Motors said in a regulatory filing.
CRED to acquire Happay in cash and stock deal valuing the platform up to $180 million
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Happy currently has more than 6,000 clients including Dominos, PriceWaterhouse Coopers and Oyo and processes transactions worth over $3 billion annually
Sumitomo Mitsui completes purchase of 74.9% stake in Fullerton India
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However, the company did not disclose the financial details of the transaction. Post completion of the purchase, Fullerton India has become a consolidated subsidiary of Sumitomo Mitsui Financial Group Inc (SMFG), it said.
CRED acquires Happay in cash and stock deal valuing the platform up to $180 million
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Happy currently has more than 6,000 clients including Dominos, PriceWaterhouse Coopers and Oyo and processes transactions worth over $3 billion annually
Paytm expects revenue, monetisation methods to expand in next few quarters: CEO
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Paytm Chairman and CEO Vijay Shekhar Sharma during an earnings call with analysts in the US said the company is seeing scale in system deployment and non-UPI revenue, where merchant gives revenue charges, MDR (merchants discount rate) for payments and credit
