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Nita Ambani Elected to the Board of The Metropolitan Museum of Art (New York) – the First Indian Trustee in the Museum’s 150 Year history.
Nita Ambani elected to board of Metropolitan Museum of Art
13 Nov 2019 5:16 PM

In 2017, the Reliance Foundation committed to support exhibitions that explore and celebrate the arts of India.

All three sources declined to be identified because the information was not yet public.
Alibaba poised to launch record-breaking USD 13.4 bin Hong Kong share sale: sources
13 Nov 2019 4:43 PM

The deal would be the world’s biggest cross-border secondary listing - will be seen as a boost for Hong Kong.

The broader NSE Nifty fell 73 points, or 0.61 per cent, to end at 11,840.45.
Sensex tumbles 229 points as weak macro data, rupee woes weigh
13 Nov 2019 4:23 PM

The 30-share Sensex ended 229.02 points, or 0.57 per cent, lower at 40,116.06.

According to the Central Statistics Office data, 4.3 per cent contraction is the lowest in 2011-12 series of Index of Industrial Production (IIP), which was unveiled in May 2017.
Rupee slips below 72-mark against US dollar
13 Nov 2019 4:02 PM

The Indian currency was trading 57 paise lower at 72.04 against the US dollar at 1548 hours.

Finance Minister Nirmala Sitharaman. (Photo: ANI)
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
13 Nov 2019 3:10 PM

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

The Supreme Court, on November 6, directed completion of corporate insolvency resolution process within 90 days for Jaypee Infratech.
NBCC, Suraksha Realty asked to submit fresh bids to acquire Jaypee Infratech
13 Nov 2019 2:29 PM

Lenders of Jaypee Infratech will meet on November 18 to discuss the bids of NBCC and Suraksha Realty.

Dekkers, chairman at the Dove soap and Knorr soup maker for more than three years.
Unilever's Marijn Dekkers to step down as chairman
13 Nov 2019 1:53 PM

Unilever named non-executive director Nils Andersen as its new chairman.

NABARD chairman Harsh Kumar Bhanwala said that cooperative and regional rural banks have also been asked to submitted information about deposits on every 15 days. (Photo: ANI)
NABARD seeks credit disbursal from banks on monthly basis
13 Nov 2019 1:00 PM

Speaking on the bank's Non-Performing Assets, the NABARD chief said that the bank's NPA has reduced last year.

Millennials are increasingly using financial apps and other platforms to help streamline their finances and reduce the money management burden. (Representational image)
Impact of an online financial marketplace on today's millennial
13 Nov 2019 12:18 PM

The financial marketplace has a common portal where users can compare and access a host of financial services.

The company had posted a net profit of Rs 303.03 crore for the July-September period a year ago, Britannia Industries said in a BSE filing.
Britannia shares jump 6 per cent after Q2 earnings
13 Nov 2019 12:02 PM

The scrip gained 5.86 per cent to Rs 3,299 on the BSE. On the NSE, it climbed 5.75 per cent to Rs 3,299.

Uttar Pradesh Chief Minister Yogi Adityanath.
IT-Dept should conduct awareness drives to help traders in filing returns: UP CM
13 Nov 2019 11:20 AM

Expressing dissatisfaction over registration of only 14 lakh traders in the state, he said the number should at least reach 25 lakh.

Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected.
Facebook messaging apps getting unified payment system
13 Nov 2019 11:12 AM

The unified service will begin rolling out in US this week for fundraisers, in-game purchases, event tickets, and person-to-person payments.

Traders are now eyeing next month’s meeting between the OPEC and Russia to determine if the group would deepen output cuts to prop up prices. (Photo: Twitter)
Oil slips as US-China trade deal hopes dwindle
13 Nov 2019 10:56 AM

A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.

Forex traders attribute the weakness in the forex market to weak factory output numbers and weak global cues.
Rupee depreciates 30 paise against US dollar
13 Nov 2019 10:12 AM

Rupee is trading at 71.77 against dollar amid rising concerns over the US-China trade deal.

The broader NSE Nifty advanced 9.40 points, or 0.07 per cent, to 11,922.85.
Sensex, Nifty start on tepid note on weak global cues
13 Nov 2019 10:11 AM

The 30-share index pared gains to trade 19.98 points, or 0.05 per cent, higher at 40,365.06.

Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have submitted their bids for assets of debt-laden Reliance Communications.
Airtel submit bids for RCom spectrum; Jio seeks deadline extension by 10 days
13 Nov 2019 9:50 AM

RCom committee of creditors is scheduled to meet on November 13, 2019 to take call on the bids opening.

Globally, over 7,000 brands have already enrolled in Project Zero across US, Europe and Japan, he added.
Amazon brings 'Project Zero' to India to help brands fight counterfeits
13 Nov 2019 9:49 AM

The initiative was launched earlier this year in the US, Europe (UK, France, Italy, Spain, and Germany) and Japan.

In July 2019, the RBI had turned a net seller of the US dollar for first time in this fiscal, after it sold USD 93 million on a net basis.
RBI becomes net buyer of dollars in Sept, bought USD 5.61 billion
13 Nov 2019 9:35 AM

RBI purchased USD 6.514 billion and sold USD 900 million in the spot market, according to a recent RBI data.

In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders.
Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction
13 Nov 2019 9:30 AM

Jaypee Infratech, a subsidiary of Jaiprakash Associates, has an outstanding debt of nearly Rs 9,800 crore.

UberEats has not been able to expand itself to the size of Swiggy and Zomato.
Uber India gets more than Rs 1,700 crore from parent
13 Nov 2019 3:21 AM

Zomato and Swiggy have recently raised funding to compete in the high cash-burn business of food delivery.