NSE Co-location case: Narain, Ramakrishnan play blame game in testimony to SEBI

SEBI questioned the two former officials on multiple matters including Omenisys, Ajay Shah, and brokers allegedly involved in the case.

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GST evasion worth Rs 3,026 cr detected in 1 year: Govt

In a written reply, Minister of State for Finance Shiv Pratap Shukla said between July 2017 and June 2018, a total of 1,205 cases of tax evasion were detected involving Rs 3,026.55 crore.

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Premium smartphone shipment in India up 19% in Q2, OnePlus leads tally: Counterpoint

OnePlus led the premium smartphone segment with 40 percent market share, helped by record shipments of its OnePlus 6 handset as compared to its previous smartphones.

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Gujarat dairy unions cut milk procurement price amid rising supply

Rising milk production coupled with reduction in milk powder price has forced the member dairy unions to cut the price of milk procured from farmers, according to GCMMF MD.

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US puts LeT#39;s Abdul Rehman on list of Specially Designated Global Terrorist

A longtime member of the US designated Foreign Terrorist Organisation (FTO) and Lashkar e-Taiba (LeT), Dakhil was an operational leader for LeT#39;s attacks in India between 1997 and 2001.

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Lack of medical facilities in Railways: Something #39;terribly wrong#39;, says SC

The hard hitting remarks by the apex court came while it was hearing a matter related to the death of a man at the platform of Vijayawada railway station after de-boarding a train.

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Former Bombay HC chief justice Manjula Chellur appointed APTEL head

She has been appointed to the post for a period of three years, the official order said.

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JSW begins integration of Aferpi spl steel plant in Italy

Later in a tweet Jindal said the plant has potential to be one of the best steel plants in the region.

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Security preparedness top priority of NDA govt: Sitharaman

In an address at the annual Unified Commanders Conference, she also stressed on the need for greater "synergy" among the three services as well as between them and the ministry of defence.

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Jagran Prakashan Q1 profit at Rs 88.35 crore

The company had posted a profit after tax of Rs 88.74 crore during the same period of previous fiscal, Jagran Prakashan said in a BSE filing.

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PowerGrid net profit up 9% at Rs 2,240 cr in Apr-Jun qtr

The company#39;s transmission income stood at Rs 6,029.65 crore for the quarter compared to Rs 5,538.85 crore in the same period last fiscal, as per final tariff orders issued by the power regulator CERC.

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Banks#39; bad loans surge to Rs 9.61L cr by FY18: Govt

After the asset quality review (AQR) directed by the Reserve Bank to lenders in 2015, transparent recognition of stressed assets as non-performing assets (NPAs) began, Minister of State for Finance Shiv Pratap Shukla said in Parliament.

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Ultratech, Grasim deals to help reduce CTIL#39;s debt: KM Birla

Century Textiles and Industries (CTIL) in May this year announced plans to demerge its cement business into Aditya Birla group firm UltraTech Cement.

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Trade wars do not benefit anybody: Tata Motors

Balaji was responding to a query on whether the company was apprehensive that sales of JLR could be caught up in the #39;trade wars#39; between the US and Europe and China.

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JSPL gets part of Rs 2.5-cr railway tender; to supply 1 LT rail

This is the first time in three decades that rail procurement has been opened for the private sector.

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LPG price hiked by Rs 1.76 per cylinder

Subsidised LPG with effect from midnight tonight will cost Rs 498.02 per cylinder in Delhi as against Rs 496.26 currently, a statement issued by Indian Oil Corp (IOC), the nation#39;s largest fuel retailer, said.

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Daimler India MD Nesselhauf to take up global role in Germany

Nesselhauf, who was heading DICV since June 2014, will return to Germany to take over global responsibility for manufacturing engineering at Daimler Trucks#39; headquarters, the company said in a statement.

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US accords India trade status equal to that of NATO allies ahead of bilateral talks

This move will improve India-US bilateral defence trade, and will allow India to buy more advanced and sensitive technologies from the US

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Castrol Q2 net profit up 19% at Rs 164 cr

The company had reported a net profit of Rs 137.9 crore during the same period of the previous fiscal.

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CBI arrests Saket SHO in bribery case, books Unitech founder Ramesh Chandra

It is alleged that the Saket court had referred 47 cases related to the Unitech Ltd to Saket police station for probe.

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Karuna to have extended stay in hospital; Rahul meets him

Congress chief Rahul Gandhi, met the 94- year-old leader at the Kauvery Hospital.

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SBI General Q1 net profit up 126%; wipes out accumulated losses

Gross written premium collected grew by 52 percent to Rs 1,011 crore in the first quarter.

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Call drop: Trai sets new quality norms for 4G networks

The regulator has mandated telecom operators to ensure that not more than or equal to 2 percent of total data packets transmitted during uplink and downlink of calls should be lost so that customers get to experience better call quality.

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GSFC Q1 net profit up 75%

Its net profit stood at Rs 40.52 crore in the same quarter last fiscal, the company said in a regulatory filing.

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Madras HC upholds acquittal of ex-minister in colour TV scam

Dismissing the appeal filed by the CBI against the 2009 order by the lower court, Justice G Jayachandran said the prosecution had failed to conduct the investigation properly and collect adequate material to substantiate the charges.

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EIH Q1 net profit dips 12% to Rs 10 cr

Company#39;s total revenue for the quarter under consideration stood at Rs 343.46 crore for the quarter under consideration.

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TI Financial clocks standalone Q1 net profit of Rs 2.43 crore

The city-based Murugappa Group company had recorded a net loss of Rs 0.34 crore during the same period last year.

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JK Paper Q1 profit up 58 pc to Rs 95 cr

The company had posted a net profit of Rs 60.11 crore in April-June quarter a year ago, JK Paper said in a BSE filing.

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Need for relook at payments norms to keep pace with tech changes, says Niti Aayog

The digital payments market In India is expected to grow to USD 1 trillion by 2023 led by growth in mobile payments, presenting huge business opportunities for players in the digital space, he said at the launch of Niti Aayog report -- #39;Digital Payments - Trends, Issues and Opportunities.

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BEML awaiting clarity on bullet train coaches#39; indigenisation

"We are keen in the indigenisation of bullet train coaches. BEML had tied up with Japanese company Hitachi in this regard. There is nothing final yet on the quantum of the indigenisation project or total order for the coaches," BEML Chairman and Managing Director D K Hota said.

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Brent crude set for biggest monthly drop since 2016

OPEC increased production in July by 70,000 barrels per day (bpd) to 32.64 million bpd, a high for the year.

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Ayushman Bharat: Insurance companies left in lurch as states opt for trust-based models

In a trust-based model, each state will form its own trust to manage the scheme and claims will be paid from a corpus created from central and state government contributions

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Gold heads for fourth month of losses, worst streak since 2013

The dollar was flat versus a currency basket, following a three month streak of gains, with the U.S. Federal Reserve set to reaffirm the outlook for further gradual rate rises at the end of its two-day rate review through Wednesday.

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MEA cites privacy clause to stonewall queries about Nirav Modi’s passport status

A Right to Information query was filed regarding this case with the Ministry of External Affairs in June, asking for details on the status of his passport.

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Trai views on spectrum auction this week: RS Sharma

The government is planning to hold the largest-ever spectrum auction of 3,000 MHz radiowaves in the next round of sale, and the regulator#39;s ensuing views will wrap up almost year-long consultation over the issue.

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Over 15,000 non-compliant firms likely to lose registration in Andhra Pradesh, Telangana

According to official sources at the Registrar of Companies (RoC) here, over 20,000 companies were de-registered last year due to non-compliance.

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Online traders body plans protest if govt allows hybrid marketplace model

The government on July 30 discussed about the need to ease out FDI regulation in inventory based e-commerce segment in a meeting with representatives of the industry.

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Tata Motors to stop manufacturing ops in Thailand

Tata Motors is committed to the ASEAN region wherein Thailand is an important market and the company endeavours to continue serving customers as it transitions to the new operating model, it added.

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Setco Automotive posts net profit of Rs 8.1 cr in June qtr

The company had reported a net loss of Rs 11.8 crore in the year-ago period.

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Hathway Cable Datacom plans to deleverage by Rs 500 crore by March 2020

Hathway#39;s cable operations straddle across key Indian geographies and offers cable television services across 140 cities and towns and cable broadband services across 21 cities.

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Mahindra may not upgrade some models to BS-VI, says Pawan Goenka

A call will have to be taken about the future of those products that are low in volume

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IIFL Holdings Q1 net profit up 36 pc at Rs 345 cr

The company#39;s net profit in the corresponding April-June period of 2017-18 fiscal stood at Rs 252.71 crore.

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LS grants more time to jt panel on Citizenship Amendment Bill

The committee was been given time till the first day of the last week of the Winter Session to submit its report.

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General Atlantic gets CCI nod to buy stake in IIFL Wealth

In a tweet today, the Competition Commission of India (CCI) said it has approved "acquisition of 5,66,500 equity shares of IIFL Wealth Management Ltd by General Atlantic Singapore Fund, pursuant to exercise of its pre-emptive rights".

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Maha food rule can reduce multiplex profits by 200bps: Crisil

The rating agency estimates that multiplexes in the state will be required to increase ticket prices by Rs 70 to offset the impact on the food and beverages (FB) division, while observing that such a sharp hike may not go well with movie-goers.

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Infra sector growth jumps to 7-month high of 6.7% in June

The previous high rate of growth was recorded in November 2017 at 6.9 percent.

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Sebi imposes Rs 5 lakh fine on Anand Rathi in Datsons IPO case

The Securities and Exchange Board of India (Sebi) conducted an investigation in the matter of initial public offer (IPO) by Datsons (formerly known as Aanjaneya Lifecare) during the period of May-June 2011 to ascertain any possible violation regulations.

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Fiscal deficit shows improvement in Q1 on higher revenue

The government had budgeted to cut fiscal deficit to 3.3 percent of GDP in the current fiscal, from 3.53 percent in 2017-18.

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Sebi to empanel auditors to conduct forensic audits of listed cos

Sebi has now invited applications from eligible CA firms "for empanelment to take up assignments relating to forensic audit of financial statements of listed companies".

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Govt to withdraw FRDI bill; writes to Parliamentary panel

The Union Cabinet had earlier this month decided to withdraw the legislation in view of the concerns expressed by certain sections of people, including politicians, over the #39;bail-in#39; clause, which they feared would harm the interest of depositors.

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