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BUSINESS

Delhi downpour: Several flights diverted, hundreds delayed
BUSINESS

Delhi downpour: Several flights diverted, hundreds delayed

New Delhi, Sep 4 — As thunderstorms and heavy rain disrupted flight operations in the national capital on Friday, at least nine flights were diverted and more than 400 delayed at the Indira Gandhi International Airport (IGIA).Four flights each were diverted to Jaipur and Lucknow, while one was…

Assocham lauds India's all-time high forex reserves at $740.8 bn
BUSINESS

Assocham lauds India's all-time high forex reserves at $740.8 bn

New Delhi, Sep 4 — Business chamber Assocham on Friday welcomed India’s foreign exchange reserves reaching a record high of $740.80 billion, as of August 28, reflecting a robust external sector and strengthening confidence in the Indian economy.The reserves increased by $11.48 billion during the…

All 27 EU nations support FTA with India: Piyush Goyal
BUSINESS

All 27 EU nations support FTA with India: Piyush Goyal

Mumbai, Sep 4 — Commerce Minister Piyush Goyal said on Friday that all 27 European Union member states support the Free Trade Agreement (FTA) between India and the bloc and want to complete the formalities to bring the pact into force at the earliest.Addressing the India-Belgium high-level dialogue…

RBI slaps Rs 26.82 lakh fine on TransUnion CIBIL
BUSINESS

RBI slaps Rs 26.82 lakh fine on TransUnion CIBIL

Mumbai, Sep 4 — The Reserve Bank of India (RBI) has imposed a penalty of Rs 26.82 lakh on TransUnion CIBIL Limited for non-compliance with certain provisions of the directions issued by it on 'Framework for compensation to customers for delayed updation and rectification of credit information',…

SEBI issues observation letter for Rs 30,000 crore NSE IPO
BUSINESS

SEBI issues observation letter for Rs 30,000 crore NSE IPO

Mumbai, Sep 4 — The Securities and Exchange Board of India (SEBI) has issued an observation letter for the proposed Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange, according to a regulatory update on Friday.The market watchdog issued its observations for the IPO, which…

India's forex reserves hit all-time high of $740.803 billion
NATIONAL

India's forex reserves hit all-time high of $740.803 billion

Mumbai, Sep 4 — India's foreign exchange reserves rose by $11.475 billion to reach an all-time high of $740.803 billion in the week ended August 28, according to data released by the Reserve Bank of India (RBI) on Friday.The increase took the country's reserves up by $49.696 billion from end-March…

Pune poised to become India's GCC capital, says Maha CM
NATIONAL

Pune poised to become India's GCC capital, says Maha CM

Pune, Sep 4 — Maharashtra Chief Minister Devendra Fadnavis on Friday said Pune is rapidly emerging as the country's leading hub for Global Capability Centres (GCCs), with more than 130 centres currently operational and the number expected to cross 800 in the coming years.He reaffirmed the state…