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Former Tata Technologies CEO sells shares worth around Rs 165 crore
BUSINESS

Former Tata Technologies CEO sells shares worth around Rs 165 crore

New Delhi, Sep 5 — The former Chief Executive Officer (CEO) and Managing Director of Tata Technologies -- Patrick Raymon McGoldrick -- has reduced his stake in the company by selling shares worth about Rs 165 crore through block deals on the BSE.In addition, McGoldrick sold 2.1 million shares which…

India advances rare earths collaboration with Myanmar: Report
WORLD

India advances rare earths collaboration with Myanmar: Report

New Delhi, Sep 5 — India has stepped up efforts to secure critical rare earth minerals from northern Myanmar as part of a broader push to de‑risk supply chains and reduce dependence on China, a new report has said.The report from Myanmar-based publication Mizzima said India is pursuing multiple…

Gold dips 3 pc on weekly basis over hopes of US Fed rate hike
BUSINESS

Gold dips 3 pc on weekly basis over hopes of US Fed rate hike

New Delhi, Sep 5 — Gold prices dipped nearly 3 per cent on a weekly basis due to repricing of US monetary policy and a surge in crude oil raising inflation concerns.On Friday, MCX gold futures (October) inched up 0.03 per cent while MCX silver futures (September) shed 0.07 per cent. The yellow…

LIC gets RBI approval for up to 9.99 pc stake in ICICI Bank
BUSINESS

LIC gets RBI approval for up to 9.99 pc stake in ICICI Bank

New Delhi, Sep 5 — The Reserve Bank of India (RBI) has approved state-owned insurer Life Insurance Corporation of India (LIC) to acquire an aggregate holding of up to 9.99 per cent of the paid-up share capital or voting rights in ICICI Bank, the private lender said in a regulatory filing on…