Category: Business

RBI Authorises Bandhan Bank For Disbursing Civil Pension – News18

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The authorisation entitles the bank to disburse pensions to various departments. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the disbursement process Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf…

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Indias Food Inflation Is Skyrocketing Above 7% But Tomatoes Are Not The Sole Culprit, New Report Reveals…

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New Delhi: Staples like cereals and pulses are unlikely to offer relief in the near term amid hardening international prices and subdued sowing domestically. This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher. In July, India witnessed a surge in CPI inflation,…

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Business

Trump Returns to the Service Formerly Known as Twitter

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Former President Donald J. Trump returned to X, the social media platform formerly known as Twitter, on Thursday night after a hiatus of more than two years. Mr. Trump posted a link to his website and a photo of his mug shot in his first new post on X since Twitter banned his account after…

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Zara billionaire Ortega buys Chicago apartment tower for $232 million – Times of India

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Amancio Ortega, the billionaire founder of the Zara clothing chain, snapped up a luxury apartment building in Chicago for $232 million to add to his growing US property portfolio.Ortega’s family office Pontegadea acquired 727 West Madison from a joint venture of Ares Management and F&F Realty, according to a company spokesperson.The purchase adds the 45-story…

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Forex reserves rise $12m to $8.1b | The Express Tribune

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KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 0.14% on a week-on-week basis, reaching $8.1 billion, according to data released by the central bank on Thursday. By the end of the week on August 11, 2023, the central bank’s foreign currency reserves were recorded at $8,055.3 million, indicating…

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Rupee extends losses against US dollar – SUCH TV

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The Pakistani rupee fell by Rs2.99 against the US dollar during interbank trade on Wednesday, extending its losses from the previous day. The local currency was changing hands at Rs294.50 against the greenback at around 12:24pm, according to data from the Exchange Companies Association of Pakistan (ECAP). In the open market, the dollar was being…

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Fiscal Health: Chhattisgarh Second Best After Maha; Bengal, Punjab, Kerala Biggest Laggards – News18

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Chhattisgarh, one of the poorest states in the country, is the second best in overall fiscal health scorecard after Maharashtra, and ahead of Telangana, while the bottom three are Bengal, Punjab and Kerala, shows a report by a foreign brokerage. Based on the FY24 first budget estimates, the top three states are Maharashtra, Chhattisgarh and…

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Business

Indian Railways Passenger Gets Whopping Food Bill With 66 Percent GST; IRCTC Says…

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Passengers travelling via the Indian Railways often turn to Twitter in case they face any problems. These complaints by the passenger travelling via trains are often addressed by the behemoth organisation via their Twitter handles. This is probably why the Twitter handle is often flooded with the grievances of the passengers. Adding to the list, one…

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China’s Economy Faces Yet Another Threat: Falling Prices

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The United States has spent much of the past 18 months struggling to control inflation. China is experiencing the opposite problem: People and businesses are not spending, pushing the economy to the verge of a pernicious condition called deflation. Consumer prices in China, after barely rising for the past several months, fell in July for…

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