Thomson Reuters
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Dow Pierces 23,000 But Ends Below Milestone
The Dow Jones Industrial Average rose 40.48 points, or 0.18 percent, to end at 22,997.44, a record closing high. It rose as high as 23,002.20 during the session.
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Oracle Profit Beats As Cloud Shift Gains Steam, Shares At Record
To increase its competitiveness in the cloud market, Oracle has also acquired companies including NetSuite, its largest purchase to date.
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Flipkart Vs Amazon: E-Commerce War To Be Reshaped By Private Label Brands
Flipkart and Amazon have been burning through cash to offer those discounts and a bigger push into private labels could help them make money as they control the pricing, marketing and supply chain of these brands, say analysts.
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Arun Jaitley Says GDP Growth 'Reasonable', Plays Down Notes Ban Impact
Mr Jaitley spoke after data on Wednesday showed that India's economy, Asia's third largest, suffered a growth slowdown in the quarter to March, to 6.1 percent, well below the expectations of independent economists.
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RBI Nearly Done Listing Loans For Resolution Through Bankruptcy: Arun Jaitley
Last month, government tweaked laws to help tackle a record $150 billion in troubled bank debt.
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Bandhan Bank Shares Fall To All-Time Low After RBI Bars It From Opening New Branches
Bandhan Bank shares today: Bandhan Financial Holdings Ltd, a so-called NBFC that does not take deposits, owns an 82.28 per cent stake in the bank.
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Amazon Increases Minimum Wage For Employees
Amazon, which became the second company after Apple to cross $1 trillion in market value last month, currently pays around $11 per hour. Analysts said the raise would cost it $1 billion or less annually but would be offset by a recent $20 increase in the cost of its Prime memberships.
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Government's Rescue Of IL&FS May Lead To Major Losses For Banks: Report
The beleaguered company's debt pile had grown to more than Rs 90,000 crore ($12.33 billion).
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Vineet Nayyar Named IL&FS Managing Director After New Board Meets
The government replaced the company's entire board on Monday after recent defaults on some of its debt obligations triggered declines in stock and debt markets, leading to concerns about broader risk in the country's financial sector.
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Petrol, Diesel Price Cut: Indian Oil, Other Fuel Retailers Fall Over 20%
The government on Thursday announced a 2.50 rupees-per-litre cut in the prices of gasoline and diesel.
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RBI Keeps Repo Rate Unchanged At 6.5%; Rupee Tumbles
RBI Monetary Policy: The panel however, shifted its policy stance to 'calibrated tightening" from 'neutral'. Five of the six panel members voted to leave the rate unchanged.
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India To Keep Buying Iranian Oil Despite US Sanctions: Report
The United States has said it plans to impose new sanctions targeting Iran's oil sector on November 4. Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower.
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'Government Took Control Of IL&FS To Avert Catastrophic Damage'
The government said IL&FS was not making enough profits to take care of its interest expenses, leading to defaults and rating downgrades.
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No Reversal On Deregulation Of Petrol, Diesel Prices, Says Arun Jaitley
Government seeks to assure investors that it would not go back to regulating fuel prices, a day after oil company shares tumbled on concerns about a return to a regime that has hurt their profits in the past.
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Two Firms Place Orders For Iranian Oil Ahead Of US Sanctions: Dharmendra Pradhan
The government does not yet know if it will be granted a waiver from US sanctions on Iran, he added.
