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Today's top stories include Nifty and Sensex, Jeep and Citreon and Edelweiss among others.
Finance Minister Nirmala Sitharaman described the lower-than-expected growth in the gross domestic product in the September quarter as a "temporary blip".
Photo Credit: NDTV Profit
The benchmark equity indices extended its fall for the second consecutive day on Tuesday, losing nearly 2% since Friday amid weak sentiment in the global markets a day ahead of the outcome of the US Federal Reserve's meeting.
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Potato prices remain high, tomato and onion prices have eased from a month ago, while edible oil prices are rising again.
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Growing interest from global investors and weak appetite in the domestic market has driven Indian corporates, especially financial services companies, to the overseas market for their funding needs, three merchant bankers told NDTV Profit.
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The Reserve Bank of India lifted business restrictions on ECL Finance Ltd. and Edelweiss Asset Reconstruction Co. on Tuesday as the central bank was satisfied with remedial measures put in place by the companies, it said in a media statement.
Photo Credit: Edelweiss Financial Services Website
FPIs are prohibited from issuing ODIs with derivatives as the underlying instruments, according to the SEBI's latest circular.
Photo Credit: Vijay Sartape/NDTV Profit
Maruti Suzuki India Ltd. has for the first time manufactured two million cars in a calendar year, which, according to its chairman, was “atypical” for the world’s third largest automotive industry.
Photo Credit: Maruti Suzuki
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