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INDIAN (B)

INDIAN (B)

Reliance Industries net profit jumps nearly 9% in Q3

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Net profit of the Mukesh Ambani-led company stood at Rs 10,251 crore in Q3 against Rs 9,420 crore in the same period a year earlier. Analysts polled by Reuters had expected a profit of Rs 9,648 crore in Q3. In the refining and petrochemicals unit, which contribute around three-quarters of overall revenue and profits, revenue rose 47% and 37% respectively.



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INDIAN (B)

India a 'lab' to US cos for reinvention: Expert

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“India is becoming a laboratory for US companies, not only to explain their presence there but also to reinvent themselves in sustainability and disruptive-technology,” Djordjija Petkosk, lecturer and senior fellow at Wharton Legal Studies & Business Ethics, University of Pennsylvania and advisor to World Bank, said.



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INDIAN (B)

Sensex gains 53 points; Nifty reclaims 10,900-mark

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Benchmark indices closed higher for the third straight session Thursday on stock-specific action amid mixed cues from the global markets. After gyrating nearly 300 points, the BSE Sensex settled 52.79 points, or 0.15 per cent, higher at 36,374.08. The broader NSE Nifty inched up 14.90 points, or 0.14 per cent, to 10,905.20.



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INDIAN (B)

'May need more currency as GDP size increasing'

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Following demonetisation in November 2016, when the government junked high value currency notes of denominations 500 and 1,000, there was a shrinkage in currency in the system. Now, with the growth in Gross Domestic Product (GDP), “there may be a need for more currency in the system,” the RBI official said during an interactive session here.



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INDIAN (B)

Lame duck or populist? Here's how interim budget works

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Convention demands that the outgoing administration present an interim budget to secure Parliament’s approval for expenses until a new govt is in place. The rules also allow for the spending plan to be passed by Parliament’s lower house without any discussion.Watchers are waiting to see if PM Modi will betray convention and announce tax concessions.



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INDIAN (B)

From 2020, pre-filled I-T returns, refunds in a day

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The Cabinet on Wednesday cleared an ambitious Rs 4,242-crore project for integrated e-filing and centralised processing. The project will reduce the return processing and refund time from the current average of 63 days, railway minister Piyush Goyal said. The project, which will be implemented by Infosys, will take around 18 months.



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INDIAN (B)

Fake ads: Amul issues legal notice to Google

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The Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets brand Amul, has issued legal notices to Google India Pvt Ltd and internet domain registrar godaddy.com accusing them of misusing their platforms and earning revenues through advertisements, which has led to duping of several innocent people since September last year.



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