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    Fino Payments Bank to apply for small finance bank licence

    Fino Payments Bank to apply for small finance bank licence The Mumbai-based payment bank's board has approved the proposal for applying for a SFB licence
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    United Breweries Q1: Kingfisher beer maker's net profit down 16% to ₹136 crore on high excise duty, revenue down 6%

    United Breweries Q1: Kingfisher beer maker's net profit down 16% to ₹136 crore on high excise duty, revenue down 6% United Breweries Q1 Results: The brewer had in May flagged that margin pressures will persist in the first quarter amid sticky inflation.
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    How a Common Accounting Rule Leads to More Layoffs and Less Job Training

    How a Common Accounting Rule Leads to More Layoffs and Less Job Training Because employees don’t have value in accounting terms, they can’t be considered assets. They can only be costs.
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    Equitas Small Finance Bank Q1 result: Reports strong results with 97% YoY PAT growth and robust business performance

    Equitas Small Finance Bank Q1 result: Reports strong results with 97% YoY PAT growth and robust business performance Equitas Small Finance Bank reported strong growth and steady performance in Q1FY24, with a 97% YoY increase in Profit After Tax and a 47% YoY growth in disbursements. The bank's...
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    MRPL Q1 Results: Profit declines 62.6% at ₹1,015 crore, net worth rises YoY

    MRPL Q1 Results: Profit declines 62.6% at ₹1,015 crore, net worth rises YoY The firm reported a plunges of 47 per cent in consolidated net profit at ₹1,014.79 crore, compared to ₹1,913.35 crore in the corresponding period of last quarter.
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    RITES Q1 Results: Revenue down 10% to ₹563 crore, dividend declared

    RITES Q1 Results: Revenue down 10% to ₹563 crore, dividend declared RITES Ltd. reported a 10% dip in consolidated operating revenue to ₹544 crore in Q1FY24. EBITDA and PAT were ₹161 crore and ₹120 crore, respectively. The decrease in revenue was attributed to a decline in exports and revenue...
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    Vedanta to invest $5 bn in fab project

    Vedanta to invest $5 bn in fab project The total investment for the project is expected to be $19 billion-$20 billion.
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    ‘Covid made holiday homes mainstream’

    ‘Covid made holiday homes mainstream’ The Mumbai-based company, which raised ₹19 crore in pre-Series A round from venture capital firm Sixth Sense Ventures in 2018, turned profitable in 2023, following the post-covid demand revival.
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    SAT overturns Sebi order against Ambani brothers

    SAT overturns Sebi order against Ambani brothers The Securities Appellate Tribunal (SAT) has overturned a ₹25 crore penalty imposed by the Securities and Exchange Board of India (Sebi) on Mukesh Ambani, Anil Ambani, Reliance Industries Holding, and eight other entities for alleged violation of...
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    BPEA buys fertility clinic Indira IVF at valuation of $1.1 billion

    BPEA buys fertility clinic Indira IVF at valuation of $1.1 billion Private equity firm TA Associates, which first picked up a minority stake in 2019 for an undisclosed sum, will exit the company with the transaction.
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    Nestlé to raise chocolate, coffee capacities in India

    Nestlé to raise chocolate, coffee capacities in India Nestlé India plans to invest ₹4,200 crore ($564 million) by 2025 to expand its manufacturing capacity for noodles, coffee, and chocolates in the country. The investment will help the company meet the demand for both mass and premium products.
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    AMD commits $400 mn to expand India R&D

    AMD commits $400 mn to expand India R&D Investment will be made over five years to expand engineering operations
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    Apple CEO Tim Cook with net worth of around $2 billion was denied credit card by his own company. Here's why

    Apple CEO Tim Cook with net worth of around $2 billion was denied credit card by his own company. Here's why Apple CEO Tim Cook was reportedly denied access to the Apple Credit card during testing due to concerns of impersonation, despite his wealth and credit score not being the issue.
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    Amazon lays off hundred employees working in Fresh Grocery stores as part of restructuring plan

    Amazon lays off hundred employees working in Fresh Grocery stores as part of restructuring plan Amazon is cutting jobs in its Fresh Grocery stores, eliminating ‘zone lead’ roles as part of a restructuring plan. The company did not disclose how many employees would be affected. Amazon operates 44...
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    Cash-strapped Dunzo to pay 12% annual interest on deferred salaries, clear all dues by September 4

    Cash-strapped Dunzo to pay 12% annual interest on deferred salaries, clear all dues by September 4 Instant grocery app, Dunzo, in a written email has announced to pay 12% of yearly interest to its employees on deferred salary. The company aims to clear all its pending dues by September 4
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    IOC, Nazara Tech to SBI Card — 54 companies to declare Q1 results today

    IOC, Nazara Tech to SBI Card — 54 companies to declare Q1 results today Q1 results today would be important for intraday trading as it would help traders to find out quality shares in falling Indian stock market
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    Byju's employee bursts into tears, seeks govt's help over 'toxic' work culture and immediate layoff | Watch

    Byju's employee bursts into tears, seeks govt's help over 'toxic' work culture and immediate layoff | Watch Byju's is facing allegations from an employee about sudden termination. The employee, Akansha Khemka, claimed toxic work culture and sought government support.
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    Subway is offering a lifetime of free sandwiches with THIS unique offer

    Subway is offering a lifetime of free sandwiches with THIS unique offer Subway is offering customers the chance to win a lifetime supply of free sandwiches if they legally change their first name to 'Subway'. The company will choose a winner and pay the legal fees. This is part of Subway's...
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    Indian Oil Corporation Q1 results: Net profit seen at ₹10,347 crore upon revenue of ₹1.95 lakh crore

    Indian Oil Corporation Q1 results: Net profit seen at ₹10,347 crore upon revenue of ₹1.95 lakh crore IOC’s revenue in Q1FY24 is expected to fall to ₹1,95,814 crore, as compared to ₹2,02,994 crore, QoQ, and versus ₹2,24,252 crore, YoY.
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    Elon Musk is 'non-emphatic, genuinely funny,' ex-Twitter employee spills details about Tesla CEO's personality

    Elon Musk is 'non-emphatic, genuinely funny,' ex-Twitter employee spills details about Tesla CEO's personality Former Twitter employee, Crawford, described her experience working for the company as both 'amazing and terrible.' She shared her observations of Elon Musk's takeover, highlighting his...
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