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Next Union budget may retain focus on infrastructure story: Nirmala Sitharaman

Finance minister Nirmala Sitharaman says the government reduced corporate tax in 2019 to boost investor sentiment and the policy decision helped in faster recovery of the economy after the two waves of Covid-19 pandemic hit the economy – the first in March 2020 and the second in April-May this year
Finance minister Nirmala Sitharaman says infrastructure development is one of the key focus areas of the government and the “emphasis on infrastructure spending in some form or the other” will continue. (Vipin Kumar/HT PHOTO)
Finance minister Nirmala Sitharaman says infrastructure development is one of the key focus areas of the government and the “emphasis on infrastructure spending in some form or the other” will continue. (Vipin Kumar/HT PHOTO)
Updated on Dec 05, 2021 12:34 AM IST
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Bitcoin plunges over 20% in another sign of global market nerves

Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a fifth of its value, sliding to $2.2 trillion, according to tracker CoinGecko.
Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. (REUTERS)
Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. (REUTERS)
Published on Dec 04, 2021 12:11 PM IST
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Bloomberg |

IMF likely to downgrade global economic estimates as Omicron threat looms large 

Omicron has spread rapidly to at least 40 countries since it was first reported in South Africa last week, officials say, and many governments have tightened travel rules to try to keep it out.
The new strain could further destabilize economies that are still emerging from Covid-19 related lockdowns and disruptions. In picture - Covid-19 testing site in Times Square, New York, US.(AP)
The new strain could further destabilize economies that are still emerging from Covid-19 related lockdowns and disruptions. In picture - Covid-19 testing site in Times Square, New York, US.(AP)
Published on Dec 04, 2021 09:30 AM IST
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Reuters | , Washington

Twitter CEO Parag Agrawal shakes up management ranks after Dorsey's departure

The moves are part of an effort “to drive increased accountability, speed, and operational efficiency,” Twitter said in the filing.
Newly named Twitter CEO Agrawal has emerged from behind the scenes to take over one of Silicon Valley's highest-profile and politically volatile jobs.(AP)
Newly named Twitter CEO Agrawal has emerged from behind the scenes to take over one of Silicon Valley's highest-profile and politically volatile jobs.(AP)
Published on Dec 04, 2021 06:11 AM IST
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Bloomberg |

Android’s new features: Wider privacy canvas, BMW car keys and new Google Photos

Android phone users have several new features to look forward to. In the days and weeks to come, Google will roll out new apps and feature sets
Android phone users have several new features to look forward to. In the days to come, Google will roll out new apps and feature sets. (Google)
Android phone users have several new features to look forward to. In the days to come, Google will roll out new apps and feature sets. (Google)
Updated on Dec 03, 2021 08:39 PM IST
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Pakistan’s interest rate surge shows IMF deal not enough

Prices in the nation grew more than 11% in November and the trade shortfall more than doubled to a record of almost $5 billion, data showed this week, pushing the benchmark stock index down almost 5% on Thursday.
A stockbroker looks at share prices on an index board during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2021. (Photo by Rizwan TABASSUM / AFP)
A stockbroker looks at share prices on an index board during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2021. (Photo by Rizwan TABASSUM / AFP)
Updated on Dec 03, 2021 09:03 PM IST
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Bloomberg |

Sensex tanks 764.83 pts to end at 57,696.46; Nifty down by 204.9 pts

Losses were dominated by index-heavyweights Reliance Industries, HDFC twins and Kotak Bank, as India reported its first cases of the Omicron variant of the coronavirus.
Sensex tanks 764.83 pts to end at 57,696.46 in closing bell; Nifty down by 204.95 pts
Sensex tanks 764.83 pts to end at 57,696.46 in closing bell; Nifty down by 204.95 pts
Published on Dec 03, 2021 03:55 PM IST
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PTI | | Posted by Sharmita Kar, New Delhi

Fintech revolution needed for financial empowerment: PM Modi

“Financial inclusion is the driver of the fintech revolution,” Modi said, adding that fintech rests on the four pillars of income, investments, insurance and institutional credit.
Prime Minister Narendra Modi.
Prime Minister Narendra Modi.
Updated on Dec 04, 2021 06:13 AM IST
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ByRajeev Jayaswal, New Delhi

Bank alert: ATM cash withdrawals set to become more expensive from January

  • The RBI said that the new charges were imposed in view of the rising cost of ATM deployment and expenses pertaining to ATM maintenance.
Currently, a customer has to pay <span class='webrupee'>₹</span>20 per ATM withdrawal after five free transactions a month from a bank she has an account in.(HT/ PHOTO)
Currently, a customer has to pay 20 per ATM withdrawal after five free transactions a month from a bank she has an account in.(HT/ PHOTO)
Published on Dec 03, 2021 01:26 PM IST
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Byhindustantimes.com | Written by Sharmita Kar | Edited by Poulomi Ghosh, New Delhi

Sensex opens 262 points higher at 58,724, Nifty trades at 17,470

The 30-share index was trading 262.86 points or 0.45% higher at 58,724.15 in initial deals. Similarly, the Nifty rose 68.45 points or 0.39% to 17,470.10.
Sensex opens 262 points higher at 58,724, Nifty trades at 17,470 in opening session
Sensex opens 262 points higher at 58,724, Nifty trades at 17,470 in opening session
Published on Dec 03, 2021 09:35 AM IST
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PTI | , Mumbai

Swiggy to invest $700 million in its quick delivery arm

Swiggy will invest in Instamart service, which is currently operational in 18 cities across India, and delivers more than one million orders per week.
Image used only for representation
Image used only for representation
Updated on Dec 03, 2021 04:48 AM IST
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ByTarush Bhalla

Gujarat CM Patel invites global industries to make state investment hub

  • Patel was addressing a road show organised in Mumbai ahead of the 10th edition of Vibrant Gujarat Global Summit. The main event is scheduled to begin on January 10, 2022. It will go on for three-days.
Bhupendrabhai Patel,CM of Gujarat (R)interact with and Kanubhai Desai, State Minister of Finance, Energy and Petrochemicals(L), during the curtain raiser of 10th edition of the Vibrant Gujarat Global Summit 2022 Roadshow, at Taj Colaba in Mumbai(Anshuman Poyrekar/Hindustan Times)
Bhupendrabhai Patel,CM of Gujarat (R)interact with and Kanubhai Desai, State Minister of Finance, Energy and Petrochemicals(L), during the curtain raiser of 10th edition of the Vibrant Gujarat Global Summit 2022 Roadshow, at Taj Colaba in Mumbai(Anshuman Poyrekar/Hindustan Times)
Published on Dec 02, 2021 10:43 PM IST
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Byhindustantimes.com, Hindustan Times, New Delhi

Paytm receives its first ‘buy’ rating after IPO

  • Paytm’s “super app” has emerged from a pure “want” category to reach to the “need” status, Dolat analysts, led by Rahul Jain, said.
Paytm reported its first financial results as a public company over the weekend, with losses widening to 4.74 billion rupees in the July-September quarter from a year earlier amid rising expenses.(Reuters Photo)
Paytm reported its first financial results as a public company over the weekend, with losses widening to 4.74 billion rupees in the July-September quarter from a year earlier amid rising expenses.(Reuters Photo)
Updated on Dec 02, 2021 04:04 PM IST
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Bloomberg | , Hindustan Times, New Delhi

Sensex leaps 777 pts to close in green at 58,461; Nifty ends session at 17,404

  • HDFC was the top gainer in the Sensex pack, climbing nearly 4 per cent, followed by PowerGrid, Sun Pharma, Tata Steel, Tech Mahindra and Bajaj Finserv.
ICICI Bank and Axis Bank were the losers in the Sensex pack.(HT_PRINT)
ICICI Bank and Axis Bank were the losers in the Sensex pack.(HT_PRINT)
Updated on Dec 02, 2021 05:03 PM IST
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PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

India's Bharti Airtel in talks to buy majority stake in Dish TV: Report

  • Airtel is looking to buy 5.93% stake from Dish TV's promoter group and 25.63% stake owned by Yes Bank Ltd, the report said. The lender is the largest shareholder, according to Refinitiv data.
According to a Mint report, Airtel executives have held talks with Dish TV parent Essel Group's founder Subhash Chandra after accounting firm EY submitted a due diligence report to Airtel on October 25.(REUTERS)
According to a Mint report, Airtel executives have held talks with Dish TV parent Essel Group's founder Subhash Chandra after accounting firm EY submitted a due diligence report to Airtel on October 25.(REUTERS)
Published on Dec 02, 2021 02:42 PM IST
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Reuters | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

HDFC hikes interest rate on fixed deposit: See more details here

  • The new interest rates have come into effect from December 1.
The ban has hiked the interest rates by 10 basis points (bps) on deposits maturing in one year and two years.
The ban has hiked the interest rates by 10 basis points (bps) on deposits maturing in one year and two years.
Updated on Dec 02, 2021 02:22 PM IST
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LIC IPO: Policyholders asked to update PAN. Here's how to do it

The initial public offer (IPO) of LIC is expected to be launched in the fourth quarter of the current financial year. The Union Cabinet had in July this year cleared disinvestment of LIC. The listing of LIC will be crucial for the government to meet its disinvestment target.
LIC is the country's largest insurer.(HT File Photo)
LIC is the country's largest insurer.(HT File Photo)
Published on Dec 02, 2021 01:24 PM IST
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Byhindustantimes.com, Hindustan Times, New Delhi

Qualcomm’s always-on camera tech for smartphones raises privacy concerns

Android smartphones with the next-generation Qualcomm Snapdragon 8 Gen 1 will have an always-on camera that will let users unlock the phone by looking at it. Qualcomm says the data collected by the front-facing camera will be processed on the device.
Qualcomm has said the data collected by the front-facing camera in a phone will be processed on the device itself and none of that will be sent to the cloud for processing.
Qualcomm has said the data collected by the front-facing camera in a phone will be processed on the device itself and none of that will be sent to the cloud for processing.
Published on Dec 02, 2021 12:40 PM IST
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Shares edge higher on auto, pharma boost; Omicron woes cap gains

  • The blue-chip NSE Nifty 50 index was up 0.35% at 17,227.50 by 0358 GMT, while the benchmark S&P BSE Sensex rose 0.31% to 57,864.75.
SENSEX
SENSEX
Updated on Dec 02, 2021 09:53 AM IST
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Reuters |

Nothing ear (1) black edition arrives with carbon neutrality and crypto payments

The Nothing ear (1) black edition wireless earbuds will go on sale on Flipkart in India for the first time on 13 December
Nothing said the new Nothing ear (1) product line is carbon neutral, and that they’ll start accepting payments in popular cryptocurrencies in some countries
Nothing said the new Nothing ear (1) product line is carbon neutral, and that they’ll start accepting payments in popular cryptocurrencies in some countries
Published on Dec 01, 2021 09:43 PM IST
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Spotify Wrapped 2021 is a timely reminder of your favorite music and podcasts

In the music streaming space, Spotify has faced competition this year from Apple Music. Apple rolled out the Lossless Audio high-resolution music option alongside Spatial Audio, over the summer.
Spotify Wrapped 2021 year-in-review is a timely reminder of the music and podcasts you’ve listened to the most through the best part of the year gone by.vishal (HT Image/Vishal Mathur)
Spotify Wrapped 2021 year-in-review is a timely reminder of the music and podcasts you’ve listened to the most through the best part of the year gone by.vishal (HT Image/Vishal Mathur)
Published on Dec 01, 2021 08:16 PM IST
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SBI expects growth to top 9.5% in FY22 as private investment accelerates

Growth clocked 8.4% in the second quarter of the current fiscal year, data released by India’s National Statistical Office on Tuesday showed, beating expectations.
India’s economy grew by 8.4% in the July-September quarter from the same period a year earlier, the government announced Tuesday, raising hopes of a recovery after the country suffered historic contractions sparked by the coronavirus pandemic. (AP)
India’s economy grew by 8.4% in the July-September quarter from the same period a year earlier, the government announced Tuesday, raising hopes of a recovery after the country suffered historic contractions sparked by the coronavirus pandemic. (AP)
Published on Dec 01, 2021 06:58 PM IST
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Anand Rathi IPO to open tomorrow. Issue dates, price band, other details

Anand Rathi Wealth said on Tuesday it has fixed a price band of 530-550 a share for its 660-crore IPO.
Anand Rathi Wealth, which is a part of financial services group Anand Rathi. (Representative Image)
Anand Rathi Wealth, which is a part of financial services group Anand Rathi. (Representative Image)
Published on Dec 01, 2021 04:41 PM IST
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Byhindustantimes.com | Written by Meenakshi Ray, New Delhi

Swiggy nears $700 million fundraise in Invesco-led round

While Invesco will pour in $200 million, other existing investors such as Softbank Group Corporation will also participate. The deal values Swiggy, formally known as Bundl Technologies Pvt., at about $10.5 billion.
Swiggy has seen its valuation almost double since it was valued at $5.5 billion in April. (For representation purpose)(Hemant Mishra/Mint)
Swiggy has seen its valuation almost double since it was valued at $5.5 billion in April. (For representation purpose)(Hemant Mishra/Mint)
Published on Dec 01, 2021 03:52 PM IST
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Bloomberg | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

Sensex jumps 620 points to end day at 57,685; Nifty closes in green at 17,167

  • IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6 per cent, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries.
Stock exchanges in Europe too were trading on a positive note in mid-session deals.
Stock exchanges in Europe too were trading on a positive note in mid-session deals.
Updated on Dec 01, 2021 04:20 PM IST
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PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

GST mop up in Nov at 1.31 lakh cr, second highest since rollout

CGST refers to Central Goods and Services Tax, SGST (State Goods and Service Tax) and IGST (Integrated Goods and Services Tax).
The GST revenues for the month of November 2021, are 25 per cent higher than November 2020, and 27 per cent higher over November 2019.
The GST revenues for the month of November 2021, are 25 per cent higher than November 2020, and 27 per cent higher over November 2019.
Updated on Dec 01, 2021 02:17 PM IST
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PTI |

5 changes to affect credit cardholders, salaried employees & pensioners from Dec

  • While the rising inflation burns a hole in the common man’s pocket, these new banking rules may dampen your spirits further.
SBI credit card rules are changing from December 1.(Pradeep Gaur/Mint. Image for representational purpose)
SBI credit card rules are changing from December 1.(Pradeep Gaur/Mint. Image for representational purpose)
Published on Dec 01, 2021 12:02 PM IST
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Byhindustantimes.com | Written by Sharmita Kar | Edited by Avik Roy, New Delhi

Share of salaried jobs saw worst fall in March qtr since June 2018

  • The headline unemployment rate in the March 2021 quarter was 9.4%. This is the lowest since the quarter ending June 2020, which coincided with the 68-day long nation-wide lockdown which was imposed on March 25, 2020.
The latest PLFS numbers also suggest that the pandemic’s pain has begun to show in the service sector.
The latest PLFS numbers also suggest that the pandemic’s pain has begun to show in the service sector.
Updated on Dec 01, 2021 12:39 PM IST
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ByAbhishek Jha

Tega Industries IPO opens today. Key things to know

Tega Industries IPO is purely an offer for sale (OFS) of 1,36,69,478 equity shares by promoters and an existing shareholder.
Tega Industries IPO will open for three days. (Representative Image)
Tega Industries IPO will open for three days. (Representative Image)
Published on Dec 01, 2021 11:13 AM IST
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Byhindustantimes.com | Written by Meenakshi Ray, New Delhi
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Sunday, December 05, 2021