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Refiners wanted to offset the impact of rising global oil prices and a weak rupee

New Delhi: 

India's oil imports from Iran in 2018-19 could be higher than the previous year despite the imposition of US sanctions, an analysis of industry data by news agency Reuters shows, forcing the government to rein in purchases in coming months.

The oil imports

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Bank fixed deposits are apt for investors seek a guaranteed return on their investments.

Bank fixed deposits (FDs) are secure fixed-income instruments which offer guaranteed returns. Unlike stocks and mutual funds, fixed deposits offer assured returns because they are unaffected by market volatility. This makes bank fixed deposits apt for investors

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INR Vs USD: On Monday, the rupee tumbled 67 paise to close at 73.12 against the US dollar.

MUMBAI: The rupee recovered 21 paise to 72.91 against the US dollar early Tuesday on increased selling by exporters.

The dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers

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Diwali 2018: Samvat 2075 will begin with a 60-minute special trading session on Wednesday

Samvat 2074 or the year from Diwali 2017 to Diwali 2018 has fetched lukewarm returns to investors in the domestic stock markets. BSE and NSE benchmark indices - Sensex and Nifty - gave returns of 7.4 per cent and 3.1 per cent since Diwali 2017 respectively.

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Diwali 2018: BSE will conduct a special trading session on Wednesday on account of the Diwali festival

Domestic stock markets finished Tuesday's session on a mildly higher note, as they gave up most of the gains registered during the session. BSE benchmark index Sensex rose 40 points to end at 34,991, up 0.1

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DHFL said it has successfully conducted securitisation assignment of over Rs 6,600 crore.

MUMBAI: Housing finance company DHFL on Monday said that it has repaid a commercial paper (CP) worth Rs 1,775 crore.

According to the housing finance firm, since September 21, 2018 it has repaid commercial paper holders Rs 9,465 crore including buyback of CP

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On Tuesday, rupee strengthened to 72.9950 per dollar, from its previous close of 73.12.

The currency, debt and equities markets are closed on Wednesday and Thursday for a public holiday. However, the stock markets will open on Diwali for Mahurat trading for an hour on Wednesday evening. Trading will resume on Friday.

The Nifty ended up 0.06 per cent

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Globally, gold fell by 0.15 per cent to $1,229.30 an ounce in Singapore.

Gold prices fell by Rs 80 to Rs 32,610 per 10 grams at the bullion market on Tuesday due to easing demand from local jewellers as well as retailers amid weak trend overseas. Silver followed suit and dropped by Rs 240 to Rs 39,300 per kg on poor offtake by industrial units. 

Trad

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Reliance Jio had in September announced introduction of mobile app WhatsApp on the JioPhone platform

Two days before Diwali, Reliance Jio launched a limited-period sale of JioPhone 2, the private sector telecom company's 4G-enabled device. The festive sale of JioPhone 2, an upgraded version of JioPhone, commenced at 12 pm on Monday, November 5,

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Customers failing to meet the AMB requirements in a month have to bear certain penalty charges.

State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB), among other leading banks of the country have fixed their average monthly balance (AMB) requirements according to the location of a customer's savings account in urban, metro,

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Investors warn if Urjit Patel quits it will create uncertainty and undermine the financial markets.

NEW DELHI/MUMBAI: The government intends to keep pressing demands for the country's central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank's governor, three sources familiar with the

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Apple shares extend losses of last week, when the company's market value slipped below $1 trillion

Apple's market capitalisation (M-Cap) or market value slipped below the $950-billion mark as shares of the iPhone maker fell, news agency Reuters reported. With that, Apple shares extended losses to a second consecutive day. Monday's fall came after

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Refiners wanted to offset the impact of rising global oil prices and a weak rupee

New Delhi: 

India's oil imports from Iran in 2018-19 could be higher than the previous year despite the imposition of US sanctions, an analysis of industry data by news agency Reuters shows, forcing the government to rein in purchases in coming months.

The oil imports

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FD interest rates of HDFC Bank have been hiked between 0.05%-0.50% across various tenures.

Private sector lender HDFC Bank raised its fixed deposit (FD) interest rates with effect from Tuesday, a day ahead of Diwali. The lender raised FD interest rates across select maturities, according to its website, hdfcbank.com. FD interest rates of HDFC Bank

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GoAir flight tickets under the scheme are available for travel from November 5, 2018 to November 4, 2019.

GoAir has announced a 13-day special sale across all sectors, offering up to 13 lakh seats with flight ticket prices starting as low as Rs 1,313, the carrier said. The fare of Rs 1,313 is all-inclusive. The booking period for GoAir's offer on

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Mumbai: 

Benchmark indices ended a highly volatile session in the green on Tuesday on firm Asian cues, ending the Samvat year 2074 higher by over 7 per cent. The benchmark Sensex has gained 2,407.56 points, or 7 per cent, in the Samvat year 2074, while the broader NSE Nifty rose by 319.15 points, or over 3 per cent.

In Tuesday's session, the Sensex

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In the national capital, petrol was sold at Rs 78.42 per litre on Tuesday.

The oil marketing companies (OMCs) marginally slashed fuel rates on Tuesday, a day ahead of Diwali, across the four metro cities. Petrol and diesel prices were cut by 14 paise per litre and 9 paise per litre, respectively, in Delhi. In the national capital, petrol was sold

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At the current level, the rupee is down 14.5% against the dollar so far this year

The rupee declined by 67 paise against the dollar to end at 73.12 on Monday. The sharp fall in the rupee came after two consecutive days of higher closing for the currency, in which the rupee moved 2 per cent higher against the

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Customers failing to meet the AMB requirements in a month have to bear certain penalty charges.

State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB), among other leading banks of the country have fixed their average monthly balance (AMB) requirements according to the location of a customer's savings account in urban, metro,

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Rajan commended Acharya for warning of risks stemming from government meddling of RBI affairs.

Former Reserve Bank of India (RBI) Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.

In an interview on CNBC-TV 18 telecast

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High prices and overall negative market sentiments led to fall in gold sales.

Mumbai: 

Keeping in tune with expectations, gold sales have notched a sharp fall of 40 per cent this year compared to 2017 Diwali owing to high prices and overall negative market sentiments, a leading retailers' body said on Monday.

"Though there are crowds, people are not

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New Delhi: 

The government aims to sign an initial agreement with Iran this month to settle all their oil trade in rupees through UCO Bank, two official sources said.

"We have to do some paper work. It should be signed as early as possible. We are aiming for this month," one of the sources said.

India, which got a waiver from the latest tougher US

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Jet Airways' offer on flight tickets is applicable on select booking classes only.

Jet Airways' "Diwali Sale" has been extended till November 11, 2018, stated the carrier on it's official website- jetairways.com. Under the offer, the airline is offering up to 30 per cent discount on domestic and international flight tickets. Passengers can book

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US Secretary of State Mike Pompeo Mike Pompeo said that over 20 countries have cut oil imports from Iran

Washington: 

The United States has granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil, Secretary of State Mike Pompeo said on Monday, as Washington reimposed sanctions on Iran's banking, energy and

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London: 

Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process.

Volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy US stocks for more than two

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Jet Airways' offer is applicable on select booking class only.

Jet Airways' 'Diwali Sale' offer has been extended till November 11, 2018, stated the carrier on it's official website- jetairways.com. Under the offer, the airline offering up to 30 per cent discount on domestic and international flight tickets. The offer is applicable on base fare in

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Sales in the country were flat, while those in South Africa fell about 3 percent, Cipla said.

Cipla Ltd, country's second-largest drugmaker by market capitalisation, warned on Monday of "multiple headwinds" in the second half of the financial year after its quarterly profit fell short of analysts' estimates. Shares of the company declined as much

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The rupee is down more than 14% so far this year

The rupee moved higher by 12 paise against the dollar to close at 73 on Tuesday. Selling of the dollar by exporters along with easing of crude oil prices helped the rupee gain some ground. The rupee rose as much as 14 paise against the dollar during the

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Sensex Today India: Twenty six out of 50 Nifty stocks advanced in trade.

The domestic stock markets opened in the green on Tuesday, a day ahead of Diwali. The S-P BSE Sensex started at 35,076.24 as compared to Monday's close of 34,950.92. The Nifty50 index of the National Stock Exchange (NSE) opened at 10,552, against its previous close of

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Jet Airways will also commence non-stop flights between Pune and Singapore this winter.

Jet Airways commenced its new non-stop service between Mumbai and Manchester on Monday, the carrier said in a press release. This new service is the first non-stop service connecting India, via Mumbai, with Manchester and the fifth direct service between India

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