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Recent Business news updates for various examinations and updating current affairs of UPSC, Banks, IBPS, SSC etc

Infosys MD & CEO Vishal Sikka Resigned

Finally the power of founders and shareholding forced CEO & MD of India’s second largest software exporter to resigned. Vishal Sikka has resigned under pressure from founder Narayana murthy, as the latter was upset on corporate governance. Vishal Sikka, the outgoing Managing Director and Chief Executive Officer squarely put the blame for his resignation on N R Narayana Murthy’s relentless attacks undermining ...

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LIC Lost Rs 7000 Crore Just in 30 Minutes

LIC SHares ITC free fall

Life Insurance Giant “LIC” lost Rs Seven Thousand Crore just in 30 minutes. This is all due to free fall of ITC share on stock market. A steep free flow of ITC share in morning trading triggered such a huge loss to LIC. LIC held 16.29 per cent in the cigarette maker as of June 30, 2017. Domestic insurance companies together lost ...

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Now RFID Fastags Mandatory for All New Vehicles in India

Indian Government, Ministry of Road and Transport now wake up as the order made a year back for fitting up the RFID tags in vehicles without adequate infrastructure. All these approximately 73 lakh vehicles manufactured over the last couple of years of no use and ministry want all these tags to be refixed or updated. These RFID tags may be enabled ...

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Desi Patanjali Now Rs 10,000 Cr Company, 3rd Largest among FMCG’s

This is absolutely unbelievable but Baba Ramdev promoted Patanjali is not less than any big MNC’s. The total revenue of patanjali clocked at Rs 10,216 crore in 2016-17. His immediate previous year revenue was Rs 5,000 crore. A jump in solid 100% which surprises biggies liks Nestlé, Godrej Consumer, Britannia, and Dabur.  Patanjali is only far behind MNC’s ITC and Unilever, ...

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NPCI Launches Bharat QR Codes for Scan and Pay Without Using Debit Card

Bharat QR codes Apps

Bharat QR code apps is the new product launched by NPCI for easy transaction of money especially for merchant payments. Bharat QR code is a common application platform for MasterCard, RuPay and Visa. Bharat QR code is very similar to existing QR code system currently in use via various online eWallet like PayTm, Freecharge, Mobikwik or NPCI BHIM apps. Only the difference ...

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Checkout New Rs 500 Notes Security Features

New Rs 500 notes

Reserve Bank of india (RBI) has introduced and launched new Rs 500 notes for public. After Demonetization of old Rs 1000 and Rs 500 notes, Government has introduced new denomination of Rs 2000 currency and Rs 500 currency. Check out the salient features of newly introduced Rs 500 notes : Bank has started distributing the new rs 500 currencies through ...

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Highlights – Gold Scheme Launched By Prime Minister

Highlights of Gold Scheme Launched By Prime Minister – Prime Minister Sri Modi has launched the three Gold Scheme on 05th Nov 2015 targeting the recent festival time. The Three schemes which are launched by Mr Modi are : Gold Monetisation Scheme (GMS) Gold Sovereign Bond Scheme and Gold Coin and Bullion Scheme. India is now among top countries who ...

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Highlights RBI Bi-Monthly Monetary Policy Sept 2014

RBI Policy

RBI Bi-Monthly Monetary Policy Sept 2014 – RBI’s bi-monthly monetary policy announced on 30th September 2014 by Reserve Bank of India Governor Shri Raghu Ram Rajan. As per the Industry expectation RBI Governor has kept all the policy rate unchanged. The Next bi-monthly policy statement of RBI is scheduled on December 2. All the Policy Rates like Cash Reserve Ration (CRR), ...

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