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Bond Yields Fall As Nirmala Sitharaman Backs Rate Cuts

India’s benchmark 10-year bond yield fell as much as 11 basis points to 6.42 per cent. Indian bond yields dropped sharply on Monday after the finance minister said the government won’t change its plan to issue sovereign bonds and that she hopes the Reserve Bank of India makes...
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Bharti Airtel shuts 3G service in Kolkata

Telecom operator Bharti Airtel on Friday announced closing of 3G service in Kolkata as part of its plan to replace the third generation mobile technology with 4G in the country. “This is in line with our stated strategy of focusing on serving quality customers with best-in-class service experience. Going forward,...
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Alteria Capital invests Rs 80cr of venture debt in LendingKart

Alteria Capital has invested Rs 80 crore in LendingKart in one of the largest debt ventures ever provided to an Indian firm. LendingKart Finance is a technology driven financial services company that helps MSME’s grow their business through digital lending. It has offices in Ahmedabad, Bengaluru and Mumbai...
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In Wipro’s post-Azim Premji era, Rishad has his task cut out

Azim Premji | Chairman, Wipro | Net worth: $21 billion (Image: Reuters) That Rishad Premji thinks differently was evident during his tenure as the Chairman of the trade body National Association of Software and Services Companies (NASSCOM). Rishad, the elder son of outgoing Wipro Executive Chairman Azim Premji, who will take...
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FinMin reworking strategic sale procedure for CPSEs

The finance ministry is reworking strategic sale procedure to ensure outright sale of CPSEs within 4 months of issuance of documents to potential investors, a move aimed at ensuring speedier conclusion of the entire process, an official said. However, for CPSEs like Air India, which are relatively bigger...
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