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Auto Retail sales rise 26% on festive push
The slowdown has, however, seen companies cut down on wholesales as many - particularly Maruti - claim to be "recalibrating" their dealer dispatches to pare down inventory levels.
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GST records second-highest collection at Rs 1.87 lakh crore in October driven by domestic sales
The Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore during the month.
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Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth
At the upper end, the valuation would represent only a modest premium to its $10.7 billion private market value from early 2022 falling short of recent valuations by mutual fund investors Invesco and Baron.
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Jio Financial arm Jio Payment Solutions receives RBI nod to operate as online payment aggregator
The certificate of authorization, effective from October 28, 2024, permits JPSL to manage digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007.
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Swiggy IPO likely to open on November 6, price band set between ₹371-390 per share
The report said it aims to raise up to $1.35 billion (around ₹11,700 crore) in this much-anticipated listing. The company received SEBI approval for its IPO in September.
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Oil prices likely to fall after Israel shows restraint in strikes on Iran
Tchilinguirian expects geopolitical risk premium that had been built into oil prices to deflate rapidly with Brent heading back towards $74-$75 a barrel.
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Adani Power share price jumps over 3% on ₹5,000 crore fundraise move
Adani Power's share price today opened flat but soon caught bulls' attention and touched an intraday high of ₹605.95 apiece on the NSE, logging over a 3% rise against the previous day's close.
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