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Mukesh Ambani’s wealth shoots up 73% to Rs 6.58 lakh crore; Adani moves up in net worth rankings – Times of India

by abhinav | Sep 29, 2020 | News

India Business News: The personal net worth of Reliance Industries chairman Mukesh Ambani rose by 73% to Rs 6.58 lakh crore, helping him retain the title of being the rich Read More

reported by PTI at The Times of India

Wipro to offer promotions to high-performing employees – Mint

by abhinav | Sep 29, 2020 | News

Currently, 98% of Wipro’s employees continue to work from home although chairman Rishad Premji had recently said he believes it is important for people to work from offices to build culture and nurture innovation Read More

reported by Ayushman Baruah at Livemint

After The Bell: Market ends flat; what should investors do on Wednesday? – Moneycontrol.com

by abhinav | Sep 29, 2020 | News

Selling is advisable below 11180 for the target of 11100 or 11050 levels. Meanwhile for the Bank Nifty 21250 levels would be a big support, however, below that we may see a further weakness to 21000/20850 levels. Read More

reported by at Moneycontrol

Cairn seeks nearly ₹10,300 crore in losses from retrospective tax demand – Mint

by abhinav | Sep 29, 2020 | News

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British oil explorer Cairn Energy Plc today said it is seeking from the Indian government $1.4 billion (about ?10,300 crore) in losses arising from the expropriation of its investments to enforce a retrospective tax demand Read More

reported by PTI at Livemint

ITC’s FMCG biz outlook promising, but investors not biting into it yet – Mint

by abhinav | Sep 29, 2020 | News

Lower profit margins of the FMCG segment means that on an overall basis, it doesn?t move the needle for ITC and this is a dissuading factor for investors. In FY20, FMCG Ebit margin was 3.3% compared with 67% for cigarettes business Read More

reported by Pallavi Pengonda at Livemint

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