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WPI up first time in 17 months, dashes RBI rate cut hopes

Wholesale price inflation turned positive after a gap of 17 months, rising 0.34% year-on-year in April against -0.85% in the previous month, as food and manufactured items turned dearer while deflation in fuel products narrowed sharply.On a seasonally adjusted basis,…

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L&T Finance may sell stake in MF business

Four years after acquiring Fidelity Mutual Fund in March 2012, L&T Finance Holdings is considering selling stake to a foreign partner. The non-banking finance company of engineering behemoth Larsen & Toubro (L&T), which operates the country’s 14th biggest asset management…

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WPI up first time in 17 months, dashes RBI rate cut hopes

Wholesale price inflation turned positive after a gap of 17 months, rising 0.34% year-on-year in April against -0.85% in the previous month, as food and manufactured items turned dearer while deflation in fuel products narrowed sharply.On a seasonally adjusted basis,…

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Unbxd raises Series B funding

Bengaluru-based Unbxd, a provider of e-commerce product-discovery software, has raised an undisclosed amount in Series B funding. This round was led by entities advised and managed by Nirvana Venture Advisors, and existing investors IDG Ventures, Inventus Capital and Indian Angel…

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China c.bank injects $44.5 billion via MLF, rates unchanged

China’s central bank said it injected 290 billion yuan ($44.46 billion) into 21 financial institutions via its medium-term lending facility (MLF) on Monday.Interest rates for the MLF loans were unchanged from the last operation in April, at 2.75 percent for…

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Sugar output pegged at 25.1 mt

Sugar production for this crop year is pegged at 25.1 million tonnes, mainly due to estimated decline in output in Uttar Pradesh and Karnataka, according to a report by Kingsman, a unit of S&P Global Platts.The overall production in the…

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Sebi streamlines settlement procedures

Entities under probe for ‘serious violations’ in capital markets can seek settlement of the case only if they agree to make good the losses suffered by the investors to Securities and Exchange Board of India’s (Sebi’s) satisfaction, the regulator has…

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