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Annualised credit cost of 2.3% was also largely in line with expectations and similar to Q1FY20 credit cost.By HSBC Global ResearchAdjusted earnings higher on account of lower tax outgo: Adjusted profits at `650 crore were ~20% higher…

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NEW YORK (Reuters) - U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of…

Jio has separately written to Prasad opposing any bailout to telecom companies at taxpayer’s expense and asserted the COAI should not be considered an association representing the industry. (REUTERS)Ignoring its member Reliance Jio’s…

The bank made provisions for bad loans and contingencies of Rs 25.38 crore for the September quarter, while there was a de-provisioning of Rs 18.19 crore a year earlier.Kerala-based Dhanlaxmi Bank on Thursday reported a year-on-year…

The index swung 269 points during the day, hitting a high of 40,283.30 and a low of 40,014.23.Equity benchmark BSE Sensexended marginally higher at 40,165 points on Friday after a volatile session as markets consolidated after scaling…

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NEW YORK(Reuters) - Rock-bottom interest rates may be great for lots of people - but not for savers. With a brand-new quarter-point rate cut from the Federal Reserve and ten-year government bonds yielding 1.84%, there is almost nowhere…

The objective of launching RCEP negotiations is to achieve a modern, comprehensive, high-quality, and mutually beneficial economic partnership agreement.Union Commerce Minister Piyush Goyal has assured that the Centre will not take any…

In the quarter ended September, State Bank of India’s (SBI) corporate loans grew just 2.78% y-o-y to Rs 7.66 lakh crore.As banks continue to shy away from wholesale lending, growth in bank credit to the services sector slowed to 7.3%…