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NEW YORK (Reuters) - Investors retreated from the U.S. stock market by unloading nearly $11.8 billion from mutual funds and exchange traded funds that hold domestic equities last week, as concerns about the strength of the U.S. economy…

The penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, it said.The Reserve Bank on Wednesday imposed a…

The volume of securitisation transactions by housing finance companies (HFC) and non-banking finance companies (NBFC) soared by 48% year-on-year to `1 lakh crore in the first half of the current fiscal, according to a report by Crisil…

The Sensex closed the session 93 points up at 38,599, while the Nifty ended near the 11,500-mark.Share Market highlights: Even as BPCL disinvestment is on fast track with the cabinet expected to clear the strategic stake sale in two…

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NEW YORK (Reuters) - Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in previous years. FILE…

Losses at Tata’s automotive business have mounted with a slump in India’s car market, as well as trouble overseas.The Indian conglomerate that owns Jaguar Land Roversaid it is open to finding partners for the automaker but isn’t…

In what could be seen as an attempt at damage control, finance minister Nirmala Sitharaman on Saturday said she had spoken to the RBI governor, who had assured her that customers’ concerns will be treated as a top priority.The Reserve…

Wipro share price jumped more than 3.29% to hit the day’s high at Rs 251.80 on BSE. (Image: Reuters)Shares of India’s major IT giant Wipro gained on Wednesday morning after the firm reported robust Q2 results. Wipro share price jumped…

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