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RBI weighs priority sector lending tag for solar panel manufacturers

The Reserve Bank is toying with the idea of including solar panel manufacturing in the priority sector lending bracket, the Economic Times reported, citing sources familiar with the deliberations. The report also said that the bank is likely to take a decision in the next two-three months. Also Read: India slashes solar imports from China …

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Zomato stock hits 52-week high as investors laud company for delivering on growth promise

Shares of Zomato hit 52-week high of Rs 105 on September 18 after rising nearly 2 percent in trading on the NSE. However, the stock ended 0.87 percent lower to Rs 102.05 apiece against its previous close. This gain was attributed to investors’ growing confidence in the company, driven by Zomato demonstrating visibility in revenue …

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JSW Infra IPO: Price band set at Rs 113-119 for conglomerate’s first IPO in 13 years

JSW Infrastructure has set a price range of Rs 113-119 per share for its IPO, which will open on September 25. The offer covers only some of the company’s new issues and does not include Includes offering components. The size of the issue is Rs 2,800 crore. This is JSW Group’s first IPO after 13 …

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India’s trade deficit widens to 10-month high of $24.16 billion in August

India’s goods trade deficit widened to $24.16 billion in August, its highest level in 10 months, as imports surged due to festive shopping in India. On a month-on-month basis, the trade deficit increased by nearly 17%, compared to the difference between exports and imports of goods of $20.67 billion in July. India’s imports hit an …

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Swiggy’s Anuj Rathi joins Jupiter as chief product and marketing officer

Longtime Swiggy CEO Anuj Rathi has joined fintech firm Jupiter as chief product and marketing officer. Rathi is expected to work closely with founder Jitendra Gupta and will lead the new banking company’s product, design, growth and marketing. Jupiter works closely with its customers to create a curated personal finance experience, right from account opening, …

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Africa in G20: A recognition of the continent’s importance in the global economy

The world has changed since that conversation, and so has Africa. The inclusion of the African Union in the G20 – the intergovernmental forum representing 80% of global product and 75% of international trade – is testament to the continent’s rise as a partner that The world can no longer ignore it. A consortium of …

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