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Currency market shut today on account of Buddha Purnima

the volatility in spot may continue and 75.30-75.50 will act as a strong support and we may see a bounce towards 76.50 level, says Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.




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Buy USDINR; target of 76.20 - 76.40: ICICI Direct

ICICI Direct The USDINR pair managed to close above 76 levels as the US Dollar index moved near 100 levels. Negative tic equities and selling by FIIs are likely to keep the rupee move in check.




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Buy USDINR; target of 76.10 - 76.30: ICICI Direct

ICICI Direct The USDINR pair managed to close above 76 levels as US Dollar index moved near 100 levels. Negative domestic equities and selling by FIIs are likely to keep the rupee move in check.




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Jaguar launches F-Type facelift at Rs 95.12 lakh

The mid-life update was first unveiled in 2019 and the launch was scheduled for this year, but thanks to the coronavirus, there hasn’t been a big event or any fanfare. Instead, the company silently announced the price and put the car up for sale.




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Mercedes-Benz product roadmap intact, but deferred; 2020 E-Class launch now likely next year

In a live chat with Overdrive on Instagram, Martin Schwenk, MD and CEO of Mercedes-Benz India said that while the product roadmap remains unchanged, it has been deferred. Mainly affected by this is the launch of the Mercedes E-Class facelift.




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Volvo partners with Luminar for LiDAR tech; plans to sell self-driving cars by 2022

For those of you who don’t know, LiDAR stands for Light Detection and Ranging. It emits millions of pulses of laser light to create a 3D map of its surroundings.




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Coronavirus pandemic | How my boss monitors me while I work from home

One main feature of Hubstaff is an activity monitor that gives managers a snapshot of what an employee is doing. Broken down in 10-minute increments, the system tallies what percentage of time the worker has been typing or moving the computer mouse. That percentage acts as a productivity score.




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Xiaomi Mi 10 flagship with 108 MP quad-camera setup, Snapdragon 865 to launch today

The company is also launching the Mi Box (A device that can convert a regular TV to a smart TV) and new true wireless earbuds alongside the Mi 10.




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Xiaomi Mi 10 5G with Snapdragon 865 SoC, 108 MP Camera, launched in India: Check Price, Specifications, Offers

The Xiaomi Mi 10 is priced in India starting from 49,999.




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Importance of railways goes away now: Former Rail Minister

Dinesh Trivedi, Former Rail Minister, said: "If you don’t have a separate Budget for railways the importance for railways goes away. You don’t need a railway minister, merge it with surface transport."




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Investments for rlys won't go down after merger: Yashwant Sinha

Speaking to CNBC-TV18 Former Finance Minister Yashwant Sinha said the railways can’t be treated like any other department. "My own feeling is that the Finance Minister will have to grant a lot of autonomy to the Ministry of Railways, he said.




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Rlys won't have to pay dividend under merged Budget: Fin Secy

Once the circular is issued Budget exercise will kick off, Finance Secretary Ashok Lavasa told CNBC-TV18. Under the contours of the merged Budget, gross budgetary support to Railways Ministry will continue, so will the commercial arrangements of Railways Ministry, he said.




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‘Merging Budgets will bring railways to center stage of policy’

With plans to remove classification according to plan and non-plan expenditures, Shaktikanta Das says the government has already started conducting dry runs of a budget without plan and non-plan expenditures.




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Budget overhaul: 2017 may be a breakout year for policy making

The Cabinet decision to bring forward the presentation of the union Budget and merge the Railway budget with it, along with a likely roll-out of the Goods and Services Tax from April 1 next year, could well make 2017 a breakout year for policy-making.




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FM Jaitley takes dig at Rahul's demand for separate farm Budget

At a press briefing, Jaitley announced that the Cabinet headed by Prime Minister Narendra Modi has decided to scrap nearly a century old practice of having a separate railway budget and merging it with general budget.




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'Merger of Budgets a step towards privatisation of Railways'

"The abolition of a separate railway budget is not what it is purported to be. It is a measure towards commercialisation and privatisation of the Indian Railways," CPI(M) Politburo said in a statement.




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Need for Kisan Budget as PM Modi govt not paying heed to farmers

"They (farmers) fear that BJP government and Arun Jaitleyji will not give farmers their rightful share so I have asked the government to directly tell what it will do for the farmers next year", the Congress vice-president stressed.




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Finance Ministry issues instructions for Budget 2017-18

The instructions were issued following the Cabinet decision to merge rail and general Budgets, do away with distinction between plan and non-plan expenditure, and advance date of Budget presentation with a view to complete the entire exercise before March 31, the fiscal year end.




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Parliamentary panel to examine merger of Budgets

With the Cabinet's approving the merger of Railway Budget with General Budget, the parliamentary panel on finance has decided to 'examine' the move along with its "ramifications thereof".




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Finance Ministry may talk to EC before finalising Budget date

The elections in five states, he said, are likely to be held in phases and the government in no way wants any of them to clash with the Budgetary exercise.




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Uber redBus partner with ixigo for train travellers

ixigo, India’s leading mobile travel marketplace has announced partnerships with Uber and redBus to enable instant bookings for cabs and buses natively within ixigo trains app.




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RBI latest meeting 'diluted' its old policy framework: Nomura

On Tuesday, the central bank surprised the market with a 25-basis-point cut to its policy repo rate, or the rate at which it lends to banks, to 6.25 percent.




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Jhunjhunwala-partnered fund buys stake in TFCI: What's buzzing?

In an interview with CNBC-TV18, Satpal Arora, MD of Tourism Finance Corporation of India (TFCI), talked about the state of business and the outlook ahead.




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Flipkart records highest-ever single day sale, grosses $200mn

This is the biggest ever single day sale for Bangalore-based Flipkart, since the time the company started in 2007.




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Subramanian Swamy seeks ban on import of cement from Pakistan

"Allowing imports of cement from Pakistan, therefore, carried with it the additional risk in that it provides an effective cover for smuggling of contraband goods and harmful weapons and ammunition concealed in cement bags which comes in rakes and trucks, in the hands of disruptionist elements," he said.




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Scope for meaningful rate cuts going ahead: Neelkanth Mishra

Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.




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Bond bull market may pause but is far from over: Expert

The benchmark 10-year government-security yield remained stuck in 8-7.5 percent range through all of 2015 and half of 2016, moving lower to sub-7 percent only when the RBI promised in April to reduce the system's liquidity deficit. The yield may now fall more.




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Moneycontrol Exclusive: Govt plans overhaul of tax administration for smooth GST rollout

The government has readied plans for a major change in India’s tax administration structure, including overhauling the Central Board of Excise and Customs (CBEC) to ensure a glitch-free roll-out of a nation-wide goods and services tax (GST).




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Sensex, Nifty wobbly; Hind Zinc, SBI, Force Motors most active

Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki are top gainers while ONGC, Axis Bank, MM, Bajaj Auto and Hero MotoCorp are major losers in the Sensex.




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BIG STORY | The dynamics of fuel pricing

In this edition of Big Story, Moneycontrol#39;s Sakshi Batra shares her insight on the fuel hike and how will it impact us.




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COVID-19 impact | Indian auto industry pushed back by four years

If there is no direct government intervention to uplift demand then the auto industry is staring at its worst year ever.




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BIG STORY | States raise taxes on liquor, petrol and diesel to make up for lost revenue

In this edition of Big Story, Moneycontrol#39;s Sakshi Batra shares her insight on how states are imposing alcohol taxes to generate revenues.




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Despite lull in hiring, professionals with these top tech skills are in high demand

According to Vikram Ahuja, co-founder, Talent500 by ANSR Consulting, a recruitment platform, there is a huge demand for a full stack developer as firms are now looking at doubling their product development.




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Droom Jumpstart Doorstep Vehicle Service Announced For Bikes, Scooters & Cars

Droom has announced a doorstep vehicle maintenance service in India. Called the ‘Jumpstart', the service will cater to all two-wheeler and four-wheeler vehicles. The service is being offered in light of the ongoing Covid-19 pandemic in the country.




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Hyundai EMI Assurance Program Announced: Supports Working Individuals For Car Loan Repayments

Hyundai India has announced a unique ‘EMI Assurance' program due to the Covid-19 pandemic in the country. The new initiative supports working individuals with repayment of car loans in case any employment uncertainty.




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Ashok Leyland Records Zero Sales Figures For The Month Of April Amidst COVID-19

Ashok Leyland has released the sales report for zero sales in April due to the COVID-19 pandemic. The nationwide lockdown was supposed to be lifted by May 4 but seeing the current scenario, the government has further extended it to May 17.




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Honda Plans A Sub-4 Metre Compact SUV For India — Likely To Be Called ZR-V

Honda is reportedly planning a sub-4 metre SUV for the Indian market. Like the other cars in the portfolio, like the CR-V, BR-V and WR-V names, the company is likely to call it the ZR-V at the time of launch.




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BMW India Announces Resumption Of Limited Operations At Chennai Facility

BMW Group India has announced a start in operations at their Chennai based facility today. Operations have begun in accordance with guidelines issued by local authorities. Production at the facility has started with less than 50 per cent of the company's




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Lamborghini Huracan EVO Rear-Wheel Drive Spyder Launched Via Augmented Reality — An Industry First

Italian supercar manufacturer, Lamborghini, has virtually launched its Huracan EVO Rear-Wheel Drive Spyder in augmented reality, an unprecedented, and definitely an industry first for an unveiling.




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New Mahindra Thar Spied Ahead Of India Launch: Testing Resumes As Lockdown Eased

The 2020 Mahindra Thar has been spotted testing ahead of its launch in India. Vehicle testing has resumed as the nation-wide lockdown has been eased in certain states across the country.




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Skoda Octavia RS 245 Deliveries: 44 Out Of 200 Allocated Units Sold In Bengaluru

Skoda Octavia RS 245 deliveries have commenced in the country. The company has started to deliver the performance sedan as the nation-wide lockdown has been eased at select cities including Bengaluru.




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Maruti WagonR BS6 CNG Mileage Figures Highest Among Its Rivals: India’s Most Fuel Efficient CNG Car

Maruti Suzuki was among the first brand's in the country to offer factory-fitted CNG technology. The company offers CNG-powered variants on a number of their popular models, including the WagonR and the Alto.




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Nissan Kicks BS6 Officially Revealed: Here Are All The Details

Nissan India has officially revealed the Kicks BS6 in the Indian market. The upcoming SUV will feature a host of upgrades over the previous-gen BS4 models. The Nissan Kicks BS6 will be offered in four variants, and two engine and transmission options to choose from.




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Mahindra Launches ‘Own-Online’ Retail Platform In India: Purchase Your Car Online In Just 4-Steps

Mahindra has announced the launch of its new 'Own-Online' retail platform. The new online platform from Mahindra promises to be India's most complete, end-to-end, online vehicle ownership solution.




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New Maruti Suzuki Dzire Spotted At Dealer Yard For First Time Since Launch

The new Maruti Suzuki Dzire has been spotted at a dealer's yard for the first time since it was launched in the Indian market. The images of the new Dzire by Gaadiwaadi have surfaced indicating deliveries will begin soon.




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Tata Nexon EV Driving Range Expected To Increase Because Of Updates In Future

The Tata Nexon EV driving range is expected to increase with future updates made to the compact-SUV. Future updates are also expected to improve Nexon EV's performance as well.




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COVID-19 Lockdown: Hyundai Dealerships Register 170 Units Of Sales Since Restart Of Operations

Hyundai India recently announced that it will be restarting its operations in India from the 6th of May 2020. The company has slowly started to reopen dealerships across India in a phase-wise manner, as per the government's lockdown relaxation guidelines in many parts of the country.




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New Skoda Enyaq Electric SUV Teasers Released: Here Are All The Detail Of Skoda’s First EV Model

Skoda Auto has released the first set of teaser images of its electric SUV, the Enyaq iV. The new Skoda Enyaq will be the brand's first full-electric SUV and will be based on Volkswagen's MEB electric vehicle platform.




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Customers Want Their Booking Amount Refunded For Cars Post Lockdown

Due to the nationwide lockdown, amidst COVID-19, the automobile industry along with others are suffering huge losses. Now, since the Government has put an ease on the curfew businesses across have started to resume.




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Hyundai Unique Finance Schemes Announced: Five Ways To Own A New Car

Hyundai India announces unique finance schemes for new vehicle ownership in the country. The new finance schemes are aimed to offer increased convenience and ease of ownership with new vehicle purchases.