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US economy adds 559,000 jobs in May as firms still struggle to fill positions

US economy adds 559,000 jobs in May (AFP)

US economy adds 559,000 jobs in May (AFP)

1 min read . 04 Jun 2021AFP

The PLI Scheme will be implemented over a period of 5 years during FY22 to FY29. Photo: Aniruddha Chowdhury/Mint

Rules for white goods PLI scheme unveiled

1 min read . Updated: 04 Jun 2021

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Representational image. (Bloomberg)

PNB mega e-auction for properties: Check date and other details here

1 min read . Updated: 04 Jun 2021

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One year ahead expectations compared with the current situation dipped to 96.4 in May 20201 from 108.8 in March 20201

Consumer confidence slumps to an all-time low

1 min read . Updated: 05 Jun 2021

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The RBI in its monetary policy kept interest rates unchanged at record lows and committed to maintaining an accommodative policy stance to support growth. (Reuters)

'RBI's growth-supporting measures crucial for recovery from 2nd COVID wave'

4 min read . Updated: 04 Jun 2021

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UnearthInsight estimates a mere $750 million was spent on travel costs in FY21 by outsourcing industry compared to $2.9 billion in FY20.. Photo: iStock

India’s technology outsourcing sector’s carbon emissions down 85%: Report

1 min read . Updated: 04 Jun 2021

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RBI Governor Shaktikanta Das said we have major concerns around cryptocurrency (PTI)

RBI has 'major concerns around cryptocurrency': Governor Shaktikanta Das

1 min read . Updated: 04 Jun 2021

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Higher surplus transfer to govt an accounting issue: RBI

1 min read . Updated: 04 Jun 2021

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Chandrajit Banerjee, director general at Confederation of Indian Industry said that while keeping the policy rates unchanged, RBI’s move to continue to use its unconventional tools to keep yields stable amid a large government borrowing programme provides succour to keep the borrowing costs contained for the private sector. (Mint)

India Inc hails RBI’s decision to prop up covid-hit sectors

2 min read . Updated: 04 Jun 2021

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While it retains some room for an additional rate cut, short-term inflation concerns are likely to limit the scope for the same. Even if this option is considered, further easing will most likely be delayed beyond June, at a time when the economy can gain more traction from lower borrowing costs, Moody's Analytics said.

RBI expected to keep accommodative stance for 2 more quarters: Moody’s Analytics

2 min read . Updated: 04 Jun 2021

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h2e Power Systems is part of the Poonawalla Group,

h2e Power to develop India’s first hydrogen 3-wheeler

1 min read . Updated: 04 Jun 2021

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Among public sector banks, stocks of Bank of Maharashtra, Indian Overseas Bank, Central Bank of India, Bank of India , edged higher at 10.89%, 9.43%, and 3.12%, respectively, while stocks of Punjab National Bank, Canara Bank, and State Bank of India were down 1.14%, 0.83% and 0.82%, respectively. (Hemant Mishra/Mint)

Banks stocks mixed after RBI keeps repo rate unchanged

2 min read . Updated: 04 Jun 2021

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Titles like Tamil movie Malaysia to Amnesia have already started streaming

South leads direct-to-digital film releases in second covid wave

2 min read . Updated: 04 Jun 2021

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RBI recently announced that NEFT money transfer has now become 24X7 facility. (Mint)

NPCI's bulk payment system to be available 24X7 from 1 August

1 min read . Updated: 04 Jun 2021

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Amit Malhotra has served as regional lead for Disney+ in southeast Asia, where he was responsible for overseeing the launch and operations of the streaming services Disney+, Disney+ Hotstar and Hotstar

HBO Max appoints managing director for south east Asia, India

2 min read . Updated: 04 Jun 2021

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IDBI Bank Recruitment 2021 (Mint)

IDBI Bank Recruitment: Job for IT professionals, salary ₹1 crore. How to apply

1 min read . Updated: 04 Jun 2021

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The forex trading sentiment was further bolstered by robust capital inflows and domestic equity indices hitting fresh all-time highs as investors turned optimistic on BJP’s electoral success and positive global cues. Photo: Bloomberg

India's forex reserves may have exceeded $600 billion milestone

1 min read . Updated: 04 Jun 2021

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RBI governor Shaktikanta Das. (Mint)

RBI projects retail inflation at 5.1% in 2021-22

1 min read . Updated: 04 Jun 2021

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The RBI had kept key interest rates unchanged at the last MPC meeting held in April.

RBI cuts GDP growth forecast for current fiscal to 9.5%

1 min read . Updated: 04 Jun 2021

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The Exchange had sought clarification from Wockhardt Ltd with respect to the news. (Reuters)

India's next covid vaccine may come from Maharashtra as Wockhardt weigh vax tech

1 min read . Updated: 04 Jun 2021

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