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The facility was launched through token transactions using the UPI-PayNow linkage. PM Modi called the venture a new milestone in relations between the two countries. "The linkage of Unified Payments Interface (UPI) and PayNow is a new milestone in India-Singapore relations and its launch is a gift to the citizens of the two countries," PM Modi said.

Lagarde said the ECB was monitoring wage growth "very, very closely" because it is a key driver of inflation but the current catch up process was quite normal.

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Nifty operating margins (ex-financials) grew 230 bps QoQ to 17% driven by savings on the back of lower raw material costs>> For more such web stories click on the ET icon below

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There shall be no change in trading hours for other interest rate derivative contracts, it said. All existing expiry contracts with expiry day beyond February 23, 2023, and all new expiration contracts introduced thereafter will be available for trading till 5 pm on expiry day.

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Putin said Russia was suspending a landmark nuclear arms control treaty, announced new strategic systems had been put on combat duty and warned that Moscow could resume nuclear tests. He also took a swipe at business elites in a wide-ranging address to both houses of parliament

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The Dow Jones Industrial Average fell 127.00 points, or 0.38%, at the open to 33,699.69.

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The regulator found in its investigation that Utkarsh and Vanya sold shares and created misleading appearance of trading in the market for the days on which such trading took place

That ended seven straight months of the index being below the 50 mark, which indicates contraction in the private sector. The services sector accounted for the rise in business activity, while manufacturing remained weak. Economists polled by Reuters had forecast the flash Composite PMI Output Index at 47.5

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The market rallied, with Brent briefly turning positive, after better than expected business activity surveys in Europe and the UK pointed to a less gloomy European economic outlook than previously feared

India equities corrected 4.6% after US-based short-seller Hindenburg report on Adani group created some panic in the Indian financial market. However, markets pared losses over the past four weeks as the situation stabilized. The Nifty index was up 0.9% last month, while the MSCI World index gained 2.9% and the MSCI Asia ex-Japan index fell by 2.7%

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