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"​​The demerger of the hotel business has to come through, demerger of the IT company has to come through. The demerger of consumer company can come a little later but if that comes through, ITC is way off compared to the cash flows. Look at the cash flow versus valuation. I think there is no better company in this space."

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HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.

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A survey from the University of Michigan on Friday showed consumer sentiment improved further in October, but inflation expectations deteriorated a bit as average national gasoline prices moved back up towards $4 per gallon after falling over the summer.

The counter witnessed a double bottom formation that shows a change in trend and a momentum reversal from the prior leading price action. The overall structure looks lucrative as it trades above its all-important moving averages.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 10849.01 Crore) operating in Fertilisers sector.

ACC, Bank of Maharashtra, PVR, Can Fin Homes, Craftsman Automation, Heidelberg Cement, Spandana Sphoorty, Tata Coffee, Tata Metaliks and Oriental Hotels are among the companies that will announce their results for September 2022 quarter today.

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Japan’s Gojo-backed Aviom, with Rs 990 crore in loan assets, is in talks with a global pension fund and a domestic private equity fund for fresh capital infusion, founder-cum-managing director Kajal Ilmi told ET.

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The latest fundraising is in addition to a $2.5-billion (Rs 20,600 crore) offshore syndicated loan for which the telecom arm of Mukesh Ambani-owned Reliance Industries (RIL) is in talks with overseas lenders, as ET reported on October 10. This will be used for 5G network gear purchases from Sweden’s Ericsson and Finland’s Nokia.

DBUs to boost RBI's financial inclusion efforts: Das

Updated at : 2022-10-17 07:20:01

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The DBUs will augment our efforts to promote financial inclusion by providing banking services in a paperless, efficient, safe and secure environment. The specific financial services to be provided by the DBUs include, among other things, savings, credit, investment and insurance.

Oil bounces higher as U.S. dollar's strength eases

Updated at : 2022-10-17 07:20:01

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Member states of the Organization of the Production Exporting Countries and their allies, including Russia, lined up on Sunday to endorse the steep production cut agreed to this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing other nations into supporting the move.

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