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Sensex, Nifty hit fresh highs on earnings hopes

DNMUM392641 | 7/18/2017 | Author : DNA Money Correspondent | WC :188

Mumbai : Dalal Street closed Monday’s session in the green on renewed strength of the benchmark indices on optimism about corporate earnings.
While the BSE Sensex closed at a fresh high of 32074.78, after jumping 54.03 points, or 0.17%, Nifty closed over the 9900 level for the first time at 9915.95, after inching up 29.60 points, or 0.30%.
Investors’ optimism about encouraging first quarter earnings report by blue-chip companies in the days ahead, clubbed with smooth sailing of monsoon, led the gains.
Wipro emerged as the biggest gainer rising 3.12% ahead of its Board meeting to discuss buyback of shares while Infosys was up 1.37%. Adani Ports, ICICI Bank, Cipla, Hindustan Unilever and Reliance Industries were among other
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Accountability must start from the top
DNMUM408317 | 2/22/2018 12:00:00 AM | Author : Arun Krishnan | WC :554

Punjab National Bank (PNB) has been in the news for all the wrong reasons. The scam involves the sanctioning of Letters of Understanding (LoUs) to Nirav Modi and his companies without accompanying credit limits or margin money being paid to the bank.
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The myth of college dropouts
DNMUM408318 | 2/22/2018 12:00:00 AM | Author : Sanchit Khera | WC :726

With so many success stories about college dropouts in the US, Indian chief executive officers (CEOs) are making their own mark in the trend. They struggle early on, try to push through and eventually drop out of their universities.
However, the
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EPFO cut may hurt employee sentiments
DNMUM408319 | 2/22/2018 12:00:00 AM | Author : Edit | WC :226

The move by Employees Provident Fund Organisation (EPFO) to cut the interest rate on EPF to 8.55% is not entirely unexpected. But it will surely leave over six crore employees subscribed to EPFO dejected. Now the government has a task at hand of conv
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Quarterly GST returns filing may be extended to all cos
DNMUM408320 | 2/22/2018 12:00:00 AM | Author : Anjul Tomar | WC :347

New Delhi: The government may change the goods and services tax (GST) returns filing periodicity from monthly to quarterly to make it simpler for all businesses to file their taxes.
The requirement of filing three GST returns in a month is also l
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