India Finance and Business news

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Erosion in middle-class income to impact consumer goods companies: Euromonitor
Analysts at Euromonitor said households that fall in the social economic ... Even as the pandemic brings somber news for India's consumer goods ...

India rejects China#39;s "unilaterally defined" Line of Actual Control of 1959
India rejects China#39;s The assertion by the Ministry of External Affairs(MEA) came in response to comments by a Chinese foreign ministry spokesperson that China continues to follow its 1959 stand on the perception of the LAC.

Gold Edges Up Ahead Of Key US Presidential Debate
Gold has fallen more than 4 per cent this month and is on track for its worst monthly decline since November 2016.

RBI Appoints Director on Board of Dhanlaxmi Bank for 2 Years
In a regulatory filing, Dhanlaxmi Bank said the banking sector regulator through a letter dated September 28, 2020, has appointed D K Kashyap, General Manager, Reserve Bank of India, Bengaluru Regional Office as Additional Director on the board of the bank.

Faulty OFB ammunition takes a heavy toll on army
Faulty OFB ammunition takes a heavy toll on armyData analysed by the army shows that at least 403 accidents have taken place due to faulty ammunition since 2014, most of them suffered by infantry troops. More worryingly, the data shows that casualties due to OFB manufactured Ammunition and Armament are unacceptably high, with 27 soldiers losing their life and nearly 160 injured.

Headache for RBI as CPI spins north after food and meat turns exorbitantly costly
Headache for RBI as CPI spins north after food and meat turns exorbitantly costly. Read full details

New COVID bill dampens hopes for defense industry aid
New COVID bill dampens hopes for defense industry aidDemocrats unveiled a coronavirus relief package Monday night, seen as a strong sign the billions the defense industry has sought may not be coming.



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