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Just in:   • ICICI Bank's Q3 net profit rises 158% to Rs 4,146 cr  • China coronavirus: HK declares highest level of emergency  • CG Power seeks govt's nod to remove joint auditor  • CRISIL downgrades Vodafone Idea's debt on AGR liability  • Vivo grabs 2nd spot in India smartphone market for 1st time 
Last updated: 05 Sep, 2017  
 Industry News


ICICI Bank's Q3 net profit rises 158% to Rs 4,146 cr
SME Times News Bureau | 25 Jan, 2020
ICICI Bank has reported over two-fold increase in standalone net profit for the quarter ended December at Rs 4,146.46 crore. The net profit rose 158.36 per cent from Rs 1,604.91 crore reported in the year-ago quarter, the bank said here on Saturday.
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CG Power seeks govt's nod to remove joint auditor
SME Times News Bureau | 25 Jan, 2020
Fraud-hit CG Power and Industrial Solutions has sought the Centre's approval to remove K K Mankeshwar & Co (KKM) as one of its joint auditors due to certain alleged "unexplained" payments made to the auditor from the company.
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CRISIL downgrades Vodafone Idea's debt on AGR liability
SME Times News Bureau | 25 Jan, 2020
The downgrading spree continues for Vodafone Idea as rating agency CRISIL is the latest which downgraded its rating on Non-Convertible Debentures of Rs 3,500 crore.
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Vivo grabs 2nd spot in India smartphone market for 1st time
SME Times News Bureau | 25 Jan, 2020
Chinese smartphone maker Vivo created history by grabbing the second spot in the Indian smartphone market for the first time in the fourth quarter of the calendar year 2019.
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Private role in student housing likely to be vital
SME Times News Bureau | 25 Jan, 2020
Professionally-managed student accommodation (PMSA) providers will play a major role in the student housing segment due to rising demand for space with better facilities, according to joint report by Cushman & Wakefield and the Student Accommodation Providers Forum of India (SAPFI).
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SHEROES Network offers social commerce opportunity to users
SME Times News Bureau | 25 Jan, 2020
SHEROES, an app for women, is now enabling peer-to-peer social commerce and credit to the users on its network.
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GST credit against excise duty on petroleum products
SME Times News Bureau | 24 Jan, 2020
In a big relief to the oil sector, government may allow producers of petroleum and natural gas to claim credit for GST on all inputs, input services and capital goods being paid by them even though the output petroleum products including petrol, diesel, ATF remain outside the new indirect tax framework.
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Siemens to acquire C&S Electric for Rs 2,100 cr
SME Times News Bureau | 24 Jan, 2020
Siemens Ltd on Friday signed an agreement to acquire New Delhi-based C&S Electric Ltd for around Rs 2,100 crore.
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Sonata Software net up 18% in Q3
SME Times News Bureau | 24 Jan, 2020
Leading IT services and technology solutions firm Sonata Software on Friday reported Rs 76 crore consolidated net profit for the third quarter of 2019-20, registering 18 per cent annual growth from Rs 64 crore in the same period last year
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JSW Steel's Q3 consolidated net profit plunges 87%
SME Times News Bureau | 24 Jan, 2020
JSW Steel on Friday reported a 87 per cent decline in its consolidated profit during the quarter ended December at Rs 211 crore against Rs 1,624 crore in the same period of the previous year.
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  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Jan, 2020
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