Author: PTI

“We would not like any state to tell us what to buy or not to buy from Russia any more than we would like any state to tell us to buy or not buy from America, that freedom of choice is ours and we think it’s in everybody’s interest to recognize that”

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The two-day meeting will convene leaders from government, the private sector, academia and civil society with the aim of accelerating the adoption throughout South Asia of Fourth Industrial Revolution technologies and making the most of the region’s distinctive demographic dividends

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The IHS Markit India Manufacturing PMI was at 51.4 in September, unchanged from August and thereby posting its joint-lowest reading since May 2018. This is the 26th consecutive month that the manufacturing PMI has remained above the 50-point mark.

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Bajaj Auto on 1 October reported a 20 per cent fall in total sales at 4,02,035 units in September. The company had sold 5,02,009 units in the same month a year ago. Domestic sales in September this year stood at 2,15,501 units as against 3,11,503 units, down 31 per cent, Bajaj Auto said in a regulatory filing.

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The fundraising is likely to be in range of $750 million to $1 billion, and the final figure will be arrived at based on the market response. The proceeds from the issue will be utilised for pruning debt of Bharti Airtel. Bharti Airtel’s debt stood at Rs 1.16 lakh crore as in June 2019.

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Domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018, it added. Sales of mini cars comprising Alto and WagonR stood at 20,085 units as compared to 34,971 units in the same month last year, down 42.6 per cent.

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