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IL&FS Paradip Refinery Water Limited (IPRWL) was a project set up to meet the entire water requirement of the 15 MTPA Paradip Refinery Project developed by IOC in Odisha.

"We expect gold prices to trade sideways to up for the day with COMEX Spot gold support at $1,850 and resistance at $1,890 per ounce. MCX Gold April futures support lies at Rs 49,300 and resistance at Rs 49,900 per 10 gram," Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

Nestle India, Ambuja Cements, Veritas (India) and Vasa Retail & Overseas will announce their December quarter results today.

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The manufacturing and services remain in expansion with optimism on demand parameters and uptick in consumer and business confidence, RBI said in a note prepared by its economic and policy research team. “The renewed emphasis on public investment through infrastructure development is expected to crowd-in private investment and strengthen job creation and demand in 2022-23,” RBI said in the note on the state of the economy.

Zombie firms eating up bank resources: Study

Updated at : 2022-02-17 07:25:02

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Zombie firms are those that often survive longer than desirable taking advantage of countercyclical policy support, thwarting the process of reallocation of resources from weak and vulnerable firms to strong firms having high growth potential.

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Surging inflation has spurred some US central bankers to revise up their outlook for rate increases this year, while both Democrats and Republicans are urging the Fed to get price pressures under control.

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The Dow Jones Industrial Average fell 54.57 points, or 0.16%, to 34,934.27, the S&P 500 gained 3.94 points, or 0.09%, to 4,475.01 and the Nasdaq Composite dropped 15.66 points, or 0.11%, to 14,124.10.

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Charlie Munger showed no such mercy for cryptocurrency, saying he wished it had been banned from the start.

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Surging inflation has spurred some US central bankers to revise up their outlook for rate increases this year, while both Democrats and Republicans are urging the Fed to get price pressures under control.

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“Towards the redemption of subordinated debt amounting to Rs. 895 crores, please be informed that the Company has decided not to exercise the call option due on Friday, 25th March 2022,” the insurer said in a stock exchange notification.

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