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  • Oberoi Realty Q1 results: Net profit drops 82% to Rs 28 crore - Its net profit stood at Rs 152.07 crore in the year-ago period, the Mumbai-based realty firm said in a regulatory filing.
  • PSBs to demand govt intervention to defer stake dilution deadline - If the government does not prevail over the regulator, it may end up breaching the Securities & Exchange Board of India?s mandate on promoter shareholding in listed companies which should not be more than 75 percent.
  • Gold edges above $1,800/oz, propped up by virus woes - Spot gold rose 0.2% to $1,805.83 per ounce by 10:42 am EDT (1442 GMT). U.S. gold futures fell 0.2% to $1,810.20.
  • Euro zone bond yields fall as markets turn cautious - Equities fell after Californian Governor Gavin Newsom ordered renewed measures on Monday to stem the rise in COVID-19 infections in America's most populous state, undoing weeks of reopening efforts.
  • Citigroup Q2 results: Profit plunges 73% as lender sets aside $8 bn for loan provisions - The largest US banks have so far stashed away more than $52 billion to prepare for possible losses this year as the economy heads into one of its worst recessions in decades.
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  • India seeks to speed up foreign deals with 'one-stop shop' - The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.
  • Why auctions for power projects don?t work in India - In the last 10 years, India has discovered auctions for itself. All kinds of public resources (such as 3G spectrum) or contracts (such as power purchase agreements, PPAs) are auctioned off.
  • Rupee ends 21 paise lower vs US dollar; snaps 3-day winning run - The rupee snapped its three-day winning spree against the American currency by falling 21 paise to 63.72 on fresh dollar demand from banks and importers in view of a firm dollar in the overseas market.
  • Late surge drives Nifty above 8,350, Sensex ends up 363 points - After consolidating for second straight day, late surge drove market on higher levels. The Sensex was up 363.30 points or 1.3 per cent at 27687.30 while the Nifty ended up 111.30 points or 1 per cent at 8373.65.
  • CNG price to be increased by 45 paise per kg in Delhi, piped cooking gas in NCR - The applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.05 per scm, which is being increased from existing Rs 26.55 per scm.