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Canara Bank has lowered its one-month and overnight MCLR rates by five basis points, effective February 12. The new rates of 7.90% and 7.85% respectively will lead to reduced borrowing costs for customers. This move aligns with the RBI's aim for transparent interest rate transmission amidst growing credit demand.
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Indian companies saw mixed results in the December quarter. Consumer sectors like automobiles, banking, cement, and pharma performed well due to festive demand and GST cuts. However, labor code changes impacted profitability. Future trends will depend on rural demand, US trade measures, and raw material prices. Companies are focusing on new launches and efficiency to drive growth.
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Proposal would increase local accountability by setting water and electricity reporting requirements and water efficiency standards, and ensure community engagement.
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News and Media
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