National News

Indian Economy Zoom

 India's economy is in a "fairly good shape" and it is likely

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Founder of India's $4 smartphone firm arrested on allegations of fraud

MUMBAI (Reuters) - The founder of an Indian tech firm that shot to prominence by offering a $4 smartphone has been arrested on allegations of fraud, after a handset dealer accused the company

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Tata emerges strong to lead Indian market.

India's largest software services exporter TCS says it is confident of maintaining leadership position in the domestic market that is witnessing strong technology adoption in private as well

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March may see companies raising up to Rs 6,000 crore via IPOs

MUMBAI: At least half a dozen companies are set to raise Rs 6,000 crore in March or early April through initial public offerings (IPOs) in what would be the second best month for IPOs in last si

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DLF promoters to sell 40 per cent stake in rental arm to GIC

Real estate major DLF's promoters will enter into an exclusive pact with Singapore's GIC to sell their 40 per cent stake in the company's rental arm, DCCDL Ltd, for an estimated amou

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Indian IT industry contributes immensely to US economy: NASSCOM Washington:

The debate in the US over H-1Bvisas has become a political and emotive issue as there is a "yawning gap" between the facts and perception, IT industry body NASSCOM has said, contending

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Alibaba, Ant Financial invest about $680 million in Paytm, up stake to 40%

New Delhi: Chinese e-commerce major Alibaba Group Holding Ltd, along with investment firm SAIF Partners, are set to invest $200 million in Paytm’s online marketplace unit. Aliba

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AirIndia raising Rs 3,000 crore for purchasing four Boeing 787 planes

New Delhi: The government-owned Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund acquisition of four Boeing 787 planes. It plans to induct these four plane

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Companies looking to list on the BSE's SME platform need to have post-issue paid up capital of a minimum Rs 3 crore.

BSE Sensex closed higher by 216 points, or 0.75%, to 29,048, while the Nifty 50 rose 66 points, or 0.74%, to 8,963. Mumbai: The markets made a powerful comeback on Mo

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M&M divests 7.5 per cent Mahindra Holidays stake for Rs 274 cr

New Delhi: Mahindra & Mahindra today said it today divested 7.5 per cent stake in the group hospitality arm Mahindra Holidays & Resorts India Ltd (MHRIL) for around Rs 274.36 crore.

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Sensex extends gains, up 114 points on exit polls

Mumbai: The benchmark Sensex ended the week green, gaining 113.78 points to finish at 28,946.23, while the broader Nifty closed above the key 8,900-level, trending on BJP-gains in exit poll posi

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Stock markets likely to cheer BJP's strong show in UP, Uttarkhand

New Delhi: Stock markets are expected to cheer the stunning victory of BJP in UP Assembly polls and may scale to new highs on hopes of further economic reforms, say experts. Although

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Biscuit industry yet to recover from note ban impact

New Delhi: The biscuit industry in the country has taken a hit of up to Rs 700 crore and rural sales continue to suffer after the government scrapped old high value notes. "Due t

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Titan launches first smart wearable Fastrack Reflex

Fastrack, one of the most-loved youth fashion brand in the country owned by Titan, has announced its foray into the smart wearables segment with the launch of Reflex with a retail price of Rs 1,

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AWS India partner network registers 80% growth

AWS India, the cloud business of Amazon, has registered 80% growth in its AWS Partner Network (APN) to help it expand its business across the country, said Amazon Internet Services Managing Dire

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AirAsia announces discount on domestic, foreign travel

Malaysian no-frills carrier AirAsia today announced discounted fares, starting as low as Rs 899 for travel within India and Rs 4,999 for international flights for a limited period. The special l

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Reliance Commercial Finance appoints Devang Mody as CEO

New Delhi, Mar 14 Reliance Commercial Finance, a subsidiary of Reliance Capital, today announced the appointment of Devang Mody as chief executive officer. Prior to this, Mody s

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Nifty hits lifetime high; Rupee up 78 paise

Mumbai: Investor’s wealth increased by Rs 1.55 lakh crore on Tuesday amidst broad-based buying in domestic equities as a landslide victory enjoyed by the Bharatiya Janata

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Sensex starts with small gains, inflows continue to pour in

Mumbai: The Sensex struck a positive note today in the beginning on continued foreign inflows ahead of the expected hike in US interest rates. However, caution prevailed after retail

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Five Indians join World Economic Forum’s Young Global Leaders community

CHENNAI: Five Indians have joined the community of 100 leaders named as Young Global Leaders by the World Economic Forum. Blippar cofounder and CEO Ambarish Mitra

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HDFC Bank launches paperless, overdraft facility against shares in three minutes

LUCKNOW: Leading private bank HDFC Bank Limited has launched an instant Digital Loan against Securities (LAS) scheme, which the bank claims to be a first of its k

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Honda launches its new crossover WR-V in India

NEW DELHI: India on Thursday became the first global market to get the production version of the all-new WR-V from Honda. The crossover was launched at a starting price of Rs 7.75 lakh (ex sho

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Bank wallets growing faster than e-wallets

CHENNAI: In the bank versus e-wallets sweepstakes, the banks have now gained lost ground. As of February, the number of transactions put across through e-wallets have dropped 10% month on mont

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Corporate debt up to 55% of GDP from 49% a decade ago: RBI

Chennai: Corporate debt in emerging market economies including India, which used to average at 49% GDP nearly a decade ago, has now risen to 55% of GDP, said a latest RBI report.

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GST apps to ease your way to July 1

CHENNAI: The GST Council on Thursday paved the way for rolling out the new tax regime from July, clearing all legislations required for the ambitious reform measure. Several apps have cropped

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Marico acquires 45% stake in Beardo’s Zed

Mumbai: Parachute maker Marico has entered into a strategic investment in Zed Lifestyle, the owner of "Beardo" male grooming brand, by acquiring a 45% equity stake for an undisclosed

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TA puts $40m in tablet coatings co Ideal Cures

Mumbai: Global private equity major TA Associates will invest $35-40 million in Ideal Cures, a supplier of ready-to-use coating products for tablets to the pharmaceutical and allied industries

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Content writing will now fetch big bucks

CHENNAI: With just 8 months of experience, Madhumitha R, a content writer at a digital marketing firm receives Rs 28,000 per month, atleast 30% more than what content writers got about a year

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Par Panel wants UIDAI to adopt self-sustainable model

New Delhi, Mar 17 () The UIDAI, which provides all services for free, should explore pricing models to make itself self-sustainable and independent of government grants, a Parliamentary panel

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RoomsTonite shutting shop after Stayzilla debacle

CHENNAI: Its a bad summer for the hospitality trade. the Bengaluru-based online hotel aggregator, RoomsTonite is learnt to be downing shutters , shortly after Chennai-based Stayzilla shut shop

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India's solar capacity to cross 20GW in next 15 months:Goyal

New Delhi, Mar 17 () India's solar power generation capacity would cross 20,000 MW in the next 15 months from the current level of 10,000 MW, Power Minister Piyush Goyal said.

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Rupee continued to outshine weak US dollar over last week

It's been an action packed week for the forex market as overall sentiment undergone a sea change. Rupee continued to outshine against the beleaguered US dollar and ended at a fresh

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Govt considering FDI relaxation in multi-brand retail policy

New Delhi: The government is weighing the option of permitting overseas retailers to open stores for selling 'Made in India' products only a

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SBI advises some 100 Snapdeal sellers to cut outstanding loans

Bengaluru: The State Bank of India has sent advisories to nearly 100 sellers, coming under online  marketplace Snapdeal's capital-assist programme, to reduce  their outstanding loa

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ONGC seeks gas price review; wants floor rate fixed at $4.2

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost. India's largest natural gas producer demanded

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Sensex tanks 318 points, Nifty slumps below 9,100 on global clues

Sensex plunged by 318 points on Wednesday to close at nearly two-week low of 29,167.68 largely due to selling in auto, banking, meta

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Sensex gains as banks rally, but slips for week

Bengaluru: Indian shares rose for a second consecutive session on Friday as lenders rallied after Finance Minister Arun Jaitley said the government would soon announce new measures to tackle bad

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SpiceJet retains lead over Jet as 2nd most valued aviation company

New Delhi: Budget airline SpiceJet, which has surpassed Jet Airways to become the county's second most valued aviation company, continued to retain the position today. With a mark

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Kawasaki to launch Z900 in India on March 25

Kawasaki's most popular motorcycle in the Indian market, the Z800 is soon going to be replaced by the Z900. The Japanese bike maker will launch the new Z900 on March 25, 2017. Kawasaki India

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