ECONOMY & NATION


IANS 10 August 2016
Tata Chemicals on Wednesday said it has sold its urea business to Yara Fertilisers India Private Limited for a consideration of Rs2,670 crore.   "The Board of Directors has accepted the transfer of the business of sale and distribution of urea and customised fertilisers, manufactured...

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IANS 10 August 2016
 Various airlines on Tuesday announced discounted fares to attract flyers during the lean travel season.   National passenger carrier Air India through its scheme “Monsoon Sale” announced discounts on select sectors in the economy class for travel on both domestic as well as on the...

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Moneylife Digital Team 10 August 2016
What has been till date a closed group discussion has now come out in the open as a war with incumbent service telecom providers accusing Mukesh Ambani-led Reliance Jio (RJio) of choking their network through heavy voice call traffic. What is more surprising in this matter is, industry body...

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Shreya Shah (IANS) 10 August 2016
Fertility rates in India are more closely related to education levels and the socio-economic development within a state, than to religious beliefs, according to an IndiaSpend analysis of government data and research evidence.   The evidence we analyze shows that richer families,...

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IANS 10 August 2016
Robbers cut through the roof a train coach in Tamil Nadu and escaped with cash belonging to the Reserve Bank of India (RBI), police said.   The audacious robbery came to light when the Salem Express reached Chennai from Salem in the state.   According to officials, the RBI...

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IANS 09 August 2016
Having received sufficient rains in this monsoon so far, the people of Latur on Tuesday morning bid goodbye to the unique 'Jaldoot' water train which had been supplying drinking water to the city since April, a top official said.   Resident Deputy Collector Narayan Ubale said the...

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IANS 09 August 2016
'Iron Lady' Irom Sharmila on Tuesday ended her 16-year-long fast against the AFSPA and announced her intention to join politics.   Doctors removed the nasal feed tube from Sharmila, who has been on fast unto death since 2000 to protest the imposition of the draconian Armed Forces...

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IANS 09 August 2016
The base price and the quantum of airwaves on offer make the next round of spectrum auctions the largest ever. But the high reserve price, notably for the 700 MHz band, and time still for the expiry of existing holdings could make the response muted, analysts warn.   The views of six...

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Nikhil M. Babu (IANS) 09 August 2016
It should have taken 30 days for Sanjaya Kumar (27) from Odisha to withdraw his father's provident fund of Rs40,000, the post-employment, rainy day retirement stash that companies must compulsorily deduct from salaries.   Instead, more than 1,825 days have passed since Kumar's father...

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IANS 09 August 2016
Former Chief Minister of Arunachal Pradesh Kalikho Pul has committed suicide at the chief minister's residence in capital city Itanagar, the state police said on Tuesday.   Arunachal Pradesh Deputy Chief Minister Chowna Mein confirmed the news to IANS.   The police said that...

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IANS 09 August 2016
Market regulator Securities and Exchange Board of India (SEBI) has told the Supreme Court that ponzi schemes do not fall under its regulatory regime and it was for the state governments to act against them.   The SEBI told a bench of Chief Justice T.S. Thakur, Justice A.M. Khanwilkar...

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IANS 09 August 2016
Marking a major leap towards enforcing a unified tax regime in the country, Parliament on Monday gave its nod to the constitutional amendment bill on a Goods and Services Tax (GST) in what is seen as the most radical indirect tax reform since Independence.   The Lok Sabha voted for...

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IANS 09 August 2016
Global chip maker Intel would pay Rs16.5 crore by August 28, as directed by the Karnataka High Court, to the city's civic corporation towards property tax arrears, an official said on Monday.   "Intel India gave in writing that it would abide by the High Court order to pay 50 per cent...

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IANS 09 August 2016
 The beleaguered micro-blogging website Twitter is looking to rent space at its headquarters in San Francisco to other companies.   According to sfgate.com, Twitter has contacted San Francisco brokerage firm Cresa to market 183,642 square feet of "fully furnished" office space at its...

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IANS 09 August 2016
The Reserve Bank of India's (RBI) decision to leave the policy interest rates untouched was in line with the predictable and transparent monetary policy, said global credit rating agency Moody's Investors Service.   The central bank's decision to leave policy interest rates unchanged...

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Moneylife Digital Team 09 August 2016
The Reserve Bank of India (RBI), in its third bi-monthly credit policy review on Tuesday for FY2016-17 has kept the policy rates unchanged. The repo rate will remain at 6.50% while the reverse repo rate under the liquidity adjustment facility (LAF) will also remain at 6%. The marginal...

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Moneylife Digital Team 08 August 2016
US-based information technology (IT) company Cognizant Technology Solutions has cut its US dollar revenue growth guidance to 8.5%-9.5% year on year (y-o-y) from 10%-13% for CY2016. Cognizant has forecast revenues from $13.47 billion to $13.60 billion for CY2016 versus $13.65 billion and $14...

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Moneylife Digital Team 08 August 2016
The Indian government set the inflation target at 4% with plus or minus 2% until 2021 in line with the report of Urjit Patel Committee, appointed by the Reserve Bank of India (RBI). However, reaching and sustaining inflation at 4% may not be easy and this time, there will be no rate cut says...

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IANS 08 August 2016
The Comptroller and Auditor General (CAG) of India has slammed the "over-reporting and incorrect reporting" of crude oil production by the ONGC, and recommended that the company should not include items like condensate, basic sediment and water as crude oil production.   "The...

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IANS 08 August 2016
A deafening blast ripped through scores of mourners in a Quetta hospital on Monday killing 93 people, mainly lawyers, in this year's bloodiest terror attack in Pakistan, officials said.   Balochistan Health Minister Rehmat Baloch blamed a suicide bomber for the carnage that took place...

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