ECONOMY & NATION


IANS 05 August 2015
Taiwanese electronics giant Foxconn on Tuesday said it was going to invest in India across verticals like manufacturing, start-ups, energy and e-commerce portals and was also looking at bringing supply chain companies and major technologies here.   Addressing a media conference here,...

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IANS 04 August 2015
India's central bank kept its key lending rates unchanged during its monetary policy review on Tuesday, sticking to its stand that further cuts will depend on commercial banks passing on the previous reductions to borrowers, among other factors.   Reserve Bank of India Governor...

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IANS 04 August 2015
A court here on Monday issued fresh summons to four accused including Malaysian businessman T.A Ananda Krishnan in the Aircel-Maxis deal case.   Central Bureau of Investigation Special Judge O.P. Saini issued fresh summons to Krishnan, Augustus Ralph Marshall and two accused firms,...

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IANS 03 August 2015
A decline in interest rates, fuel costs, low base and pick-up in consumer sentiment helped the Indian automobile manufacturers report healthy sales figures for the last month on Saturday.   Passenger automobile major Maruti Suzuki's July sales grew by 20.1 percent to 121,712 units...

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Moneylife Digital Team 01 August 2015
Over the past few years, average apartment sizes are falling across all major cities, while consumers are demanding more lifestyle amenities; and entry of branded apartments is changing the real estate market in India, says a JLL India report   The past 10 years has been quire dynamic...

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IANS 01 August 2015
India will overtake China as the world’s most populous nation by 2022, says a new UN report that revises its previous estimates, which put the date around 2028.   In 2015, India had 1.311 billion people, according to the UN’s new estimates, against China’s 1.376 billion, a difference...

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Moneylife Digital Team 01 August 2015
Some unlisted companies are luring retail investors by issuing securities including NPS, NCDs in the garb of private placement, warns SEBI while issuing a list of 193 such entities   Market regulator Securities and Exchange Board of India (SEBI), while warning investors about...

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Leading FMCG company ITC Ltd. will shortly be foraying into dairy products, its chairman Y.C. Deveshwar said here on Friday.   "Dairy products are on the anvil," he said, during the company's Annual General Meeting.    He said ITC Ltd. has emerged as one of the fastest growing...

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Predicting a 7.6 percent growth rate for India, research firm Moody's Analytics on Thursday warned that the economic expansion might slow down due to lack of reforms.   The economic research and analysis firm's India forecast said that "The economy will likely expand 7.6 percent in...

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State-run telecom service provider Bharat Sanchar Nigam Ltd (BSNL) will invest Rs.6,000 crore over the next three years to set up some 40,000 Wi-Fi hotspots across the country, its chairman-cum-managing director Anupam Shrivastava has said.   "We are now thinking of rolling out wi-fi...

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American automobile manufacturer General Motors (GM) on Wednesday said it will invest around $1 billion in India.   "The Chevrolet brand is committed to India for the long-term. We will be investing about $1 billion into India in the next five years," GM's chief executive Mary Barra...

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The power ministry has disagreed with a Fact Checker article authored by Manoj K carried by IANS under the title "Power ministry: series of false claims, marginal improvements" on July 24.   Fact Checker is part of IndiaSpend, which calls itself a public-interest journalism platform,...

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The Supreme Court on Monday asked West Bengal's police chief to sit with the CBI director to determine the police personnel required by the investigating agency for continuing with its investigation into Saradha and non-Saradha chit fund scam cases.   A bench of Justice T.S.Thakur and...

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Key Indian equity indices lost over 1.8 percent on Monday, with investor mood spooked by proposals to regulate foreign funds better, even as lingering worries over retrospective taxes and a crash in Chinese markets further fuelled the fall.   In a development reminiscent of the moves...

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Tata Motors, a pioneer and market leader in the mini-truck segment in India, is working to develop innovative solutions on Tata Ace platform to cater to evolving needs of customers.   Tata Ace, which celebrated 10th anniversary here on Monday, is looking to maintain its leadership...

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The benchmark Shanghai Composite Index plunged 8.48 percent to close at 3,725.56 points, China.org reported   Chinese shares nosedived on Monday, in the biggest single-day fall in over eight years.   The benchmark Shanghai Composite Index plunged 8.48 percent to close at...

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Pune-based Kirloskar Brothers Ltd on Monday said it closed the first quarter with a profit of Rs.7.32 crore and has started a probe on breach of trust.   In a regulatory filing in BSE, the company said it had posted a net income of Rs.368.98 crore and a net profit of Rs.7.32 crore for...

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The government is working to revive sick fertiliser units and a financial revival package has been prepared for Fertilizers and Chemicals Travancore (FACT) and Madras Fertilizers Ltd.   "A proposal for seeking approval of the cabinet for financial revival package of FACT has been...

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In line with analysts' expectations, Reliance Industries on Friday said its consolidated net profit for the first quarter of this financial year was up 4.4 percent at Rs.6,222 crore (around $1 billion) from Rs.5,957 crore in the like quarter of last year.   On a stand-alone basis,...

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Moneylife Digital Team 24 July 2015
The Union government has proposed to strip the Reserve Bank Governor’s veto vote on India’s monetary policy   The government has released a draft version of the Indian Financial Code (IFC), which details various aspects of financial sector legislation including the monetary policy...

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