ECONOMY & NATION


IANS 17 February 2016
New Delhi : Talent, recruitment and health solutions player Aon Hewitt on Wednesday said e-commerce industry leads its annual salary increase survey in India by forecasting a projected salary hike of 15.6 percent for the industry in 2016.   E-commerce is followed by Life Sciences with...

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Moneylife Digital Team 17 February 2016
Indian authorities, probing the Rs55,000 crore PACL scam, are likely to request Australian authorities to freeze assets bought by the company there, by funnelling investors' money   Indian authorities are likely to meet Australian Federal Police over next the few days and request them...

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IANS 16 February 2016
New Delhi : Software services provider HCL Technologies (HCL) said on Tuesday that it has acquired the external IT business of commercial vehicles manufacturers, Volvo Group.   "HCL has also acquired Volvo's external IT business, adding 40 new customers from the Nordics and France to...

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IANS 16 February 2016
Chennai : Japanese automobile major Nissan Motor Company has sent a notice to Ashok Leyland Ltd terminating its technology development joint venture Nissan Ashok Leyland Technologies Pvt. Ltd over non-payment of royalty, said a source.   The joint venture company is owned in 50:50 by...

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G Manthran 16 February 2016
The rot has spread faster in IDBI Bank due to too much easy money from the government for too long without any heads rolling    IDBI Bank has incurred the second highest ever quarterly loss among all the banks, of Rs2,184 crore for the quarter ended 31 December 2015. This is the...

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IANS 16 February 2016
New Delhi : India's Income Tax department has resolved 180 disputes worth Rs.5,000 crore since April 2014 under a mutual agreement procedure (MAP), the government said on Tuesday.   "The Central Board of Direct Taxes (CBDT) resolved cases pertaining to various sectors of the economy...

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IANS 16 February 2016
Non-petroleum exports also declined 10.6% to $19,116 million from $21,371 million year ago and 9.6% in 10 months to $1,92,408 million from 2,12,730 million   Exports declined 13.6% in January in dollar terms over the same month year ago, with no let-up in the last 13 months, the...

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IANS 16 February 2016
The measure, announced on January 29 by the BoJ, applies a negative interest rate of minus 0.1% to deposits that Japanese financial institutions place at the BoJ   The negative interest rate recently approved by the Bank of Japan (BoJ) for certain bank deposits, came into force on...

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IANS 15 February 2016
Mumbai : Day Three of the mega 'Make in India Week' here got down to specifics, with central and state ministers explaining why today's investment climate in the country is conducive for global investors in a host of areas, ranging from from energy to entertainment.   If Maharashtra...

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IANS 15 February 2016
New Delhi : Thanks to the seasonal softening in the food prices and a sharp drop in fuel costs, India's annual wholesale rate of inflation declined marginally to (-)0.90 percent for January from (-)0.73 percent for the month before, official data showed on Monday.   The anual...

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IANS 15 February 2016
Bengaluru : Leading online job portal Monster.com on Monday said the information technology (IT) sector continues to be the highest paying in India among Banking Financial Services and Insurance (BFSI) and manufacturing sectors.   According to 'Monster Salary Index' (MSI), IT...

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V. Jagannathan (IANS) 11 February 2016
Chennai : The distress in India's banking system is becoming evident by the day with more of these financing institutions reporting poor results in the third quarter of this fiscal, amid mounting bad loans. What is more, the stress is more pronounced in state-run banks.   "Such...

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Moneylife Digital Team 11 February 2016
The air of optimism in second quarter rolled over to the third quarter and sales across eight major cities in India improved 15%, says Liases Foras in a research note   The performance of the Indian real estate sector during the third quarter as been encouraging and reflects...

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IANS 10 February 2016
New Delhi : In a bid to tackle the issue of call drops, the telecom watchdog will hold a survey again in April in a couple of more cities, while also mulling over use of cable connections to deliver broadband.   Stating this at a seminar here on Tuesday, R.S. Sharma, chairman of the...

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IANS 09 February 2016
Berlin : German industrial output and exports declined in December 2015, official data showed on Tuesday, indicating a shaky growth of Europe's biggest economy.   Adjusted for seasonal swings and inflation effects, production in German industrial sector fell by 1.2 percent from the...

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IANS 09 February 2016
Tokyo : Japan shares ended the trading Tuesday sharply lower, with benchmark Nikkei stocks index plunging over five percent on the yen's rapid appreciation to a about 15-month high.   The 225-issue Nikkei Stock Average plunged 918.86 points, or 5.40 percent, from Monday to 16,085.44,...

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IANS 08 February 2016
New Delhi : The Indian economy grew 7.3 percent in the third quarter ended December 31, 2015 -- down from the 7.7 percent expansion in the previous quarter, but marginally up over the 7.1 percent over the like period of last fiscal, official data showed on Monday.   As per official...

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Moneylife Digital Team 08 February 2016
PACL not only roped in Brett Lee as its brand ambassador, but also invested millions of dollars in Australia. Also, the Ponzi company's directors, including promoter Bhangoo's daughter and son-in-law, were seen living in lavish properties in Australia   PACL Ltd, formerly known as...

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IANS 08 February 2016
New Delhi : India's Income Tax department has issued refunds of Rs.1 lakh crore in the current fiscal up to January this year, a senior official said on Monday.   "The Income Tax department has so far issued refunds of Rs.1 lakh crore to 1.75 crore assessees in 10 months of the...

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IANS 08 February 2016
New Delhi : Leading online restaurant booking and food ordering application (app) firm Zomato on Monday claimed achieving break-even or operating profit in its business across India and five countries in South East Asia and the Gulf region.   Other countries are Lebanon, Qatar and...

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