ECONOMY & NATION


IANS 22 February 2016
Barcelona : Digital disruption will come to every industry in 2016, Ericsson president and CEO Hans Vestberg said at the Mobile World Congress (MWC) here on Monday and made announcements regarding 5G, Internet of Things (IoT) and cloud computing.   "Digital disruption will come to...

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IANS 22 February 2016
New Delhi : Ahead of the February 29 presentation of India's budget for the next fiscal, the government on Monday promised a growth-oriented budget that would also keep in mind the country's fiscal constraints.   "Given the fiscal parameters and other constraints, the effort of the...

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IANS 20 February 2016
Due to the Jat agitation in several parts of the state including the worst hit Rohtak, Jhajjar, Bhiwani and Sonipat, many workers in the three plants of the Maruti Suzuki remained absent   Maruti Suzuki India Limited (MSIL) on Saturday temporarily suspended the manufacture of cars at...

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IANS 20 February 2016
New Delhi : The government said on Friday that 15 coal washeries will be made operational by September next year, thus doubling the current number which has a total capacity of 38 million tonnes per annum.   This was conveyed to the parliamentary consultative committee attached to the...

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IANS 19 February 2016
New Delhi : Automobile major Honda Cars India (HCIL) on Friday announced a voluntary recall of 57,676 vehicles of previous generation models of City, Jazz and Civic.   According to the company, the exercise is being carried out as part of Honda's preventive global recall campaign...

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IANS 19 February 2016
Mumbai : With the profitability of Indian public sector banks (PSBs) severely dented as seen from recent third-quarter results, their credit profile will come under pressure unless they are adequately capitalised, Fitch Ratings said on Friday.   "Fitch's estimated capital need for the...

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RBI data reveals that less than 5% of potentially viable units in the MSME sector were revived during the past decade compared with the huge corporate debt restructuring that went bust. Time to rethink?   While stories of tens of thousands of crores of bad loans from big corporates...

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IANS 19 February 2016
New York : Indian-origin researchers have proposed a new method for detecting fraud from the payment-per-click model - a pricing model used for online advertising.   "If somebody likes something, they can click on the ad and go directly to the site. Hopefully, that translates to a...

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IANS 18 February 2016
According to a statement issued by KKR, it acquired the stakes from a sponsor group led by Analjit Singh, chairman emeritus of the Max group   Private equity firm KKR said on Thursday that it has acquired anapproximate 9.95% stake in Max Financial Services Ltd that owns 72% in Max...

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IANS 18 February 2016
On Thursday, the Toyota Motor Company said it would recall around 2.87 million vehicles globally owing to the possibility of their seat belts being damaged in an accident   None of the India made models figure in the global recall of around 2.87 million units by Japanese automobile...

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IANS 18 February 2016
The company had informed Bombay Stock Exchange on Sep 4, last year that the cash consideration payable for Invagen is $500 million and for Exelan it is $50 million   Drug major Cipla has acquired two US-based firms -- InvaGen Pharmaceuticals and Exelan Pharmaceuticals -- for $550...

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IANS 18 February 2016
India is relatively less exposed to external factors, including China slowdown and global capital flows   US agency Moody's Investors Service on Thursday forecast for India a "stable GDP growth at around 7.5% in 2016 and 2017", saying the country is relatively less exposed to external...

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IANS 18 February 2016
New Delhi : Tax exemptions are costing India's exchequer about Rs.200,000 crore annually and it is necessary to phase them out to provide a level playing field for domestic companies to make for a successful Make in India campaign, a finance ministry official said on Wednesday.   "In...

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Moneylife Digital Team 17 February 2016
India’s export growth contracted by 13.6% y-o-y in January, after contracting 14.7% in December   India’s export growth contracted by 13.6% in January, after contracting 14.7% in December.The weakness was largely price-driven, although export volumes also fell, says Nomura...

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IANS 17 February 2016
New Delhi : Leading Aircraft manufacturer Boeing and Kalyani Group company Bharat Forge Limited (BFL) on Wednesday announced the first shipment of BFL-made titanium flaptrack forgings for Boeing's Next-Generation 737 aircraft.   "Shipment of the first titanium forging from India is a...

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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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