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Jaitley to leave for 5-day official visit to Britain

February 23, 2017

NEW DELHI: Union Finance Minister Arun Jaitley would leave on Friday morning for a five-day visit to Britain during which he will hold a businesses interaction with UK-India Business Council and deliver a lecture at London School of Economics, an official statement said. "Union Minister for Finance Arun Jaitley will leave early morning tomorrow on...

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No plans to introduce Rs 1,000 notes: Shaktikanta Das

February 22, 2017

NEW DELHI: Ending all speculation about new Rs 1000 notes, on Wednesday Economic Affairs Secretary Shaktikanta Das said there are no plans to introduce new Rs 1000 notes. In a statement Das said that “No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes,” The statement cames a da...

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Satya Nadella meets IT Minister Prasad

February 21, 2017

NEW DELHI: Indian-born Microsoft CEO Satya Nadella on Tuesday met Union IT and Electronics Minister Ravi Shankar Prasad here. The details of the meeting and the talks were yet to emerge but Nadella, after visiting Bengaluru on Monday, was scheduled to call on the minister before heading to address "Future Decoded" --Microsoft's two-day flagship te...

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Trump can be a blessing in disguise for IT players: Ambani

February 16, 2017

Mumbai, Feb (PTI): As US president Donald Trump keeps the world on tenterhooks with his protectionist ways that can have a debilitating impact on the Indian IT sector, RIL Chairman Mukesh Ambani on Wednesday advised the industry to look at it as a blessing in disguise to focus on home market. "Trump can actually be a blessing in disguise. The dome...

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India's January retail inflation eases to 3.17%

February 13, 2017

NEW DELHI: India's annual retail inflation eased to 3.17 per cent in January from 3.41 per cent in December and 5.69 per cent reported during the corresponding period last year, official data showed on Monday. According to Consumer Price Index (CPI) data released by the Central Statistics Office (CSO), the fall in retail inflation was mainly due t...

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Don’t think there is any boardroom battle: Infosys Chairman

February 13, 2017

MUMBAI: Seeking to allay fears about a boardroom battle in the IT bellwether, Infosys Chairman R Seshasayee on Monday said there is no battle between the board members and promoters of the company. “I don’t think there is any battle. There is no conflict of interest, there is only convergence of interest,” he said at a press meet...

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Key Indian equity indices open flat

January 30, 2017

MUMBAI: The key Indian equity indices on Monday opened flat as IT stocks dropped following US President Donald Trump's executive order banning travel from seven Muslim majority countries. The 30-scrip Sensitive Index (Sensex), was trading 19.71 points or 0.07 per cent lower soon after opening. The wider 51-scrip Nifty of the National Stock Exchan...

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Jio asks TRAI to impose penalty on Airtel for "misleading" ads

January 28, 2017

New Delhi, Jan 27 (PTI) Newcomer Reliance Jio has asked telecom regulator TRAI to "impose highest penalty" on Airtel, accusing the latter of grossly exaggerating the value of data in a promotional offer, and giving misleading tariff ads. Jio has shot-off a letter to the telecom regulator alleging that in so far as the advertisements issued by Airt...

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Chinese shares open lower

January 25, 2017

BEIJING: Chinese stocks opened lower on Wednesday, with the benchmark Shanghai Composite Index down 0.16 per cent to open at 3,137.65 points. The smaller Shenzhen Component index opened 0.1 per cent lower at 9,931.62 points, Xinhua news agency reported. The ChiNext Index, China's NASDAQ-style board of growth enterprises, was down 0.2 per cent to ...

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Markets in positive range on Wednesday

January 25, 2017

MUMBAI: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. The Sensex of the BSE after opening at 27,462.83 points, touched a high of 27,481.50 and a low of 27,448.90 points. On Tuesday the Sensex closed at 27,375.58 points. The Sensex is trading at 27,649.96 points up by 94.38 p...

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