State Bank of India slashes minimum lending by 0.4% September 29, 2015 18:15
As soon as the Reserve Bank reduced in repo rate, State Bank of India (SBI), the country’s largest lender, has cut minimum lending or base rate by 0.4% to 9.3% with effect from 5 October…
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Big Billion Sale season two to begin at Flipkart September 29, 2015 15:23
Flipkart is all set for “Big Billion Sale” season two, although it faced failure of ‘Big Billion Day’ last year. The second season of the “Big Billion Sale” will be held from 13 October 2015…
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AP Ranks Second Easy Destination For Doing Business, Chandrababu Says September 22, 2015 15:19
N Chandrababu Naidu, Andhra Pradesh chief minister, is hard selling in his Singapore tour, the ranking of the World Bank that hailed the south Indian state as one of the most preferred destinations for doing…
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Recall Of 2.24 Lakh Vehicles In India By Honda Cars Over Faulty Airbags September 19, 2015 15:54
Honda Cars India Ltd (HCIL) is recalling nearly 2.24 lakh units of its premium sports utility vehicles in order to replace defective airbag inflators. It is the largest such exercise in India. Those included in…
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Switzerland Rejects India's Request For Legal Assistance In Rheinmetall Bribery Case August 31, 2015 10:40
India's request was rejected by Switzerland for legal assistance to investigate two Switzerland companies allegedly bribing Indian officials to win arms deals in the Rheinmetall bribery case.Confirming the NZZ am Sonntag newspaper’s report, an office…
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LIC buys 86% shares of Indian Oil on offer by government August 26, 2015 16:53
State-owned Life Insurance Corporation (LIC) of India bought 86% Indian Oil shares rescuing $1.4 billion (Rs 9,100 crore) government sale following India’s biggest tumble in over six years. The sale was destabilized by the sharpest…
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Thomas Cook Inks Deal To Take Over 100% Stake In Kuoni Travel August 08, 2015 12:10
Thomas Cook India, travel service provider, has inked deal to take over 100% stake in rival Kuoni Travel (India) Pvt Ltd. Thomas Cook will acquire Kuoni group's business in India and Hong Kong for Rs…
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Now Banks Can Shift, Merge Or Shut Urban Branches August 07, 2015 12:03
In a notification published on its website, RBI said that banks can “shift, merge or close all branches except rural branches and sole semi-urban branches at their discretion”. Shifting, merging or closing a branch in…
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Starbucks suspends use of ingredients not approved by FSSAI June 15, 2015 17:17
Tata Starbucks has suspended the use of ingredients which are not approved by food regulator FSSAI in certain products served at its India outlets. Tata Starbucks Pvt Ltd, is a joint venture of Tata Global…
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Apple client Foxconn in talks with Indian officials to start a plant! June 12, 2015 12:25
Apple iPhones may be produced in India if the talks bet the representatives of Foxconn Technology and the officials of Indian government. They have approached the officials with an aspiration to take part in PM…
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China’s stagnation, India’s gain June 10, 2015 13:02
Long term stagnation of the Chinese economy can prompt India to play a vital role among the Southeast-Asian countries to become the century’s destination by successfully enacting pro-market reforms. "China may be heading toward long-term…
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RBI announces new measures on debt restructuring June 09, 2015 17:58
The Reserve Bank of India (RBI) has announced fresh guidelines to enable commercial banks to acquire a majority stake in the companies that are unable to repay loans and has come under the strategic debt…
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