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Indian Bank opens 7.58 lakh Jan Dhan Yojana accounts

Chennai, Aug 30 : Public sector lender Indian Bank Saturday said it has opened 758,000 basic savings bank deposit (BSBD) accounts under the Pradhan Mantri Jan Dhan Yojana.


Industry body welcomes Jaitley's remarks on faster growth

New Delhi, Aug 30 : Industry body Confederation of Indian Industry (CII) Saturday welcomed Finance Minister Arun Jaitley's address on the occasion of the government completing 100 days in office.


Essar sells Kenya telecom business for $120 million

Nairobi, Aug 30 : Essar Capital Saturday announced the signing of binding agreements with Safaricom and Airtel for the sale of its telecom business in Kenya for $120 million.


Essar Capital sells telecom business in Kenya for $120 million

Nairobi, Aug 30 : Essar Capital Saturday announced the signing of binding agreements with Safaricom and Airtel for the sale of its telecom business in Kenya for $120 million.


Forex reserves down $1.98 billion till Aug 22

Mumbai, Aug 30 : India's foreign exchange reserves fell by $1.98 billion to $318.57 billion till the week ended Aug 22.


FPIs invested $3.87 billion in Indian markets in August

Mumbai, Aug 30 : Foreign Portfolio Investors (FPIs) continued to invest in the Indian equities market as they bought shares worth $3.87 billion in August, with the trade for the week ended Aug 28 at yet another record high.


Sensex makes weekly gains amidst strong investor sentiments (Weekly Review)

Mumbai, Aug 30 : Expectations of stable GDP growth figures coupled with an overall expectation of further reform and quick notifications for the hike in foreign capital limits in defense and railways led to positive investor sentiments in the Indian equities market which made gains in the week ended Aug 28.


Naya Ventures to invest in seven firms in India

Hyderabad, Aug 30 : Naya Ventures, a $50 million start-up entrepreneur-venture fund, is set to invest in seven companies in India in the next one to two years.


India Inc welcomes upswing in quarterly GDP data

New Delhi, Aug 29 : India Inc. Friday welcomed the upswing in the quarterly gross domestic product (GDP) figures which were released today, and said the numbers indicated economic recovery.


In signs of revival, Indian economy expands 5.7 percent

New Delhi, Aug 29 : Beating expectations and showing another sign of revival, the Indian economy expanded by 5.7 percent during the first quarter of the current financial year to log the highest growth yet in nine quarters or over two years, official data showed Friday.


Signs of revival as Indian economy expands 5.7 percent

New Delhi, Aug 29 : Beating expectations and showing another sign of revival, the Indian economy expanded by 5.7 percent during the first quarter of the current financial year to log the highest growth yet in nine quarters, official data showed Friday.


India's forex reserves decline by $810 million

Mumbai, Aug 29 : India's foreign exchange reserves fell by $810.7 million to $318.57 billion due to a decline in the currency assets for the week ended Aug 22, Reserve Bank of India (RBI) data showed.


'Cloud computing offers significant benefits for corporates'

Mumbai, Aug 29 : Majority of the decision makers in Indian corporates have ranked business intelligence as the major use of big data. They also agree that cloud computing and big data can give significant impact for their business.


FIIs continue as net buyers in Indian equities

Mumbai, Aug 29 : Foreign institutional investors (FIIs) continued to invest in the Indian equities market which closed trade for the week ended Aug 28 trade at yet another record high.


Sensex makes weekly gains (Weekly Review)

Mumbai, Aug 29 : Healthy buying by foreign investors coupled with an overall expectation of further reform push by the new government led to the Indian equities market making gains in the week ended Aug 28.


'India needs Financial Conditions Index'

Chennai, Aug 29 : Changes in financial market variable have an impact on the real market but the launch of several financial products has resulted in more variables to account for in economic estimates, stated a research paper put out by the Reserve Bank of India (RBI).


Bank of America-Merill Lynch sees RBI cutting rates in 2015

New Delhi, Aug 28 : The Reserve Bank of India (RBI) is expected to cut rates by 75-100 basis points starting early 2015, Bank of America-Merrill Lynch (BofA-ML) said in a report Thursday.


PC market better than expected: IDC report

Washington, Aug 28 : The global PC market has recently shown dreary results, but it still managed to do better than expected.


Adani buys Australian mine future royalty rights for $145 mn

Mumbai, Aug 28 : Adani Enterprises Thursday agreed to pay Australian dollars 155 million ($145 million) to Linc Energy of Australia to buy out the Australian firm's rights to future royalties from Adani's Carmichael coal project.


RBI relaxes foreign transaction norms for buying government bonds

Mumbai, Aug 28 : The Reserve Bank of India (RBI) Thursday said foreign investors can now buy government bonds in secondary markets from mutual funds, banks or other dealers.


BMW launches SUV X3 at Rs.44.90 lakh

New Delhi, Aug 28 : Luxury automobile manufacturer BMW Thursday launched a new variant of its sports utility vehicle (SUV) X3 priced between Rs.44.90 lakh and Rs.49.90 lakh.


Mahindra to further invest Rs.4,000 crore at its Chakan plant

Mumbai, Aug 28 : Automobile manufacturer Mahindra and Mahindra Thursday announced its plans to make an additional investment of Rs.4,000 crore at its Chakan plant in Maharashtra.


Micromax bags BCCI title sponsorship rights

Mumbai, Aug 28 : Mobile phone manufacturer Micromax Informatics Ltd. Thursday bagged the title sponsorship rights for all of BCCI's international and domestic tournaments to be played in India for the 2014-15 season for a fee of Rs.18.01 crore.


Sensex hits record high; posts seventh consecutive monthly gain

Mumbai, Aug 28 : A benchmark index of Indian equities markets Thursday hit a record high of 26,674.38 points before closing the day's trade at 26,638.11 points -- in yet another record.


"No material impact of Competition Commission fine'

Chennai, Aug 28 : Car maker Hindustan Motors Ltd Thursday said there will not be any material impact on the company by the fine of Rs.13.85 crore levied on it by the Competition Commission of India (CCI).


Sensex hits record high; capital goods stock gain

Mumbai, Aug 28 : A benchmark index of Indian equities markets Thursday hit a record high of 26,674.38 points before closing the day's trade at 26,638.11 points -- in yet another record.


RBI to release annual GDP data Friday

New Delhi, Aug 28 : With the Reserve Bank of India (RBI) due to release the GDP (gross domestic product) figures Friday, growth in the current fiscal is expected top 5.5 percent as predicted by the country's central bank.


Sensex scales new high; oil and gas stocks surge

Mumbai, Aug 28 : A benchmark index of Indian equities markets Thursday hit a record high of 26,674.38 points surpassing its previous high of 26,630.74 points it touched Aug 25.


Oil stocks catch fancy of foreign funds, scope for more

Mumbai, Aug 28 : India's oil and gas industry figures among the most regulated ones and uncertainties continue over issues such as pricing but stocks of listed companies in this segment are increasingly finding favour with foreign funds, market data shows.


12 Indian firms among Forbes Asia's Fabulous 50

Washington, Aug 28 : A dozen Indian firms figure in this year's Forbes Asia's Fabulous 50 list of the region's best big publicly traded companies with HDFC Bank making the list more times than any other company.


Car company giants' technology helping parents keep teenage drivers safe

Washington, Aug 27 : Leading car companies like Ford and General Motors have introduced new technologies in the cars, which allows parents to keep their teen drivers safe.


MSO Kal Cables' licence cancelled

Chennai, Aug 27 : The information and broadcasting ministry has cancelled the multi-system operator (MSO) licence given to city-based Kal Cables Pvt. Ltd.


Philips India's garment care segment to grow

New Delhi, Aug 27 : Philips India plans to clock 25 percent compound annual growth rate (CAGR) in the garment care category by the end of 2015, A.D.A. Ratnam, president, consumer lifestyle, Philips India said here Wednesday.


Ratan Tata invests in Snapdeal.com

New Delhi, Aug 27 : Ratan Tata, chairman emeritus of Tata Sons, has made a "personal investment" in the online marketplace Snapdeal.com, a statement by the latter said here Wednesday.


Reliance Communications ready with mobile banking services

New Delhi, Aug 27 : Reliance Communications is ready with its mobile banking services to enable banking transactions for its customers irrespective of mobile handset, make or region, a company statement said here Wednesday.


Economy can hit 7 percent growth with modest reforms: Moody's

New Delhi, Aug 27 : Ratings agency Moody's Wednesday said India's economy can easily hit seven percent growth rate with modest reforms.


Waive taxes to promote cycle ownership: TERI

New Delhi, Aug 27 : The government should waive taxes on cycles that cost less than Rs.5,000 to promote cycle-ownership in the country, a new study by The Energy and Resources Institute (TERI) in association with the All India Cycle Manufacturers Association said Wednesday.


Forbes names TCS among world's most innovative companies

Mumbai, Aug 27 : Forbes has named TCS as "one of the World's Most Innovative Companies", and positioned it 57th as the highest-ranking global IT services provider on this year's top-100 list, a statement said here Wednesday.


Tech Mahindra launches mobile job marketplace

New Delhi, Aug 27 : Tech Mahindra Wednesday launched nationally its affordable mobile job marketplace -- "Saral Rozgar" cards -- to help blue-collar job seekers connect with mainstream employers via mobile phone in their own language.


Sensex closes 117 points up, auto stocks rise

Mumbai, Aug 27 : A benchmark index of Indian equities markets closed trade Wednesday 117.34 points or 0.44 percent up as auto stocks surged.


RBI launches survey of IT, ITES, BPO sectors

Chennai, Aug 27 : The Reserve Bank of India (RBI) Wednesday launched the Survey on Computer Software and Information Technology Enabled Services (ITES) exports for the period 2013-14.


Mother Dairy launches 'SmartChange Card'

New Delhi, Aug 27 : Dairy products major Mother Dairy Wednesday announced its strategic tie-up with State Bank of India (SBI) for the launch of its SmartChange Card for milk booths in the national capital region (NCR).


Ravi Shankar Prasad unveils dot Bharat domain name

New Delhi, Aug 27 : Telecommunications and IT Minister Ravi Shankar Prasad Wednesday unveiled the dot Bharat domain name, an official statement said here.


NSE to drop RCom, Adani Power from Midcap

New Delhi, Aug 26 : NSE Strategic Investment Corporation Tuesday said that it will be dropping Reliance Communications, Adani Power and Adani Enterprises from the National Stock Exchange's Nifty Midcap 50 index effective from Sep 26.


Sensex ends flat; capital goods stocks down

Mumbai, Aug 26 : A benchmark index of Indian equities markets ended Tuesday flat - with marginal gains of about 6 points or 0.02 percent - as major sectors like capital goods, oil and gas and bank stocks plunged.


Larsen & Toubro inks contract to set up 225 MW power plant in Bangladesh

New Delhi, Aug 26 : Engineering conglomerate Larsen & Toubro (L&T) and Bangladesh Power Development Board (BPDB) have signed a contract to set up a 225 megawatt, gas-based power plant in Sikalbaha, Chittagong in Bangladesh, a company statement said here Tuesday.


SBI rationalises home loan interest rates, slabs

Chennai, Aug 26 : The State Bank of India (SBI) Tuesday rationalised its home loan slabs from two to one and brought in one uniform interest rate, the bank said.


Freescale showcases processors for 'internet of things'

Bangalore, Aug 26 : US chip-maker Freescale Semiconductor Tuesday unleashed the power of its embedded processors for 'Internet of Things' in which objects of everyday use are connected through a network to send and receive data.


Sensex closes flat; capital goods stocks down

Mumbai, Aug 26 : A benchmark index of Indian equities markets ended Tuesday flat - with marginal gains of about 5.79 points or 0.02 percent as major sectors like capital goods, oil and gas and bank stocks plunged.


'Growth signs in residential, office real estate'

Chennai, Aug 26 : The residential and office real estate markets are showing growth signs in Mumbai, National Capital Region (NCR), Pune, Chennai, Bangalore and Hyderabad, said a study by Knight Frank India.


Power, metal indices hit by SC order on coal blocks

Mumbai, Aug 26 : Power and metal index on the leading Indian stock exchange were trading in the red in post-afternoon trade session Tuesday, a day after the Supreme Court's order nullifying coal block allocations made between 1992-2010.


Indian-origin scientist finds way to develop better drugs

New York, Aug 26 : An Indian-origin researcher at Michigan Technological University has deciphered how Glycoconjugates - biomolecules that hold sugars in the body like scaffolds for reacting with other molecules - can lead to new and better drugs.


Competion Commission fines 14 car makers

Chennai, Aug 25 : The Competition Commission of India (CCI) Monday levied a penalty of Rs.2,544.65 crore on 14 car manufacturers for violating the competition law.


Sonata buys majority stake in US travel platform

Bangalore, Aug 25 : Leading IT services firm Sonata Software Monday announced acquiring majority stake, of about 60 percent for an unspecified sum in the US-based Rezopia Inc, a cloud-based platform for travel providers, founded by an Indian.


Jaypee Group sells cement grinding plant for Rs.360 crore

New Delhi, Aug 25 : Infrastructure developer Jaypee Group Monday announced the sale of its 1.5 million tonnes capacity per annum cement grinding unit at Panipat for Rs.360 crore.


Companies must intimate names of acquirers: SEBI

Chennai, Aug 25 : India's market regulator SEBI Monday stipulated that companies have to intimate the bourses details of acquirers and the persons acting in concert (PAC) in the case of acquisitions and takeovers.


Sensex, Nifty touch new highs

Mumbai, Aug 25 : A benchmark index of Indian equities markets hit a record high of 26,630.74 points before closing at 26,437.02 points in a volatile trade session Monday.


Textiles ministry joins hands with Flipkart for handloom sale

New Delhi, Aug 25 : India's textiles ministry Monday signed an agreement with online retailer Flipkart to provide an online marketing platform to handloom weavers, an official statement said here.


Government, RBI will define what are deposits: RBI

Mumbai, Aug 25 : With a series of scams involving chit funds surfacing in recent months, the Reserve Bank of India (RBI) and the finance ministry will define what are deposits, beyond banking and finance companies, a RBI official said.


Indian economy witnessed major changes over years: President

New Delhi, Aug 25 : President Pranab Mukherjee Monday said the Indian economy has undergone major changes over the years and no policy can be considered relevant for all times.


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