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To woo farmers, Mamata govt to disburse INR 7,000 cr. loans at reduced rate

By   /  November 16, 2018  /  Business  /  Comments Off on To woo farmers, Mamata govt to disburse INR 7,000 cr. loans at reduced rate

Kolkata, Nov. 16 (PTI): To woo the farmers in West Bengal ahead of next year’s Lok Sabha elections, the Mamata Banerjee government has decided to disburse farm loans worth around Rs 7,000 crore at a low interest rate of 2 per cent, state minister Arup Roy said on Friday. The interest rate has been reduced […]

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Rupee ends at fresh 2-month high of 71.93 despite oil rebound

By   /  November 16, 2018  /  Business  /  Comments Off on Rupee ends at fresh 2-month high of 71.93 despite oil rebound

Mumbai, Nov. 16 (PTI): The rupee Friday strengthened further by 4 paise to close at a fresh two-month high 71.93 against the US currency, continuing its gaining streak for the fourth day, despite a rebound in oil prices and a stronger dollar. Crude oil prices falling below the USD 70 per barrel mark and forex […]

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India Inc investment in foreign ventures falls 10% in October

By   /  November 16, 2018  /  Business  /  Comments Off on India Inc investment in foreign ventures falls 10% in October

Mumbai, Nov. 16 (IANS): Indian companies’ investment in their overseas ventures continued to be less than the year-ago period for the 19th month in a row as it fell 10.5 per cent to $1.76 billion in October, Reserve Bank data showed. Indian companies had invested $1.96 billion in their overseas ventures during October 2017, as […]

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Vibrant Gujarat 2019 to focus on trade, exports from Gujarat

By   /  November 16, 2018  /  Business  /  Comments Off on Vibrant Gujarat 2019 to focus on trade, exports from Gujarat

New Delhi, Nov. 16 (IANS): The ninth edition of the Vibrant Gujarat summit would focus more on trade and commerce, along with investments, Manoj Kumar Das, Principal Secretary to the Gujarat Chief Minister, said on Friday. The biennial investment promotion event will be held at state capital Gandhinagar during January 18-20, 2019 with the theme […]

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No proposal made for Jet, only preliminary talks – Tata Sons

By   /  November 16, 2018  /  Business  /  Comments Off on No proposal made for Jet, only preliminary talks – Tata Sons

Mumbai, Nov. 16 (IANS): Tata Sons, the holding company of the Tata Group firms, on Friday said discussions on acquiring a stake in the financially troubled Jet Airways have been at a preliminary stage and that no such proposal has been made so far. In a statement issued here after its Board meeting, the company […]

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Global cues, fund influx buoy equity indices; telecom stocks rise

By   /  November 16, 2018  /  Business  /  Comments Off on Global cues, fund influx buoy equity indices; telecom stocks rise

Mumbai, Nov. 16 (IANS): Broadly positive global markets, influx of foreign funds and healthy macro-economic trade data lifted the key Indian equity indices on Friday. In addition, the risk taking appetite of investors was enhanced a day after credit rating agency Fitch affirmed India’s ‘Long-Term Foreign-Currency Issuer Default Rating’ (IDR) at ‘BBB-‘ with a stable […]

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Duty hikes, weak rupee to push up smartphone prices in India — IDC

By   /  November 15, 2018  /  Business  /  Comments Off on Duty hikes, weak rupee to push up smartphone prices in India — IDC

New Delhi, Nov. 15 (IANS): The weak rupee and rising input costs are going to force smartphone vendors raise prices of their devices in India in the coming months, the International Data Corporation (IDC) said on Thursday. “With the duty hikes in place and the dollar fluctuation, smartphone vendors are expected to raise prices of […]

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No liquidity crisis in NBFC sector — SBI Chairman

By   /  November 15, 2018  /  Business  /  Comments Off on No liquidity crisis in NBFC sector — SBI Chairman

New Delhi, Nov. 15 (IANS): Amid the ongoing tussle between the government and the Reserve Bank of India (RBI) on liquidity issue, State Bank of India (SBI) Chairman Rajnish Kumar on Thursday said there was no liquidity crunch for the non-banking finance companies (NBFCs).

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Air India eyes INR 800 cr. from sale of over 70 properties

By   /  November 15, 2018  /  Business  /  Comments Off on Air India eyes INR 800 cr. from sale of over 70 properties

Mumbai, Nov. 15 (PTI): Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said Thursday.

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Stand-off between govt. and RBI not a good situation, says Gurumurthy

By   /  November 15, 2018  /  Business  /  Comments Off on Stand-off between govt. and RBI not a good situation, says Gurumurthy

New Delhi, Nov. 15 (PTI): Ahead of the much talked about board meeting of the central bank, RBI board member S Gurumurthy Thursday said the stand-off between the government and the Reserve Bank was not a happy situation.

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