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India’s industrial output up 2.7 p...

India’s industrial output up 2.7 percent in January

NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »

Volkswagen, Tata Motors plan to cooperat...

Volkswagen, Tata Motors plan to cooperate in India

NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop auto components and vehicles for the Indian subcontinent and beyond. ... read more »

Crude oil futures plunge Rs 68 on weak A...

Crude oil futures plunge Rs 68 on weak Asian cues

NEW DELHI: Crude oil futures fell sharply by Rs 68 to Rs 2,990 per barrel on Thursday as speculators reduced bets amid a weakening trend in Asian trade. At Multi Commodity Exchange, crude for delivery in October month contracts dropped Rs 68 or 2.22 per cent to Rs 2,990 per barrel in 187 lots.... read more »

Idea gets shareholders nod to raise up t...

Idea gets shareholders nod to raise up to Rs 10,000 crore

Idea Cellular said its shareholders have approved to raise up to Rs 10,000 crore through issue of non-convertible securities on private placement basis in one or more tranches The company, which held its 20th Annual General Meeting (AGM) on Monday, said all the items of business contained in the... read more »

More from Business

Banking sector must grow by 4-5 times to finance higher GDP: Jayant Sinha

For accelerating and sustaining growth over the next decade from the present 7-8%, India has to move from the $2 trillion economy to $4-5 trillion economy, Jayant Sinha, Minister of State... read more »

Gold futures down 0.19% on profit-booking

NEW DELHI: Gold futures declined 0.19 per cent to Rs 26,945 per 10 grams as investors indulged in booking profits at prevailing levels amidst a weak trend in global markets. Gold prices... read more »

RBI warns of rising tide of NPAs

RBI policy: Raghuram Rajan holds rate but sends out a strong message to banks to act

For a change, there wasn’t any surprise in the Reserve Bank of India’s (RBI) first bi-monthly policy of fiscal year 2016. The status-quo in the repo rate and cash reserve ratio (CRR)... read more »

Alibaba-Snapdeal talks fall apart on valuation

The much-touted proposal of Chinese giant Alibaba’s stake purchase in may have “fallen off” due to high valuations being sought by the homegrown online marketplace. The... read more »

Sesa Sterlite gains on talk of govt revoking mining ban in Goa

Shares of Sesa Sterlite were up 2.5% at Rs 198 on reports that the Centre has revoked its earlier ban on all environmental clearances of mines in Goa. “The Ministry of Environment, Forest and... read more »