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Sanjay Kapoor steps down as chairman of ...

Sanjay Kapoor steps down as chairman of Micromax

New Delhi: Sanjay Kapoor has stepped down as chairman of Micromax, a little over a year after joining India’s second-largest handset vendor. “Sanjay Kapoor has decided to move on. Appropriate announcements will be made in due course. We would like to thank him for his contribution and... read more »

RBI likely to cut interest rates in Sept...

RBI likely to cut interest rates in September policy meet

There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on September 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier. The median from survey of 21 economists showed... read more »

Vodafone India to launch 4G services by ...

Vodafone India to launch 4G services by 2015 end

NEW DELHI: Vodafone India today said it will launch its fourth-generation (4G) mobile telephony services by 2015-end, an announcement that comes days after market leader Airtel rolled out its own. The rollout will match the upcoming 4G commercial launch by Reliance Jio. “Important data... read more »

Thai police question Uighur trio over Ba...

Thai police question Uighur trio over Bangkok blast

Bangkok: Thai police on Friday said three Uighur Muslims, among dozens detained in the kingdom for illegal entry last year, have been questioned over the deadly Bangkok bombing. Eleven days on from the bombing at Erawan shrine, which killed 20 people and wounded scores more, authorities are hunting... read more »

Bharti Retail Plans to borrow up to 2k cr

MUMBAI: A year after parting ways with Walmart, billionaire Sunil Mittal’s Bharti Retail plans to borrow up to 2,000 crore to accelerate store openings and spruce up operations. The... read more »

More Steps to Rationalise Subsidies on Anvil: Arun Jaitley

New Delhi: Assuring India Inc of NDA’s commitment to carry forward economic reforms, Finance Minister Arun Jaitley today said the government will come out with more steps to... read more »

Aurobindo Pharma completes $132.5-million Natrol acquisition

NEW DELHI: Drug firm Aurobindo PharmaBSE -0.68 % has completed the acquisition of assets of nutritional supplement maker Natrol Inc and its other affiliate entities for $ 132.5 million... read more »

RBI injects Rs 38.46 bn in banking system via repos

The Reserve Bank of India (RBI) has injected Rs 38.46 billion in the banking system via 1-day repo on Dec. 3, 2014. At the auction conducted under liquidity adjustment facility, the central... read more »

More than 600,000 flee as typhoon nears Philippines

MANILA, Philippines –  Haunted by Typhoon Haiyan’s massive devastation last year, more than 600,000 people fled Philippine villages and the military went on full alert Sunday to brace for a... read more »