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Top 8 things to look out in the market t...

Top 8 things to look out in the market today

The Nifty is likely to fall in early deals on Wednesday as weak cues from Asian markets, particularly Chinese stocks, hit sentiment on Dalal Street. Wall Street closed with modest gains as Crude Oil prices stabilized near 3-month lows. Nifty Futures, traded on the Singapore Exchange, point to a... read more »

UBS will lead the Ferrari IPO

UBS will lead the Ferrari IPO

Bloomberg reported Tuesday that UBS will be the investment bank that leads Ferrari’s initial public offering, scheduled for October. Bloomberg’s Tommaso Ebhardt, Ruth David, and Mark Clothier cited “people with knowledge of the matter” and added that “JPMorgan Chase... read more »

CBI registers case against Teesta Setalv...

CBI registers case against Teesta Setalvad for ”illegal” foreig...

The Central Bureau of Investigation has registered a case against civil rights activist Teesta Setalvad for allegedly receiving funds from foreign entities without prior permission from the government. The FIR also names Teesta`s husband Javed Anand, businessman Gulam Mohammed Peshimam and Sabrang... read more »

Turkish Airlines emergency landing: Plan...

Turkish Airlines emergency landing: Plane leaves for Istanbul from Delhi

An Istanbul-bound Turkish Airlines flight from Bangkok which landed in emergency conditions here on Tuesday following a bomb scare, departed early Wednesday for its destination after being grounded for over 13 hours. The flight took off at 0316 hrs from the Indira Gandhi International ( IGI)... read more »

RBI warns of rising tide of NPAs

RBI to sell Rs 10,000cr govt bonds through OMO on Nov 5

Reserve Bank on Monday said it would sell Rs 10,000 crore government bonds through Open Market Operation (OMO) to mop up liquidity from the system. “On an assessment of current and... read more »

Flipkart ties up with payment solutions provider Euronet

BENGALURU: Homegrown e-tailer Flipkart today announced a strategic partnership with Euronet India, secure electronic transaction processing and payment solutions provider, to distribute... read more »

Telecom major Bharti Airtel on Thursday announced it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by U.S. chipmaker Qualcomm. The company had acquired a 49 per cent stake in WBSPL in May 2012 for $165 million. At that price, the additional stake purchase would have cost Airtel an estimated $165 million, or Rs. 1,008.1 crore at Friday’s exchange rate. However, the company did not disclose the financial details of the deal. In a statement, Airtel said that it has “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”. Airtel acquired a majority stake in WBSPL in July by increasing its stake to 51 per cent from 49 per cent. WBSPL has spectrum that can be used for high-speed 4G services in New Delhi, Mumbai, Haryana and Kerala. Airtel has the similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka. Airtel has already launched 4G services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula. Shares of Airtel were trading at Rs. 353.80, up by 1.46 per cent, in the afternoon session at BSE.

Delhi users please note: Your Airtel postpaid bill will go up by 12% from Dec

EW DELHI: Country’s biggest telecom operator Airtel has announced an increase in its postpaid monthly charges by about 12% in select plans, effective December in Delhi NCR... read more »

Clashes in Srinagar over killing of youths in Army firing

Clashes broke out on Tuesday between protestors and security forces in Nowgam area of the city over killing of two youths in Army firing in Budgam district of Kashmir even as authorities... read more »

Pakistan using terrorists as proxies to counter Indian army:Penta...

“Afghan-and Indian-focused militants continue to operate  from Pakistan territory to the detriment of Afghan and regional stability. Pakistan uses these proxy forces to hedge against the loss... read more »