GDP growth of 8 percent by 2017, India rocking April 14, 2015 11:48
The World Bank has predicted a GDP growth rate of 8 percent for India by 2017 and that a strong expansion in the country, coupled with favourable oil prices, would accelerate the economic growth in…
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Job Losses Likely on PAN Card Rule April 11, 2015 14:43
The central government's proposal to make Permanent Account Number (PAN) card mandatory for jewellery purchases above Rs 1 lakh in cash may lead to contraction in the industry and result in job losses in the…
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Car sales in India rise in FY15 after 2 years of decline April 10, 2015 18:19
Car sales in India rose by 4.99 percent in 2014-15 after falling for two consecutive fiscals, as lower fuel prices and softening of interest rates led to reduction in the overall cost of ownership.According to…
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Snapdeal becomes India's largest M-Commerce Company April 09, 2015 18:40
E-retailer Snapdeal.com said on Wednesday it bought online mobile recharge firm Freecharge for an undisclosed amount in a bid to boost its reach in the fast-growing mobile transactions business.Snapdeal, backed by SoftBank Corp, competes with…
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India's aviation safety rating upgraded April 08, 2015 20:24
U.S authorities have upgraded India's aviation safety rating, in a boost for Indian airlines which can now increase the number of flights they operate to the United States. U.S. Transportation Secretary Anthony Foxx said that…
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RBI to keep rates unchanged April 07, 2015 20:51
Reserve Bank of India kept interest rates on hold at 7.50%, choosing to wait longer to assess inflationary pressures before making its next move and to give banks more time to adjust lending rates to…
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Petrol Prices slashed by 49 paise/litre April 01, 2015 14:04
After two consecutive hikes, petrol prices were on Wednesday cut by 49 paise per litre and diesel by Rs 1.21 a litre on softening international oil rates. The reduction in rates will be effective from…
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BHEL bags a power plant contract in Telangana March 30, 2015 16:36
The government of the state of Telangana has been taking planned and precautionary steps to ensure sufficient power in upcoming years. CM K Chandrashekar Rao, recently announced that Telangana would become a state with surplus…
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Apple's Tim Cook to donate all his wealth March 27, 2015 15:01
Fortune magazine cited the head of the world's largest technology corporation as saying that he planned to leave all his wealth to charities and good causes after paying for his 10-year-old nephew's college tuition.As per…
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Enforcement Directorate arrested Rose Valley Group Chairman Gautam Kundu March 26, 2015 16:25
The Enforcement Directorate on Wednesday arrested Rose Valley Group chairman Gautam Kundu in connection with the multi billion rupee ponzi scam.ED sources said Kundu was taken into custody after he failed to give proper answers…
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IT Returns Filing online to be Easier March 25, 2015 15:56
After receiving complaints from the tax payers including those who have submitted IT returns online, the income tax (I-T) department is reportedly planning to ease the process of e-filing. The proposed change may give off…
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2500 crore a day March 24, 2015 16:59
Union government will borrow Rs 3.6 lakh crore from the markets in the first half of the next financial year, which is over 50% of the annual target of Rs 6 lakh crore. "We will…
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