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India will again be a key market for us: Nokia

As it aims to become one of the top three smartphone players globally, India will once again be a key market for Nokia, a top company executive has said. The company, once the undisputed leader of the mobile phone space, now operates through HMD Global and unveiled the Nokia 6, …

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Nationwide strike brings banking operations to a halt

Banking operations across the country came to a halt on Tuesday as 10 lakh bankers staged a strike against the government’s “anti-people banking reforms”, said a bank union leader. The strike was called by the United Forum of Bank Unions (UFBU), comprising nine unions. They also pressed for compensation to …

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World Bank CEO commutes 2nd class in Mumbai train

World Bank CEO Kristalina Georgieva on Tuesday travelled by a Western Railway suburban train to inspect Mumbai’s lifeline first hand, officials said. Georgieva travelled in a second class ladies compartment from Churchgate to Dadar, the busiest terminus on the suburban network. Mumbai Rail Vikas Corp (MRVC) CMD Prabhat Sahai boarded …

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Indian equities markets open flat

Indian equities markets opened on a flat note on Monday, even as healthy buying was witnessed in oil and gas, energy, and consumer durables sectors. The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 5.80 points or 0.06 per cent to 8,945.30 points. The barometer 30-scrip …

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India’s forex reserves inch lower by $57 mn

India’s foreign exchange (Forex) reserves marginally fell by 56.8 million as on February 17, 2017 official data showed on Friday. According to the RBI’s weekly statistical supplement, the overall Forex reserves decreased to $362.72 billion from $362.78 billion for the week ended February 10. Segment-wise, the Foreign Currency Assets (FCAs) …

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Non-life insurers’ premium income grows over 37% in January

Non-life insurance companies posted over 37 per cent increase in their gross premium income (direct premium income underwritten) to Rs 12,123.53 crore in January as compared to Rs 8,840.90 crore in the year-ago month. According to data compiled by the Insurance Regulatory and Development Authority (IRDA), private sector insurers’ gross …

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Focus now needed on stopping black money flow: Subramanian

India’s Chief Economic Advisor Arvind Subramanian on Friday said that after the attack on black money through demonetisation, the country should now focus squeezing its flow. Delivered a talk on “The Surprise that is the Indian Economy” at the Indian Institute of Management, Ahmedabad, he said the need was to …

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Chinese commission bars 4th richest man for 10 years

China Insurance Regulatory Commission has barred Yao Zhenhua, the fourth-richest man in the country, for 10 years for irregularities in the purchase of shares of a real estate firm, the media reported on Saturday. Yao, founder of the financial conglomerate Baoneng, provided false information for the authorisation to increase the …

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Singapore to woo Tamil movie producers

The Singapore Tourism Board on Wednesday said is planning to attract Tamil movie producers to shoot their movies in that country, as it has been several decades since a Tamil movie was produced with Singapore figuring in the story plot. The board’s Regional Director, South Asia, Middle East & Africa, …

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No threat, show cause to be issued to taxpayers: CBDT

 India’s Income Tax Department on Tuesday asked its officials to ensure there is no “threat, warning or show cause” notice sent to taxpayers under its ‘Operation Clean Money’ aimed at checking black money after the government’s demonetisation drive. “It should be ensured that the communications made online with the persons …

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