stock-market-index

Sensex drops on Diwali Eve, Tata shares fall

The Indian equity markets will hold a special "Muhurat" trading session to mark the start of the Hindu New Year on Sunday. The special trading session is held every year on Diwali. The annual one-hour spe...
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Anil Ambani’s Rcom merges with Aircel

The long-awaited merger announcement from Reliance Communications Ltd (RCom) and Aircel Ltd is so sketchy on details, it almost gives the impression the two companies have decided to make things up as they go a...
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Flipkart to fire 800 more employees?

After sacking 400 “under-performing” employees in July, the country’s top etailer Flipkart is learnt to be in the process of letting go of 800 more employees. The e-commerce major plans to “out-place” half of ...
Myntra

Myntra acquires Jabong for $70 m

Jabong, which matched larger rival Myntra in sales until early 2014, has ceded market share since then, as Myntra’s parent Flipkart has been spending crores of rupees on advertisements and discounts to lure cus...
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7th Pay Commission cleared by Cabinet

The Union Cabinet has approved recommendations by pay panel on increasing salaries and pension for one crore central government employees and pensioners by at least 23.55%. This implies an annual additional bur...
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UNCTAD pegs India 10th in FDI inflows

Due to the surge of investments in the first four months of 2016, India remains in the top ten countries attracting foreign funds, according to the United NationsConference for Trade and Development’s newWorld ...
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CEA Arvind Subramanian is Swamy’s new target

After getting his way with Reserve Bank of India governor Raghuram Rajan, BJP leader Subramanian Swamy is going after chief economic advisor Arvind Subramanian. “Sack him!!!” read his tweet this morning. Acc...
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Microsoft buys LinkedIn for $26.2bn

Microsoft has bought LinkedIn for $26.2bn in one of the biggest tech deals in the firm's history. The all cash deal is expected to close before the end of the year. Microsoft plans to integrate the social netwo...
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World Bank predicts 7.6-7.7% growth for India

The World Bank revised its economic growth prediction for India to 7.6%-7.7%for 2016-17 and 2017-18. Previously it had predicted a rate of 7.9%. The revision has been made in light of sluggish corporate lending...
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Govtraises doctors’ retirement age to 65

Beginning today, the age of retirement for doctors of central and state hospitals is increased to 65 years. According to the Union health ministry, this will help state-run hospitals retain experienced doctors ...
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6% Google Tax comes into force on June 1

The government announced new norms for equalisation levy to ensure payments made by foreign companies on digital services by Indian ones are taxed. First introduced in the recent Budget, the government looks to...