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Business News

Lyft Takes Step Toward IPO

Lyft Inc is close to hiring an initial public offering (IPO) advisory firm, in the first concrete step by the second biggest U.S. ride service company to become publicly listed, according to people familiar with the matter.

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As Ryanair Cancellations Mount, UK Regulator Urges 'Action, Not Words'

Ryanair, Europe's busiest airline, was warned to deliver "action, not words" by British aviation authorities on Thursday after it failed to inform 400,000 customers of their full rights regarding cancelled flights through Christmas.

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Telecom Sector Needs Rs 50,000 Crore A Year Investment: Icra

The agency said both the subscriber market share and the revenue market share of the three top telcos - Airtel, Vodafone and Idea Cellular--have increased marginally and is illustrative of the marginalisation or exit of smaller players

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Toshiba $18 Billion Sale Of Chip Unit Signed, But Discord Emerges Immediately

Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting.

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Price Cuts To Clear Summer Stock Fray H&M Margins

Fashion retailer H&M reported a 20 percent fall in quarterly profit on Thursday as summer discounts hurt margins, while sales slowed towards the end of this month.

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Maharashtra Village Gets Power, Bus After 70 Years Of Independence

District guardian minister Raje Ambrishrao Atram decided to provide these basic facilities for which he made a provision of Rs 45 lakh fund in the District Panning Council for the village

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Indian Energy Exchange IPO To Raise Up To $152.9 Million

Shareholders of the electricity exchange are selling a little over 6 million shares, or 20 per cent of the post-issue paid-up capital, in the IPO that closes for subscription on 11 October

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Look Back At Your Own Record As Finance Minister: Jaitley's Jibe At Yashwant Sinha

The Finance Minister, who is facing criticism for overseeing economy to slip to its slowest pace of growth in three years, said he has done a little research to pull out what Sinha and Chidambaram had to say about each other in the past

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No Connect Between IUC, Financial Stress On Telcos: Trai

Mobile companies currently charge 14 paise a minute for allowing a domestic call from a rival operator to terminate on their network. This charge, called Interconnection Usage Charge or IUC, will be 6 paise per minute from October 1, 2017

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Rupee Spurts 20 Paise Against Dollar At 65.30

A positive start for domestic stock markets lent support to the rupee

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