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Business News

Ponzi Schemes: Mumbai EOW Sets Up Refund Unit To Distribute Rs 40 Cr

The Economic Offences Wing of Mumbai police has set up a `refund unit’ to distribute Rs 40 crore to 35,000 investors who were cheated in various bogus `Ponzi’ schemes

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Indian Factory Growth Slows To Three-month Low In May As New Orders Soften

Indian factory growth cooled in May as new orders expanded at a more modest pace, but manufacturers were able to raise prices slightly, according to a private survey

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Rupee Gains 8 Paise Against US Dollar In Early Trade

Forex dealers said that besides sustained selling of the greenback by banks and exporters, the dollar's weakness against some currencies overseas backed up the rupee

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Sensex Down 75 Points On Weak Macroeconomic Data

BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade today as participants trimmed their positions

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Swiggy Raises $80 Million In Series E Funding

The deal was led by Naspers, a global internet and entertainment group, and one of the world’s largest technology investors, with earlier investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners participating.

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India’s GDP Slow Down To 7.1% In FY17, Takes Demonetisation Hit

Reflecting the impact of the historic demonetisation, the fourth quarter growth was estimated at a mere 6.1 per cent, bowed down by construction, manufacturing and trade services, with the country losing the status of being the world's fastest-growing economy

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Castrol India Q1 PAT Up 4% At Rs 179 Crore

For the concerned quarter, Castrol India’s net sales stood at Rs 1012.1 crore and profit from operations at Rs 251 crore, thereby witnessing an increase of 3 percent and 2 percent, respectively.

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GDP Grows 6.1% In March Quarter; 7.1% In 2016-17

India's economic growth unexpectedly slowed to its lowest in more than two years, dragged down by construction, manufacturing and trade services, and stripping the country of its status as the world's fastest growing major economy

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Bharat Electronics Aims To Cross Rs 10,000 Crore In Revenue By 2017 End

The export turnover stood at $65 million and the export order book stood at $82 million as on 1 April, 2017 including offset order book of $15 million.

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Daimler India Commercial Vehicles To Add Over 40 Export Markets By 2017 End

The company has crossed the export milestone of 10,000 trucks. DICV’s 10,000th exports vehicle, a Mercedes-Benz 40-ton heavy- duty tractor, rolled onto the ship at Kamarajar Port near Chennai for a customer in Indonesia.

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