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Business News

Rupee Gains 17 Paise In Early Trade

The dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market capped the gain

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Sensex Slides 80 Points As March Series Turns Shaky

The Sensex slumped over 80 points to 28,813 on Monday as the March derivatives series began on a subdued note, mirroring a weak trend in the Asian market

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Lone Star, IL&FS To Invest In Struggling Indian Infrastructure Projects

The collaboration will have an investment capital pool of $550 million, which could result in asset purchases of up to $2.5 billion, the partners said

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Mumbai India's Richest City With $820 Billion; Delhi Distant Second With $450 Billion

India's financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report

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Digital Payment Can Check Black Money, Graft, Says PM Modi

Digital payment can check black money and play a key role in fighting graft, Prime Minister Narendra Modi said on Sunday as he asked the youth to become an "anti-corruption cadre" as part of the "cleanliness" drive

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HSBC Discloses Tax Evasion Probes In India, Other Countries

Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families

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Five Major Telcos Optimum For Indian Market, Says Telecom Secretary J S Deepak

His comments assume significance as India -- the world's second largest mobile services market after China -- is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio

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India Needs More Scientists To Harness Technology, Says PM Modi

India needs more scientists to harness technology for the benefit of the common man, Prime Minister Narendra Modi said on Sunday while hailing the scientific community for the record launch of 104 satellites and the successful test-firing of a new missile

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Democracy Liberal Enough In United Kingdom For Defaulters To Stay, Says FM Arun Jaitley

Finance Minister Arun Jaitley has said democracy is liberal enough in the UK to permit defaulters to stay here and that "normal" needs to be cracked, in an apparent reference to liquor baron Vijay Mallya, who is wanted in India for loan default and other cases

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Demonetisation A Disaster Of 2016: Chidambaram

On the objective of making India a cashless country, Chidambaram said India cannot become a cashless economy and and there was no reason to go for it

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