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Business News

Going Forward Or Backward?

According to the organisers — the Department of Industrial Policy and Promotion (DIPP), the government of Maharashtra and Confederation Indian Industries — some 2,094 MoUs were signed during the event for new investments with a total commitment of Rs 15.20 lakh crore.

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Railway Resources 'Constantly Dwindling', Says Suresh Prabhu

The Railway Minister says the share of railways in freight as compared to other modes of transportation is declining

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With Economic Jitters, Gold Imports Surge 85%

The January jump in gold imports has now transformed into a February slump, with trade associations, such as the All India Gems and Jewellery Trade Federation and the India Bullion and Jewellers Association, recommending that the finance ministry reduce import duty on gold from 10% to 2%.

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Lifesize Splits From Logitech, Brings Cloud Service In India

Lifesize, a B2B solution, is transforming itself to address the evolving video collaboration through the launch of its cloud-based video collaboration service and the industry’s first integrated approach to connected cameras and HD phones.

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Adani Clears Another Hurdle In Bid To Get Mining Lease

Indian mining giant Adani's 6.5 billion dollar controversial coal mine project in Australia's Queensland state has inched closer to getting its mining lease after it struck a mining compensation deal with a local government body

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Market Continues To Falter, Sensex Dives 241 Points

Uncertainty surrounding Budget announcements on February 29 and the futures and options expiry coming up tomorrow kept investors skittish

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To Power Up Growth, FM Arun Jaitley Must Revive Investments: CII

The industry body said Budget should announce some bold steps to address the issue of non-performing assets (NPAs) in the banking system. As of September 2015, NPAs constituted over 5 per cent of banks’ total advances.

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Asia's Oil Markets In Upheaval As China, India Change The Game

Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers like Japan and challenge the United States as the world's biggest consumer

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Sensex Suffers More Losses, Slides 142 Points On Asia Pain

The Sensex remained on edge as it fell further by about 142 points in early trade on Wednesday, extending yesterday's fall, on sustained capital outflows by foreign funds and selling by retail investors amid subdued Asian shares

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ONGC $500 Million San Cristobal Investment Deal Imminent: PDVSA

Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture

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