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Business News

Sensex Sinks Below 26,000 Mark On Profit-booking

Markets on Wednesday failed to make good use of the early momentum in a fluctuating trade as the benchmark Sensex broke below the psychological 26,000-mark by falling over 119 points amid profit-booking and a mixed global trend

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Online Food Ordering Platform Foodpanda Lays Off 300 Employees

Online food ordering and delivery firm Foodpanda India has laid off 15 per cent its employees, totaling close to 300, as it focuses on automation to streamline its operations

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A Year Of Revival For Indian Aviation

The year saw fuel cost at its lowest, bringing relief to all airlines, especially cash-strapped Jet Airways and Air India.

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Will 2016 Put An End To Realty Sector's Woes?

With a multi-year slowdown continuing in 2015 despite abundant supply and fall in prices, the real estate market is desperately looking for a recovery in the New Year when a new law is also expected to herald the much-needed transparency and accountability in the sector

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Exports To Remain Under Pressure In New Year: India Ratings

India's export sector will continue to remain under pressure in the new year hit by depressed commodity prices and a sharp fall in the euro, India Ratings (Ind-Ra) an arm of the global rating agency Fitch said

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nexGTV Appoints Saavn’s Ex-CEO Abhesh Verma As COO

Abhesh joins nexGTV with over 16 years of experience across several industries such as entertainment, e-commerce, SEO, advertisement, venture capital and real estate.

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2015: A Year Of Optimism For Indian Railways

For Indian Railways, the year 2015 will go down in history as perhaps the most fruitful year on the parameters of policy initiatives led by the dynamic leadership of railway minister Suresh Prabhu

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FDI Cap Hike Sees Inflow In JVs; $1 Billion Likely In 2016

The long pending demand of insurance players for raising the FDI cap to 49 per cent was fulfilled this year leading to greater flow of foreign funds into India’s private JVs and the move is expected to further attract over Rs 6,000 crore into the sector during 2016

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Essar Oil Delists In Rs 3,745 Crore Payout To Shareholders

Essar Oil, India's second biggest private refiner, said on Wednesday it had completed delisting from local bourses in return for a Rs 3,745 crore payout to minority shareholders

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For India IPOs, 2016 Promises To Be Best Year In Six On Profit Growth, Reforms

Indian IPOs are set to raise more than $5 billion in 2016, a six-year high, as corporate profit growth and a pickup in the economy drive investor demand for equities and lure firms such as Vodafone's local unit to list

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