Ashok Leyland acquires Nissan's stake in 3 JVs
Uploading Date : 26-11-2016The Hinduja Group's flagship firm Ashok LeylandBSE 1.58 % said on Friday that it has completed the acquisition of Nissan Motor Co.'s stake in three joint-ventures between the two companies — Ashok Leyland Nissan-Vehicles Ltd, Nissan-Ashok Leyland Powertrain Ltd and Nissan-Ashok Leyland Technologies Ltd........
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Exchange of old Rs 500, Rs 1,000 notes to continue only at RBI counters
Uploading Date : 25-11-2016Exchange of banned Rs 500 and Rs 1,000 notes will continue to be available at counters of the Reserve Bank of India (RBI), up to the current limits per person, the RBI said in a release on Friday.....
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India may impose curbs on domestic gold holdings: Report
Uploading Date : 25-11-2016The Centre may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money", news agency NewsRise reported, citing an unnamed finance ministry official.....
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Rupee hits 39-month low at 68.84 against dollar
Uploading Date : 24-11-2016The rupee crashed to nearly 39-month low of 68.84, plummeting by another 28 paise against the US dollar in early trade on Thursday amid sustained foreign fund outflows and the greenback's surge in overseas markets...........
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Alert: Last day to spend your old Rs 500 and Rs 1,000 notes
Uploading Date : 24-11-2016You have just one day left to spend your old Rs 500 and Rs 1,000 currency notes at public utilities. After November 24, old notes would only be exchanged or deposited in banks till December 30 -- unless the government extends the deadline once again just before it expires.......
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No service charge on debit card & smartphone transactions till Dec 31, says government
Uploading Date : 23-11-2016The government has stepped in to ease the demonetisation pain by incentivising e-payments. Today, Economics Affairs Secretary Shaktikanta Das announced a slew of measures to lessen cash purge blow on consumers. Here's what was announced........
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Ratan Tata's ego caused financial mess for group firms: Cyrus Mistry
Uploading Date : 23-11-2016Ousted chairman of Tata Sons Cyrus Mistry on Tuesday said several decisions by his predecessor Ratan Tata were taken primarily to satisfy his ego and this resulted in huge financial losses for the Tata group. Mistry also said Ratan Tata had planned to sell the group’s current cash cow and India's largest software exporter TCS to IBM in its initial years but his proposal was rejected by JRD Tata on advice from FC Kohli, who helped set up the company.......
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Indian e-commerce industry's losses may swell on Amazon's $ 1 billion loss this year
Uploading Date : 22-11-2016Amazon's losses in India are expected to swell to $1 billion by the end of the fiscal as the company burns money on expanding its service to beat market leader Flipkart. The US retailer is spending up to $80 million a month to acquire customers and grow its market share, nearly a four-fold increase compared to last year ,according to a Business Line report........
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