AI-powered IBM Watson to help Indian enterprises go digital
Uploading Date : 12-12-2016The year 2017 is predicted to be that of Artificial Intelligence (AI) and machine learning -- redefining the way humans communicate with devices to not only improve daily life but also boost businesses, even in India.......
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In pre-demonetisation month of October, IIP contracts 1.9%
Uploading Date : 10-12-2016Industrial production fell 1.9% in October despite it being a festival month and demonetisation was yet to be announced, indicating that months of November and December may see sharper fall due to cash crunch in the economy. Two of three broad segments-- manufacturing and mining-- declined by 2.4% and 1.1% respectively, while electricity generation rose just 1.1%........
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SBI to sell 3.9% stake in SBI Life Insurance for Rs 1,794 crore
Uploading Date : 10-12-2016State Bank of India ( SBI ) has informed BSE that the bank's board at a meeting held on Friday approved sale of 3.9 percent stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals. SBI holds a total stake of 74 percent in SBI Life Insurance.........
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Duty drawback benefit extended for home textile
Uploading Date : 09-12-2016In a boost to the home textile segment, the government has extended a five per cent duty drawback benefit to the made-ups (including towels, bedsheets, curtains, decorative cotton products, etc) sector........
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Demonetisation might push inflation to 14-month low in Nov: Reuters poll
Uploading Date : 09-12-2016Indian inflation is expected to have cooled to a 14-month low in November after Prime Minister Narendra Modi's surprise removal of high denomination bank notes caused an intense cash shortage and severely hurt consumption, a Reuters poll found........
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Rising competition hurts LG India’s FY16 sales show
Uploading Date : 08-12-2016The country's largest white goods maker, LG Electronics’ India sales growth tapered down last fiscal to 4%, growing below the market rate which industry executives attributed to increased competition from newer brands, shying away from online sales and failure to revive smartphone business.........
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Sensex rallies over 350 points; Tata Steel gains 4%
Uploading Date : 08-12-2016Benchmark indices continue to maintain the upbeat trend supported by strong global cues along with buying in Tata group and auto shares leading the rally. Besides, investors are bracing for the ECB's policy-setting meeting today........
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Steel firms hike prices by Rs 3,000 per tonne
Uploading Date : 07-12-2016Steel companies have increased prices by up to Rs 3,000 a tonne effective December, on the back of a surge in coking coal prices. International contract prices of premium hard coking coal for the third quarter of FY17 have been settled at $200 a tonne, an increase of 116 per cent, quarter-on-quarter. Moreover, spot prices have increased from $90 a tonne in July to $315 a tonne............
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