Thursday 16/07/2015
Business Line
Merchandise exports declined for the seventh straight month in June to $22.29 billion, down 15.82 per cent from the $26.48 billion recorded in same month last year. This rate of decline was however lower.
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The Reserve Bank of India has set up a 14-member committee for working out a medium-term (five-year) measurable action plan for financial inclusion. Financial inclusion is the process of ensuring access.
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Technology and telecommunication companies on Wednesday said they will initiate different programmes as part of the Skill India Mission announced by Prime Minister Narendra Modi.
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Business Standard
German apparel major Adidas, which had been in the news for an alleged financial fraud at Reebok, a brand that it owns, has sought government approval for a 100 per cent foreign direct investment (FDI).
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Cash-rich Bharti Infratel is in advanced talks with British telecom major Vodafone and the Aditya Birla Group's Idea Cellular to buy out their telecom towers at a valuation of up to $1.6 billion (Rs 10,080 cr.
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Honda, the Japanese two-wheeler company, is not only getting closer to market leader Hero MotoCorp but has started to dethrone the Munjal family-owned entity in some states and Union Territories.
Page No. 02
The Economic Times
China's Huawei has emerged the frontrunner to supply network gear for Idea Cellular's upcoming 3G network rollout in Kolkata around Diwali, a person aware of the matter told.
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The Sensex closed above the 2,8000 level on Wednesday driven by interest rate sensitives like auto and banking on hopes easing crude oil prices would lower inflation, boosting the prospects of an interest.
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Arbitrage funds have attracted significant investments by large investors such as high net worth individuals (HNIs) and corporate investors in the past three months.
Page No. 14
The Financial Express
Adani Power won three out of four transmission projects worth nearly R3,600 crore on Wednesday, trumping closest competition Sterlite Grid. The traditionally aggressive state-run transmission company.
Page No. 06
Loan recasts of four companies — Abhijeet MADC Nagpur Energy (AMNEPL), Global Coke, Tirupati Infra and Soma Textiles and Industries — worth close to R2,000 crore have failed.
Page No. 10
Shares of Maruti Suzuki rose to a record high of R4,155 on Wednesday, after foreign brokerage Credit Suisse increased the target price by 17% to R5,100.
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