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FMC-SEBI merger to boost Farm Insurances
The proposed merger of commodity market regulator Forward Markets Commission (FMC) with capital markets regulator Securities and Exchange Board of India (SEBI) will boost agricultural insurances for farmers that can help them adapt to…
Deutsche Bank to pay $2.5 bn Fine for Interest Rate-Rigging
Deutsche Bank has agreed to pay a $2.5-billion fine to settle US and British accusations that more than 20 employees engaged in a "widespread effort" to rig benchmark interest rates for profit between 2005 and 2009, officials said on…
Audi India launches Sports Car Audi TT Coupe at Rs.60 lakh
Making an addition to India's luxury car market, German maker Audi on Thursday launched the new Audi TT Coupe at a price of Rs.60.34 lakh.
"This is the first of the five launches that we have planned in the next five months. Despite…
BSE Sensex closes 155 Points down amid Volatility
On a day of wide fluctuations, a benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange, closed 155.11 points, or 0.56 percent, down on Thursday, as foreign funds awaited clarity on the government's…
BSNL to allow Unlimited Free Calling from 9 PM to 7 AM
State-run BSNL said it will introduce unlimited free calling at night from its landline phones to all landline and mobile phones of all service providers across India from May 1.
With this, the Bharat Sanchar Nigam Ltd intends to promote…
Samsung likely to set up $100 mn Facility in Hyderabad
Global electronics major Samsung is expected to set up a manufacturing unit in Hyderabad with an investment of $100 million, Telangana Chief Minister K. Chandrasekhar Rao said on Wednesday. He said the ministers for industry and information…
BSI confers ISO 9001: 2008 Certification to IB Ministry
The British Standard Institute (BSI) has conferred certificate of registration upon India's information and broadcasting ministry for quality management system as per the requirement of ISO 9001:2008 in respect of permissions and licences…
Confident of GST from April 1 Next Year: Finance Minister
Finance Minister Arun Jaitley on Wednesday said he was optimistic that the pan-India Goods and Services Tax (GST) will be implemented from April 1 next year, with the mood among the states quite positive now over the benefits of this…
Reliance Group Rs.27,000-Cr Susan Power Project operational
Anil Ambani-led Reliance Group on Wednesday said it has fully attained commercial operations of the Rs.27,000-crore Sasan ultra mega power project (UMPP) in Madhya Pradesh, some 12 months ahead of schedule, with all the six units generating…
BSE Sensex Provisionally closes nearly 215 Points up
After five consecutive sessions of fall, a benchmark index of the Indian equities markets, the 30-scrip S&P Bombay Stock Exchange (BSE) Sensitive Index (Sensex), made gains during Wednesday's trade, rising by 215 points or 0.77 percent.…