IndoSpace plans to invest over Rs 6,800 crore in 5 years
Industrial real estate developer IndoSpace on Monday said it plans to invest $1 billion (Rs 6815 crore) over the next five years to take its total investment to $1.75 billion …
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Paytm defers launch of payments banking business to second half of 2016
“Kill the financial services market in the country,” was Alibaba founder Jack Ma’s advice to Vijay Shekhar Sharma, founder of e-commerce firm Paytm, when the former visited the country for …
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Millennials Drink Almost Half the Wine Bought in America
Now that the nation’s millennials are all officially 21, this 79-million-strong crowd of tastemakers is starting to shape the nation’s appetite for wine — buying more per person, spending more …
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Technology rout pushes Nasdaq to lowest close since 2014
The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014. Many …
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Roomba maker iRobot sells defense robots business
The 26-year-old robotics company sold the defense portion of its business to Arlington Capital Partners for $45 million on Thursday. While the deal will take a few months to finalize, …
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Manana Innovations to invest Rs 500 crore in telecom business
Telecom services company Manana Innovations plans to invest Rs 500 crore to build its mobile services business in India and abroad over the next five years. “We are looking at …
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Chhattisgarh govt to provide houses to Naxalites surrendering arms
In a bid to encourage more Naxalites to surrender their arms, the Chhattisgarh government has begun building houses for those who are willing to give up their arms. So far, …
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Suspense continues over Rafale combat plane deal
Suspense over the multi-billion dollar Rafale fighter plane deal continued today as French Ambassador here Francois Richier said a “complex negotiation” is going on, just two days ahead of the …
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Adani may buy L&T’s Punjab power plant
Engineering and construction major Larsen & Toubro (L&T) is in talks with the Ahmedabad-based Adani group to sell its power plant in Punjab at an estimated value of around Rs …
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Bankers finalise new owners for Electrosteel
Lenders are close to finalising a new owner for Kolkata-based Electrosteel Steels, the first company where the strategic debt restructuring mechanism was applied last year, after the Reserve Bank of …
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OVL signs MoU with Equatorial Guinea
ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has entered into an agreement with Republic of Equatorial Guinea for cooperation in upstream hydrocarbon …
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Syria talks ‘likely’ delayed as opposition quarrels
The United Nations has said that crucial talks on ending the Syria conflict would likely be delayed by a few days, as a dispute over who will represent the opposition …
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Zomato shuts operations in 4 cities
Barely a week after hyperlocal grocery delivery app Grofers had shut operations in nine cities, Gurgaon-based restaurant discovery and food ordering app Zomato said on Monday it was closing down …
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Bobby Jindal demits office as Louisiana governor
Indian-American Bobby Jindal has demitted his office as Louisiana governor after the end of his second four-year term. Jindal, 44, was replaced by John Bel Edwards of the Democratic Party, …
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Digital India effect: E-governance transactions double in 2015
Electronic transactions related to e-governance projects in the country have almost doubled in 2015, owing to the Digital India Programme, Telecom Minister Ravi Shankar Prasad said. “According to government website …
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Visasolie Lhoungu is new BJP president in Nagaland
In a change of guard for the Nagaland state unit of Bharatiya Janata Party (BJP), retired bureaucrat Visasolie Lhoungu has been elected unopposed as its new president. Visasolie succeeded, M …
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Chinese firm Beijing Kunlun Tech buys major stake in gay dating app Grindr
Popular gay dating application Grindr has said that it has hooked up with Chinese online game titan Beijing Kunlun Tech. Grindr said in a blog post that it has taken …
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President Pranab Mukherjee greets nation on Lohri, Makar Sankranti
President Pranab Mukherjee on Tuesday wished people “happiness and prosperity” on the occasion of Lohri, Makar Sankranti and Pongal. “On the auspicious occasion of Lohri, Makar Sankranti and Pongal, I …
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