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Not so sweet mango season down South

Summer is not just about sweat and heat. The season is also about quenching your thirst for king of fruits ? mangoes that hit the shelves in various sizes and forms. So it is a bit of a disappointment for…

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RBI allows higher FDI limits in credit information companies

The Reserve Bank of India (RBI) on Thursday issued revised guidelines allowing higher foreign direct investment (FDI) limits in credit information companies (CIC) which have an established track record of running a credit information bureau. The central bank said that…

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MFIs loan securitisation jumps 125 pc to Rs 11,500 cr in FY16

Securitisation of microfinance loan receivables done by issuing pass-through certificates (PTCs) or via direct assignments grew 125 per cent to around Rs 11,500 crore in financial year 2015-16. This stood at Rs 5,075 crore in the fiscal 2014-15. “Growth happened…

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Prabhat Dairy Q4 net up 16.4%

Prabhat Dairy today posted 16.4 per cent increase in consolidated net profit at Rs 8.16 crore for the fourth quarter of the 2015-16 fiscal.The company had reported a net profit of Rs 7.01 crore in the same quarter of the…

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Bonds recover, call rates finish higher

Government bonds (G-Secs) recovered on renewed buying support from banks, corporates and the overnight call money rates finished higher at the money market owing to good demand from borrowing banks amid tight liquidity in the banking system. The 7.59 percent…

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Apple opens Development Office for Maps in Hyderabad

Apple today announced the opening of a new office in Hyderabad that will focus on development of its Maps product. This investment will accelerate Maps development and create up to 4,000 jobs, says the company. ?Apple is focused on making…

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India, Slovenia to amend tax treaty

India and Slovenia have signed a Protocol to amend an existing double taxation avoidance treaty between the two countries. This Protocol will broaden the scope of the existing framework of exchange of tax related information, an official release said. A…

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Sintex to raise up to Rs 1,538 cr via FCCBs, NCDs

Plastic and Textiles firm Sintex Industries today said it will raise up to Rs 1,538 crore via issuance of foreign currency convertible bonds ( FCCBs ) and non-convertible debentures. In a BSE filing, Sintex said, “Board of Directors of the…

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VEQTA raises $500,000 from Chatsworth Management and ITW

VEQTA, India?s first digital broadcast network (OTT) dedicated to sports, on Thursday said it raised $500,000 in seed round funding from early stage venture capital firm Chatsworth Management and ITW, India?s leading sports management company. The venture had earlier received…

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UP excise policy puts ethanol blending programme in peril

The Centre?s ambitious ethanol blending programme is on the brink of falling through, thanks mainly to the Uttar Pradesh government. The state is the country?s largest producer of ethanol, producing 560 million litres in 2015. But recently, UP?s excise commissioner…

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