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BSE market cap falls Rs 10 lakh cr in 2016 so far

The market capitalisation of the companies listed on the BSE shrank by Rs 10 lakh crore in 14 trading sessions so far in calendar 2016, as the benchmark indices lost close to 6.5%, while mid-cap has declined more than 10%…

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ICICI Bank enters Johannesburg

ICICI Bank has opened its first full service branch at Sandton in Johannesburg. It is India?s first private sector bank to open a branch in the African continent. To begin with, the branch will undertake banking activities only for corporates….

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Need to rejig alternative funding norm: Sebi panel

The Securities and Exchange Board of India (Sebi) panel on Alternative Investment Funds (AIFs) headed by Infosys cofounder NR Narayana Murthy has proposed creating a favourable tax environment for investors, tweaking of safe harbour rules, unlocking domestic pools of capital,…

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India, UK to Open Trade, Markets to Support Growth

Amid fears of the global economy edging close to recession, India and UK have agreed to open up trade and markets to support growth, carry out structural reforms and address issues related to cross-border tax evasion.After talks between India’s Finance…

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Indus OS raises $5 million from Omidyar Network

Indus OS, a regional-language smartphone operating system, said it has raised $5 million (about Rs 33.8 crore) funding from investors led by Omidyar Network. The Series A funding will be used to invest in technology, recruit new talent and expand…

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RIL delivers stellar Q3

Tuesday posted a 38.7 per cent increase in its consolidated net profit at Rs 7,290 crore for the third quarter of this financial year. Net profit for the same quarter last year stood at Rs 5,256 crore. On a sequential…

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Foodtech start-up Swiggy raises $35 million

At time when most of the start-ups in the food delivery segment are either shutting shops or scaling down their operations, Bengaluru-based food delivery app Swiggy has raised $35 million in Series C round. The round was led by New…

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Foodtech start-up Swiggy raises $35 million

At time when most of the start-ups in the food delivery segment are either shutting shops or scaling down their operations, Bengaluru-based food delivery app Swiggy has raised $35 million in Series C round. The round was led by New…

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EPFO may cut administration charges to 0.5% from 0.85%

Under attack from various quarters for ?overcharging? the subscribers, the Emplyeees Provident Fund Organisation (EPFO) intends to prune administration charges to 0.5% from 0.85%. However, Employees State Insurance Corporation (ESIC) won?t bring down the contribution of employees nor employers as…

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