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Cabinet clears 49% FDI in insurance with Indian control
23 Jul 2014 at 11:52pm
The Cabinet on Thursday approved 49 per cent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters.

Rupee slips from two-week highs, ends at 60.12 vs US dollar
23 Jul 2014 at 9:58pm
In contrast to rising equities, the rupee on Thursday retreated from nearly two-week highs and ended three paise lower at 60.12 against the Greenback on late dollar demand from importers.

Rupee up 6 paise against dollar in early trade
23 Jul 2014 at 9:58pm
Extending gains for the third straight day, the rupee strengthened by six paise to 60.03 against the US dollar in early trade on Thursday at the Inter bank Foreign Exchange market on increased selling of the American currency by exporters.

AirAsia to launch flights to Jaipur, Chandigarh from September
23 Jul 2014 at 9:31pm
New no-frill carrier AirAsia India on Thursday said that it would launch new flights connecting Jaipur and Chandigarh to Bengaluru from September, marking its entry into North India barely a month after launching operations.

India will not back WTO protocol unless concerns addressed: Sources
23 Jul 2014 at 9:02pm
India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met, two senior government officials said on Wednesday, a position that threatens to derail a landmark global trade deal.

Nifty closes above 7800 for first time ever, Sensex ends at record high of 26...
23 Jul 2014 at 8:47pm
The market has ended on high note after a volatile trading session. The Nifty closed above 7800 for first time ever, at 7830.60, up 34.85 points.

Pre-opening: Sensex, Nifty momentum to ride on Q1 earnings
23 Jul 2014 at 8:47pm
Change in the method of depreciation and a higher share of profit petroleum hit Cairn India's Q1 botttom line with profits down 64 percent Y-o-Y. Top line too failed to meet street expectations, declining 11 percent, much higher than anticipated. Indian equities hit new life-time highs as bulls took charge on Wednesday.

IT giant TCS crosses Rs 5 lakh crore market cap; first by an Indian company
23 Jul 2014 at 7:12pm
Tata Consultancy Services (TCS), the country's largest software services exporter, on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to achieve this milestone.

Jet Airways, Etihad woo passengers with 20-50 pc discount on fares
23 Jul 2014 at 6:39pm
Private carrier Jet Airways and its 24 per cent equity partner Etihad on Thursday announced a 20-50 per cent special limited period discount on fares across 135 international destinations of the two carriers.

Wipro Q1 profit rises 29.5 per cent to Rs 2,103 crore
23 Jul 2014 at 5:28pm
IT services major Wipro on Thursday reported a 29.5 per cent growth in its consolidated net profit at Rs 2,103.2 crore for April-June period, helped by large deals in the application and infrastructure space.

UAE's TAQA pulls out of $1.6 billion India power deal
23 Jul 2014 at 2:12pm
Abu Dhabi National Energy Co (TAQA)TAQA.AD is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior TAQA official told Reuters on Thursday.

India likely to grow at 6 per cent in 2014-15: Harvard professor
22 Jul 2014 at 11:33pm
The Indian economy is likely to grow at six per cent in 2014-15 and if the new government delivers on its promise of good governance, reversion to a growth rate of around 7-8 per cent can occur in coming years, Harvard University professor Gita Gopinath said.

Rupee rises 15 paise to end at over one-week high of 60.09 against US dollar
22 Jul 2014 at 9:29pm
Extending its rising streak for the second straight session, the rupee strengthened by 12 paise to trade at 60.12 against the US dollar in early trade on Wednesday on sustained foreign capital inflows.

Rupee rises 12 paise against dollar in early trade
22 Jul 2014 at 9:29pm
Extending its rising streak for the second straight session, the rupee strengthened by 12 paise to trade at 60.12 against the US dollar in early trade on Wednesday on sustained foreign capital inflows.

Tomato prices skyrocket, reach Rs 80 per kg in Delhi
22 Jul 2014 at 9:27pm
With prices sky rocketing, tomato dishes may not be the menu in many household across the country. The soaring price of tomato is the biggest concern of the common people across India.

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