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News: Economic Times - Home

No pay for Snapdeal founders, company confirms it's sacking staff

No pay for Snapdeal founders, company confirms it's sacking staffSoftBank, Foxconn and Alibaba Group-backed company's founders, Kunal Bahl and Rohit Bansal, have pledged not to take salary, for an unspecified period.
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Trump hardens immigration rules, 3 lakh Indian-Americans to be affected

Trump hardens immigration rules, 3 lakh Indian-Americans to be affectedThe Department of Homeland Security has issued two enforcement memos, which among other things, tightens deportation of illegal immigrants.
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Forget Trump, come to us! EU says it's ready to accept more Indian techies

Forget Trump, come to us! EU says it's ready to accept more Indian techies"Indian people are highly skilled. Our IT sector would not have been successful if we did not have skilled professionals from India."
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Fake Rs 2000 notes from 'Children Bank of India'

Fake Rs 2000 notes from 'Children Bank of India'The incident happened on February 6 when a customer care executive had gone to the ATM to withdraw cash for his daily expenditures.
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INS Betwa back on even keel

INS Betwa back on even keelThe incident had occurred during undocking evolution and it was suspected that the dock-block mechanism had failed. The mast of the ship has hit the ground on the left side.
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Prabhu unveils Antyodaya Express for common man

Prabhu unveils Antyodaya Express for common manReady to be pressed into service on busy routes, the first Antyodaya Express will be launched between Mumbai and Tatanagar, and the second will be between Ernakulam and Howrah shortly.
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Russia still India's largest defence partner

Russia still India's largest defence partnerFrom 2012 to 2016, Russia supplied 68 per cent of India's arms import, as per the survey by Stockholm International Peace Research Institute
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Pawar completes 50 years in electoral politics

Pawar completes 50 years in electoral politicsSenior NCP leader Praful Patel, Pawar's nephew and former Maharashtra Deputy Chief Minister Ajit Pawar were prominent among those who wished him on the occasion.
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Don't take Lalu seriously: Radha Mohan Singh

Don't take Lalu seriously: Radha Mohan SinghOn the black money issue, he said be it Mayawati or Congress President Sonia Gandhi's son-in-law Robert Vadra, no one will be spared if found guilty.
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TDS default: I-T issues 850 prosecution notices

TDS default: I-T issues 850 prosecution noticesCBDT Chairman Sushil Chandra had recently written to the field offices of the department to step up action and check TDS defaults by firms and employers.
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UK economy picks up in late 2016 but signs of Brexit hit appear

The ONS trimmed its estimate for 2016 growth to 1.8 percent from 2.0 percent, reflecting weaker stock-building that led to a downward revision first quarter figures.
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US shutting down Dakota Access oil pipeline protest camp

Large-scale arrests are possible at the camp today, said Morton County sheriff's spokeswoman Maxine Herr, but she insists that's not want authorities want.
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US Powerball jackpot grows to $403 million, 10th largest ever

The last time a winning ticket in the jackpot was sold was on Dec. 17. The odds of winning the jackpot is 1 in 292,201,338.
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Sun, sand and secret police: Holidays in Saudi Arabia will be a hard sell

Saudi Arabia as a whole isn’t ready for tourists either. But its rulers are intent on revolutionizing the economy, and tourism is high on their list.
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AccorHotels 2016 profit beats forecasts, French market improved in Q4

AccorHotels said a plan to turn property unit HotelInvest - whose assets are worth $7 bn into a subsidiary in 2017 would give it significant headroom for expansion.
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North Korea diplomat wanted over Kim Jong-Un's killing: Malaysia

Investigators have put five North Koreans in the frame for last week's brazen killing of Kim Jong-Nam at Kuala Lumpur International Airport and have said they are seeking three more for questioning.
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 Satya Nadella pitches for poor, unveils tech for semi-skilled

The technology giant also launched a 'lite' version of its video interaction platform Skype.
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Nasscom signs MoU with ITAC Japan

The organisations will work together for various activities like exchanging statistics and dynamic practices related to the respective IoT industries and will look at facilitating exchange programs for association members.
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Ramco Systems bags $2.5 million cloud deal from Allegis Group

Allegis Group is a global leader in talent solutions, and the largest privately held staffing company in the world.
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Government launches free anti-virus for PC, mobile phones

"I would like ISPs (Internet Service Provider) to encourage their consumers to come on board, there is a free service available," IT Minister Ravi Shankar Prasad said.
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Ravi Shankar Prasad launches botnet centre; NCCC to be ready by June

Sector specific computer emergency response teams (CERT) for industries such as power, communications etc, will also be created, Ravi Shankar Prasad, Union Minister for Electronics and IT said.
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HTC to trim India portfolio in 2017, move out of sub-Rs10,000 segment

The Taiwanese smartphone maker will also launch its virtual reality headsets in India within the next quarter, at over $950 apiece, after having delayed it by a few months.
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FM must rethink

TT Ram Mohan has rightly suggested that the tax-GDP ratio measures structural improvement. The FM must rethink his medium-term debtto-GDP target.
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Amalgamate banks

Financial inclusion and financial literacy will be the paramount objective while implementing reforms along with UID project to protect the interests of poor.
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Managing data

This refers to your edit ‘A welcome quest’ (ET, Oct 8). It is imperative to have a strong database.
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Right technology

Apropos of ‘The climate conundrum’ (ET, Oct 9), Mukul Sanwal rightly suggests that developing countries should lead in setting the agenda for global technological cooperation.
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Gift City MD Ajay Pandey questions need for another IFSC in Mumbai

Two IFSCs will not be feasible in a country where there is no full capital account convertibility of the currency as it would defeat the purpose of a special economic zone, Ajay Pandey.
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Govt must review tax on cash deals over Rs 2 lakh: Assocham

Finance Minister Arun Jaitley in his Budget 2016-17, had imposed TCS of one per cent on goods and services purchased in cash in excess of Rs 2 lakh.
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New agency to probe anomalies in IT returns filed post noteban

On black money issue, Radha Mohan Singh said be it Mayawati or Congress President Sonia Gandhi's son-in-law Robert Vadra, no one will be spared if found guilty.
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Promoting biz, investment necessary to address trade deficit: China

Government policies have to be favourable to help bilateral relations grow to a new high, Lu Xinhua said, adding that China will continue to be a problem solver for its corporates.
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India needs to create bad bank quickly : FinMin aide

Addressing banks' bad loans is the top priority of the govt, Subramanian said that it was important for banks to get political cover to write down debts they are unable to recover.
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Labour ministry notifies fixed–term employment for made up sector 

The cabinet had in December last year gave its nod to increase permissible overtime up to 100 hours per quarter in Made-ups manufacturing sector.
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Tech view: Nifty50 forms 'Doji' pattern as bulls turn indecisive

It was a sharp jump RIL that did the trick on Wednesday. Still, the index formed a ‘Doji’ pattern on daily chart, suggesting indecisiveness among traders.
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ETMarkets After Hours: Big boss RIL returns; IT stocks turn sour

The day’s gains in equity benchmarks Nifty and Sensex can solely be attributed to the rally in RIL shares, as the broader market remained largely sluggish.
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Neil Armstrong strategy: Bet on first-mover businesses

Take this! Shares of Eicher Motors, which enjoy a competitive advantage with its Bullet range of motorbikes, have surged over 7,721% in last 10 years.
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Midcaps are leading the charge; 10 stks worth a look

The Nifty Free Float Midcap100 touched a high of 16,501 while the Nifty Midcap50 rose to a high of 4,191 in the first 30 minutes of trade on Wednesday.
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US oil near 7-wk high; Opec upbeat on output curbs

Brent crude was up 23 cents, or 0.4 per cent, at $56.89, having touched its highest since Feb. 2 at $57.31 in the previous session.
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There are 3 drivers in the market today: Yes Sec

Any kind of dip that you see on Reliance Industries would make it a very good investment opportunity, says Shankar.
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Traders bet on calendar spread as Nifty moves in a tight range

A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors.
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Nifty may find support at 5300 level

As far as stock futures are concerned, we are very near to the highest-ever open interest with 195 crore shares in open interest.
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Seven out of top 10 Asian small-cap funds are Indian

An analysis of 300 Asian small-cap schemes shows DSP BlackRock Micro Cap Fund leading the charge, delivering an 82% return over the past year.
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Inflation reflects growth dynamics in India: Christopher Wood

India has inflation and it reflects the fundamental growth, Christopher Wood, equity strategist, CLSA, said at ET Now Mkt Summit-2010.
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Market may trade in a range, but FIIs seen sold on India

Market may see range-bound trading this week in the absence of any major trigger.
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'Don't bank only on price-to-earning ratio'

Many experts believe that looking at PE ratio in isolation won’t help investors grasp realities of the mkt and higher valuation may not be the only deciding factor driving mkt.
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Every decision of government needn’t be a big reform: Anand Mahindra

"The fact that we are the world’s largest democracy and we are all aware that power and a role in global affairs for a nation comes from economic strength."
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Narendra Modi has his eyes set on boosting business: Joao Cravinho, EU Ambassador

Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various European countries to a quiet lunch with Modi at the capital last year.
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Confidence level of industry improving: KV Kamath, ICICI Bank

"It is the collective wisdom of the marketplace that there is action and we will move with speed. That improves the confidence level of industry."
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We may see rapid growth over the next few years: Raamdeo Agrawal

Directives from the Centre have to be executed at the state level. So, there are many things that are not in Modi’s hands, says Raamdeo Agrawal.
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Our commitment for press freedom, and autonomy of public broadcast is absolute: Prakash Javadekar

"Now there is a stage three and stage four of digitisation, we will take a call on this only after taking all things into account."
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There is a leadership vacuum in Infosys, time to get Nandan Nilekani back: Mohandas Pai

"There is a leadership vacuum in the company, because they made the wrong choice of CEO three years ago and that is playing out right now."
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Alfa raises delisting price to Rs 2,850 a share

Alfa Laval (India) today said its parent firm has raised the delisting offer price to Rs 2,850 a share.
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DB Realty, Unitech stocks rose

The stocks of DB Realty and Unitech rose after top executives of these companies were granted bail in the 2G scam case.
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Fitch withdraws Reliance Capital ratings

Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating.
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'Discoms' poor fin health poses risks for traders'

The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says Fitch.
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Cigarette cos shares outperform benchmark Sensex

Shares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.
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Lovable Lingerie's dream run on as traders lap it up

Lovable Lingerie is 3rd-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat performance of Page Indus.
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After the Oscars, what's next for silent stars of The Artist?

The team behind The Artist will have spent the first day of the rest of their lives conforming to the grandest, and most lucrative, of Hollywood traditions.
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Delhi World Book fair: A fair like no other

It's the World Book fair, which comes around once every two years sprawling across the giant halls of Pragati Maidan. This is the fair's 20th edition.
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Indian gift makes its way to State Department exhibition

An elephant figurine gifted by the then HM LK Advani to US Secretary of State Colin Powell in 2002, has made its way to the State Department hall.
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IMD to use dynamic models for forecasts

Statistical models used by IMD will still be used for monsoon forecast, but the ministry of earth sciences is putting more emphasis on dynamic models.
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Docs reveal contents of first wire msg between India & Eng

Newly discovered documents have revealed the first telegraph messages and joy when England was linked for the first time with India on 23 June, 1870.
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Worried Amitabh Bachchan fans pray to Lord Shiva for his recovery

Hundreds of worried fans of ailing Bollywood megastar Amitabh Bachchan today performed a yagna here to pray for his speedy recovery.
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'Big Daddy' laps up Cipla after Q1 nos beat forecast

Shares of Cipla inched up on heavy volumes on Friday, after the company’s first quarter earnings beat the consensus estimate.
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Old Fox has dream run on Dalal Street

The Old Fox of Dalal Street has been on a dream run since the past couple of weeks. On Friday, most stocks that he had been steadily building up positions in figured among key gainers of the day.
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Cairn India hits record high on BSE amid stake sale talks

The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.
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Vedanta plunges 5.59% on LSE amid talks to buy Cairn stake

In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
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SBI shares on gaining spree; hit record high

In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.
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UP Polls 2017: Sonia takes on PM Modi, accuses him of depriving people of welfare schemes

Saying she had abstained from election campaign "due to some reasons", Gandhi said in an open letter that Rae Bareli and Amethi were "an integral part of our lives".
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Akhilesh admitted SP-Congress tie-up 'opportunistic': Naidu

Naidu sounded optimistic of BJP forming the government in the country's most populous state, saying the two weak parties (Congress and SP) cannot match the strength of the BJP.
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Sharad Pawar completes 50 years in electoral politics

Senior NCP leader Praful Patel, Pawar's nephew and former Maharashtra Deputy Chief Minister Ajit Pawar were prominent among those who wished him on the occasion.
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No post-poll alliance with BSP or any party in UP: Amit Shah

As UP gears up for the fourth phase of the seven-phase Assembly elections tomorrow, Shah, said that the BJP not naming a CM candidate was part of the party's poll "strategy".
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PM Narendra Modi targeted as he is from poor family: Uma Bharti

The Union Water Resources, River Development and Ganga Rejuvenation Minister exuded confidence that voters would give a befitting reply to these political parties.
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BJP trying to foment trouble in Left-ruled states: Sitaram Yechury

Yechury has alleged that the issue was "extremely potent" and has the potential to "disrupt" peace in the north eastern state, where the ethnic problem has ebbed during the past several years.
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ET Search

Rupee#CAD#Economic crisis#Food Bill
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Uber merging China ops with Didi in $35 bn deal

Uber will reportedly continue to operate its own app in China for now. Uber declined to comment on this to the publication.
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Jinping under pressure for strong SC Sea response

Some elements within China's military are pushing for a stronger - potentially armed - response aimed at United States and its regional allies.
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No government accommodation for former CMs: SC

The apex court also directed six former chief ministers of Uttar Pradesh to vacate government houses allotted to them.
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Manufacturing PMI at 4 month high of 51.8 in July

The seasonally adjusted Nikkei India Manufacturing Purchasing Managers Index edged higher in July, at 51.8 compared with 51.7 in June.
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Scooter's back, with new hero on road

Slowing rural demand after two rain deficit years might be weighing down Splendor's sales but Honda says there is more to these results than El Nino.
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PM Modi's two years have been 'Acche din' for India's space community

Since Modi took over, India's spaceship reached Mars, launch of India's mini space shuttle was a huge success, and ISRO started swadeshi sat-based navigation.
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Prabhudas Lilladher has a reduce rating on Infosys

Prabhudas Lilladher has a ‘reduce’ rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term.
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Fin Crisis: Too late and too little done in US

A crisis of $240 trillion cannot be stemmed with bailout packages of $1 to $10 trillion. 2008: Year of global financial crisis | Survive credit crisis | Ghosts of 1929
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Weak rupee takes its toll on cos with huge foreign debt

The falling rupee will severely affect the small companies, whereas the big ones will be impacted moderately. Get rid of Debt | Adopt correct investment strategies
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Wait for more signals before turning positive

At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally.
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Six Indian cos among BusinessWeek's top 100 Infotech firms

BusinessWeek's 'The Infotech 100', has ranked Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th). Successful business formula
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Indian firms slip in global ranking; four move out of Top-500

14 firms present in a new list of world's 500 most valued firms together seeing an erosion of about $150 billion in their market value in the first three months of this year.
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