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News: Economic Times - Home

GST: After eateries, now Modi govt tells FMCGs to get in line 

GST: After eateries, now Modi govt tells FMCGs to get in line The govt has allowed the new MRP to be printed on stickers following the cut in GST, relaxing the rule that it has to be printed directly on the packaging.
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Here is how IIT-Madras fostered a thriving startup culture within its campus

Here is how IIT-Madras fostered a thriving startup culture within its campusSince 2006, 140 startups have been a part of the IIT-M Incubation Cell. Of these, 32 startups have raised a total $108 million from investors.
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Gujarat elections: Why Narendra Modi’s CMship is BJP’s strength even now

Gujarat elections: Why Narendra Modi’s CMship is BJP’s strength even nowWhile some highlight Modi brought in industry, built bridges and flyovers, maintained law and order, others talk of the work he did for improving infrastructure.
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China shows interest in talking OBOR with India

China shows interest in talking OBOR with IndiaRecently Chinese ambassador said that China can change the name of CPEC and create an alternative corridor through J&K to deal with India’s concerns.
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Symbol allotment brings AIADMK out of slumber

Symbol allotment brings AIADMK out of slumberThe Election Commission order has not laid to rest the speculations and reports on the relationship between the two Palaniswami and Panneerselvam.
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Hafiz Saeed released from house arrest

Hafiz Saeed released from house arrestThe JuD head, who carries a bounty of $10 million announced by the US for his role in terror activities, has been under detention since January this year.
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Maha to pay 5 times for agricultural & non-rural land

Maha to pay 5 times for agricultural & non-rural landThe decision would help in acquisition of land for big ticket infra projects like the Rs 46,000-cr Mumbai-Nagpur super expressway and other projects in the state.
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Padmavati & mirror: Skewed view from Chittor fort

Padmavati & mirror: Skewed view from Chittor fortA 50-minute light-andsound show at Chittorgarh Fort’s Kumbha Mahal run daily by the RTDC also mentions that Padmavati’s reflection was shown in a mirror to Khilji.
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Only concerned about any fraud in chooper deal: SC

Only concerned about any fraud in chooper deal: SCThe court said it was not questioning the decision of the govt to go for choppers but demanded an explanation over why the state had bid for a particular chopper.
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Bail condition in PMLA unconstitutional: SC

Bail condition in PMLA unconstitutional: SCRuling is significant in the light of recent govt rules brought in under the Act, treating all money in bank a/cs that are not linked to Aadhaar as “proceeds of crime” or “laundered” money.
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Tech view: Nifty50 forms a Doji; may see a breakout on either side

A firm close above the 10,375 level will help the Nifty50 index retest the 10,490 level.
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After Hours: Insurance stocks bleed; IT players gain most

A spike in crude oil prices and December US Fed rate hike weighed on market sentiment.
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Money in fineprint: This stock doubled investor wealth in a year

The company’s stock hit a fresh all-time high of Rs 509.05 in Wednesday’s trade.
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SBI Life bets on metals and oil & gas for growth

Steel prices have also surged as India imposed anti-dumping duties on some flat steel products
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2018 will be as good for equity as 2017: Aviva Life

“2017 is the first ever year when markets have not corrected by even 5% once ”
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Stock-specific bets on private banks: Kotak Sec

“Interest is coming back in the IT sector because of the improvements in the US economy”
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10 million prepaid meters to be procured for up under Saubhagya scheme

Leading national and international companies, including L&T, HPL, Landis and Gyr, Secure Meters have expressed their interest in the global competitive-bidding tender for the pre-paid meters.
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Shapoorji Pallonji Group's Rs 25 cr investment in infra projects to create 1L jobs

SP Group, which built the iconic RBI headquarters, will invest Rs 8,900 crore to build a new port in Saurashtra and another Rs 6,500 crore to construct the Jammu-Udhampur highway.
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Investment not a problem, but we need to tackle regulatory hurdles: Suresh Prabhu, Commerce Minister

There are a large number of countries where markets are open and India has invested in the past strategically geopolitically, by putting human resource or money, added Prabhu.
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Stickers on existing stock must show GST cut: Govt to FMCGs

The govt has allowed the new MRP to be printed on stickers following the cut in GST, relaxing the rule that it has to be printed directly on the packaging.
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R&D centres move court after losing tax sops under GST

“R&D centres that wanted to set up operations in India were given a three-year exemption under the earlier tax regime , and to withdraw that under GST upsets operational capabilities of these companies.”
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Bankruptcy code changes comfort for new investors: Stakeholders

The changes proposed are expected to help streamline the process of selecting buyers for stressed assets.
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Airtel eyes spectrum, equipment of RCom

An industry insider said that it was unlikely that the suitors would bid aggressively for the airwaves as there is no longer any spectrum shortage in the country.
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DoT exempts feature phones from GPS installation diktat

The Department of Telecommunications, which said in April last year that all mobile phones must have GPS capability, has now scaled down the mandate.
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Google to prepare 1.3 lakh Indians for emerging technologies

As part of the programme, Google will fund 100,000 scholarships on the Pluralsight technology learning platform and 30,000 scholarships on Udacity platform.
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Cloud and mobile are the drivers of the future: Sanjay Poonen, VMware

The virtualisation company is a subsidiary of Dell technologies that provides cloud computing and platform virtualisation services.
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Hearings in Infosys vs Rajiv Bansal case to begin in December

Bansal had invoked his rights to an arbitral tribunal early this year on the issue of Infosys holding back a substantial portion of his severance pay.
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Clients' demand for quick service, short-term deals force IT cos to alter delivery models

Tata Consultancy Services and Wipro are looking to adopt the new shorter and quicker delivery model at scale, rather than on selected projects.
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Teva Pharmaceutical set for major layoffs in Israel, US: Report

The world's largest generic drugmaker will send termination letters to "tens of percent" of its 10,000 employees in the United States in coming weeks, Israeli financial news website Calcalist said.
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New Uber CEO Dara Khosrowshahi keeps finding horrors at every turn

Somehow, the new chief executive officer keeps finding more horrors at every turn. The latest is a cyberattack Uber had been concealing since last year.
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Tesla cranks up big battery in Australia

Tesla has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on.
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US Supreme Court to rule on wedding cake that split America

The appeal has become the most important case involving gay rights to reach the country's top court since it approved same-sex marriage in June 2015.
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Australian government raises alarm over China’s assertiveness in Indo-Pacific

The paper echoed India’s concerns over China’s OBOR initiative and stated that the region’s stability depends ultimately on China and the US managing their tensions.
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Jobs growth in eurozone at 'highest since dotcom era'

In another sign that a robust economic recovery, purchasing managers' index rose to 57.5 points in November from 56 the previous month.
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Centre grants VIP security cover to Hardik Patel

The Central Industrial Security Force (CISF) has been entrusted with the task of safeguarding the Patidar Anamat Andolan Samiti (PAAS) leader.
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Narendra Modi’s CMship BJP’s strength even now

While some highlight Modi brought in industry, built bridges and flyovers, maintained law and order, others talk of the work he did for improving infrastructure.
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Maharashtra to pay 5 times for agricultural & non-rural land

The decision would help in acquisition of land for big ticket infra projects like the Rs 46,000-cr Mumbai-Nagpur super expressway and other projects in the state.
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GST implementation an example of how not to implement it: Yashwant Sinha

Sinha said the government is bringing some changes in the GST slabs, but these are "ad-hoc" measures. "All these ad-hoc measures are not enough," he said.
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Hardik Patel confident that Patidar reservation will pass the SC's scrutiny

"SC looks afresh at each case before it and in case the matter of Patidar quota comes up before it for a judicial review, it can do a rethink on the issue," Hardik Patel said.
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Patidar strongman of Mehsana Nitin Patel made of sterner stuff

Apart from calling both Hardik and Congress “fools”, Gujarat’s Deputy Chief Minister spoke of how he and his party have put “so many people in their place”.
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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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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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'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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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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ET Search

Rupee#CAD#Economic crisis#Food Bill
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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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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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GDP print, DeMo data adverse; but D-Street still sees silver lining. How?

Benefits including increased tax compliance will likely play out in the medium term.
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Opening Bell: Top cues that changed your market while you were sleeping

TCS, India’s largest technology firm by revenue, on Tuesday reported a 2.5 per cent sequential drop in net profit at Rs 6,608 crore for the quarter ended March 31, 2017.
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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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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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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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