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December 20, Saturday 2014 3:10 PM       
       HEADLINES: Film actor Sajan Piravom dies                                              Devaswom employee found dead in temple                                              Man run over by train                                              Man dies in accident                                              Sudheeran expresses dissent again                                              Lakhvi bail: India conveys ‘strong concerns’ to Pakistan                                              Sena wants Pakistan to go after Hafiz Saeed                                              India taking steps to deal with China's influence in seas                                              India shocked by Lakhvi's release: Modi                                              Conversion to Islam solely for marriage not valid: High Court                                              Australian woman arrested for murder of eight children                                              Atletico de Kolkata releases striker Fikru                                              Djokovic, Serena named World Champions for 2014                                              India 71/1 at stumps on day 3 against Australia                                              Kaumudi Facebook
         GDP likely to grow 5.5 percent in 2015: Mid-year review    
NEW DELHI: The country's economy is likely to grow at around 5.5 percent in the current fiscal, the finance ministry said in its mid-year review tabled in parliament Friday.

         GST Bill to be taken up in next Parliament session: Jaitley    
NEW DELHI: The GST Bill, which will bring the "single biggest tax reform since Independence", will be taken up in the next Parliament session, Finance Minister Arun Jaitley said today while asserting that concerns of all states have been take care of in the new measure.

         India ranks 93rd in Forbes' list of best nations for business    
NEW YORK: India has not fared well in Forbes' list of the best countries for business this year, ranking 93rd out of 146 nations, behind countries like Mexico, Kazakhstan and Sri Lanka as it cited challenges like poverty and corruption that the country needs to address.

         India signs 625 million euro loan agreement with Germany    
NEW DELHI: India has signed a 625 million euro loan agreement with Germany for financial assistance to Green Energy Corridors (GEC) project under Indo-German bilateral development cooperation.

         RBI may cut rates early next year: Rangarajan    
HYDERABAD: The Reserve Bank of India may go for rate cut early next year as price situation is showing 'definite improvement', former chairman of Prime Minister's Economic Advisory Council, C Rangarajan said today.

         SpiceJet resumes operation, pays cash to buy jet fuel    
NEW DELHI: Troubled airline SpiceJet today resumed operations after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs three crore last evening to buy jet fuel.

         Sensex surges 416pts, Nifty regains 8,100 mark on value buying    
MUMBAI: The benchmark BSE Sensex surged by 416 points to close above 27,000 level while the wider Nifty reclaimed 8,100 mark today on value buying after recent sharp falls and hopes on tax reforms as the Cabinet cleared the long-pending GST bill.

         Sensex drops for 5th day; ends 71 pts lower in volatile trade    
MUMBAI: Extending its fall for the fifth straight session, the benchmark BSE Sensex closed down by 71 points at 26,710.13 (rpt) 26,710.13 due to selling in auto, FMCG and pharma stocks amid continued capital outflows and weakness in rupee.

         Nissan to hike prices by up to Rs 18,000 from January    
NEW DELHI: Japanese car maker Nissan today announced it will hike prices of its entire range of Nissan and Datsun vehicles on sale in India, by up to Rs 18,000 from next month.

         Asia to become world's largest e-commerce market: report    
BEIJING: Asia is set to surpass North America to become the world's largest e-commerce market this year, according to the Economist Intelligence Unit (EIU).

         Re falls to 13-month low of 63.53 against dollar    
MUMBAI: The Indian rupee today plummeted to 13-month low of 63.53 against dollar due to heavy demand for the US currency from importers and some banks amid falling oil prices and chaos in stock markets.

         HC allows Xiaomi to sell Qualcomm-based handsets till Jan 8    
NEW DELHI: The Delhi High Court today permitted Chinese mobile phone maker Xiaomi to sell and import Qualcomm chipset based handsets till January 8, as a temporary measure.

         Sensex plunges 400 points; Bank stocks crash    
MUMBAI: A benchmark index of Indian equities markets Tuesday plunged 400 points in the post afternoon trade session, tracking the SGX Nifty and most of the Asian stocks.

         India is fourth largest exporter of illicit outflows    
WASHINGTON: With a total $439.59 billion, India has jumped one rank to become the fourth largest exporter of illicit outflows over the decade after China, Russia and Mexico, according to a new study.

         SpiceJet flights delayed; fuel payments cited as cause    
NEW DELHI: Amidst pressure from oil marketing companies (OMCs) for payment of their long-pending dues, several flights of cash-strapped SpiceJet were Tuesday delayed apparently for want of jet fuel.

         SpiceJet seeks govt help; Request to be put up before PMO: MoS    
NEW DELHI: Suffering a total liability of about Rs 2,000 crore, beleaguered no-frill carrier SpiceJet today approached the government and sought urgent financial help to run its daily operations.

         Inflation hits a zero, lowest in over 5-years    
NEW DELHI: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items.

         Hyundai to hike prices by upto Rs 25,000 from January    
NEW DELHI: Hyundai Motor India will raise prices of its entire product portfolio in the range of Rs 5,000 to Rs 25,000 from next month, in order to partially offset rising input costs, the company said today.

         Amazon glitch leads to 1p 'bargains'    
LONDON: A software error led to hundreds of items being sold for just 1p on Amazon, and now businesses say they risk going bankrupt if they are forced to follow through with the sales, a media report said Monday.

         India to reap $12-b budget windfall from oil price slide    
NEW DELHI: A plunge of nearly half in oil prices could help Finance Minister Arun Jaitley reap a fiscal windfall of at least $12 billion (Rs 75,000 crore) when he presents his 2015-16 budget in February, two government sources said.

         'Hot Money' from FIIs hits Rs 10-lakh crore mark    
NEW DELHI: Putting Indian markets on fire, the foreign investors have pumped in over Rs one-lakh crore of so-called 'hot money' into stocks during 2014 -- taking their cumulative net investments here beyond Rs 10 lakh crore.

         Rajan for incentivising domestic savings    
Ahead of the forthcoming Budget, RBI Governor Raghuram Rajan today pitched for incentivisation of domestic savings to boost investments in the country.

         Oil prices struggle after WTI sinks below USD 60    
SINGAPORE: Oil prices sank further in Asia today, with analysts warning of little respite from the the selling after plunging more than 40 percent since June.

         Xiaomi suspends sales in India    
Chinese smartphone maker Xiaomi has suspended its sales in India following directions of the Delhi High Court, restraining sales of its products.

         CCI looking into anti-competitive conduct by e-tailers: Govt    
NEW DELHI: Fair trade regulator CCI is looking into alleged anti-competitive conduct by online retail firms like Flipkart India, Amazon, Jasper Infotech and Xerion Retail even as the government is considering introducing norms to safeguard consumers' interest in the e-commerce space.

         Oil takes another dive on OPEC report, US supplies    
NEW YORK: The price of oil has taken another dive, plunging to five-year lows amid mounting evidence that global supplies are far outstripping demand.

         Trade with Asean to touch USD 100 bn next year    
NEW DELHI: The two-way trade between India and Asean are expected to double from the current level of USD 80 billion by 2022 even as it is expected to touch USD 100 billion by next year on account of increasing commercial engagement between the two sides.

         Sensex closes 239 points down, oil stocks plunge    
MUMBAI: A benchmark index of Indian equities markets closed Thursday's trade down 239 points or 0.86 percent as oil and gas stocks tanked. All the industry sector-based indices of the S&P Bombay Stock Exchange (BSE) closed in the red expect for healthcare.

         India likely to grow between 5-6 pc in 2015: Moody's    
NEW DELHI: Indian economy is expected to pick up pace in 2015 and grow in the range of 5 to 6 per cent, helped by strong domestic demand, rating agency Moody's said today.

         RBI to come out with guidelines on refinance    
KOLKATA: The Reserve Bank of India (RBI) would shortly come out with guidelines on refinance of existing projects as demanded by the industry, its deputy governor S S Mundra said today.

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