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July 30, Thursday 2015 9:37 PM       
       HEADLINES: Gold, cash stolen in Kozhikode                                              No power tariff or surcharge hike in state                                              Murder of Chandrabose: HC upholds slapping KAAPA against Nisham                                              Uthup Varghese files anticipatory bail plea                                              Jawan killed as Pak violates ceasefire in Poonch                                              Saddened by Memon's execution: Shashi Tharoor                                              Rope made in Bihar jail used to hang Memon                                              Landslides kill 25 people in Nepal                                              Two security personnel, three terrorists killed in Pak                                              Raina completes 10 yrs International Cricket today                                              New FIFA president will not end problems: Bach                                              I hope to be fit before World Championships: Saina Nehwal                                              Kaumudi Facebook
       BUSINESS  
         Caparo Group committed to make new small car in Bengal: Paul    
 
 
LONDON: Leading NRI industrialist Lord Swraj Paul has assured Chief Minister of eastern Indian state of West Bengal, Mamata Banerjee that his company is committed to make the state its first choice for manufacturing a new small car.

 
         "India is a key mkt, committed to success of projects"    
 
 
DUBAI: Terming India as a key market, real estate company Emaar Properties Thursday said it is committed to the success of its projects in the country through its joint venture firm Emaar MGF.

 
         RBI sets rupee reference rate at 63.7138 against dollar    
 
 
MUMBAI: The Reserve Bank of India today fixed the reference rate of rupee at 63.7138 against the US dollar and 69.6264 for the euro as against 63.5283 and 69.6016 respectively yesterday.

 
         Airtel starts 4G trials in Bhubaneswar, Cuttack    
 
 
BHUBANESWAR: Mobile service provider Bharti Airtel launched 4G trials, enabling super-fast Internet speed, for existing customers in Bhubaneswar and Cuttack.

 
         "Kudankulam-II to be commissioned in 6-8 months"    
 
MOSCOW: The second unit of the Kudankulam Nuclear Power Plant in Tamil Nadu will be commissioned in the next 6-8 months amid efforts to expedite the setting up of 12 atomic plants proposed to be built by Russia in India in two decades.

 
         Adidas seeks permission for company stores in India    
 
 
NEW DELHI: German sportswear major Adidas Group has approached the government for allowing 100 per cent FDI to operate company-owned stores in India, as part of its expansion plans in the country.

 
         Sensex climbs 248 pts to 3-month high, Nifty above 8,600    
 
 
MUMBAI: The benchmark BSE Sensex extended its winning run for the second day Thursday surging almost 248 points to end at 28,446.12, a three-month high, amid sustained foreign capital inflows.

 
         Volvo to export its India made buses to Europe    
 
 
BENGALURU: Global auto major Volvo Buses Tuesday announced that it will export its latest models of buses made in India at its facility near the city, to Europe from this year.

 
         Over 16 lakh investor accounts added in stock markets in one year    
 
 
MUMBAI: A strengthening securities market backed by investor-friendly climate has helped boost the number of investor accounts on the depositories by 16.64 lakh to nearly 2.4 crore in the last one year period.

 
         India, US sign FATCA to fight tax evasion    
 
 
NEW DELHI: To check offshore tax evasion, India and the US today signed an agreement to implement FATCA that will facilitate exchange of information between the two countries from October 1.

 
         Essar Oil to sell 49% stake to Russia's Rosneft for USD 3.2 bn    
 
NEW DELHI: Russia's top oil producer Rosneft will buy 49 per cent stake in Essar Oil for about USD 3.2 billion after excluding the Mumbai-based firm's flourishing coal-bed methane (CBM) business.

 
         Car sales subdued in June; Maruti,Hyundai post marginal growth    
 
 
NEW DELHI: Domestic car sales were in a slow lane in June with major manufacturers Maruti Suzuki and Hyundai posting single digit growth as the auto industry continued to face challenging times.

 
         Microsoft writes off $7.6 bn in Nokia deal; to cut 7,800 jobs    
 
 
NEW YORK: In a major restructuring of its mobile devices business, US tech giant Microsoft today said it is writing off USD 7.6 billion it spent on acquiring Nokia and will cut 7,800 jobs, but was silent on India impact.

 
         Gold plunges to 3-mnth lows, silver dips by Rs 1,550    
 
 
NEW DELHI: Gold prices tumbled Rs 330 to trade over 3-month lows at Rs 26,170 per ten grams at the bullion market today, tracking a weak global trend amid easing demand from jewellers.

 
         Lybrate gets funding from Ratan Tata, Tiger Global & NVP    
 
 
NEW DELHI: Tata Sons Chairman Emeritus Ratan Tata, along with Tiger Global Management and Nexus Venture Partners (NVP) have invested USD 10.2 million (about Rs 64.8 crore) in healthcare startup Lybrate.

 
         Sensex tanks 500 pts; Nifty cracks 8,400 mark    
 
 
MUMBAI: Continuing its slide, the benchmark BSE Sensex in mid-session tanked over 500 points and the NSE Nifty cracked the 8,400-mark after Chinese shares extended rout and fears of Greek eurozone exit hit trading sentiment.

 
         Nestle pays Ambuja Cements Rs 20 crores to destroy Maggi packets    
 
 
NEW DELHI: Nestle India has paid Rs 20 crore to Ambuja Cements for destroying Maggi instant noodles, which were found to be harmful for human consumption by the food regulators in the country.

 
         USL exits United Breweries with Rs 872-cr stake sale    
 
 
NEW DELHI: Diageo-controlled United Spirits Ltd (USL) has exited from Vijay Mallya-led United Breweries Ltd by selling its entire 3.21 per cent stake in the company for Rs 872 crore.

 
         Indian cos with exposure to Europe decline on Greece worries    
 
 
MUMBAI: Shares of Indian companies with exposure to Europe fell today following Greeks' rejection of rescue package from creditors.

 
         SpiceJet lowers fares in limited period offer    
 
 
NEW DELHI: Budget airline SpiceJet today rolled out another limited period low fare scheme, offering starting ticket prices as low as Rs 1,899 for flights across western and southern domestic network.

 
         Rupee rises for 5th day vs USD, up 4 paise to 63.40    
 
 
MUMBAI: Continuing its rising streak for the fifth straight session, the rupee in a volatile trade today ended higher by 4 paise to 63.40 against the US currency following consistent selling of dollar by banks and exporters.

 
         Airbus to build military choppers in India with Mahindra    
 
 
NEW DELHI: Europe's Airbus Group and India's Mahindra Group have struck a deal to build helicopters jointly as they bid to win an expected wave of orders from the country's armed forces, the companies said in a statement on Friday.

 
         BSNL launches mobile wallet with cash withdrawal option    
 
NEW DELHI: State-run operator BSNL today launched a pre-paid card linked mobile wallet service which would allow its customers to transfer money, pay for services as well as withdraw cash of up to Rs 1 lakh.

 
         Services sector contracts for 2nd month as new orders dry up    
 
NEW DELHI: Raising concerns about India's economic growth momentum, a survey today showed that the services sector contracted for the second consecutive month in June as new orders declined for the first time in 14 months.

 
         Mobile operators to roll out nationwide MNP tomorrow    
 
 
NEW DELHI: Mobile operators Airtel, Vodafone, Idea, RCom and others including state-run BSNL and MTNL have announced rolling out from tomorrow the full mobile number portability (MNP) that will allow customers to retain their numbers across the country.

 
         Lupin acquires Russian drug firm Biocom    
 
NEW DELHI: Drug major Lupin today announced the acquisition of Russia's Biocom, marking its foray into the market which is expected to be one of the top eight pharmaceutical markets in the world by 2018.

 
         Global economy recovering; nowhere near depression: Rajan    
 
CHENNAI: Global economy is in a recovery mode which is still weak, but the overall situation is "not anywhere" like the depression of 1930s, Reserve Bank Governor Raghuram Rajan said today. "I re-emphasise that the global economy is in recovery. It not a strong recovery by any means...recovery is weak but not anywhere that looks like depression (of 1930s)," he said when asked about his views on the world economy and its challenges.

 
         Ratan Tata buys stake in Ola    
 
 
NEW DELHI: Top industrialist Ratan Tata has bought a stake in online taxi-hailing firm Ola, the company said today. Ola however did not disclose the size of the stake taken or the money invested, saying the investment was made by Tata in his personal capacity.

 
         IndiGo faces litigations involving Rs 1,114 crore    
 
NEW DELHI: No-frills carrier IndiGo is facing multiple litigations, including those related to income and service tax, involving an amount of at least Rs 1,114 crore.

 
         RIL to invest Rs 2.5 lakh crore in digital space: Ambani    
 
 
NEW DELHI: Reliance Industries will make an investment of over Rs 250,000 crore in the digital space, including rollout of wireless broadband infrastructure and manufacturing of mobile handsets, its chairman Mukesh Ambani said today.

 
 
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