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March 03, Tuesday 2015 12:27 AM       
       HEADLINES: Ganja case: Kavitha Pillai demanded 2 lakhs to save accused                                              Toddler dies during flight journey                                              Nisham in terrorists’ cell                                              Bride commits suicide                                              VS conspicuous by his absence in State committee meeting                                              Hindus should not watch films of Khans: Sadhvi Prachi                                              I don't believe in VIP culture, says Maha CM Fadnavis                                              Govt, BJP dissociate with Mufti statement; Oppn walks out                                              PDP-BJP alliance an 'unnatural marriage', says Tharoor                                              Ajith Kumar and Shalini blessed with a baby boy                                              China defends docking of its submarines in Sri Lanka                                              Pak-Afghan ties have undergone 'qualitative change': Sharif                                              Best employee we ever had: Jihadi John's former boss                                              Kohli, Dhoni slide down; Shami gains 14 places in ODI rankings                                              All-round Riaz gifts Pakistan their first win                                              Nadal ends title drought with Argentina win                                              Kaumudi Facebook
         Samsung unveils Galaxy S6 to rival iPhone 6    
BARCELONA: Korean electronics giant Samsung today unveiled its much-awaited Galaxy S6 and Galaxy S6 Edge smartphones and would begin selling them in India and other markets from April 10 to compete with rival iPhone 6. The sixth edition of the flagship devices -- Galaxy S6 and Galaxy S6 Edge -- will be available in 20 markets, including India from April 10.

         Ola Cabs acquires TaxiForSure in $200-mn deal    
NEW DELHI: Country's leading taxi service aggregator Ola Cabs has acquired its rival TaxiForSure in a cash and equity deal worth USD 200 million.

         Infosys inks 5-year deal with Dutch firm TNT    
NEW DELHI: India's second largest software services firm Infosys has signed a five-year agreement with global express delivery company TNT to help it simplify and transform technology applications.

         Budget shows commitment to keep fiscal deficit low - S&P    
MUMBAI: India's budget for 2015/16 highlighted the government's commitment to keeping the fiscal deficit low, ratings agency Standard and Poor's said, adding that the country's debt burden and subsidy bill could constrain its ratings.

         Volatile Sensex logs 1st Budget day gain in 4 yrs, up 141 pts    
MUMBAI: Modi government's first full-fledged budget triggered huge volatility in stock markets today with the benchmark Sensex finally ending 141.38 points higher on promise of lower corporate tax rates - logging the the first rise on a Budget day in four years.

         Air India to get Rs.2,500 crore of fresh equity    
NEW DELHI: Finance Minister Arun Jaitley Saturday proposed infusion of an additional equity of Rs.2,500 crore in the cash-strapped national passenger carrier Air India for 2015-16 fiscal.

         Commodity regulator FMC to be merged with Sebi: Jaitley    
NEW DELHI: In a significant move, the government today said commodities market watchdog FMC will be merged with the capital market regulator Sebi.

         Budget Highlights    
NEW DELHI: Following are the highlights of the Union Budget 2015-16 presented by Finance Minister Arun Jaitley in Parliament today:

         For every Re in govt kitty, 24 paise to come from borrowing    
NEW DELHI: For every rupee in government coffer, about one-fourth will come from market borrowing in 2015-16, while 20 paise would be spent towards interest payment.

         Sensex closes 472 points up; capital goods stocks zoom    
MUMBAI: A day ahead of the union budget, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), provisionally closed Friday's trade up 472 points or 1.64 percent.

         Railway-linked stocks subdued after Prabhu's budget    
MUMBAI: Stocks of companies associated with the Indian railways plunged in the late afternoon trade session Thursday, even as Railway Minister Suresh Prabhu presented his maiden budget to the Lok Sabha.

         Essential item prices could go up due to rise in rail freight    
NEW DELHI: Prices of food grain, pulses, cement, coal and steel are likely to go up following the proposal to hike rail freight by up to 10 per cent for various commodities.

         Rlys to hike train speed to reduce travel time between metros    
NEW DELHI: The speed of trains connecting major metro cities would be increased up to 200 kilometres per hour (kmph) on nine select railway corridors in a bid to reduce travel time, Railway Minister Suresh Prabhu announced today.

         S&P now says India 'bright spot', ups GDP forecast    
MUMBAI: Terming India as the "bright spot" in Asia Pacific, Standard & Poor's today sharply revised upwards country's GDP forecast to 7.9 per cent next fiscal and even higher 8.2 per cent in the year after.

         Reform policies to determine India's credit profile: Moody's    
NEW DELHI: Reform measures undertaken by the government to accelerate growth and address fiscal and supply side constraints will determine India's sovereign credit profile, rating agency Moody's said today.

         Mutual fund investors cannot buy or sell on Budget day    
NEW DELHI: Investors will not able to buy and redeem mutual fund units on February 28 even as stock markets remain open on Saturday when Finance Minister Arun Jaitley will present the much-awaited Union Budget.

         LG, Samsung Mobiles top 2 trusted brands in India: Report    
NEW DELHI: Korean brands LG and Samsung Mobiles are the top two most trusted brand in the country followed by Sony, Tata and Nokia, says The Brand Trust Report,India Study 2015.

         Brokerages expect Budget to stay firm on fiscal consolidation    
NEW DELHI: Expecting the upcoming Budget to stay firm on the fiscal consolidation roadmap, brokerage firms believe that higher allocation can be made for capital expenditure amid a sharp decline in oil subsidy bill.

         HSBC's India headcount up by 1,000; US staff size down    
LONDON: At the centre of a probe into black money allegedly stashed by Indians in Swiss banks, global banking giant HSBC increased its headcount in India by 1,000 last year to 32,000 -- the second highest after the UK.

         SpiceJet offers Holi discount scheme starting at Rs.1,699    
NEW DELHI: Budget passenger carrier SpiceJet Tuesday launched its Holi promotional scheme 'colour the skies' with domestic fares starting at Rs.1,699 all inclusive.

         HSBC gets summons from Indian Tax Dept;fears significant fines    
LONDON: Facing a multi-nation probe for "alleged tax evasion, money laundering and unlawful cross- border banking solicitation", global giant HSBC today said it has been served summons by the Indian tax department.

         Fiscal deficit, low income constrain India's rating: S&P    
MUMBAI: Days ahead of the Union Budget, global rating agency Standard & Poor's today warned that India's weak fiscal and debt indicators, coupled with the low income levels, "constrain" the sovereign rating.

         SpiceJet to get 2nd tranche of Rs 400 cr by Wednesday    
NEW DELHI: Budget carrier SpiceJet is expected to receive the second tranche of Rs 400 crore of the Rs 1,500 crore fund infusion from the new promoter Ajay Singh by Wednesday.

         'FDI insurance rules could have been simpler'    
CHENNAI: The Indian government seems to have overstepped its boundary on extending foreign direct investment (FDI) limits for insurance intermediaries, industry experts say.

         Pre-budget expectations, lead FPIs to stage a come back    
NEW DELHI: Foreign Portfolio Investors (FPIs) became net buyers in the Indian equities market for the week ended Feb 20 on the back of high expectations from the upcoming budget.

         India's gold imports may rise to 35-40 tonnes in February    
NEW DELHI: India's gold imports are likely to rise to 35-40 tonnes in the current month as compared to 26 tonnes in the corresponding period last year, according to gold and silver refiner MMTC Pamp.

         Infy, Wipro, TCS eye robotics, driverless cars for next round of growth    
MUMBAI: After decades of low-margin work like server maintenance, India's information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients' needs.

         SpiceJet shares soar 17% on CCI nod for capital infusion plan    
MUMBAI: Shares of SpiceJet surged more than 17 per cent in morning trade today after fair trade watchdog CCI approved original promoter Ajay Singh's plan to acquire controlling stake in the carrier.

         Coal block auctions in India see aggressive bidding    
NEW DELHI: Indian metal and cement companies have bid aggressively for coal blocks in the country's first auctions to sell mines as they look to cut imports and their dependence on inefficient government monopoly Coal India Ltd (COAL.NS).

         At $8.7 bn, brand TCS grows fastest among global IT firms    
MUMBAI: The brand value of the country's largest software exporter TCS grew to USD 8.7 billion in 2015, clipping at a growth of 271 per cent from USD 2.3 billion in 2010, making it the fastest growing software brand in the world over the past five years.

Will BJP's alliance with PDP turn a headache for the former?
Don't Know
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