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July 02, Thursday 2015 11:43 PM       
       HEADLINES: Former Team Solar MD gives statement                                              LDF disrupts proceedings of Kerala Assembly                                              CPM leader mourns K S Bimal                                              Contempt of court notice served on Jiji Thomson                                              Mammootty in Jagathy‚Äôs house                                              Dayanidhi Maran questioned for second day by CBI                                              AI flight row: 'Fundamental right infringed upon by minister,' says Chacko                                              Stalin accused of slapping metro passenger                                              Sharad Yadav undergoing treatment at AIIMS                                              India launches online system for foreign employers                                              China proposes to India talks on differences over Lakhvi issue                                              36 dead, 19 missing in Philippines boat capsize                                              P Balachandran appointed as cricket team coach                                              Raina rubbishes Modi's betting allegations, mulls legal action                                              Indian hockey eves beat Italy, keep Olympic dreams alive                                              Kaumudi Facebook
         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.

         Petrol prices cut by 31 paise, diesel 71 paise    
NEW DELHI: Petrol prices were today cut by 31 paise per litre and diesel by 71 paise a litre in line with fall in international oil rates and rupee appreciation.

         Weak rural economy drag on India's rating: Moody's    
NEW DELHI: In a 'credit negative' for its sovereign and bank ratings, India's rural economy will remain subdued through this fiscal, while "some disappointment" has emerged about pace of reforms under the Modi government, global giant Moody's said today.

         Sensex provisionally ends with gains of 136 points    
MUMBAI: The Indian equity markets which were subdued throughout the intra-day trade on the back of Greece loan default, bounced back and provisionally closed in the positive territory on Tuesday.

         IPOs: IndiGo, Infibeam, Teamlease eye over Rs 3k cr    
NEW DELHI: In a big day for IPOs, at least three companies -- low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam -- have lined up public offers to raise an estimated over Rs 3,000 crore from investors.

         Spooked by Greece, Sensex tumbles 535 points in opening trade    
MUMBAI: The benchmark BSE Sensex tanked over 535 points and the NSE Nifty slid below the 8,300 mark in opening trade today on across-the-board selling by participants.

         CNN, TV18 Broadcast to part ways after 10 years of partnership    
NEW DELHI: Media firm TV18 Broadcast Ltd and Cable News Network, Inc (CNN) will end their partnership at the end of their 10-year-old brand licensing agreement in January next year.

         'RBI governor didn't mention risk of Great Depression'    
MUMBAI: Clarifying on Reserve Bank of India Governor Raghuram Rajan's recent remarks, the RBI has said a section of the media "mis-characterised" the governor as saying that the world is at risk of a Great Depression.

         Amazon catches up, gets past Flipkart on site visits    
MUMBAI: As e-commerce players battle it out for buyers' attention, Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors in May.

         Exports losing steam, may lead to job losses: FIEO    
NEW DELHI: The continuous decline in exports may result in job losses and impact economic growth, exporters body FIEO today said.

         RBI may give payment bank licence to Post Dept in Aug: Prasad    
NEW DELHI: Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India (RBI) to grant payment licence to the proposed Post Bank of India by August.

         Sony launches Xperia Z3 smartphone    
NEW DELHI: Consumer electronics major Sony on Friday announced the expansion of its Xperia range of smartphones with the launch of the Z3+ smartphone priced at Rs.55,990.

         'World economy may be slipping into 1930s depression problems': Rajan    
LONDON: RBI Governor Raghuram Rajan has asked central banks from across the world to define "new rules of the game" as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.

         Reliance, ICICI to manage Rs 60,000 crore coal PF Fund    
NEW DELHI: Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore provident fund corpus of coal industry workers, an government official has said.

         Rajan says economy in better shape, but flags volatility    
MUMBAI: Reserve Bank Governor Raghuram Rajan has said macroeconomic fundamentals of the country have improved over the past two years and emerging market economies like India are better placed to face any eventuality.

         ICICI cuts base rate by 5 bps to 9.70pc    
MUMBAI: Largest private sector lender ICICI Bank today marginally reduced its base rate to 9.70 per cent from 9.75 per cent earlier, making its lending rate at par with industry leader SBI and that of HDFC Bank.

         Toyota, Nissan to recall more than 3 mn more cars over airbag    
TOKYO: Toyota and Nissan, Japan's two top automakers, today said they will recall more than three million more cars globally because of concerns over airbags involved in eight deaths worldwide.

         CBDT chief allays concerns of tax payers    
NEW DELHI: Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being willfully chosen for "scrutiny" by the taxman as the procedure is fully electronic and devoid of any human intervention.

         Australia to join China-led infrastructure bank    
MELBOURNE: Australia today announced that it will join the new China-led Asian Infrastructure Investment Bank as a founding member, contributing about 930 million dollars to the financial institution of which India will be the second-largest shareholder.

         Sensex up 72 points in early trade on sustained buying    
MUMBAI: Continuing its upward journey for the ninth consecutive day, the benchmark BSE Sensex gained over 72 points and the NSE Nifty inched towards regaining 8,400-mark in early trade today as investors indulged in enlarging positions driven by positive domestic as well global cues.

         Facebook now worth more than Wal-Mart on stock market    
NEW YORK: Facebook is now bigger than Wal-Mart, at least when it comes to its value on the stock market. The world's biggest online social network knocked the world's largest retailer out of the top 10 list of the highest-valued companies in the Standard & Poor's 500 index on Monday and the gap widened yesterday.

         All I-T refunds to be put directly in bank accounts: CBDT    
NEW DELHI: In a step that would bring delight to taxpayers, the Income Tax department has put in motion a new plan which will ensure that any refund on tax paid is safely deposited in their personal bank account as soon as it is processed and released.

         Volkswagen India to launch 5 products in next two years    
NEW DELHI: German auto major Volkswagen will launch five products, including the iconic Beetle and its popular SUV Tiguan, in India in next two years to strengthen its presence here.

         Sensex rises 74 pts; logs longest winning run in 2015    
MUMBAI: Rallying for the eighth consecutive session, the benchmark BSE Sensex today rose 74.16 points to 27,804.37, its longest winning streak this year as above-normal monsoon has eased inflation concerns.

         Govt proposes tax benefits for card payments    
NEW DELHI: Government today proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.

Have cinema organisations failed to take action against piracy over the film Premam?
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