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January 31, Saturday 2015 8:03 PM       
       HEADLINES: Dilip, Manju Warrier divorced                                              VS to skip national games inauguration                                              Jayarajan to surrender on Monday                                              CM responsible for Pattor land deal, says Bharat Bhushan                                              Purandan murder: Police get information on suspects                                              10 workers killed as effluent tank collapses in Vellore                                              BJP to move EC against Vishwas''sexist remark' on Bedi                                              Three-year old found hanging on tree, rape suspected                                              AAP vs BJP gets uglier, Bedi approaches police against Vishwas                                              Eliminating terror crucial for Pak's economic survival: Sharif                                              Japan self-censors images, words linked to hostage crisis                                              Bangladesh cuts power supply to Ex-PM Zia's house amid unrest                                              Common pesticide may increase risk of ADHD                                              West Indies all-rounder Dwayne Bravo quits Test cricket                                              New Zealand coast to seven-wicket win over Pakistan                                              Williams beats Sharapova to win Australian Open title                                              Kaumudi Facebook
       BUSINESS  
         US strengthens trade engagement with India    
 
 
WASHINGTON: The US says it strengthened engagement with India through the US-India Trade Policy Forum and secured the historic Trade Facilitation Agreement at the WTO after overcoming an impasse with India.

 
         US regulator imposes conditions on Sun's Ranbaxy acquisition    
 
 
WASHINGTON: An American federal trade regulator has imposed conditions on Sun Pharmaceuticals' acquisition of Ranbaxy on the grounds that the USD 4 billion proposed deal would likely be anti-competitive.

 
         CIL mega share sale sails through; Govt to get Rs 22,600 cr    
 
 
NEW DELHI: In the biggest ever disinvestment exercise, the government's 10 per cent stake sale in Coal India today got over subscribed by 1.05 times and fetched about Rs 22,600 crore although retail investors did not bid so aggressively.

 
         Paid Rs 22,300 cr to public finances in Ind in FY14: Voda    
 
NEW DELHI: British telecom major Vodafone today said its Indian arm has contributed over 2.2 billion pound (about Rs 22,300 crore) to public finances, including taxes, for financial year ended March 31, 2014.

 
         Microsoft launches Outlook for rival iOS, Android    
 
 
WASHINGTON: Microsoft today launched an Outlook app for rival handsets running on Apple's iOS and Google's Android, ramping up its software services efforts.

 
         Bharti Airtel to apply for payment bank; Kotak to be investor    
 
 
NEW DELHI: Top mobile operator Bharti Airtel today said it will apply for a payment bank licence, while private sector lender Kotak Mahindra Bank will have a 19.9 per cent stake in the proposed banking venture.

 
         Fiscal targets likely to be met: Jaitley    
 
 
NEW DELHI: Finance Minister Arun Jaitley today said fiscal deficit targets for current year are likely to be met and manufacturing sector is showing turnaround signs.

 
         Rupee trades 61.42 vs USD in late morning deals    
 
 
MUMBAI: The rupee were quoting at 61.42 against the US currency in late morning deals today amid volatile trading on the back of higher dollar overseas.

 
         Johnson to buy 25.74% stake in Hitachi via open offer    
 
 
NEW DELHI: Johnson Controls plans to acquire 25.74 per cent stake in Hitachi Home & Life Solutions (India) Ltd through an open offer for an estimated price of Rs 575 crore.

 
         Kerala govt slaps Rs 53.63 crore fine on Flipkart, Jabong    
 
 
THIRUVANANTHAPURAM: Kerala Commercial Taxes Department has slapped a fine of Rs 53.63 crore on four online trading companies including Flipkart and Jabong for allegedly doing illegal business in the state.

 
         Going digital no more an option but a necessity now: TCS chief    
 
 
DAVOS: Betting big on the 'Internet of Things' as the third major wave in technology space, IT major TCS' chief N Chandrasekaran has said that going digital was no more an option, but a default now.

 
         Sensex, Nifty hit fresh peaks on robust fund inflows    
 
 
MUMBAI: Tracking global rally triggered by ECB stimulus, the benchmark BSE Sensex today surged by 272.82 points to set a fresh record high of over 29,408 points and NSE Nifty breached the 8,800-level for the first time.

 
         RCOM targets Rs 400 cr revenue from cloud space in 2 years    
 
 
MUMBAI: Reliance Communications (RCOM) is looking at generating a revenue of Rs 400 crore from cloud- based and related services in the next couple of years, a senior company executive said today.

 
         Lanka to seek RBI help to trace money stashed abroad    
 
 
COLOMBO: The new Sri Lankan government today said it plans to seek assistance from the Reserve Bank of India, the World Bank and the IMF to trace billions of dollars in ill-gotten wealth allegedly stashed abroad by persons close to former president Mahinda Rajapaksa.

 
         Reliance industries raises USD 1 bln via a 10 yrs bond issue    
 
 
NEW DELHI: Reliance Industries has raised USD 1 billion in debt through a 10 year bond issue at an interest rates considered lowest in Asia and with almost no new-issue premium.

 
         Vistara to start more flights on its network from Feb 16    
 
NEW DELHI: Newly-launched airline Vistara today said it will increase number of flights on its network, including on Delhi-Mumbai route, starting February 16.

 
         US industry invited to 'Make in India'    
 
 
WASHINTON: Opening up of FDI in key sectors, use of technology to leapfrog in terms of industrial growth and ease of business are the hallmarks of Modi government's 'Make in India' initiative, according to Indian officials.

 
         Jan Dhan makes it to Guinness World Records    
 
 
NEW DELHI: Prime Minister Narendra Modi’s Jan Dhan Yojana on Tuesday secured a place in the Guinness Book of World Records for being the world’s largest financial inclusion initiative achieved in the quickest possible time.

 
         Sensex hits another peak of 28,939.92; Nifty at 8,730.45    
 
 
MUMBAI: The BSE Sensex continued its record-setting spree and breached 28,900-mark and the NSE Nifty touched a new peak of 8,730.45 in early trade today on sustained fund inflows, driven by the encouraging corporate earnings coupled with pre-budget optimism among participants.

 
         Nifty rises to record high; metals shares rally    
 
 
MUMBAI: Positive European cues ahead of a possible European Central Bank (ECB) stimulus and bullish investor sentiment on the back of further reforms announcement in the upcoming budget, led the two major benchmark indices of the Indian equities to make healthy gains in the mid-afternoon trade session Tuesday.

 
         Facebook enabled global economic impact of $227 bn, 4.5mn jobs    
 
 
NEW YORK: With over 1.3 billion users, world's largest social networking firm Facebook has enabled global economic impact of USD 227 billion and 4.5 million jobs around the world in 2014, according to a report by consultancy firm Deloitte.

 
         Twitter buys Bangalore based startup ZipDial    
 
 
Microblogging site Twitter has acquired Indian startup ZipDial, a mobile value added services company based out of Bangalore, a statement by Twitter said here Tuesday.

 
         Bank employees to strike work from Jan 21    
 
 
CHANDIGARH: Public sector bank employees have decided to go on a 4-day strike from January 21 to protest against the "rigid and callous attitude" of Central Government in resolving the long pending wage revision issue, a senior union leader said here today.

 
         Air India to cut costs by $227 mln to reduce losses    
 
 
NEW DELHI: State-owned carrier Air India is to cut its costs by 14 billion rupees ($227 million), or about 6 percent of its total outlays, in the next financial year after the government asked the loss-making airline to improve its finances.

 
         Twitter appoints Taranjeet Singh to head India business    
 
 
NEW DELHI: Taranjeet Singh has been appointed the India Business Head of Twitter as the micro blogging site looks to enhance revenues from one of the world's biggest Internet markets.

 
         Oil firms will decide on price revision: Pradhan    
 
 
NEW DELHI: A day after oil companies skipped revising petrol and diesel prices despite steep fall in global rates, Petroleum Minister Dharmendra Pradhan today said the state-owned firms will do what is "appropriate".

 
         India considering allowing banks to buy infrastructure bonds    
 
 
MUMBAI: The Reserve Bank of India is considering allowing banks to buy infrastructure bonds, in a bid to jumpstart a market that has suffered from low trading volumes after launching last year, said a source with knowledge of the central bank's thinking.

 
         Patents are scourge on software industry, says Vishal Sikka    
 
 
NEW DELHI: Terming patents as a "scourge" on the software industry, Infosys CEO Vishal Sikka has said his company is "rethinking" its approach on the subject.

 
         Mkts lap up RBI rate cut; Sensex jumps 728 pts to above 28,000    
 
 
MUMBAI: Stock markets cheered the RBI's surprise move to cut repo rate with the benchmark Sensex today surging 728.73 points in its biggest single-day gain since May 2009 to end at 28,075.55 on the back of all-round buying. The NSE Nifty soared 216.60 points to close at 8,494.15.

 
         RBI cuts repo rates by 25 basis points    
 
 
MUMBAI: The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 per cent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit.

 
 
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