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December 02, Wednesday 2015 6:58 AM       
       HEADLINES: Oppn uproar in assembly                                              Former chief secretary Ramachandran passes away                                              Nun found dead                                              Case against Vellappally is biased, says V Muraleedharan                                              Oppn stage walkout in assembly over price rise                                              BJP MPs asked to avoid making provocative statements                                              Heavy rains lash parts of TN, Puducherry                                              Chidambaram accuses govt of malicious onslaught against family                                              Death penalty an aberration in democracy, abolish it: Tharoor                                              Don't learn 'wrong lessons' from Pakistan: Rahul to Govt                                              Negotiators from 150 nations began talks to reach climate deal                                              ISIS influenced very few India youths: govt                                              Pak using terrorists as violent proxies: Afghanistan                                              Spinners did not get credit they deserved: Mishra                                              Nagpur pitch rated as poor by ICC Match Referee                                              Kaumudi Facebook
         Emission scandal: VW to recall 3.23 lakh vehicles in India    
NEW DELHI: German auto major Volkswagen will recall 3.23 lakh vehicles in India after a government-ordered probe found the company using diesel engines equipped with a defeat device which help cheat emission tests, as it had done in the US and other global markets.

         RBI keeps rate unchanged; links further cuts to inflation    
MUMBAI: RBI Governor Raghuram Rajan today kept the key policy rate unchanged but affirmed the central bank's commitment to ease it as and when room is available, saying inflation is likely to perform better than expected.

         Investment cycle showing signs of pick-up: Moody's    
NEW DELHI: Moody's Investors Service today said investment levels in India are showing early signs of recovery driven by an upturn in capital expenditure and increased public spending.

         India Inc wants banks to fully pass on previous rate cuts    
NEW DELHI: With RBI Governor Raghuram Rajan keeping the repo rate unchanged on Tuesday, India Inc today called upon banks to fully transmit the rate cuts effected so far this year to revive weak rural demand and investments.

         RBI keeps rate unchanged; links further cuts to inflation    
MUMBAI: RBI Governor Raghuram Rajan Tuesday kept the key policy rate unchanged but affirmed the central bank's commitment to ease it as and when room is available, saying inflation is likely to perform better than expected.

         Telcos losing money due to call drops: Bharti VC Akhil Gupta    
NEW DELHI: Call drop is not only a loss for consumers but also for telecom operators as they invest thousands of crores in buying spectrum but are unable to use it for delivering services due to lack of mobile towers, Bharti Enterprises Vice Chairman Akhil Gupta said today.

         Sensex up 17 pts in cautious trade ahead of GDP, RBI policy    
MUMBAI: The benchmark BSE Sensex remained range-bound in a choppy trade today, but rose for the third session by edging up nearly 17 points as investors built bets ahead of release of September quarter GDP data later in the day and RBI's fifth bi-monthly policy review tomorrow.

         Strengthening dollar dents India's Forex reserves    
MUMBAI: Strengthening dollar coupled with attempts by the Indian central bank to curb volatility in rupee value depleted India's foreign exchange (Forex) kitty by $149.7 million, experts said on Saturday.

         After San Francisco, AI plans direct flight to Washington    
NEW DELHI: Air India is considering starting a direct flight to Washington as well as serving new cities in the US soon after it launches its services to San Francisco next month.

         HSBC to close India wealth management    
MUMBAI: HSBC Holdings is closing its private banking unit in India as part of its group strategy, the bank said, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy.

         Dhoni becomes brand ambassador of Grand Midwest Group    
NEW DELHI: Dubai-based hospitality and event management company Grand Midwest Group on Friday signed a three-year multi-million dollar deal with India's limited overs cricket captain Mahendra Singh Dhoni as its brand ambassador.

         HSBC says to shut down India private banking business    
MUMBAI: HSBC Holdings Plc will shut its private banking business in India, a spokesman said, marking the exit of another foreign bank from the cut-throat business in Asia's third-largest economy.

         Sensex builds on gains, climbs 170 pts on GST Bill optimism    
MUMBAI: The market pulled off a second straight week of gains as the BSE Sensex surged about 170 points to close at over a 3-week high of 26,128.20 on hopes that the government will reach a compromise on the GST Bill in the winter session of Parliament.

         Air India's New Delhi-San Francisco direct flight from Dec 2    
WASHINGTON: US' San Francisco International Airport has announced a trivia contest on social media to mark the beginning of the first-ever non-stop flight from New Delhi to the popular tech city by Air India from December 2.

         Ola hires ex-Infosys honcho Rajiv Bansal as CFO    
BENGALURU: Ola, a leading mobile app provider for personal transportation, on Thursday said Rajiv Bansal will be its new chief financial officer (CFO) from January.

         Sensex recovers 104 pts on F&O expiry, positive global cues    
MUMBAI: The benchmark BSE Sensex recovered 104 points to 25,879.72 in early trade today on short-covering by participants on November series expiry in the derivatives contracts and positive global cues.

         Failure of economic reforms could hamper investments: Moody's    
NEW DELHI: Moody's Investors Service today cautioned that a loss of momentum on reforms may hamper investment and prove to be a 'downside factor' for Indian companies, even as it said most corporates will benefit from strong economic fundamentals and accommodative monetary policy.

         Exports may slip below $300 bn in FY16: Official    
MUMBAI: The country is likely to miss its export target and may end up below the USD 300 billion mark in 2015-16 due to the global slowdown, a senior official said today.

         Ex-Disney workers replaced by H1-B visa holders file complaint    
WASHINGTON: Replaced by H-1B visa workers, at least 23 former Disney IT workers have filed a complaint alleging discrimination. In a complaint filed before the federal Equal Employment Opportunity Commission, the fired Disney employees alleged that they are victims of national origin discrimination, Computer World reported.

         Vijaya Bank seeks Rs 5K-cr from Centre under capital infusion    
VIJAYAWADA: South-based lender Vijaya Bank has sought Rs 5,000 crore from the Centre under the capital infusion plans. Vijaya Bank Managing Director and Chief Executive Kishore Sansi told reporters here, "We have submitted a proposal to the Union Finance Ministry seeking Rs 5,000 crore under capital infusion."

         China's economic slowdown adversely affected India: Rajan    
BEIJING: China's pain of economic slowdown is India's pain too, RBI Governor Raghuram Rajan said contradicting government assertions that India will not be affected by deceleration of Chinese economy.

         US probes Bosch in VW cheating scandal: Sources    
US authorities are investigating German auto supplier Robert Bosch over its role in Volkswagen AG’s massive scheme to cheat US emission standards, according to people familiar with the matter.

         Meeting FY17 fiscal deficit target of 3.5 pc a challenge: Citi    
NEW DELHI: The central government's target to bring down fiscal deficit to 3.5 per cent in 2016-17 is likely to become even more challenging, considering the rise in wage expenditure, a Citigroup report says.

         Sensex extends gains, up 26 points in choppy trade    
MUMBAI: The BSE Sensex extended gains for the second straight day in a choppy trade -- its first weekly gain in four -- as it edged up over 26 points on increased buying by investors and retailers, tracking a firm overseas trend.

         Honda launches CB Shine SP priced up to Rs 64,400    
NEW DELHI: Honda Motorcycle & Scooter India (HMSI) today expanded its executive segment bike portfolio under CB Shine range with the introduction of 125cc model CB Shine SP priced up to Rs 64,400 (ex-showroom Delhi).

         G-secs volume takes a tumble as RBI employees strike work    
MUMBAI: The 'one-day mass casual leave' by Reserve Bank employees today -- the first at the apex bank in six years -- has affected trading of the government securities market, with volumes falling to around Rs 5,000-6,000 crore so far in the day.

         Sensex rebounds 184 pts in early trade on Asian cues    
MUMBAI: The benchmark BSE Sensex rebounded by over 184 points in early trade today following a flurry of buying by investors amid positive Asian cues.

         Ola raises $500 million to fund expansion    
BENGALURU: Leading mobile application-based cab service provider Ola has announced raising $500 million (Rs.3,306 crore) to fund its expansion plans in India, including capacity building.

         BSNL operating profit at Rs 672 cr    
NEW DELHI: Reversing the trend, state-run BSNL on Tuesday reported an operating profit of Rs 672 crore for the financial year 2014-15 on the back of fall in administrative costs and jump in revenues.

         Sensex down 68 pts in opening trade on profit-booking    
MUMBAI: The benchmark BSE Sensex fell by over 68 points in opening trade today due to profit-booking by investors after recent gains despite a firm trend in other Asian markets.

Will case against Vellapally stand in a court of law?
Don't Know
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