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April 17, Thursday 2014 6:30 AM       
       HEADLINES: Body of jawan killed in Maoist attack reaches state                                              Youth drowns in Neyyar dam                                              Missing congress leader found dead                                              Minister P J Joseph’s cousin stabbed to death                                              Man commits suicide after seeing off son                                              Six die as bus catches fire in Karnataka                                              50 passengers injured as train derails in Assam                                              Karnataka, Maharashtra, Jharkhand, Odisha, Bihar go to polls tomorrow                                              Congress says Modi running away from giving an apology                                              N D Tiwari not to contest from Nainital                                              Three dead as South Korea ferry with 476 passengers’ sinks                                              Armoured vehicles with Russian flags appear in east Ukraine                                              Over one-third of temporary workers in US from India: Report                                              SC asks BCCI to probe IPL spot-fixing                                              Force India aims to repeat podium show in China                                              Sunder Raman to continue as COO of IPL 2014                                              Aussies would be hard to beat at home: Watson                                              Kaumudi Facebook
       BUSINESS  
         RComm to hike pre-paid call rates by up to 20 percent    
 
 
NEW DELHI: Reliance Communications will raise tariffs by up to 20 percent for all its pre-paid customers across the country from April 25, the company said here Wednesday.

 
         Flat is out, curve is in    
 
 
MOLLYWOOD: Electronic gadgets with curved displays are not just marketing hype, they have both promise and style, says Molly Wood...

 
         ONGC may save up to $800 mn if it uses RIL's KG set-up:Report    
 
 
HYDERABAD: State-owned ONGC could save up to USD 800 million on capital cost if it decides to use infrastructure facilities owned by Reliance Industries at KG-Basin for processing gas, according to a draft report submitted by Aker Solutions.

 
         LIC trims stake in Infosys to 3.25%; garners Rs 850 cr    
 
 
NEW DELHI: State-run insurer Life Insurance Corporation of India (LIC) has reduced its stake in Infosys to 3.25 per cent in the last quarter, with the share sale estimated at over Rs 850 crore.

 
         India should not embrace protectionist policies:US telecom    
 
 
WASHINGTON: In order to attract investment, Indian Government should continue a policy approach that is pro-competition and pro-growth and not embrace policies that rely on protectionism, the American telecom industry said Friday.

 
         First in FY14: RBI didn't buy dollars in Feb; sold $530 mn    
 
 
MUMBAI: For the first time in 11 months of 2013-14 fiscal, the Reserve Bank did not purchase any dollars at all in February from the market, but sold USD 530 million.

 
         Differences with BJP a media speculation: Rajan    
 
 
WASHINGTON: Brushing aside as "speculation" that he has differences with the leaders of BJP, widely expected to form the next government, Reserve Bank of India Governor Raghuram Rajan said they are "media invention".

 
         Maruti to recall 1,03,311 units of Ertiga, Swift, DZire    
 
 
NEW DELHI: In one of the biggest vehicle recalls, Maruti Suzuki India is recalling 1,03,311 units of its popular models -- Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck. The company said the recall will impact 42,481 units of DZire, 47,237 units of Swift and 13,593 units of Ertiga. "This exercise is limited to vehicles within the above specified range and does not pertain to any other vehicle of the company," Maruti S

 
         Pvt sector feels India is a 'difficult place' for business: WB    
 
 
WASHINGTON: The private sector strongly feels that India is a difficult place to do business in due to many regulations, World Bank President Jim Yong Kim said today, calling for necessary reform to create a better environment and spur growth.

 
         Sensex at fresh record high of 22,769; Nifty holds 6,800 level    
 
 
MUMBAI: The benchmark BSE Sensex climbed to a new record high of 22,769.20 in early trade today on sustained buying by funds and retail investors amid a firming trend in Asian markets.

 
         Piramal to divest 11 pc stake in Vodafone India for Rs 8,900cr    
 
 
NEW DELHI: Piramal Enterprises today said it will sell its 11 per cent stake in Vodafone India to the UK based telecom giant for Rs 8,900 crore.

 
         Toyota India to recall 44,989 units of Innova    
 
 
BANGALORE: Indo-Japanese joint venture Toyota Kirloskar Motor (TKM) Wednesday said it is recalling 44,989 units of the multi-utility vehicle Innova manufactured between February 2005 and December 2008.

 
         Sensex gains 103 points in early trade    
 
 
MUMBAI: The benchmark BSE Sensex recovered over 103 points in early trade today on increased foreign funds inflow amidst the IMF's forecast of better growth prospects for India in 2014.

 
         Domestic banks well-positioned to cope with tapering: Moody's    
 
 
MUMBAI: The country's banking system is well-positioned to cope with the financial impact of the reduction in monetary stimulus by the US Federal Reserve and the resultant rise in interest rates, according to global rating agency Moody's Investors Service.

 
         Maruti likely to undertake Dzire recall to replace faulty part    
 
 
NEW DELHI: The country's largest carmaker Maruti Suzuki India is likely to recall about one lakh units of its compact sedan Dzire to replace a faulty fuel tank part.

 
         Bharti Airtel, MTN in mobile money service in West Africa    
 
 
NEW DELHI: Bharti Airtel Tuesday announced a cross-border remittance partnership with South Africa's MTN Group to facilitate mobile money transfer between the two West African countries of Ivory Coast and Burkina Faso.

 
         Not getting right talent costing Indian eco Rs 53k cr: Study    
 
NEW DELHI: India is likely losing Rs 53,000 crore from its economy as companies are unable to hire people with right talent for the job and are incurring high recruitment costs, says a study.

 
         Deutsche Bank Chairman Paul Achleitner backs Anshu Jain    
 
 
BERLIN: Deutsche Bank has backed its India-born co-CEO Anshu Jain, amid reports that the German bank was looking at his replacement, saying he is doing an "excellent job".

 
         Sun Pharma to buy Ranbaxy in all stock deal valued at USD3.2bn    
 
 
NEW DELHI: Sun Pharmaceutical Industries will fully acquire troubled Ranbaxy Laboratories, in an all-stock transaction with a total equity value of USD 3.2 billion.

 
         India's forex reserves soar to $303.67 bn    
 
 
MUMBAI: India's foreign exchange (forex) reserves soared by $5.03 billion to $303.67 billion for the week ended March 28, Reserve Bank of India (RBI) data showed.

 
         US faces trade barriers from India, China in telecom: Report    
 
WASHINGTON: The US is facing a number of trade barriers in the telecommunication sector from India and China, a top Obama administration official said.

 
         Summoning Samsung chief extreme step,to hurt investment: Sharma    
 
 
NEW DELHI: Describing Supreme Court's direction asking Samsung Electronics Chairman Lee Kun-hee to appear before a Ghaziabad court in a cheating case an "extreme step", Commerce and Industry Minister Anand Sharma today said it would adversely impact investment and business climate.

 
         Sensex drops 149 pts on profit-booking; IT stocks hit    
 
 
MUMBAI: The BSE benchmark index Sensex today fell further by 149 points on sustained selling by funds in auto and IT stocks, judging the recent rally an overdone.

 
         Legalise corporate lobbying, advocacy in India: Assocham    
 
NEW DELHI: Corporate lobbying and advocacy practices should be legalised in India as long as business players engage with policymakers in a transparent manner based on fair economic logic, Assocham today said.

 
         Some applicants may be better at differentiated banking: Rajan    
 
 
PUNE: Reserve Bank Governor Raghuram Rajan today defended handing out just two licences out of the 25 banking applicants saying the selection panel felt that some of them were better placed to serve as differentiated banks.

 
         Sensex, Nifty retreat after touching record highs    
 
 
MUMBAI: A benchmark index of Indian equities markets closed trade Thursday in the negative territory on profit booking -- but only after it touched a new high for the ninth straight session.

 
         Tata-SIA moves closer to launch, gets aviation ministry nod    
 
 
MUMBAI: Even as its no-frills venture AirAsia India awaits the flying licence from the regulator DGCA to launch its operations, the Tata's joint venture with Singapore Airlines has got the nod from the aviation ministry.

 
         'May Elections may provide a short-term market boost'    
 
 
NEW DELHI: Indian equities have witnessed significant rise in the first quarter of this year and the results of the General Election in May could further provide a short term boost to the market, says a JP Morgan Asset Management report.

 
         Airtel signs five-year deal with IBM for IT infrastructure    
 
 
NEW DELHI: Bharti Airtel has extended a contract with IBM to manage its IT infrastructure and application services in the country for five years, scaling down the deal with the US company as it embarks on the next phase of growth.

 
         Sensex hits new high of 22,576.50; Nifty reaches 6,740.05    
 
 
MUMBAI: The benchmark BSE Sensex gained over 130 points to hit a fresh high of 22,576.50 in early trade today on continued capital inflows by funds and retailers, tracking firm global cues.

 
 
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