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India’s Foreign Reserves down $471 mn: RBI
India's foreign exchange reserves fell by $471 million to $319.23 billion for the week ended Jan 2, Reserve Bank of India (RBI) data showed. In the previous week (Dec 26) the reserves had decreased by $287.5 million to $319.71 billion.…
Good Business Driving Force Behind Indo-US Relations
Former Indian and US diplomats Friday held business as a force to drive the two economies, a signal US President Barack Obama must send out in his bilateral meeting with Prime Minister Narendra Modi later this month. While a rising China,…
Tech Mahindra to acquire Swiss Firm SOFGEN
Tech Mahindra, one of India's leading software service companies, Friday announced that it has signed a definitive agreement to acquire Swiss firm SOFGEN Holdings Limited, which specializes in private, wealth, commercial and retail banking…
Milk Mantra, SBI sign MoU for Growth of Dairy Farmers
Driven by the mantra of ‘happy farmers = happy cows = pure milk’, Odisha’s fastest growing dairy brand Milk Mantra today has taken a step ahead to empower its network farmers by signing a landmark MoU with the India’s largest bank, The…
Tata’s Vistara Airline commences Commercial Operations
Tata Son's full-service airline Vistara Friday commenced commercial operations, making it the eighth scheduled passenger carrier to operate in India. The airline has become the third full-service carrier along with Jet Airways and Air…
Infosys Q3 Net Profit rises 13 percent
Infosys Ltd. Friday posted a consolidated net profit of Rs.3,250 crore (Rs.32.5 billion/$521 million) for Oct-Dec third quarter of fiscal 2014-15, registering 13 percent year-on-year (YoY) growth and 4.9 percent sequentially as per the…
Mercedes-Benz to Introduce 15 Cars in India
German luxury car manufacturer Mercedes-Benz India Friday said that as part of its 2015 growth strategy, it will launch 15 new products and increase dealership operations in the country. According to the company, it will introduce 15…
BSE Sensex gains 184 Points
In a volatile trade session, a benchmark index of Indian equities markets closed Friday's trade up 184 points or 0.67 percent. The key market index made healthy gains, a day after it broke a three-session losing streak.
The barometer…
Coca-Cola to Axe 1,800 Jobs Globally
Coca-Cola has announced plans to lay off about 1,800 employees globally, in an effort to cut costs by roughly $3 billion. The beverage giant, based in the city of Atlanta in the US, said in a statement Thursday that it has begun notifying…
House Committee on Submissions visits Dhamra Port
A 14-member House Committee on Submissions of the Odisha Assembly came on a 2-day visit to Dhamra Port on Wednesday and Thursday. The Committee was led by Chairman Sri Pravat Ranjan Biswal, Hon’ble MLA Cuttack Sadar and two MLAs of Bhadrak…