Oil ministry, CAG, SAT make things difficult; firm says always had transparency with govt agencies In February this year, Aam Admi Party leader Arvind Kejriwal targeted Narendra Modi, accusing him of links with Reliance Industries (RIL) Chairman Mukesh Ambani. Hours later, Bharatiya Jan…

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Stock slipped a little over 5% to Rs 219 on BSE Polaris Financial Technology dropped a little over 5% to Rs 219 on BSE after the consolidated net profit fell 15.61% to Rs 38.32 crore on 7.04% decline in income from operations to Rs 600.03 crore in Q1 June 2014 over Q4 March 2014. Arun…

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Commex has been valued at a discount to market price; deal is subject to regulatory approvals Kotak Mahindra Bank has decided to buy a 15 per cent stake in Multi Commodity Exchange (MCX) for Rs 459 crore from Financial Technologies India (FTIL). The deal values MCX at Rs 600 a share, a …

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(CNN) — A Malaysia Airlines flight from Amsterdam to Kuala Lumpur, Malaysia, has crashed in eastern Ukraine, Russian news agency Interfax reported Thursday. Malaysia Airlines confirmed that it lost contact with Flight 17 and that the plane’s last known position was over Ukrai…

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Gains were led by index heavyweights such as RIL, Infosys, ICICI Bank and ITC among others Markets were trading near their day’s highs in late noon trades on Thursday after the Budget presented by Finance Minister Arun Jaitley proposed to revive economic growth. At 2:16PM the 30-s…

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The first rail budget of the new government is likely to have announcements related to high-speed trains, including potential sources of funding for the much-speculated ‘bullet train, project. The budget is likely to have clear schedules and steps for increasing the speed of passe…

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Reliance Communications (RCom) has initiated the process to monetise its real estate assets across the country, aiming to raise Rs 5,000 crore through this. The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore even after the recent qualified institutio…

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But says supply-side concerns need to be addressed; bank capital also a challenge The worst might be over for the economy following the formation of a stable government, though supply-side issues needed to be solved to help monetary policy bring down inflation, the Reserve Bank of India …

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Names crop up during an ongoing exercise to identify real beneficiary owners of funds held in various banks operating in Switzerland In a major boost to India’s fight against black money, Switzerland has prepared a list of Indians suspected to have stashed un-taxed wealth in Swiss …

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Cement companies are taking the place of fast-moving consumer goods (FMCG) stocks on Dalal Street. Historically, FMCG companies have been the most expensive stocks in terms of price-to-earnings (P-E) multiples because of their sturdy financials across business cycles. Now, that is changin…

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