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Economy

India eases foreign equity norms for defence, aviation, retail

New Delhi, June 20 (IANS) Putting its economic liberalisation agenda on the fast track, India on Monday relaxed its foreign equity norms further, notably in defence, aviation, pharmaceuticals and retailing, with automatic approval rather than a case-based route as the preferred model. In aviation, extant policy allowed up to 49 per cent foreign equity in scheduled

Nod to merger of six banks with SBI, SBI chief says ‘win-win’ for all

New Delhi/Chennai, June 15 (IANS) With the government on Wednesday giving its in-principle approval to the mega merger proposal in the banking sector – the merger of ...Full Article

Food prices also push up India’s wholesale inflation

New Delhi, June 14 (IANS) With potatoes 60 per cent dearer in bulk markets and pulses costlier by 36 per cent over the past year, India’s annual ...Full Article

India likely to grow at 8% in 2016-17: FinMin

New Delhi, June 1 (IANS) With a boost from a likely good monsoon this year along with effective policy-making, the Indian economy is likely to grow ...Full Article

India’s growth at 7.6% in 2015-16 fastest in five years

New Delhi, May 31 (IANS) The Indian economy expanded by 7.6 per cent in 2015-16 to log the fastest growth among larger countries, while also outpacing ...Full Article

Tata Steel pension chief backs controversial cuts despite warnings

London, May 26 (IANS) The trustees of the pension scheme behind Tata Steel have backed the UK government’s plan to restructure its benefits, despite warnings that ...Full Article

desiFEST, NORTH AMERICA’S LEADING OUTDOOR SOUTH ASIAN MUSIC CONCERT CELEBRATES 10TH YEAR

Concert to feature star studded line up of emerging and established musical artists and performers at Yonge-Dundas Square on May 28, 2016 TORONTO, Canada (May 24, ...Full Article

WhatsApp leads messaging apps globally

London, May 25 (IANS) Instant messaging app WhatsApp is the most popular messaging app all over the world and is used in 109 countries, or 55.6 percent ...Full Article

13 cities win fast track Smart City competition

New Delhi, May 24 (IANS) The Urban Development Ministry on Tuesday announced 13 winners of the fast-track Smart City competition, with Lucknow topping the list. These cities ...Full Article

India to grow at 7.5 percent, private investment weak: Moody’s

Mumbai, May 19 (IANS) The growth of the Indian economy will pick up slightly to near 7.5 percent in 2016 and 2017, but private investment remains weak, ...Full Article