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Metals firm owner arrested for allegedly sending missile powder to Iran

The head of an international metallurgical company has been taken under arrest on charges that he smuggled a specialized powder used in aerospace and in designing missiles to Iran, federal prosecutors said Tuesday.


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Jaitley yet to decide on taxing PF: What you need to know

The finance ministry on Tuesday said a final view was yet to be taken over tax treatment of provident fund contributions proposed in the union budget.


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Vijay Mallya's USL exit: Kingfisher Airlines lenders to move DRT

The association of 17 lenders to the long grounded Kingfisher Airlines have decided to approach the Debt Recovery Tribunal (DRT) against the airline Chairman Vijay Mallya to place their bets on the USD 75...


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Budget 2016-17: No change in I-T slabs

Union Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy that could improve BJP's winning chances in coming state elections.


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Eco Survey 2016: Need to create more jobs, use technology for faster growth

Chief economic adviser Arvind Subramanian has come up with a comprehensive road map to address India's most demanding labour market task of creating jobs in the formal sector and identifying ways to help country climb the technology ladder which can promote faster medium-term growth.


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LIC buys 60% of NTPC shares on offer; ups stake to 12.98%

Life Insurance Corporation of India (LIC) has bought almost 60% of the NTPC shares sold by the government, taking its stake in India's biggest power producer to 12.98%.


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Vijay Mallya steps down; will receive Rs 515 cr from Diageo

Vijay Mallya, Chairman of United Spirits Ltd will receive $75 million (Rs 515 crore) from Diageo as part of an "agreement" for his departure from the company. The company was established by his family and now run by the global liquor giant.


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Cabinet Ends Surcharge, Service Charge on Digital Payments

The cabinet chaired by Prime Minister Narendra Modi has approved the measures to promote electronic payments through plastic money and digital means. These include the withdrawal of surcharge, service charge...


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Glenmark gets FDA nod for contraceptive pills

Glenmark Pharmaceuticals USA has been granted final approval by the US Food & Drug Administration (USFDA) for generic oral contraceptive norgestimate ethinyl estradiol tablets.


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Starbucks changes terms of rewards program; small spenders lose

American coffee company chain, Starbucks, is changing the terms of its rewards program so that people who just get a regular cup of coffee will have to spend more to earn a freebie.


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Freedom 251 mobile price of Rs 251 draws attention of Income Tax Department

Ringing Bells Private Limited, makers of the world's cheapest smartphone, has come under the scanner of income tax department as debates around the feasibility of offering a Rs 251 smartphone continue.


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Was Yelp being fair in firing Talia Jane?

Washington: A major debate started on the Internet this weekend when Yelp sacked one of its customer service agents, Talia Jane, hours after she posted an article to Medium entitled, An Open Letter To My CEO.


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Ringing bells abruptly closes Freedom 251 booking

Noida-based Ringing Bells Private Ltd has closed the booking of India's cheapest smartphone Freedom 251.


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Amit Mitra is new chairman of GST committee of state finance ministers

West Bengal Finance Minister Amit Mitra has been named the new chairman of the Empowered Committee of State Finance Ministers on Goods and Services Tax (GST) on Friday.


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Xpressbees bags Rs 85 cr funding from SAIF Partners, IDG Ventures

Logistics firm Xpressbees has secured Rs 85 crore in funding from its existing investors, which include SAIF Partners, IDG Ventures India, NEA, Valiant Capital and Vertex Ventures.


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India tells Vodafone to pay up $2 billion or assets will be seized

The Indian tax authorities have sent a notice to Vodafone Plc, which is engaged in arbitration with the government in a tax case, threatening to seize assets if the company did not pay up $2.1 billion in taxes, according...


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TCS, Infosys Fall Over Cognizant's Weak Guidance

IT stocks fell steeply on Tuesday after New Jersey-based Cognizant Technology Solutions' December quarter earnings announcement overnight.


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Microsoft Surface Pro 4 price slashed by $100

Software giant Microsoft has cut $100 off every model in the Surface Pro 4 range, with the exception of the Intel Core i7 version with 16GB of RAM and 1TB of storage, which is still priced at $2,699.


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Zomato breaks even in 6 markets including India; plans to raise $200 mn

Beating other food technology firms on the road to profitability, online restaurant search and food-ordering company Zomato has operationally broken even in India, and is on track to make a profit as early as June next year.


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Welder's son bags Rs 1.2 crore Microsoft job

In a tale of triumph against adversities, a final-year student of Indian Institute of Technology (IIT) Kharagpur, who is the son of a welder in Bihar, has bagged a job with US-based Microsoft with an annual starting...


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Jet crew grounded for Sonu Nigam's mid-air concert

Five air hostesses of Jet Airways have been grounded for allowing playback singer Sonu Nigam to sing from the plane's address system. The in-flight concert took place during a chartered flight from Jodhpur to Mumbai on...


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TCS rated world's most powerful brand in IT Services

India's top multinational IT Company Tata Consultancy Services has emerged as the world's most powerful brand in Information Technology Services by a leading global brand valuation firm, the company said on Wednesday.


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Yahoo to cut 1,700 jobs; shareholders want CEO sacked too

Search engine giant Yahoo is planning to announce that it will explore "strategic alternatives" for its ailing internet business, which could include a sale, and laying off about 1,700 employees, perhaps including...


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Flipkart to Offer Exchange Deals on Mobiles, TVs, and More Each Month

e-Commerce giant Flipkart has announced the launch of 'Big Exchange Days.' It is a new monthly exchange programme for the TVs, laptops, smartphone, tablets, washing machine and refrigerator category.


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Google Holding Company Alphabet Beats Apple to Become Most Valuable Company

Google holding company Alphabet Inc. is now the most valuable company in the world being worth $553 billion compared to Apple's $538 billion.


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Raghuram Rajan takes a U-turn, says never doubted new GDP numbers

There is importance attached to every word a central banker says, not just in India but in every country. Therefore, a day after stating that "there are problems with the way we count GDP," Reserve Bank of India (RBI)...


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Samsung Expects Tough 2016 as Smartphone Troubles Widen

Consumer electronics giant Samsung on Thursday reported a bigger-than-expected decline in fourth quarter earnings as its smartphone and semiconductor businesses suffer amid weakening global demand for consumer electronics.


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US workers sue Disney, Cognizant, HCL over jobs lost to H-1B visa abuse

Washington DC: Even after Leo Perrero was laid off a year ago from his tech job at Walt Disney World in Orlando, Florida - and spent his final months training a temporary immigrant from India to do his work - he still hoped to find a new position in the company.


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Oprah announces she lost 26 pounds; Weight Watchers gains

The shares of Weight Watchers International Inc jumped as much as 20 percent after investor and spokeswoman Oprah Winfrey tweeted saying that she has lost 26 pounds using the program. "I lost 26 pounds, and I have eaten...


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China's richest man to invest $10bn in Haryana

Following Chief Minister Manohar Lal Khattar's trip to attract investors, China is all set to invest in Harayana to develop a USD 10 billion industrial park and smart cities in the state. The chief minister had a meeting...


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