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Powerball jackpot at $1.5 billion fuels ticket-buying frenzy

The Wednesday night's Powerball appeared set to eclipse an estimated $1.5 billion bounty, prompting the players to go on a ticket-buying frenzy in pursuit of the princely payout.


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Flipkart's other Bansal takes charge

On Monday, Flipkart announced Binny as its new chief executive officer (CEO), replacing his long-time friend and business partner Sachin Bansal, who has taken the role of executive chairman of the company.


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$1.3 billion US Powerball jackpot to be world lottery record

Powerball's jackpot is now at $1.3 billion and it is expected that it would increase by Wednesday's draw.


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Birla Corp could buy cement business of Anil Ambani in Rs 5,000 crore deal

Birla Corp has emerged as the leader to acquire Anil Ambani's cement business, a wholly-owned arm of flagship Reliance Infrastructure, after a competitive sale process that also witnessed rival offers from leading private equity buyout funds.


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Gold worth Rs 1 cr, hidden under plane seat, seized at Hyderabad

Over 3kg of gold, hidden under a seat in an aircraft and apparently meant for smuggling, was apprehended by the customs officials at the Rajiv Gandhi International Airport in Hyderabad.


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Winning Powerball numbers drawn for $900-million jackpot

The winning numbers in Saturday's record-setting Powerball drawing are: 32, 16, 19, 57, 34 and 13 is the Powerball number.


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Apple cuts iPhone production amid fears of slowing demand

Tech giant Apple's share price plummeted amid reports production of the latest iPhone is set to be cut by 30 percent. The Cupertino-based firm is planning to reduce its iPhone production by around a third amid fears of...


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Goldman Sachs Invests $66 Million in Hotel Firm Samhi

Goldman Sachs has financed $66 million for a significant minority stake in Indian hotel investment and development firm Samhi Hotels, said a statement released by company on Tuesday.


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Oyo Rooms Founder Enters Forbes List of Achievers Under 30

Founder and CEO of Oyo Rooms, Ritesh Agarwal, is among the 45 Indians or Indian-origin people who have made it to Forbes' annual list of achievers under the age of 30.


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TCS, Cognizant in race for Dell's Perot Systems

Tata Consultancy Services Ltd is now participating in the bidding process for Perot Systems, an IT management business of Dell Inc, according to people familiar with the matter.


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Auto Majors Move Court Seeking Lifting Of Ban On Diesel Vehicle Registration

Car makers Toyota, Mahindra and Mercedes have approached the Supreme Court asking that their cars be excused from the ban on diesel car registration it had forced.


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14 American states to hike minimum wages this year

As the United States completes more than six years without an increase in the federal minimum wage of $7.25 an hour, 14 states and several cities are advancing with their own increases, with most set to begin from Friday.


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No more LPG subsidy for consumers with annual taxable income of over Rs 10 lakh

In an effort to curb the supply of subsidized coking gas, the NDA government today announced that taxpayers with an annual income of more than Rs 10 lakh will not get LPG cylinders subsidy from the New Year.


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Air India to serve only veg meals in 60-90 minutes domestic flights

India's national carrier Air India has decided to serve only vegetarian meals in 60 to 90-minute domestic flights from January 1. Air India has taken the decision owing to the less time available for serving in...


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Wipro to buy BPaaS provider Viteos Group for $130 million

Indian multinational IT Consulting Company, Wipro, has announced that it has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry for $130 million.


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RCom, Aircel Discuss India Wireless Business Merger

Reliance Communications (RCom) is in talks with the promoters of Aircel about the possibility of merging the India wireless business. The potential combination will exclude RCom's towers and optical fibre infrastructure...


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Brick-and-mortar retailers attack Amazon over its Rs 200 gift offer for Indian

Earlier this month, Amazon founder and CEO Jeff Bezos sent offers of Rs 200 gift cards to millions of Indian customers as part of a marketing ploy that did not go down well with the country's brick-and-mortar...


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Accel Sells $100M Stake in Flipkart

Venture capital firm Accel Partners has retailed a small stake in Indian e-commerce firm Flipkart to sovereign wealth fund Qatar Investment Authority (QIA) for $100 million, said a report in the Economic Times citing two...


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AI flight reverts over windshield crack

Around 150 passengers in a Lucknow-bound Air India flight from New Delhi thanked God for their narrow escape after the windshield of the cockpit developed a crack mid-air on Sunday.


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US Feds first rate hike in 9 years after crisis may benefit India

In a widely anticipated move, Federal Reserve Chair Janet Yellen raised US interest rates on Wednesday. On Wednesday, during a press conference after the Fed decision was announced Yellen promised markets that the...


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SC stays class suit action against Nestle

The Supreme Court on Thursday stayed proceedings against Nestle India, maker of the Maggi brand of instant noodles, in the National Consumer Disputes Redressal Commission (NCDRC).


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Air India Technician Gets Sucked Into Aircraft Engine, Dies

An Air India service engineer was killed after he got sucked into the live engine of an A-319 aircraft at Mumbai airport on Wednesday evening. The body of the engineer, identified as Ravi Subramanium was yet to be recovered...


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Government makes PAN mandatory for Rs 50000 hotel bills in cash, foreign travels

In an effort to check generation of domestic black money, the government has tightened disclosure norms and made furnishing PAN number compulsory from 1 January for cash payment made to settle hotels bills or for buying...


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Dr Reddy's issues clarification to USFDA's warning letter for its 2 units

Dr Reddy's Laboratories (DRL) submits a response to the US health regulator on a warning letter it had received last month. In November, Dr Reddy's had received a warning letter from the USFDA relating to two of its API...


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Vodafone enters 4G fray after Airtel; Reliance lags behind

India's second-largest mobile operator, Vodafone introduced its high-speed 4G service in Kochi in Kerala on Tuesday, making it the country's second 4G service provider after market leader Bharti Airtel, which had rolled...


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Japan set to win India's bullet train deal, offers loan at just 0.5% for 50

Japan is likely to win the right to construct India's first bullet train, after failing to bag an Indonesian high-speed rail deal, the Nikkei business daily reported on Tuesday.


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Kaher Kazem to head India unit from Jan. 1: GM

General Motors Co (GM.N) on Monday stated that Kaher Kazem will become head of its India unit from Jan. 1 after the current chief; Arvind Saxena retires as general manager at year-end.


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Vodafone invests Rs 500 crore in Apr-Nov to improve services in New Delhi, NCR

Vodafone India has financed nearly Rs 500 crore this fiscal to upgrade the quality of its services in New Delhi and in the National Capital Region.


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Amazon rules Cyber Monday with 36% of all online sales

Online retail giant Amazon continued to dominate sales on Cyber Monday 2015 generating an estimated 36.1% of all online sales on Monday, according to Slice Intelligence.


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Cyber Monday breaks sales record again, but for how long?

The online shopping event this holiday season reached $3 billion in sales, up by 12 percent from last year, software giant Adobe stated late Monday, making it the largest online sales day in the US ever.


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