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August 20, Sunday 2017 3:18 PM       
       HEADLINES: Gadgil slams Athirappilly project                                              Three run over by train in Alappuzha                                              Hashish oil of 20 crore seized in Idukki                                              Chennithala seeks Minister Shylaja’s resignation                                              Yogi takes dig at Rahul, says Gorakhpur isn’t 'picnic spot'                                              Nitish Kumar-led JD(U) passes resolution to join NDA                                              Final decision by Monday: OPS on AIADMK merger                                              Muzaffarnagar train derailment: 11 killed, over 30 injured                                              Rahul Gandhi meets Gorakhpur tragedy victims' kin, assures help                                              14 dead in twin attacks as Spanish police launch manhunt                                              Afghanistan celebrates 98 years of Independence                                              Charlottesville violence: Donald Trump's arts council quits                                              Spain: 'Level 4' threat alert post Barcelona terror attack                                              Indonesia begins countdown to 2018 Asian Games                                              Some felt Kumble was strict but not me, says Wriddhiman Saha                                              HCA not following Lodha panel recommendations: Azharuddin                                              Nadal returns to No. 1 with heavy heart over Barcelona                                              Mirza, Bopanna crash out of Cincinnati                                              Kaumudi Facebook
       BUSINESS  
         US law firms initiate investigation against Infosys    
 
 
NEW DELHI: Four US law firms have said they are investigating potential claims on behalf of Infosys investors on whether the Indian company and some of its officials and directors have violated federal securities laws.

 
         Infosys board approves up to Rs. 13,000 cr buyback offer    
 
 
NEW DELHI: The Infosys board today approved the share buyback plan of up to Rs. 13,000 crore to reward shareholders, a move that comes a day after CEO Vishal Sikka resigned citing slander by company founders.

 
         RBI to issue new fluorescent blue Rs 50 notes    
 
 
Mumbai: The Reserve Bank will soon introduce new fluorescent blue Rs 50 banknotes bearing the motif of 'Hampi with Chariot' that depicts India's cultural heritage. RBI said it will shortly issue these Rs 50 denomination banknotes in the Mahatma Gandhi (new) series.

 
         PM to launch Rs 15k-cr road projects in Rajasthan    
 
 
New Delhi: Prime Minister Narendra Modi will inaugurate and lay foundation stone for Rs 15,000-crore National Highway projects in Rajasthan on August 29.

 
         Sikka quits Infosys after Murthy campaign    
 
 
NEW DELHI: Vishal Sikka, the first non- founder CEO of Infosys Ltd, has abruptly resigned due to the "continuous assault" and "campaign" by founder and ex-chairman NR Narayana Murthy, the USD 10 billion firm said Friday.

 
         Nifty snaps 3-day winning spree, down 67 pts    
 
 
MUMBAI: The NSE 50-share Nifty snapped its three-day winning streak by tumbling 67 points to end at 9,837.40 following a sharp fall in Infosys shares as also sluggish global markets.

 
         Maruti rolls out sporty 'Ciaz S' at Rs 9.39 lakh    
 
 
New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) today launched a sporty version of its mid-sized sedan Ciaz with petrol variant tagged at Rs 9.39 lakh (ex-showroom Delhi).

 
         RBI still has room to slash rate in current fiscal: Kidwai    
 
 
New Delhi: The Reserve Bank still has room to cut the key policy rate in the current fiscal, veteran banker Naina Lal Kidwai has said, while stressing that banks should pass on the benefits of lower rates to customers. RBI reduced the repo rate by 0.25 per cent to 6 per cent earlier this month, citing reduction in inflation risk. The rate cut was the first in 10 months and brought policy rates to near 7-year low.

 
         Our full sympathy with agitating Noida home buyers: FM    
 
 
New Delhi: Finance Minister Arun Jaitley today said the government has full sympathy with the agitating Noida homebuyers and they can seek relief under the insolvency law.

 
         Videocon names Rajesh Rathi as business head    
 
New Delhi : Consumer electronics firm Videocon has appointed Rajesh Rathi as business head. Rathi, who has been associated with Videocon for over eight years, was earlier national head for the group's consumer durable sales across India, the company said in a statement today.

 
         Sensex surges 235 pts as geo-political tensions ease    
 
 
MUMBAI: Stocks on Monday rose for the first time in six days, with the benchmark Sensex rebounding over 235 points to end at 31,449 as investors took comfort from the fact that tensions between the US and North Korea showed some signs of easing.

 
         Sensex jumps 191 points, ignores weak IIP data    
 
 
MUMBAI: The BSE Sensex recovered about 191 points in opening trade on Monday, breaking its five-session losing streak, on value-buying by investors despite industrial production entered the negative territory in June.

 
         Trai website to soon display telcos' tariff plans: Sharma    
 
 
NEW DELHI: Telecom subscribers will be able to soon check tariff plans of different operators on the regulator's website, improving transparency over rates, Trai Chairman RS Sharma has said.

 
         NPA resolution to spur credit expansion, growth: Panagariya    
 
 
NEW DELHI: Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.

 
         Sensex, Nifty snap 5-week winning streak on profit-booking    
 
 
MUMBAI: Stocks: Both the S&P BSE benchmark Sensex and NSE 50-share Nifty snapped their 5-week winning streak by tumbling 1,112 points and 356 points respectively due to profit-booking from investors in view of global tension amidst foreign capital outflows.

 
         200 Indian business reps see great investment opportunities in Kazakhstan    
 
 
NEW DELHI: A seminar organized recently by the Embassy of Kazakhstan saw captains of Indian industry evincing interest in the investment opportunities available to them in Kazakhstan.

 
         FICCI for substantial slash in policy rates by RBI    
 
 
NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) urged for the need to enable a further cut down of policy rates by the Reserve Bank of India (RBI), to spur demand and help ease the pressure on corporate balance sheets.

 
         Kochi Shipyard makes strong market debut after $225 million IPO    
 
 
KOCHI: Kochi Shipyard settled at Rs. 522 on BSE, a premium of 20.83% over initial public offer price of Rs. 432 per share on its debut Friday, 11 August 2017.

 
         Gold tops Rs 30,000-mark, spurred by safe haven appeal    
 
 
New Delhi, PTI: Gold made good use of growing safe haven demand as prices reclaimed the Rs 30,000-mark by gaining Rs 130 to trade at an over three-month high today, with local buying providing crucial support.

 
         Govt has not written off single rupee of corporate loans: FM    
 
 
NEW DELHI: Union Minister Arun Jaitley Friday asserted that not even a single rupee of loans taken by the corporates has been written off by the government and asked the Opposition to first get the facts before talking about it.

 
         Sensex losses mount on global sell-off, dives 336 pts    
 
 
MUMBAI: The BSE Sensex slumped over 336 points and the NSE Nifty slipped below the 9,800-mark in early trade Friday following global sell-off triggered by mounting geo-political tensions between the US and North Korea.

 
         Def Min wants non-lapsable capital fund; writes to finance min    
 
 
New Delhi: In a significant move, the defence ministry has sought setting up of a non-lapsable capital fund so that the unspent money does not go back at the end of any fiscal.

 
         Parijat Industries builds war chest of international trademarks in 45 countries    
 
 
NEW DELHI: In the global economy, a primary value enhancer for an Indian manufacturing company is building solid brands. A successful brand building strategy is the Holy Grail pursued by all companies. But building a profile of international brands is a different ballgame.

 
         Sensex closes at 1-mth low, hit by losses for 4th day    
 
 
MUMBAI: The muscle-flexing by the US and North Korea ratcheted up global worries and made investors a lot more anxious Thursday, with the Sensex crashing 267 points to a one-month low and the Nifty below 9,900.

 
         Rupee wobbles on global tensions, dives 21 paise to 63.84    
 
 
Mumbai: Amid heightened global uncertainties, the rupee today retreated sharply by 21 paise to end at 63.84 against the American currency due to fresh demand for the greenback from importers and banks.

 
         Denial of benefit over lack of Aadhaar is breach of norms    
 
New Delhi: Denial of government benefits because of lack of Aadhaar or problems in its authentication is violation of norms and the violators should be punished, UIDAI CEO Ajay Bhushan Pandey said today.

 
         Nifty ends below 10,000, drops 79 pts    
 
 
MUMBAI: The NSE benchmark Nifty extended its losses for the second day to drop below the psychological 10,000-level on emergence of selling mainly in realty and banking space after market regulator Sebi imposed trading restrictions on 331 listed shell companies with immediate effect.

 
         CBDT highlights 25 per cent surge in filing of IT returns    
 
 
NEW DELHI: The Central Board of Direct Taxes (CBDT) on Monday highlighted a 25 percent increase in the number of Income Tax Returns (ITRs) filed in the current fiscal, on the backdrop of economic reform, including demonetisation and the Income Tax Department's (ITD) Operation Clean Money.

 
         Sensex firms up 61 points on fund inflows    
 
 
MUMBAI: The benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early trade Monday on sustained foreign fund inflows amid positive global cues.

 
         Chabahar Port a gateway to golden opportunities: Gadkari    
 
 
New Delhi: Keen on boosting bilateral trade and ties, India and Iran have expressed commitment to operationalise the strategic Chabahar Port at the earliest. Union Minister Nitin Gadkari, who is on a two-day visit to Tehran as a special envoy of India deputed by Prime Minister Narendra Modi at the inauguration of the second tenure of Hassan Rouhani as the President of Iran, extended the PM s invitation to Rouhani to visit India while handing over a letter of felicitation to him and held talks

 
 
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