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India
Soon bank account will be enough to invest in stocks
If the finance ministry agrees with markets regulator Sebi, soon anyone with a bank account will be able to invest in stocks, mutual funds and commodities without going for a fresh round of Know Your Customer (KYC) compliance process.
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India
Banks reject Mallya’s Rs 4,000 crore offer, say there’s no value in it
A consortium of 17 banks, led by State Bank of India, has rejected a proposal given by beleaguered liquor baron Vijay Mallya and his firms to pay back Rs 4,000 crore by September 30, saying that there is “no value in the offer” and is likely to plead the Supreme ...
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India
Tata Motors to review portfolio,to work out turnaround strategy
Tata Motors’ newly appointed MD & CEO Guenter Butschek has his task cut out. He has decided to review the company’s current product portfolio (including Nano) and future launch plans to work out a turnaround strategy.
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India
Mumbai court grants Mallya exemption
A local magistrate has granted exemption from personal appearance to UB Group chairman Vijay Mallya, who is still believed to be abroad, after his lawyer said he was trying to settle the dues he owed.
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India
Rising FDI helping India narrow external finance needs: Moody's
Rating agency says it will mitigate the risk of widening of current account deficit
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India
The final word on revised GDP
Panel headed by Pronab Sen has decided that India's growth rate has been correctly estimated by the Central Statistical Office (CSO)
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Giappone
Seven & I board rejects plan to replace Seven-Eleven Japan president Isaka
The board of retail giant Seven & I Holdings Co. on Thursday voted not to replace the president of its convenience store chain Seven-Eleven Japan Co., sources said. Seven & I Holdings Chief Executive Officer Toshifumi Suzuki, 83, has taken the initiative to replace Ryuichi Isaka, 58, the chain’s president. ...
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India Giappone
Toshiba to build railway parts factory in India
Toshiba Corp. will build a factory in India to make parts for trains following plans by General Electric Co. and Alstom SA to set up manufacturing facilities in the country after winning deals to build locomotives. The Japanese company will make train control and power conversion systems in the factory ...
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Giappone
Japan to print additional ¥10,000 bills as more people stash their cash at home
The Finance Ministry plans to increase the number of ¥10,000 bills in circulation, amid signs that more people are hoarding cash. It will print 1.23 billion such notes in fiscal 2016, 180 million more than a year earlier. The number of ¥10,000 bills issued annually leveled off at around 1.05 ...
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Giappone
Technicolor engineers find way to store Hollywood’s history in a bottle
A Technicolor scientist surrounded by the latest virtual reality technology inspects a vial containing a few droplets of water — and 1 million copies of an old movie encoded into DNA. The company has come a long way since Hollywood’s golden age, when the world gazed in awe at the ...