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India
Yes Bank’s digital push from Q1FY17
Yes Bank is initiating a major retail push next quarter with new digital products and entry into credit card business. Yes Bank’s head of retail and business banking, Pralay Mondal, has said the bank is on the verge of a major push into digital banking with a host of new ...
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India
ICICI Bank offers to demat credit, debit cards
ICICI Bank has said that customers will soon be able to dematerialize their credit cards in the Pockets app and use their smartphones to make payments in stores. The catch: This works only in phones that are near field communication (NFC) -enabled and in the 40,000-odd locations that accept NFC ...
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India
Twist in startup tale: Flipkart and Amazon may have explored sale talks, say sources
Flipkart considered selling itself to Amazon, sources told ET, upending conventional thinking that India’s largest online retailer would go full distance as an independent Internet giant. In recent weeks, Flipkart has opened negotiations with Alibaba for a fresh round of funding.
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India
Women beat men in entry-level IT jobs
There are more women than men being hired at the entry level by the Indian IT and BPM (business process management) sector. Women constitute 51% of entry-level hiring, and have a 50% higher chance, compared to male applicants.
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India
P&G stops sale of Vicks Action 500 Extra
Procter & Gamble Hygiene and Health Care (P&G) said it has stopped manufacturing and selling Vicks Action 500 Extra after the government banned fixed-dose combination (FDC) drugs — paracetamol, phenylephrine & caffeine — with immediate effect.
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India
Drug ban: Pharma market to see immediate loss of Rs 1k cr
Even as more drug makers moved court against the government’s move on irrational medicines, the ban could translate into an immediate loss of Rs 800-1,000 crore in the pharmaceutical market, impacting nearly 2,500 brands on retail shelves as well as those in transit over the next few weeks.
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India
Indian contracts on SGX from March 29
Beginning March 29, global investors will be able to trade on derivatives contracts on select Indian sectors on the Singapore Exchange (SGX), in addition to on the Indian bourses. On Tuesday, NSE, India’s largest bourse, and SGX signed an agreement to launch futures contracts on Nifty Bank Index.
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India
Who’s who of India served on Kingfisher Airlines’ board
Vijay Mallya may be a pariah today with both the Congress and the BJP disowning him, but there was a time when who’s who of India had served his Kingfisher Airlines (KFA) as its independent directors. They Began Deserting Mallya As Carrier’s Fortunes Tanked.
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India
Private companies rush to turn LLPs before April 1 for tax sop
The popularity of limited liability partnerships (LLPs) may diminish from April 1, as the Finance Bill has inserted a new clause which restricts the tax neutrality on conversion of private companies into LLPs. This has resulted in a sudden rush of companies which wish to convert into LLPs.
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India
ED gets leads in Rs 900cr money laundering case
The Enforcement Directorate (ED) is learnt to have got a couple of crucial leads while examining bank documents in the Rs 900-crore money laundering case connected with the defunct Kingfisher Airlines case. Officials said that they manage to get the leads while examining a complex bank transaction.