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Economy round-up: Inflation slows, factory output shrinks, stocks slump

General

12 September, 2016

Economy round-up: Inflation slows, factory output shrinks, stocks slump

The week began on a pessimistic note on Monday with renewed fears of a rate hike in the US dragging ......

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Tax treaty changes unlikely to hurt India's lure as investment hub, says Vistra CEO

General

12 September, 2016

Tax treaty changes unlikely to hurt India's lure as investment hub, says Vistra CEO

The Hong Kong-based Vistra group has been aggressively closing a series of tuck-in and transformative acquisition since Baring Private Equity ......

Economy round-up: Strike cripples IT city; World Bank points to heavy pollution costs

General

09 September, 2016

Economy round-up: Strike cripples IT city; World Bank points to heavy pollution costs

A strike in Karnataka virtually brought India’s IT capital Bengaluru to a standstill, as more than 1,100 associations protested the ......

IFC to invest $50 mn in existing portfolio firm AU Financiers' debenture issue

General

09 September, 2016

IFC to invest $50 mn in existing portfolio firm AU Financiers' debenture issue

International Finance Corporation (IFC), the private sector investment arm of World Bank, is investing $50 million in non-banking financial company ......

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Vistra charts international growth plans for IL&FS Trust business lines

General

12 September, 2016

Vistra charts international growth plans for IL&FS Trust business lines

The Hong Kong-based Vistra Group Ltd is charting plans to take the new business line of corporate trust services to ......

Mumbai police arrest realty firm Orbit Corp's chief Pujit Aggarwal

Infrastructure

08 September, 2016

Mumbai police arrest realty firm Orbit Corp's chief Pujit Aggarwal

The Mumbai police arrested Pujit Aggarwal, MD and CEO of publicly listed real-estate firm Orbit Corporation under the charges of ......

Economy round-up: Obama all praise for GST as it clears another hurdle

General

08 September, 2016

Economy round-up: Obama all praise for GST as it clears another hurdle

India on Thursday inched another step closer to ushering in an overhauled indirect tax regime as President Pranab Mukherjee gave ......

Vini Cosmetics' promoter Darshan Patel, Nikhil Vora back Uniply to buy Vector Projects

Manufacturing

08 September, 2016

Vini Cosmetics' promoter Darshan Patel, Nikhil Vora back Uniply to buy Vector Projects

Plywood maker Uniply Industries Ltd is raising Rs 26.4 crore from a bunch of individual investors including Darshan Patel and ......

Baba Ramdev loyalist and Patanjali promoter Balakrishna enters India rich list with $3.8 bn

Consumer

08 September, 2016

Baba Ramdev loyalist and Patanjali promoter Balakrishna enters India rich list with $3.8 bn

Acharya Balakrishna, the man behind yoga guru Baba Ramdev's consumer goods empire Patanjali Ayurved, has stormed into the Hurun India ......

Construction materials marketplace BuildTraders gets funding from Dubai investor

TMT

08 September, 2016

Construction materials marketplace BuildTraders gets funding from Dubai investor

Bangalore-based BuildTraders, an online construction materials marketplace, has raised $200,000 in fresh round of funding from existing investor Idein Ventures, ......

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