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UltraTech Scraps Plan To Buy Jaiprakash Cement Plants

The Bombay High Court said that amendments to Indian mining and mineral laws mean that only the transfer of mines granted through an auction process could be approved, making the Jaiprakash deal impossible, UltraTech said

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Government To Give Rs 70,000 Crore For Banks Recapitalization

The government plans to infuse Rs 70,000 crore in the next few years, but PSU banks would need at least Rs 1.8 lakh crore by FY19

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Refrain From Raising Income Tax Exemption Limits: Economic Survey

Says the government should refrain from raising exemption limits on income tax to facilitate natural growth of individual earnings and widen the taxpayers base

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Sensex Bounces Back By 178 Points On Hopes Of 8% Growth

The Sensex snapped its 3-day losing streak, recovering by 178 points to close at 23,154.30 on fag-end buying ahead of the Union Budget after the Economic Survey projected the Indian economy to grow at 7-7.75% in 2016-17, which could accelerate to 8% in a couple of years

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Unsold Homes In Northern Region Need 65 Months For Absorption: Economic Survey

The Economic Survey says that the slowdown in sales has resulted in a sharp increase in the inventory of unsold housing units particularly in northern and western region

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Expand Scope Of Direct Benefit Transfer To Fertilizer Subsidy: Economic Survey

The government should further expand the scope of direct transfer of benefits through Jan-Dhan Yojna, Aadhar and Mobiles (JAM) to include fertilizer subsidies

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Case Study: Know Not What I Eat

“The food industry profits from providing poor quality foods with poor nutritional value that people eat a lot of ” — Dr Mark Hyman, American physician, scholar and an NYT bestselling author

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Time Moves On

Whether Titan is right or wrong is difficult to say but this much is for sure: those who really want a smartwatch will look elsewhere while those who want to stick with conventional and not miss out on being connected to the smartphone, will consider the JUXT.

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Scaling The Heights

Former Spencer Retail executive Ramesh Menon has joined Shoppers Stop’s hypermarket chain HyperCity Retail as the new CEO.

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Book Extract: Southern Spice

After the 2007 takeover by Orkla, MTR invested over `100 crore in large-scale upgradation of infrastructure, IT, factories and other resources.

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