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Sterling And Wilson Wins EPC Contract For 170 MW Solar PV Project In Morocco

Once completed, the plant will be one of the largest solar PV plants in North Africa and is expected to be operational for 20 years

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Income Tax Department Will Not Ask For Source Of Bank Deposits, Says Revenue Secretary Hasmukh Adhia

The tax department will not ask for the source of funds deposited in banks from November 10 -- post demonetisation of high value notes, if the entire income is declared and 50 per cent taxes paid on it, Revenue Secretary Hasmukh Adhia said on Monday

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Hill+Knowlton Strategies India Appoints Chetan Mahajan As President And CEO

Mahajan takes over leadership of H+K from Radhika Shapoorjee who will continue to lead H+K India until Mahajan joins in the new year

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CRR Hike: Crisil Says Forget Rate Cuts By Banks For Now

Reserve Bank's latest move to soak up the entire surplus liquidity between September 16 and November 11 through incremental cash reserve ratio will lead to over Rs 3 trillion outflow from banks and is likely to impact interest rate transmission, cautions a report

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Late Recovery Helps Sensex Close In The Green; Realty, Power Up

Bouncing back towards the fag-end of the session in an otherwise choppy trade, BSE Sensex on Monday closed nearly 34 points higher at 26,350.17 with gains in realty, power, FMCG and oil & gas stocks amid sustained buying by domestic institutional investors

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Morgan Stanley Cuts 2016-17 GDP Forecast To 7.3% On Note Pinch

Global financial services giant Morgan Stanley has downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent as the government's move to cancel old high-value notes is expected to adversely impact the near-term economic activity

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HSBC Launches 'Unified Payments Interface' For Corporates In India

Divyesh Dalal, Country Head of Global Liquidity and Cash Management at HSBC said the government’s emphasis towards increased digitisation across platforms has paved the way for UPI led payment solutions

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Pay 50% Tax On Unaccounted Deposits, Or 85% If Caught, Says Government

Providing a window to black money holders, the government on Monday proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught

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Standard Chartered To Cut 10% Of Corporate, Institutional Banking Staff

Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs

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EPFO Invests Rs 9,723 Crore In ETF Till October 31, Says Government

Employees' Provident Fund Organisation has invested a total of Rs 9,723 crore in exchange traded funds as on October 31 this year and the absolute returns till that time has been 9.17 per cent, the government told the Lok Sabha on Monday

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