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  • Point of Sale Cash Withdrawal Limit Should be Raised to Rs 5,000: SBI

    Point of Sale Cash Withdrawal Limit Should be Raised to Rs 5,000: SBI

    State Bank of India, the country's largest lender, on Tuesday said it has written to the Reserve Bank (RBI) to increase the daily cash withdrawal limit from merchant outlets having POS (point of sale) machines to Rs 5,000.

  • Sundaram BNP Paribas MF Picks Up 2 Per Cent Stake in 8KMiles

    Sundaram BNP Paribas MF Picks Up 2 Per Cent Stake in 8KMiles

    On the heels of DSP Black Rock MF picking up a 4 per cent stake in 8KMiles, India's only listed pure-play cloud computing firm, Sundaram BNP Paribas MF on Wednesday bought an around 2 per cent in the Silicon Valley-based company at double the price that the former had paid.

  • Bosch Strike: Union Talks With Management on Thursday

    Bosch Strike: Union Talks With Management on Thursday

    The first round of talks with the management would be held on Thursday to resolve issues at German auto component major Bosch's Adugodi plant, where strike by workers entered the second day on Wednesday, a union official said.

  • Reliance Jio Awards up to 70,000 Site Contract to Samsung: Credit Suisse

    Reliance Jio Awards up to 70,000 Site Contract to Samsung: Credit Suisse

    Reliance Jio Infocomm Ltd is believed to have awarded another contract for 50,000-70,000 LTE base stations to Samsung, according to global brokerage firm Credit Suisse.

  • Ready to Quit Hyderabad Metro Rail Project If Issues Not Resolved: L&T

    Ready to Quit Hyderabad Metro Rail Project If Issues Not Resolved: L&T

    L&T Metro Rail Hyderabad Ltd, the developer of the 72-km elevated metro rail here, on Wednesday said it has written a letter to the Telangana government and offered to walk out of the Rs 16,000 crore-plus project as a last resort if the issues concerning it are not sorted out.

  • Blackrock Sells Yes Bank Shares Worth Rs 231.27 Crore

    Blackrock Sells Yes Bank Shares Worth Rs 231.27 Crore

    Blackrock Real Asset Equity Trust on Wednesday offloaded over 39 lakh shares in Yes Bank for an estimated Rs 231.27 crore through an open market transaction on Bombay Stock Exchange (BSE).

  • Religare Securities Ties Up With South Indian Bank

    Religare Securities Ties Up With South Indian Bank

    Religare Securities has entered into a strategic tie-up with South Indian Bank to offer its online trading platform to the lenders customers.

  • Jet Airlines Seeks More Time to Pay Pilots' Salary Arrears: Report

    Jet Airlines Seeks More Time to Pay Pilots' Salary Arrears: Report

    Jet Airways management has assured its pilots of legal help to deal with notices to them from the Directorate General of Civil Aviation (DGCA), even as it sought more time to pay salary arrears worth Rs 100 crore, sources here said on Wednesday.

  • Ikea to Invest $500 Million More in India

    Ikea to Invest $500 Million More in India

    Ikea, the world's largest furniture retailer, on Wednesday said it has plans to invest Rs 12,500 crore to set up 25 stores in the country over the next decade.

  • Apollo Tyres Says Hungary Plant to Start Rolling Out Products by 2017

    Apollo Tyres Says Hungary Plant to Start Rolling Out Products by 2017

    Apollo Tyres Ltd on Wednesday said it will start rolling out products from its 475 million euro green field plant in Hungary by 2017.

  • Tiger Global Leads $60 Million Investment in Quikr

    Tiger Global Leads $60 Million Investment in Quikr

    Online classifieds portal Quikr has secured $60 million (Rs 360 crore at 1 dollar = 60 rupees) from backers led by US investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.

  • Shemaroo IPO Subscribed 1.01 Times on Second Day

    Shemaroo IPO Subscribed 1.01 Times on Second Day

    The initial public offering (IPO) of Shemaroo Entertainment, which is into film and entertainment content business, was subscribed 1.01 times on the second day of the issue on Wednesday.

  • MCX Can Launch Contracts After New Tech Deal With Financial Tech: Regulator

    MCX Can Launch Contracts After New Tech Deal With Financial Tech: Regulator

    Multi Commodity Exchange (MCX) can launch new contracts for January, February and March of 2015 after if it signs a fresh technology deal with its erstwhile promoter Financial Technologies India Ltd (FTIL), the Forward Markets Commission (FMC) said on Wednesday.

  • Merck Licenses Experimental Psoriasis Drug to Sun Pharma

    Merck Licenses Experimental Psoriasis Drug to Sun Pharma

    Merck & Co Inc said it has licensed its experimental psoriasis drug to Indian generic maker Sun Pharmaceutical Industries Ltd for $80 million (Rs 480 crore at 1 dollar = 60 rupees).

  • Ranbaxy Says US Authorities Seek Information on Pricing Data

    Ranbaxy Says US Authorities Seek Information on Pricing Data

    Generics drug maker Ranbaxy Laboratories Ltd on Wednesday said federal authorities in the United States had sought details on how it reports pricing data for some products eligible for reimbursement under the Medicaid program.

  • Emami Declares Rs 4 Per Share Interim Dividend for FY15

    Emami Declares Rs 4 Per Share Interim Dividend for FY15

    FMCG firm Emami Ltd on Wednesday approved a 400 per cent interim dividend for its shareholders for the ongoing fiscal year (2014-15).

  • IndiGo Inks $2.6-Billion Deal With Chinese Bank ICBC

    IndiGo Inks $2.6-Billion Deal With Chinese Bank ICBC

    Indian and Chinese businesses on Wednesday inked agreements worth $3.43 billion, including the $2.6-billion deal between low-cost carrier IndiGo and Industrial and Commercial Bank of China Ltd (ICBC).

  • Regulatory Uncertainty May Delay Reliance Power-Jaypee Deal

    Regulatory Uncertainty May Delay Reliance Power-Jaypee Deal

    The proposed sale of Jaypee group's hydroelectric assets to Reliance Power in an estimated Rs 12,000-crore deal may get delayed due to regulatory uncertainties over tariff issues related to 1,000 MW Karcham Wangtoo hydro project, one of the three projects being sold.

  • Why Flipkart, Amazon Are Facing Traders' Ire

    Why Flipkart, Amazon Are Facing Traders' Ire

    IT and telecom product traders' association ADCTA on Wednesday asked its about 25,000 members across India to stop supplying goods to e-commerce portals and retailers if they sell any product below the price at which they have originally purchased it.

  • Fair Trade Regulator Drops Case Against Ford India, Dealer

    Fair Trade Regulator Drops Case Against Ford India, Dealer

    The Competition Commission of India (CCI) has rejected allegation against Ford India that it abused dominant position in the market for 'multi/sport utility vehicles'.

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