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Mumbai’s Real Estate Launches Dip By 24% In January To March: Survey

Mumbai: The real estate project launches in Mumbai dropped by 24 per cent in the first quarter of 2017, a recent survey said. Launches dropped by 24 per cent at 4,900 units against 6,500 a year ago, a study conducted by the property consultancy firm Colliers International found. The trend …

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No Ads Of Realty Projects Without Registering With Regulator

New Delhi: Clearing the air on real estate developers issuing advertisements, the government has said no ongoing or future projects can be advertised without registering them first with the new regulator. The clarification is likely to further dampen the already subdued real estate market that has seen no real appreciation …

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Sensex Consolidates For Second Day, Nifty Settles Below 9,650

Indian shares ended flat on Wednesday as consolidation continued after the benchmark Sensex gained over 2 per cent in last one month and 7.25 per cent in last three months. Sensex shed 13.89 points to end at 31,283.64 while the benchmark Nifty closed below the crucial 9,650 level at 9,633.60, …

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Government Working On New Industrial Policy

New Delhi: The government is working on a new industrial policy with a view to promoting and developing frontier technologies, innovation and enhancing competitiveness of domestic products. “With the changing manufacturing scenario, introduction of new technologies, innovation, R&D, artificial intelligence and automation, there is a need to completely revamp the …

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Diageo Buys George Clooney’s Tequila Casamigos For $1 Billion

London: Diageo, the British maker of alcoholic drinks, said Wednesday it had agreed to buy Casamigos, an upscale tequila brand co-founded by Hollywood star George Clooney, in a deal worth up to $1 billion. “This is an exciting opportunity for Diageo to strengthen its participation in the fast growing tequila …

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Provide Adequate Transaction Details In Passbooks: RBI To Banks

Mumbai: The RBI today asked banks to provide “adequate details” of transactions in the passbooks and statements of accounts so that customers can cross-check them. Earlier, the Reserve Bank had advised them to avoid inscrutable entries in passbooks/statements of account and ensure that brief, intelligible particulars are invariably entered with …

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Sensex Jumps Over 100 Points; Energy, Pharma Stocks Gain

Indian shares opened higher on Thursday tracking Asian shares, which advanced as oil prices climbed off a 10-month low hit overnight on concerns over a supply glut and falling demand. The BSE Sensex jumped over 130 points to 31,417 while the Nifty50 index gained nearly 35 points to 9,669. Buying …

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Sensex Surges Over 200 Points To Record High, Nifty Near 9,700; Infosys Leads Gains

Indian shares extended gains in noon trade with the BSE Sensex rising nearly 240 point to a fresh all-time high of 31,522 and Nifty gaining nearly 60 points to 9,698. Gains in the market were led by banking and financial services and IT shares. Nifty Bank, NSE’s sub-index for banking …

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Sensex Ends Flat After Hitting Record High; Metal, Energy Stocks Drag

Indian equity indices ended flat on Thursday as traders booked profit in recent gainers after the benchmark Sensex hit a record high during the day. A lower opening in European indices also impacted sentiment. Sensex closed 7.1 points higher at 31,290.74, while Nifty settled 3.60 points lower at 9,630. Except …

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Indian IT Export To Grow 7-8% In Current Fiscal, Says Nasscom

Hyderabad: Indian IT export is projected to grow by 7-8 per cent in 2017-18, industry body Nasscom said in its guidance today. The domestic market is expected to grow 10-11 per cent, it said. The IT-BPM industry is expected to add 1.3-1.5 lakh new jobs during 2017-18, Nasscom president R …