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Category Archives: Economic

4G was major driver of data traffic in 2016

New Delhi:  4G was the major source of data traffic across the country in 2016, contributing 60 per cent of the incremental payload from 2015 levels, a new report said on Thursday. According to Nokia MBit Index report on mobile broadband performance in India, though 4G coverage is yet to penetrate across all circles, it…

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Starbucks to add 240,000 jobs worldwide by 2021

New York:  US coffeehouse chain, Starbucks has planned to hire 240,000 more people globally by 2021, including 68,000 jobs in America, the media reported. The company announced its plans for a hiring spree at its annual shareholders meeting on Wednesday, CNN reported. It marks the final shareholder event that Howard Schultz will attend as CEO…

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China’s economy ranked strongest: Report

Beijing:  China’s economy has been ranked the top performing in terms of overall strength and vitality in a report released at the Boao Forum for Asia on Thursday. The Asia Competitiveness Annual Report 2017 acknowledged that China maintained a growth rate of 6.7 per cent last year while contributing 30 per cent to the world…

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Reliance Infratel gets CCI nod for selling tower unit

Mumbai:  The Competition Commission of India (CCI) has approved the proposed sale of the tower division of Reliance Infratel Limited to Brookfield Infrastructure Group, a company statement said here on Thursday. “The Competition Commission of India has approved the proposed transaction involving the sale of the Tower Division of Reliance Infratel Limited, a subsidiary of…

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600 mn kids will face extreme water shortage by 2040

  United Nations: Nearly 600 million children, one in four worldwide, will live in areas with extremely limited water resources by 2040, according to a UN report. The report was released late Tuesday by the UN International Children’s Emergency Fund (Unicef), Efe news reported on Wednesday. Unicef warned of the threat to children’s lives due to…

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Markets open on a negative note

  Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE after opening at 29,341.41 points, touched a high of 29,341.41 and a low of 29,263.74 points. On Tuesday the Sensex closed at 29,485.45 points. The Sensex is trading at 29,307.33…

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Tokyo shares tumble over Trump policy, Pyongyang missile launch

  Tokyo: Tokyo shares tumbled on Wednesday on concerns over implementation of US President Donald Trump’s economic policies and reports on North Korean missile launches. The 225-issue Nikkei Stock Average shed 390.51 points, or 2.01 per cent, from Tuesday to 19,065.37, Xinhua news agency reported. The broader Topix index of all First Section issues on the…

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Hoping to implement GST from July 1: Jaitley

  New Delhi: Finance Minister Arun Jaitley said on Wednesday that the government was hoping to implement the Goods and Services Tax (GST) by July 1 after the enabling Bills get Parliament’s nod in the current budget session. “GST is the biggest reform in India. Hopefully, GST will be implemented by July 1. GST Bills will…

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SBI awaits Bharatiya Mahila Bank merger date

New Delhi:  A day after the Centre approved the merger of Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI), the public lender on Tuesday said the effective date of implementation will come from the government. “As per the Finance Ministry, the merger of BMB with SBI has been approved. We are awaiting…

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