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Category Archives: Economic

Apple iPhone 8 may face two-month delay

New York: Owing to the complications in adding edge-to-edge screen for their new upgrades, Apple’s iPhone 8 may be delayed up to two months, a media report said. According to a report in Fortune late on Monday, the usual September launch may be delayed to October or November because of the complications that stem from the…

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Centre extends IPR protection scheme for start-ups till 2020

New Delhi: The Indian government has extended the Start-Ups Intellectual Property Protection (SIPP) scheme for three years till March 2020, in a bid to continue the protection of entrepreneurs’ patents, trademark and designs. The scheme, in force till March 31, 2017, is being “extended further for a period of three years”, the Department of Industrial Policy…

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Equity markets trade higher, oil and gas stocks gain

Mumbai: The Indian equity markets made substantial gains during the early-morning trade session on Tuesday. According to market observers, healthy buying was witnessed in oil and gas, healthcare and capital goods stocks. The wider 51-scrip Nifty of the National Stock Exchange (NSE) traded higher by 33.10 points or 0.36 per cent to 9,251.05 points. The barometer…

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Facebook not arbiter of truth, says COO

  London: Responding to the criticism that Facebook has been facing over dissemination of fake news on the platform, the social media giant’s Chief Operating Officer (COO) has said that the company is not an “arbiter of truth”. Speaking at BBC Newsnight, Sheryl Sandberg said: “We are really a platform and we take our responsibilities on…

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Higher global indices lift Indian equities (Lead)

Mumbai: Higher global indices along with a strengthened rupee lifted the Indian equity markets during the mid-afternoon trade session on Monday. The wider 51-scrip Nifty of the National Stock Exchange (NSE) traded higher by 93.40 points or 1.02 per cent to 9,212.89 points. The barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange traded higher…

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Heritage Foods aim Rs 6,000 crore turnover by 2022

Hyderabad: Heritage Foods Limited (HFL), a leading dairy company owned by Andhra Pradesh Chief Minister N. Chandrababu Naidu’s family, on Monday said that it had set a target of Rs 6,000 crore turnover by 2022. Celebrating its silver jubilee, the company announced that along with its core business vertical of milk, it aims to enhance contribution…

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Trump to announce important tax reform next week

  Washington: US President Donald Trump will make an important announcement about his awaited plan for tax reform next Wednesday. “We’ll be having a big announcement on Wednesday having to do with tax reform. The process has begun long ago but the reform will begin on Wednesday,” Efe news service quoted Trump as saying. Trump signed…

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US rejected Exxon’s bid to bypass sanctions on Russia

  Washington: The US Treasury Department said on Friday it will not issue drilling waiver to Exxon Mobil Corporation to work with a Russian state oil company as prohibited by US sanctions on Russia. “In consultation with President Donald Trump, the Treasury Department will not be issuing waivers to US companies, including Exxon, authorising drilling prohibited…

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