By Crish On Wednesday, January 20th, 2016
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Will seek $600 mn from India in damages: Cairn Energy

The Income Tax Department using a retrospective legislation had in 2014 issued a draft tax assessment order on Cairn Energy over its 2006 internal business reorganisation. (Photo: Reuters) British oil More...

By Crish On Wednesday, January 20th, 2016
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Reliance Power’s profit jumps 38% in December quarter on 2-fold rise in output

Reliance Power today posted a 38 per cent jump in its consolidated net profit at Rs 351.81 crore for the December quarter, riding on a two-fold increase in electricity generation. The company’s consolidated More...

By Crish On Wednesday, January 20th, 2016
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Indian rupee at over two-year low after ECB stimulus, Fed rate hike fear

Dec 4 The Indian rupee slumped to an over two-year low on Friday, tracking weakness in global markets after the European Central Bank’s stimulus package fell short of expectations and renewed fears of a U.S. More...

By Crish On Wednesday, January 20th, 2016
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RIL’s net profit up 38% at record Rs 7,290 cr in Q3

The consolidated revenue of the company however stood at Rs 68,261 crore, down 27 per cent year-on-year. (Photo: Reuters) Mukesh Ambani led Reliance Industries Ltd (RIL) on Tuesday posted record net More...

By Crish On Wednesday, January 20th, 2016
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UPDATE 1-Indian rupee hits more than 2-year low; cenbank intervenes

* Rupee hits more than two-year low at 67.01/dlr * Rupee may weaken to 67.50 close to Fed meet – traders * Fed fears weigh on India; shares fall (Updates with quotes, details, background) By Neha Dasgupta MUMBAI, More...

By Crish On Wednesday, January 20th, 2016
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Indian state-run banks likely sold dollars to stem rupee fall – traders

Jan 4 India’s state-owned banks likely sold dollars on behalf of the Reserve Bank of India to prevent the local currency from weakening further, three FX traders told Reuters on Monday. State-owned banks were More...

By Crish On Wednesday, January 20th, 2016
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Reliance ups quarterly profits on high GRM

Reliance Industries chairman Mukesh Ambani (Photo: Reuters) Reliance Industries (RIL), India’s largest private sector company, has recorded an operating profit (before other income and depreciation) More...

By Crish On Wednesday, January 20th, 2016
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Ecommerce giants to host Republic Day sale

India’s leading online shopping websites are back with the festive sale. All the three leading ecommerce websites – Amazon, Flipkart and Snapdeal – are gearing up for the Republic Day sale. Flipkart More...

By Crish On Wednesday, January 20th, 2016
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Global – U.S. stocks falter; oil fears spoil China enthusiasm

Traders work on the floor of the New York Stock Exchange January 19, 2016. REUTERS/BRENDAN MCDERMID U.S. stocks pared gains on Tuesday amid a renewed drop in oil prices, giving up most of an early rally that More...

By Crish On Wednesday, January 20th, 2016
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Morgan Stanley looks to move jobs to cheaper cities in bid to cut costs

The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in the Manhattan borough of New York City, January 20, 2015. REUTERS/MIKE SEGAR Morgan Stanley will More...