Wednesday December 13-Dec-2017 As of 10:37 AM IST
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Microsoft to acquire Nokia's handset business for $7.2bn
Helsinki: Microsoft Corp on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros, and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed. Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from smartphone makers such as Apple and Samsung.  Analysts say Elop's bold bet in 2011 to adopt Microsoft's untested Windows P

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Economic woes: Montek rules out knocking IMF door
New Delhi: Hit by a currency crisis and poor growth, India on Saturday ruled out approaching the International Monetary Fund (IMF) for assistance, saying the economic situation has not reached a point where outside help is warranted. Planning Commiss

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Royal Enfield to launch Continental GT in UK
Chennai: Royal Enfield, a part of the Eicher Motors Group, will launch its new model Continental GT in the UK next month as it looks to tap global customers in the mid-sized motorcycle segment. The company will also increase its total motorcycle prod

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Indian brokers fined for Reliance GDR manipulation
London: British regulator FCA today fined an India-origin broker and two others in a case of financial market manipulation here by an Indian businessman in securities of Reliance Industries Ltd. While a 6 million pound (Rs 56 crore) fine has already

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Aviva may say bye-bye to India
New Delhi:  UK-based financial services major Aviva Plc is reportedly planning to exit from its over 10-year old Indian joint venture life insurance company with diversified FMCG player Dabur. Aviva is reportedly in the process of hiring corpora

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Goldman Sachs downgrades India, says rupee can hit 65 to dollar
New Delhi: Global investment bank Goldman Sachs has downgraded India to "underweight" saying growth recovery remains elusive. "Recent activity data in the second quarter of 2013 has been sluggish with no signs of a pick-up in investmen

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TCS acquires France's Alti SA for Rs. 530 cr
 Tata Consultancy Services (TCS) on Wednesday said it has completed the acquisition of French enterprise solutions provider Alti SA, a move that will help the  IT company of Tata Group to expand its reach in Europe. The acquisition gives t

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Canít meet 30% local sourcing norms in India: Walmart
New Dehil:The world’s largest retailer, Walmart, has said it will not be able to meet the minimum-sourcing clause mandated under multi-brand retail foreign direct investment (FDI) rules that requires multinational retailers to procure at least

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India ranks top in Dubaiís food import partners
 DUBAI: India has been ranked the first among Dubai's food import partners with a share of 14 per cent, amounting to over Rs 9500 crores, according to some reports.  Dubai's food foreign trade increased over the past

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