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India
Sensex slumps 102 points on profit-booking, weak overseas cues
The benchmark Sensex fell almost 102 points and the NSE Nifty cracked below the 7,700-level in early trade today as investors booked profit in recent gainers amid weak Asian cues. The index had risen over 653 points in the previous three sessions.
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India
Sensex slumps 102 pts on profit-booking, weak overseas cues
The benchmark Sensex fell almost 102 points and the NSE Nifty cracked below the 7,700-level in early trade today as investors booked profit in recent gainers amid weak Asian cues. The index had risen over 653 points in the previous three sessions.
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India
Mumbai bank passes proposal to write off Rs 260.47 crore in bad loans
Though many questions have been raised and against Mumbai Bank's proposal to write off Rs 260.47 crore, 98.8 per cent of which benefits 13 sugar factories run by politicians, the Bank today passed the proposal unanimously at a Special General Meeting (SGM).
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India
Uber drags Ola to court over 'false bookings'
Cab aggregator Uber filed a petition in Delhi high court accusing arch-rival Ola's employees of disrupting its business by creating over 93,000 false rider accounts using Uber's platform and using them to register over 4 lakh fake bookings only to cancel them at the last minute.
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India
Ex-Flipkart duo will start health venture
Two of the most high-profile Flipkart executives - Mukesh Bansal and Ankit Nagori, who left the e-commerce major last month amid a sudden shakeout in the company - are gearing up to launch a new venture in the healthcare and fitness space.
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Giappone
Rooftop solar booms in Japan as market moves beyond utilities
Japan’s home rooftops are emerging as the next hot spot in what for years has been one of the biggest solar markets in the world, marking a move beyond the utility-scale projects in rich industrial nations that have fueled most of the industry’s growth. Because of the change, Japan may ...
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Giappone
NTT board to discuss Perot bid this week
The board of Nippon Telegraph & Telephone Corp. is planning this week to discuss a proposed takeover of Dell Inc.’s Perot Systems division, according to two people with knowledge of the matter. The board of Japan’s biggest phone company will discuss issues including a price range its NTT Data Corp. ...
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Giappone
BOJ’s newest board member Sakurai to cement Kuroda’s majority
The Diet approved Makoto Sakurai as a Bank of Japan board member Wednesday, a move expected to strengthen Gov. Haruhiko Kuroda’s support on the board. Sakurai is an international finance researcher with ties to reflationalists such as Koichi Hamada, an adviser to Prime Minister Shinzo Abe. He was confirmed by ...
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Giappone
Nobel laureate Krugman calls for tax hike delay, stimulus measures
Nobel-winning U.S. economist Paul Krugman has urged Japan to hold off on a consumption tax increase planned for April next year and hammer out new stimulus measures to overcome deflation. “I would call for not hiking the consumption tax,” Krugman said Tuesday after a meeting with Prime Minister Shinzo Abe ...
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Giappone
France orders plain packaging for cigarettes; Japan Tobacco to appeal
France published a decree on Tuesday that requires cigarette manufacturers to introduce plain packaging by the end of the year. Japan Tobacco International immediately said it would challenge the measure. The publication of the decree was the culmination of government efforts launched in 2014 to require tobacco firms to sell ...