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Facebook secures $6.5 billion revolving credit from JP Morgan

Monday, 19 Aug 2013 | PTI | New Delhi

Social networking giant Facebook has tied up with JP Morgan Chase Bank for a revolving credit facility worth up to $6.5 billion, which would be utilised towards capital expenditure and general corporate purposes. In a revolving credit facility, the bank guarantees an amount that can be lend to consumer or corporates....

DoT to soon place proposed amendments to Trai Act before TC

Monday, 19 Aug 2013 | PTI | New Delhi

Department of Telecom is soon expected to place before Telecom Commission the proposed amendments to the Trai Act that seek to empower the sectoral regulator to penalise service providers. “We have finished inter-ministerial consultations on amendment to the Trai Act. The draft amendments will be first placed before Telecom Commission,...

DHL walkout likely to hit JLR factories in Britain

Monday, 19 Aug 2013 | PTI | London

Workers delivering auto parts to Tata Motors-owned Jaguar Land Rover (JLR) factories in the UK are expected to unveil a walkout plan next week. Logistics firm DHL has been holding talks with the staff union, which is now expected to give notice of industrial action on Tuesday.According to The Sunday Times,...

Reliance group forays into agriculture insurance biz

Monday, 19 Aug 2013 | PTI | New Delhi

Private sector insurer Reliance General has forayed into agriculture insurance business, with products giving financial protection from vagaries of weather to crops sown by farmers across the country. The products include weather as well as yield-based insurance schemes and follows the mandate given in this regard by the central Government and...

Consumer durable companies to hike prices this festive season

Monday, 19 Aug 2013 | PTI

New Delhi, Aug 18 (PTI) This festive season will be an expensive one for those looking to buy consumer durables with companies planning a fresh round of price hike of up to 5 per cent to offset impact of weak rupee and additional cost to comply with changes in energy...

IT, pharma, agri pop up on MF radars as mkt dives

Monday, 19 Aug 2013 | PTI | Mumbai

With equities market in a turmoil on concerns about more capital control measures, fund managers are of the view that stock picking in sectors that have sound export prospects and less regulatory interventions will be the right strategy to go ahead. “Given the current environment, stock picking across sectors will be...

33 brokers seek Sebi nod for equity derivatives trade

Monday, 19 Aug 2013 | PTI | New Delhi

With a vast majority of stock market trading taking place in futures and options segment, at least 33 entities have sought Sebi’s approval to operate as brokers on equity derivative platform of various exchanges. According to details available with the capital market regulator Securities and Exchange Board of India (Sebi), 68...

NSEL investors to wait till Tuesday before seeking legal remedy

Monday, 19 Aug 2013 | PTI | Mumbai

Investors hit by the payment crisis at beleaguered National Spot Exchange (NSEL) are keenly awaiting the first payout by the exchange on Tuesday before deciding on taking any legal recourse. “All investors are concerned about the ability of NSEL to pay up as the payout schedule is vague. We will...

..payment crisis to be discussed in Parliament this week

Monday, 19 Aug 2013 | PTI | New Delhi

The payment crisis at National Spot Exchange Ltd (NSEL) will be discussed in Parliament this week as members have raised concern over possible default of Rs 5,600 crore due to investors. “A member has given a notice for moving the Calling Attention Motion on the NSEL issue in Parliament. The notice...

Biz practices, risk mgmt quality top insurance sector risks: PwC

Monday, 19 Aug 2013 | PTI | New Delhi

Institutional risks such as business practices and quality of risk management are among the top risks that the Indian insurance industry at present faces, says consultancy firm PwC. According to a biennial survey of insurance risks conducted by CSFI (Centre for the Study of Financial Innovation) and PwC, besides, business...


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I am with you, Pawar tells victims of social media trolls

15 Oct 2017 | IANS | Mumbai

Coming out in support of young victims of social media trolls, Nationalist Congress Party (NCP) President Sharad Pawar on Saturday exhorted them to speak out against the wrong policies of the Government and oppose growing incidents of intolerance and fascism across India. In an unique initiative, Pawar met around 35 youngsters who have been threatened on social media and/or booked by police for speaking out their minds against the Government and...

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Sahitya Academy to tune in Diwali Pahat

18 Oct 2017 | Staff Reporter | Bhopal

Madhya Pradesh Marathi Sahitya Academy, along with Directorate of Culture, will organise musical event ‘Diwali Pahat’, to celebrate Diwali at Ganesh Temple on Wednesday at 6.30 am...

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