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Havells likely to buy Lloyd Electric’s consumer business for Rs 1500 crore, to get toehold in room AC segment

Havells India is in advance negotiations with Lloyd Electric and Engineering Limited to acquire its consumer durables business for around Rs 1200 -1500 crore, to get a toehold in the fast growing Indian air conditioners market that

Reliance Communication to seal 3 deals, including Aircel merger, by mid-2017

Reliance Communication (RCom) expects to complete three proposed deals, including a merger with Aircel, by the middle of 2017. The Anil Ambani-led telecom company agreed to sell a 51% stake in Reliance Infratel, the company’s tower unit,

Highlights Of Union Budget 2017-18

Major Highlights of Union Budget 2017: Total Budget of ₹ 21.47 Lakhs crores for 2017-2018. Increase in Direct Tax collection by 34% after demonetisation. Holding period for LTCG for Land & Building reduced to 2 years. Carried

Improving financial parameters buoy India’s economic outlook

The overall financial environment for the Indian economy are favourably poised – with the low cost of funds, strong liquidity, better external financial linkages and uptick in economic activity – signalling a positive outlook with signs of firm improvement in

India’s inflation target set at 4% till 2021

Supporting the inflation-fighting policies championed by the outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan, the government has fixed India’s annual inflation target at 4 per cent for the next five years. The NDA government has

Uptick in services lift India’s growth outlook

The pace of activity in India’s service sector has witnessed a significant uptrend, touching a three-month high in July, underpinned by an upturn in demand, signalling a pickup in Asia’s third biggest economy. According to Markit Economics report, Nikkei

E-commerce poised to create 12 mn new jobs in India

The Indian e-commerce industry is poised for a big leap in the coming days and is expected to lend a helping hand to the country’s employment landscape which aims to create 24 million jobs in the next

India riding high on the path of financial inclusion

With the progress of the Indian economy, especially when the focus is on the achievement of sustainable development, financial inclusion is expected to bring a significant change in the Asia’s third biggest economy. According to a report

Soaring inflation dampens India’s rate cut hopes

With retail inflation soaring in the country, the odds of an interest rate cut by the Reserve Bank of India (RBI) at its forthcoming monetary policy meet in August have diminished. According to the data released by

Weather gods to lift India’s economic growth

The favorable dark clouds are crucial to the Indian economy as it will stimulate the agricultural production and rural demand, thereby providing a major boost to Asia’s third biggest economy in this fiscal year. According to the