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India's factory PMI jumps to 8-month high in Jan
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India's manufacturing sector grew at its fastest pace in eight months in January as factory output surged the most on record on increased domestic and foreign demand, a business survey showed on Wednesday.[...More]
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IKEA, govt discuss FDI norms
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The CEO of Swedish furniture and home-ware retailer IKEA will visit India soon to hold discussions with officials on the rules set for the single brand retail sector and stressed that India remains an important market for the firm.[...More]
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Last-ditch move to push India-EU FTA?
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Prime Minister Manmohan Singh has convened a meeting of external affairs minister S M Krishna and commerce and industry minister Anand Sharma this week ahead of the India-EU Summit on February 10.[...More]
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HC order on CNT Act worries corporates
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The recent directive of the Jharkhand high court for strict implementation of the Chhotanagpur Tenancy Act (CNTA) has worried the corporate houses here.[...More]
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VAT conference turns ugly in Jamshedpur
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A conference convened on Monday by the state commercial tax department to discuss enhancement and amendments to VAT turned ugly when traders raised issues on the shortcomings in the system[...More]
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Haryana allows conversion of industrial plots, transfers industrial estates to HSIIDC
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In a significant move, the Haryana government has decided to allow conversion of industrial plots for non-industrial use, in industrial areas.[...More]
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DIPP told to set rules for FDI in power exchanges
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The government has set the ball rolling for foreign direct investment (FDI) in power exchanges.[...More]
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Last-ditch move to push EU FTA?
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Prime Minister Manmohan Singh has convened a meeting of external affairs minister S M Krishna and commerce and industry minister Anand Sharma this week ahead of the India-EU Summit on February 10.
[...More]
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Core sector growth slows to 3.1% in December
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The country's key infrastructure sector rose 3.1% in December, much slower than the previous month's revised 6.7% expansion, pointing to sluggishness in the industrial sector. [...More]
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Starbucks in deal with Tata Global Beverages; to open first cafe in India by August-September
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Starbucks Corp will open its first coffee shops in India in August or September, a year later than originally planned, and aims to have 50 outlets by year-end through a tie-up with the Tata group, the country's biggest business house.[...More]
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Pulses industry demands lifting ban on exports
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The pulses industry demanded the government to lift the ban on the export of pulses. The government imposed the ban on export of pulses some five years back.[...More]
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ASSOCHAM for steel product import duty hike
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Industry body ASSOCHAM Wednesday called for raising import duty on steel products from the prevailing five per cent to a minimum of ten per cent so that domestic manufacturers can withstand growing imports[...More]
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Retail, govt to drive enterprise IT spend in India: Gartner
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Information technology industry, which is spending sleepless nights following bleak forecasts for North America and Europe, has a reason to smile. Indian enterprise IT spending across all industries[...More]
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Auto, realty players seek rate cut
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Consumer industries like automobiles, white goods and real estate rejoiced the 50 basis point CRR (cash reserve ratio) cut by RBI, but said more needs to be done to spur demand.[...More]
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CRR cut will facilitate credit flow to industry
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Mr Dilip Modi, President of Assocham, has said that the step to reduce CRR by 50 basis points will give requisite impetus to industry to undertake capacity expansion and facilitate credit flow[...More]
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