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Economic activity in New Zealand improved during the June quarter but is at risk from a slowdown in the Australian economy, continued deleveraging by households and a high New Zealand dollar, the New Zealand Institute of Economic Research (NZIER) says. Short-term inflation pressures remained soft as...
Beginning of Story Content The federal government announced the winning bids on Monday for oil and gas exploration in Canada's north. The Northern Oil and Gas...
Mumbai, July 4: A private equity arm of Standard Chartered today bought close to 10 per cent of Redington India from its promoter and another key investor for a sum of over Rs 365 crore. These shares were acquired from Redington Mauritius, classified as the company's promoter with the stock...
New Delhi, July 4 (PTI): In a setback to Aditya Birla group firm Idea Cellular, Delhi High Court today said the six licences of Spice Communications would not be transferred to Idea, which acquired it in 2008, as the company did not comply with the licence and merger guidelines. The court also...
New Delhi, July 4: Cash-strapped Air India has again urged the government to clear its dues on account of VVIP and evacuation flights to enable it to pay salary to its staff. The government has already paid Rs 250 crore to the ailing national carrier for plying flights for VVIPs and to evacuate...
Calcutta, July 4: The Mahindras are planning to relaunch the Stallio bike, which was mothballed following a technical problem. Mahindra 2 Wheelers, a wholly owned subsidiary of the $12.5-billion Mahindra Group, is looking to relaunch the Stallio at the end of this year and is working towards...
New Delhi, July 4: Foreign direct investments in the country more than doubled to $4.66 billion in May from $2.21 billion a year earlier, indicating investors' confidence in the Indian economy. The investment, the government said, was the second highest monthly inflow in 11 years, and the upward...
Mumbai, July 4: The Reserve Bank of India today imposed a penalty of Rs 25 lakh on Citibank for last year's Rs 400-crore fraud at its Gurgaon branch perpetrated by a rogue official who was handling the accounts of the bank's high net worth clients. According to the central bank, Citibank contravened...