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Lulu opens its first mall in India

Lulu opens its first mall in India

UAE based Lulu group on Sunday opened its first mall in India, constructed at a cost of Rs 1,600 crore, at nearby Edapally, Kochi,  in a 25 lakh square feet…

No instance of PNs being used for money laundering: FM

No instance of PNs being used for money laundering: FM

Finance Minister P Chidambaram said that the Sebi and the enforcement directorate have not come across any instance of Participatory Notes (PNs)– an instrument through which FIIs invest in Indian…

India-origin man is Nepal’s first billionaire: Forbes

India-origin man is Nepal’s first billionaire: Forbes

A Nepali businessman of Indian-origin has made it to the Forbes’ billionaire list, becoming the first man from the Himalayan nation to do so. Binod Chaudhary, 57, is the owner…

Rupee up 11 paise Vs dollar in early trade

Rupee up 11 paise Vs dollar in early trade

The rupee today appreciated by 11 paise to 54.75 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on selling of the US currency by exporters.…

Railway Minister rules out further hike in freight tariff

Railway Minister rules out further hike in freight tariff

Railway Minister Pawan Kumar Bansal ruled out any further hike in freight tariff after the latest increase in diesel price by Rs 1 for bulk consumers. “The Rs 1 hike…

Mobile phones above Rs 2,000 set to cost more

Mobile phones above Rs 2,000 set to cost more

Mobile phones are set to become costlier with Finance Minister P Chidambaram raising excise duty to six per cent on handsets priced above Rs 2,000 in Budget 2013-14. “About 70…

Jet Airways down over 3% on bourses

Jet Airways down over 3% on bourses

Shares of Jet Airways today tanked more than 3 percent amid investor concerns whether its stake-sale deal with Abu-Dhabi based carrier Etihad would materialise. According to media reports, fresh hurdles…

Ten billionaires in Gulf Indians rich list: Survey

Ten billionaires in Gulf Indians rich list: Survey

The Gulf Cooperation Council (GCC) countries have 10 Indian billionaires, according to a new survey. According to the first-ever GCC Indian Rich List published by financial weekly magazine ‘Arabian Business’,…

Google chairman to sell USD 2.5 bn of shares

Google chairman to sell USD 2.5 bn of shares

Google’s Chairman Eric Schmidt plans to sell 3.2 million “A” shares, currently worth USD 2.5 billion, over the next year, Google has said in a filing with the Securities and…

Rupee continues slide against dollar; down 29 paise

Rupee continues slide against dollar; down 29 paise

The rupee continued to slide against US dollar this morning, down 29 paise at 53.51 on persistent demand for the American currency from banks and exporters as it gained in…