Jaguar Land Rover sells record 583,313 cars in 2016
Uploading Date : 09-01-2017Britain's biggest carmaker Jaguar Land Rover (JLR) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade..............
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Agricultural growth to be better than in two previous years
Uploading Date : 07-01-2017The government’s preliminary estimate is that agricultural growth, in terms of Gross Value Added (GVA) at constant prices, should be higher in 2016-17 than the earlier two years, at 4.1 per cent.............
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GDP to grow slower at 7.1% in FY17; Note ban not factored in
Uploading Date : 07-01-2017India’s economy is forecast to grow 7.1% in the current financial year, a number that doesn’t incorporate the impact of demonetisation, suggesting that the final figure could be well below the 7.6% recorded last year. “We didn’t use bank deposits and credit data for November in estimates because demonetisation led to a high degree of volatility,” said chief statistician TCA Anant. “This is not an ordinary year. We are carefully watching the data.”.............
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United Bank of India slashes lending rate by up to 0.90 per cent
Uploading Date : 05-01-2017The bank's asset liability committee revised downwards the marginal cost of funds-based lending rate (MCLR) by 0.60-0.90 per cent across different tenures with effect from January 6.........
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Steel ministry seeks lower import taxes on key raw materials
Uploading Date : 04-01-2017Steel ministry wants lower import taxes on a number of key steelmaking raw materials, including nickel, to protect the domestic industry from the rising costs of basic resources, a senior government official said on Tuesday................
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HDFC cuts home loan rates by up to 0.45%; home loan rate up to Rs 75 lakh now at 8.7%
Uploading Date : 04-01-2017Taking cue from banks, country's largest mortgage lender HDFC today reduced its home loan rates by up to 0.45 per cent.Loans up to Rs 75 lakh will attract interest rate of 8.7 per cent per annum, while it will be 8.75 per cent for higher amounts, HDFC said in a statement..............
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Banks cut lending rates: How home-loan borrowers will benefit
Uploading Date : 03-01-2017For borrowers, the new year definitely started on a high note. Flushed with funds after demonetisation, banks have started reducing their lending rates. Punjab National Bank, the Union Bank of India and the State Bank of India (SBI) has already announced a cut in their benchmark lending rates............
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Slowdown in new investments post demonetisation: CMIE
Uploading Date : 03-01-2017Investments have fallen sharply post demonetisation, slipping to their lowest under the current Narendra Modi-led NDA government, data released by the Centre for Monitoring Indian Economy (CMIE) showed...........
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