Tata Sons Buys Shares Worth Rs. 3,200 Crore In Three Group Firms

Tata Sons on Tuesday raised stakes in three group firms -- Tata Motors, Tata Chemicals and TGBL -- buying shares worth over Rs. 3,200 crore. Tata Sons has been on a drive to reduce cross-holdings within the group under the new Chairman N Chandrasekaran, as part of restructuring its investment portfolio....

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Swiss Shut Down ‘Fake’ E-Coin In Latest Cryptocurrency Crackdown

Switzerland's financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.The move by the FINMA watchdog comes on the heels of Chinese authorities'...

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EB-5 Visa Major CanAm To Open Offices In India As Demand Jumps

With Indians expected to emerge as major applicants for the EB-5 visa to get permanent residency in the US, CanAm Investor Services, one of the leading provider of this immigration-linked investment programme, is planning to set up operations here.The firm is expecting to raise $100 million from Indian...

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Instagram is the new marketplace for India’s social media savvy entrepreneurs

For the enterprising and social savvy Indian, the picture-sharing social media app Instagram has emerged as one of the newest frontiers of business. Little wonder then, that ace couturier Sabysachi Mukherjee skipped India Couture Week in July this year to launch his collection on Instagram. It was a bold...

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US Restarts Premium Processing Of H-1B Work Visas

The US has resumed fast processing of H-1B work visas in all categories subject to Congress-mandated limit, five months after it was suspended temporarily to handle the huge rush of applications for the work visas popular among Indian IT professionals. The H-1B visa is a non-immigrant visa that allows...

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World’s Biggest Wealth Fund Hits $1 Trillion Value For First Time

Norway's sovereign wealth fund, the largest in the world, today reached the value of $1 trillion for the first time, the Norwegian central bank, which manages the fund, said.This amount equals nearly $189,000 (157,000 euros) for each of the 5.3 million people living in Norway.Established in the 1990s...

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Malabar Gold & Diamonds gets prestigious ‘Superbrand’ award 5th time in a row

Malabar Gold & Diamonds Group has won the coveted 'Brand of the Year' award at the 13th annual Superbrands tribute event, which was held in Dubai.With more than 2,000 leading brands in the UAE vying for the coveted Superbrands title, only 64 scored more than 80 per cent of the total possible mark...

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India’s Foreign Exchange Reserves Hit $400 Billion For First Time

India's foreign exchange reserves crossed the $400 billion mark for the first time ever, strengthening hopes that the country will be able to withstand an expected reduction in stimulus by US central bank later in the year. The country's forex reserves surged by $2.604 billion to reach an all-time high...

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‘How Kanjoos Are You?’ CEO Reveals Why Office Building Had Paan Stains

Gaming business is no child’s play and who would know it better than Alok Kejriwal, the founder and CEO of online gaming portal Games2win! Mr Kejriwal, who is also seen on reality show MTV Dropout, actually dropped out of his family business to pursue his dreams. Mr Kejriwal in a Twitter post on Tuesday...

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Chandra looks to cut off Tata Tele connection

Tata Group chairman N Chandrasekaran is evaluating the option of winding down the mobile services business, Tata Teleservices (Tata Tele), after attempts to sell the beleaguered unit failed, people directly aware of the matter said. If the group goes ahead with its plan, it will be the first major Tata...

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