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India’s auto trade body has lowered the growth estimate for passenger vehicle sales in the next fiscal year to 11 percent from an earlier forecast of 12 percent, after the government raised taxes on car sales last month. In his annual federal budget, Finance Minister Arun Jaitley imposed a sales levy of up to 4 [...]

Preliminary estimates from Ireland’s central statistics office showed gross domestic product (GDP) increasing by 7.8 percent last year. In the fourth quarter, GDP increased by 2.7 percent on a seasonally adjusted basis on the previous three months. These results could be revised at mid-year. Dermot O’Leary, chief economist at Goodbody Stockbrokers in Dublin, had forecast [...]

After a steep correction over 12 per cent over the first two months of 2016, domestic equity markets bounced back on firm global markets and a budget that has reignited hopes of an interest rate cut by the Reserve Bank of India (RBI) in the immediate future. On a month-to-date basis, the BSE Sensex surged [...]

The BSE Sensex snapped 6-day rally on Thursday on account profit booking amid mixed cues from global counterparts. Investors also remained cautious ahead of Index of Industrial Production (IIP) data for January scheduled to be released on Friday. The 30-share index closed 170.62 points down at 24623.34, while Nifty 50-settled 45.65 points down at 7,486. [...]

To promote gender diversity across all management levels, top telecom operatorBharti Airtel has increased maternity leave for its women employees to 22 weeks from 12 weeks. This is in addition to flexible work options for working mothers to ensure a smooth transition to full working hours, the company said in a statement today. The company’s [...]

Stressing that the government was committed towards reforming the subsidy structure, Petroleum Minister Dharmendra Pradhan on Wednesday said that 83 lakh people had voluntarily given up their LPG subsidy so far. Answering a question about whether the government would accept the Kirit Parikh Committee’s recommendations on reducing subsidy burden, Pradhan said the Prime Minister had [...]

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