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Amazon Great Indian Sale starts: From iPhone 7 to Kindle, here are the top deals and offers available

Amazon Great Indian Sale starts: From iPhone 7 to Kindle, here are the top deals and offers available

Amazon India has kicked off its sale season of 2017. The 4-day ‘Great Indian Sale’ has started and will run until May 14. Meanwhile, Flipkart will follow with a similar sale from May 14 to May 18 to mark its 10th anniversary. This sale by Amazon comes after September-October in 2016, which was held in the festival season on Dussehra and Diwali. Ever since the government put up guidelines in 2016, where it capped the sales by a single seller on marketplaces at 25 percent, the number of sales have reduced.

India to import LPG from Iran to meet rising demand

India to import LPG from Iran to meet rising demand

India has for the first time ever signed a contract to import LPG from Iran as it looks at additional sources of cooking fuel to meet rising domestic demand. State-owned oil firms will import one very large gas carrier (VLGC), or 44,000 tonnes, per month for an initial six-month period, industry sources said. India imports almost a million tonnes of LPG every month to meet rising demand that has been further fuelled by the government drive to give free gas connections to poor women. LPG consumption in 2016-17 rose 9.8 per cent to 21.55 million tonnes. Of this, 11 million tonnes came from imports.

From Rail Vikas Nigam, IRCTC to HAL, government may line up a number of IPOs this year

From Rail Vikas Nigam, IRCTC to HAL, government may line up a number of IPOs this year

Following the launch of initial public offering (IPO) of Hudco, after a five-year drought of PSU listings, the government is readying a series of IPOs by state-run firms. Hindustan Aeronautics(HAL), Cochin Shipyard, General Insurance (GIC Re) and New India Assurance (NIA) are among the firms that are likely to hit the market in the current fiscal.

Easing crude prices good for India’s inflation, GDP growth: SBI Research

Easing crude prices good for India’s inflation, GDP growth: SBI Research

Average crude oil prices will be around USD 45 for the next half of this year and this, coupled with positive macro fundamentals, could translate into better growth numbers for the country, says a report. According to SBI Research’s Ecowrap report, the easing of crude oil prices will have positive effect not only on inflation but also on GDP growth.

“Past trends indicate that low oil prices lift global growth (and subsequently domestic growth) significantly,” the report said. During 2003-2006, when average Brent crude was USD 47 per barrel, the global GDP growth was 5 per cent (average) and India’s average growth was at 8.6 per cent, it said.

Sensex opens at all-time high of 30,346.69, Nifty scales new peak

Sensex opens at all-time high of 30,346.69, Nifty scales new peak

The BSE Sensex continued with its record setting spree to quote at an all-time high of 30,346.69 while the NSE Nifty scaled a new peak of 9,450.65 in opening trade on Thursday on sustained fund inflows, largely driven by forecast of a normal monsoon, amid positive Asian cues. The 30-share index rallied by 98.52 points, or 0.32%, to hit a new peak of 30,346.69, breaking its previous record of 30,271.60 points (intra-day) touched in Wednesday's trade.

Maruti Suzuki starts bookings for new Dzire at 2,000 dealerships for Rs11,000

Maruti Suzuki starts bookings for new Dzire at 2,000 dealerships for Rs11,000

New Delhi: India’s largest carmaker Maruti Suzuki India Ltd has commenced bookings for its all-new Dzire compact sedan at over 2,000 dealerships across the country.

The booking amount of the new Maruti Suzuki Dzire is Rs 11,000.

ED to base Vijay Mallya extradition case on money laundering charges

ED to base Vijay Mallya extradition case on money laundering charges

Mumbai: The Enforcement Directorate (ED) will file a supplementary request to extradite billionaire Vijay Mallya from the United Kingdom and will base its case on evidence of money laundering, said two people with direct knowledge of the matter, including an official from the investigative agency.

Bharti Airtel Q4 profit falls 72% amid Reliance Jio onslaught

Bharti Airtel Q4 profit falls 72% amid Reliance Jio onslaught

New Delhi: Bharti Airtel Ltd reported a 72% drop in quarterly profit on Tuesday, missing analysts’ estimates, as free voice and data services offered by Reliance Jio Infocomm Ltd until 31 March undercut rivals and forced them to slash tariffs to retain customers.

Net profit fell to Rs373.4 crore in the three months ended 31 March from Rs1,319.2 crore in the year earlier, the company said. A Bloomberg poll of 15 analysts expected Airtel to report Rs542.5 crore in profit.

International Court of Justice stays Kulbhushan Jadhav’s hanging

International Court of Justice stays Kulbhushan Jadhav’s hanging

New Delhi: The International Court of Justice on Tuesday stayed the execution of Indian national Kulbhushan Jadhav, who has been sentenced to death by a Pakistani military court on charges of “spying”.

The order by the Hague-based International Court of Justice came a day after India approached it against the death sentence to Jadhav by Pakistan’s Field General Court Martial last month.

Pakistan rakes up Kashmir issue at OIC meeting with UN Chief

Pakistan rakes up Kashmir issue at OIC meeting with UN Chief

Pakistan has raised the issue of Kashmir with UN Secretary-General Antonio Guterres, calling for a peaceful settlement with India in a meeting of the Organisation of Islamic Cooperation, sources said.

Pakistan’s Ambassador to the UN Maleeha Lodhi underscored the need to address the deteriorating situation in Kashmir during the over hour-long meeting at the world body’s headquarters on Monday between OIC ambassadors with the UN Secretary-General.

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