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IKEA store attracts 40000 customers on first day

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Hyderabad: About 40,000 people visited IKEA`s first India store on the opening day here , a company spokesperson told IANS.

The world`s leading Swedish home furnishings retailer received huge response from customers on Thursday.

The spokesperson, however, declined to share the numbers relating to the business transacted on the first day.

However, the respon

Mukesh Ambani topples Alibabas Jack Ma to become Asias richest person

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Reliance Industries Ltd (RIL) Chairman Mukesh Ambani became the richest Asian on Friday, pushing Alibaba Group founder Jack Ma to the second spot, according to a report by Bloomberg.

The market valuation of Reliance Industries surged past Rs 7 lakh crore mark during Friday morning trade, as Ambani positioned his company to disrupt the e-commerce space in India.

H

Mukesh Ambani reappointed Reliance Chairman for 5 more years

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New Delhi: Shareholders of Reliance Industries have approved giving Mukesh Ambani another five years as the Chairman and Managing Director of the company. Ambani, 61, has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002.

The company p

JioGigafiber JioPhone 2 Major announcements made at RILs 41st AGM

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Reliance chief Mukesh Ambani has announced the launch of JioGigafiber, the conglomerate's foray into the broadband sector. He has promised to make JioGigafiber the latest market disruptor from the Reliance stable, following the launch of Reliance Jio mobile phone services two years ago. 

Announcing the launch of JioGigafiber, Ambani said, "We will now ext

India to hike tariffs on 29 US goods from August 4 All you want to know

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New Delhi: India has decided to raise customs duty on 29 products, including almond, walnut and pulses, imported from the US as a retaliatory action against the tariff hike by Washington.

The 'tit-for-tat' duty hike decision by India is similar to that of European Union and China which decided to levy higher import duties on a variety of US products in retaliat

PM Modi seeks double-digit GDP growth raising Indias share in world trade

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New Delhi: Prime Minister Narendra Modi on Friday spoke of targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India's share in world trade has to be doubled to 3.4 percent.

Speaking after laying the foundation stone of a new office complex of the Ministry of Commerce here, he said his government has in four years taken step

Have you linked your PAN card with this important document June 30 is the last date

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New Delhi: The government has made quoting of Aadhaar mandatory for filing income tax returns (ITRs) as well as obtaining a new PAN. If you have not yet done the PAN-Aadhaar linking, you have less than 10 days for doing so.

The CBDT has extended the deadline for the PAN-Aadhaar linking to June 30. This is the fifth extension given by the government for individuals to l

India hits back at US with higher import duties on farm steel products

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Kolkata: West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee on Thursday called the Bharatiya Janata Party (BJP) a "militant organisation," engaged in dividing people along religious lines and dared it to attack her party.

Banerjee, a known critic of the saffron party, also alleged that the BJP was manipulating EVMs to increase its vote

India posts 77 GDP growth in Q4 highest since demonetisation

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New Delhi: Indian economy grew at 7.7 percent during January-March quarter (Q4) of financial year 20171-18 compared to 6.1 percent a year ago, driven by gains in manufacturing and consumer spending, Central Statistics Office data showed on Thursday.

However, the GDP growth for the entire fiscal of 2017-18 was at 6.7%, lower than 7.1 percent in 2016-17. The surge in oil

Petrol diesel prices touch all-time high as oil companies hike rates

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New Delhi: Petrol price on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers.

Petrol price on Sunday increased by 33 paisa a litre in Delhi - the highest since the daily price revision came into force in mid-June 201

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