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Tuesday, April 18, 2017

Apr 18, 2017 - Rupee hits seasonality wall after best first quarter since 1975

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
If you were to look for one ingredient that binds together the America's chief executives, top managers and boards of directors, you'd find a remarkably consistent commonality, now and in generations past: A disproportionate number of them are graduates of Harvard Business School. An M.B.A. from H.B.S., as those in the know refer to it, has long been the ultimate Good Housekeeping stamp of approval on any resume. Jamie Dimon of JPMorgan Chase, Jeffrey Immelt of General Electric, Sheryl Sandberg of Facebook - and the list goes on and on. The number of Fortune 500 chief executives who earned their business degrees at Harvard is three times the total from the next most popular business school, the Wharton School at the University of Pennsylvania. It is hard to overstate the school's influence on corporate America. That's why a new, exhaustive history of the school is causing a stir before it is even out. The book, "The Golden Passport," by the veteran business journalist Duff McDonald, is a richly reported indictment of the school as a leading reason that corporate America is disdained by much of the country. More here.

Advertisers of the day
LODHA New Cuffe Parade: Launching LODHA Altia: A 44-storey new tower with lavish 1, 2 & 3 bed residences starting Rs 1.53 Cr
Hyatt Hotels: World of Hyatt. 

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Rupee hits seasonality wall after best first quarter since 1975

The rupee has declined in each of the last seven April-June quarters, with its performance often marred by a periodic increase in India’s gold demand

Advt: Lending solutions for all your long-term business needs

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Advt: Work for the best employer - Yourself
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How Infosys’s $20 billion revenue target by 2020-21 is hurting the firm

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Hopscotch in talks to raise $20 million

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After selling its Indian assets to Flipkart for a stake in it, what does eBay leave behind?

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Warburg Pincus planning to sell 10% stake in Capital First

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Daiichi Sankyo opposes Singh brothers’ bid to sell Religare Health Insurance

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Realty portal, which recently merged with PropTiger, aims to list 2 lakh homes in the next three months

AI start-up Innefu Labs raises $2 million from IndiaNivesh

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TCS shareholders approve Rs16,000 crore share buyback

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Too many life insurance policies are being dropped prematurely

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PSU stake sale: Government scouts for merchant bankers

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SBI says low credit growth, high GDP suggest decoupling

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Inditrade Capital begins microfinance business

Solapur is known for handloom and powerloom weaving industry providing employment to a large number of workers.There are around 6000 powerloom industries operational in the district.

Radhakishan Damani: His journey from Dalal Street punter, to long-term investor, to entrepreneur

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Amazon closing in on Flipkart as top India e-commerce site among mobile users, study says

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Salon chain Be U Salons raises Rs 4 cr in seed funding

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Paytm ties up with distributor of luxury labels in India, Genesis Luxury

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Berleigh launches flagship store in Mumbai

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Nykaa opens brick-and-mortar store in Mumbai

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One tenth of telecom tower workforce may lose jobs, marketing corporate offices most vulnerable

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Looking to partner telcos in India for smart appliances: LG

It's looking to address requirement for network provider, connect different appliances in household

Police ask telecom companies to suspend 3G and 4G services in Kashmir Valley

The decision was taken after several videos surfaced in recent days, some showing local politicians being threatened by terrorists in various parts of the Valley and others which showed alleged atrocities by Army, police, CRPF or other para-military forces deputed for Parliamentary bye-elections.

US telecoms industry set for M A negotiations frenzy

USA-TELECOMS/M&A (DEALTALK):DEALTALK-U.S. telecoms industry set for M&A negotiations frenzy

Telecom consolidation to bring more opportunities than than roadblocks: VMware India MD, Arun Parameswaran

In addition to telecom, VMware has a strong footprint in the BFSI sector helping banks make the digital transformation straddling legacy systems with the with new age systems.

Digital India: New security framework for mobile payments soon ...

NPCI wants to build new security standards for mobile payments to prevent any major loss of public money, a top official said.

Proposed RBI norms worry mobile wallets

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Jio has made these things easier in India

Airtel's free 4G data offer is likely to complete with Jio's latest freebie scheme.

Dabur plans call centre for ayurveda

Dabur, whose consumer approach is based on a range of products described as ‘natural, will have a call centre for ayurveda to advise buyers on health issues and prescribe drugs.

Nestle India rejects Rajasthan food regulator’s report on 'substandard' Cerelac

Cerelac Wheat was found to be substandard by the chief medical and health officer of Rajasmand district in Rajasthan in a report dated October 14, 2016.

FSSAI wants edible oil manufacturers to make small packs for rural India

“We are also requesting the government to see if there could be a differential duty on smaller edible oil packages," chairman of food products regulator in India said.

Hamdard taps youth with Rs 7000cr ready-to-drink segment

The company leveraged its existing strong summer drink concentra brand RoohAfza that generates about 40 per cent of the FMCG's topline close to Rs 700 crore.

Milk adulteration more in North India: FSSAI

To address this issue, the regulator has already developed a testing kit to check the quality of milk and is looking for investors for its bulk production.

FSSAI Develops Cheap Testing Kits To Check Milk Quality

The machines may be installed in Kolkata to start with and later in other big cities, Bahuguna said without disclosing the name of the company.

Home Food Spencer's Retail expands footprint in Vishakapatnam, opens 12896 sq.ft. store in city

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Now, Baba Ramdev's Patanjali opens 'Postik' restaurant in Chandigarh

Yoga Guru Baba Ramdev who had set up Patanjali Ayurved Limited in the year 2006 has now ventured into the restaurant business.

Should the govt hold stake in tobacco firms?

A group of individuals, some of whom run the Tata Trusts, have filed a case in the Bombay high court seeking the govt to relinquish its stake in tobacco firms

Nawal Sharma, President Head Business Transformation, Kwality Limited

With the imposition of GST, there would be ease of doing business in India as we do multiple indirect taxes and compliance costs would fall.

Punjab: Basmati prices up, but farmers fail to cash in

Farmers cannot wait to sell their crops in the wait of good price as they neither have heavy storage capacity nor enough money.

brands: Beer companies to collectively launch new brands in India

India to welcome about a dozen new beer brands

Assocham Wants Govt To Clarify GST For Ecommerce; Says Current Definition Too Wide & Vague

India’s leading association of traders and merchants, Associated Chambers of Commerce and Industry (Assocham) has complained that current definition and scope of e-commerce under Goods and Services Tax (GST) regime is ambiguous and unclear.

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