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As with the first plant, the second plant will also be owned and operated by Foxconn to manufacture phones exclusively for Xiaomi.

Xiaomi estimates 25 per cent sales via off-line model

Right now, Xiaomi's sales are 10 per cent (off-line) and 90 per cent online.

7 Jun 2017 6:50 PM IST

RBI governor Urjit Patel

Note ban didn't impact growth; need clarity on inflation: RBI

RBI has revised down its estimate on inflation projection to 3.5-4.5 per cent.

7 Jun 2017 6:22 PM IST

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RCom disagrees with Moody's and Fitch ratings

RCom said the agencies' views apply only on its USD 300 million bonds, which are being serviced regularly.

7 Jun 2017 6:19 PM IST

Reserve Bank of India

India Inc unhappy with RBI's stance on repo rate

It is clear that the RBI has chosen to remain over- cautious about the inflation outlook.

7 Jun 2017 5:55 PM IST

The new version will enable Trai to obtain test data from users in all parts of the country, without any action by users.

Trai to meet telcos next week on sector's financial stress

Key demands of the industry including reduction of licence fee and spectrum charges have already been favoured by the...

7 Jun 2017 5:44 PM IST

Three municipal corporations have already submitted proposals to the state government for de-notification of state highways.

Transfer of IISWC land in Gujarat to NHAI gets Cabinet nod

The decision is also part of the government's plans to boost infrastructure in key sectors for accelerating the pace of...

7 Jun 2017 5:25 PM IST

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Future group to consider divestment option

The company said its board has given in-principle approval for considering various divestment options.

7 Jun 2017 5:22 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex rises up by 81 points post RBI's decision

The Reserve Bank maintained status quo on policy rates, resulting in gains for rate-sensitive sectors like banking,...

7 Jun 2017 5:03 PM IST

Reserve Bank of India

RBI marginally lowers economic growth forecast

The economic growth forecast for the current fiscal is lowered to 7.3 per cent.

7 Jun 2017 4:47 PM IST

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Govt says yes to India-Cyprus merchant shipping deal

The pact is aimed at enhancing cooperation between the two nations for sea trade development.

7 Jun 2017 4:37 PM IST

RBI governor Urjit Patel

Farm loan waivers risk fiscal slippages, inflation: RBI

About 1.07 crore farmers with less than five acres of land would be eligible for it.

7 Jun 2017 4:17 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

GST rate on paints means no gain, no loss

It is no-loss no-gain situation for the paints industry. At the existing rate structure, taxes on paints come to just...

7 Jun 2017 4:15 PM IST