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5 million used cars will be traded every year by 2020, says Vinay Sanghi, CEO, Cartrade.com | Latest News & Updates at Daily News & Analysis

5 million used cars will be traded every year by 2020, says Vinay Sanghi, CEO, Cartrade.com - When Vinay Sanghi left Mahindra First Choice Wheels in 2009, he had a fair idea what he was going to do next. With almost two decades of experience in the automobile industry, he had figured out that the growing middle class and urban population in India would not only buy cars, but would need a platform to sell the used cars as well to move on to newer models. And those who would be new entrants in the...

dnaindia.com

56 mn ago

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Modi may decide on India's stand at WTO today

Prime minister Narendra Modi will take a final call on India's position on the ongoing talks at the World Trade Organization (WTO) as early as Tuesday even as New Delhi appeared unrelenting in its demand to finalize a deal that addresses its food security concerns in return for a trade facilitation agreement.

indiatimes.com

6 hrs ago

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indiatimes.com

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India most optimistic consumer market

India most optimistic consumer market - Nielsen - More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday. That helped push global consumer confidence up in the second quarter to its highest since the first quarter of 2007, according to the survey by global information and insights company Nielsen. India overtook Indonesia as the most optimistic consumer market, while Portugal and Slovenia were the most pessimistic.

dnaindia.com

56 mn ago

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Rupee up 8 paise against dollar in early trade on July 22 | Latest News & Updates at Daily News & Analysis

Rupee up 8 paise against dollar in early trade on July 22 - The rupee recovered by 8 paise to 60.22 against the dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters amid sustained foreign capital inflows. The local currency had shed two paise to close at over one-month low of 60.30 per dollar yesterday on fag-end demand for the American currency from banks and importers.

dnaindia.com

3 hrs ago

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Sensex shows positive gains by 119 points on fund inflows, corporate earnings | Latest News & Updates at Daily News & Analysis

Sensex shows positive gains by 119 points on fund inflows, corporate earnings - Continuing its winning streak for the six session in a row, the benchmark BSE Sensex today rose over 119 points in early trade on encouraging corporate earnings and sustained foreign capital inflows coupled with a firming trend on other Asian bourses. The 30-share index, which had gained 708 points in the previous five sessions, gathered another 119.33, or 0.46 %, to 25,834.50. All the sectoral indices, led by...

dnaindia.com

3 hrs ago

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Telecom stocks gain on spectrum rules, Idea results | Latest News & Updates at Daily News & Analysis

Telecom stocks gain on spectrum rules, Idea results - Market Eye - Shares in telecom operators gain after Idea Cellular's (IDEA.NS) April-June profit beat estimates and after the sector regulator issued guidelines for mobile phone spectrum sharing between carriers that is seen benefiting the bigger incumbents. Idea Cellular's shares jumped after first-quarter profit rose 57 % to 7.28 billion rupees ($120.8 million), beating consensus estimates due to a rebound in voice as well as data...

dnaindia.com

1 hr ago

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Acche Din? India is the most optimistic market for job prospects, shows Nielsen study | Latest News & Updates at Daily News & Analysis

Acche Din? India is the most optimistic market for job prospects, shows Nielsen study - More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday. That helped push global consumer confidence up in the second quarter to its highest since the first quarter of 2007, according to the survey by global information and insights company Nielsen. India overtook Indonesia as the most optimistic consumer market, while Portugal and...

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1 hr ago

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Currency Corner: Indian stock markets should retain uptrend despite Iraq oil crisis

Militant insurgency and violence in Iraq have put the brakes on the great Indian stock markets rally. Investors are weighing in the potential impact of higher energy prices as the possibility of a supply disruption from the world's sixth biggest oil exporter is priced in global oil benchmarks. Both WTI crude and Brent crude are trading at 10 month highs with the spread between these two benchmarks having widened to $7 per barrel. India is the world's fourth largest importer of oil and imports...

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financialexpress.com

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Strides Arcolab acquires majority stake in Bafna Pharma | Latest News & Updates at Daily News & Analysis

Strides Arcolab acquires majority stake in Bafna Pharma - Bangalore-based Strides Arcolab, on Monday, said it has entered into an agreement with Chennai-based Bafna Pharmaceuticals to acquire majority stake of its branded generic business for a cash consideration of Rs 48.1 crore. The transaction is expected to close by end of September and is subject to customary closing conditions and statutory approvals.

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6 hrs ago

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