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Uber wins U S court appeal to push price-fixing case to arbitration

By Jonathan Stempel NEW YORK | Thursday, Aug 17 2017 IST

-Uber Technologies Inc today won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger's price-fixing case against t

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Quarterly headline inflation in first half to be between 2-3.5%: RBI

Mumbai |Thursday, 2017 7:15:04 PM IST

The Reserve Bank of India, in its second bi-monthly Monetary Policy Committee meeting, has projected quarterly average headline inflation in the range of 2-3.5 per cent in the first half of the year a

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RBI advises banks to make Aadhaar card linkage mandatory for crop loans

Mumbai |Wednesday, 2017 8:45:05 PM IST

The Reserve Bank of India (RBI) on Wednesday advised commercial banks to make Aadhaar cards linkage mandatory for farmers to avail short-term crop loans in 2017-18.

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Contrary stands by PM, RBI on black money recovered: Congress

New Delhi |Wednesday, 2017 8:15:04 PM IST

The Congress on Wednesday questioned Prime Minister Narendra Modi on the "contrary stands" being taken by him and the Reserve Bank of India (RBI) on the total amount of additional and black money that

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Post-demonetisation: PM, RBI giving contradictory statements: Azad

New Delhi | Wednesday, Aug 16 2017 IST

Reacting to Prime Minister Narendra Modi's claims of Rs three lakh crore getting into the banking system post-demonitisation, Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad today said that t

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Inflation to be below RBI's 4% target by March 2018: Economic Survey

New Delhi |Friday, 2017 2:15:05 PM IST

India faces the risk of deflationary impulses owing to stressed agricultural revenues, bad loans, farm loan waivers and the fiscal tightening they would entail, that could push inflation below the Res

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CAG criticises REC, PFC for not following RBI norms on loans to pvt firms

New Delhi | Friday, Aug 11 2017 IST

Criticising state-run Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) for sanctioning loans to independent power producers without following internal guidelines and RBI rul

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7.5% growth difficult in FY18, scope for RBI to lower rates: Economic Survey (Roundup)

New Delhi |Friday, 2017 7:45:04 PM IST

The economy is unlikely to achieve the targeted 7.5 per cent growth in the current fiscal due to deflationary pressures, which creates considerable scope for the RBI to lower the monetary policy rates

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