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Hero Cycles acquires Firefox Bikes in all-cash transaction

Hero Cycles on Thursday said it has acquired Firefox Bikes as part of strategy to cement its position in the fast-growing premium cycling segment in India.As part of the deal, promoters of the Delhi-based Firefox Bikes divested their entire equity st

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Govt will 'put to sleep' pending tax disputes: FM

Finance Minister Arun Jaitley on Thursday said the government is looking at a number of reforms and resolution of pending tax disputes to attract investments enable the economy withstand global financial markets turmoil. At India Economic Conven

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What slowing trade growth means for the world economy

THE global economy has stumbled from one pothole to the next in 2015. America's economy slowed to a crawl during an icy first quarter. Then fears of a Greek exit from the euro area worried markets. Now attention has turned to China, where the governm

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Google launches donation-matching campaign to raise $11 million for refugees

Google Inc has announced a donation-matching campaign that aims to raise $11 million for humanitarian organisations aiding thousands of refugees that have overwhelmed European nations as they flee war-torn and impoverished countries.The search giant

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HP to Cut up to 30,000 More Jobs in Enterprise Business

Hewlett-Packard Co, which is splitting into two listed companies later this year, said on Tuesday it expects to cut another 25,000 to 30,000 jobs in its enterprise business as the tech pioneer adjusts to falling demand.The latest cuts, on top of layo

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Indian Oil to invest Rs 1.75 trillion over 7 years

Country's largest oil refiner Indian Oil Corporation (IOC) said on Tuesday it will invest Rs 1.75 trillion over the next seven years to expand output by 54 per cent to around 100 million tonnes per annum."We have a capex plan of Rs 1.75 trillion over

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Volkswagen to launch new gen Tiguan SUV in India next year

German auto major Volkswagen plans to launch the new generation of its most popular sports utility vehicle Tiguan in India next year.Unveiling the new Tiguan here at the Frankfurt Motor Show, Volkswagen CEO Herbert Diess said the vehicle is a “proo

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Jaguar Land Rover sales will rise in 2015 despite China drop: CEO Ralf Speth

Jaguar Land Rover expects sales this year to exceed those in 2014, with Britain, Europe and the United States compensating for a sharp decline in the Chinese market, its chief executive said.The luxury carmarker sales are down 1 per cent so far this

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