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Bitcoin breaks $1,000 level, highest in more than 3 years around the globe

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Bitcoin breaks $1,000 level, highest in more than 3 years around the globe

The price of bitcoin has breached the $1,000 mark, hitting a more than three-year high on Monday. The cryptocurrency was trading at $1,021 at the time of publication, according to CoinDesk data, at level not seen since November 2013, with its market capitalization exceeding $16 billion. Bitcoin has been on a steady march higher for […]

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Manmohan Singh is a failed economist, a failed finance minister and a failed prime minister: Venkaiah Naidu

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Manmohan Singh is a failed economist, a failed finance minister and a failed prime minister: Venkaiah Naidu

NEW DELHI(ET): Demonestisation is like chemotherapy to cure the cancer of black money, Urban Development and I&B Minister M Venkaiah Naidu tells Nidhi Sharma and Ravish Tiwari. The minister blames the Congress-led UPA government for the problem of black money and says the controversial note recall decision was not a sudden one. Edited excerpts: How do you think the […]

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Apologise for ‘blunder of demonetization’: Kejriwal attacks PM Modi

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Apologise for ‘blunder of demonetization’: Kejriwal attacks PM Modi

DELHI(PTI): Delhi Chief Minister Arvind Kejriwal on Friday asked Prime Minister Narendra Modi to tender an apology to the people during his address to the nation on New Year’s Eve on what he said was a “blunder of demonetization”. Kejriwal, also the national convener of Aam Aadmi Party (AAP) which governs Delhi, said Modi has […]

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After resignation, Mistry goes all-out, files suit in National Company Law Tribunal

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After resignation, Mistry goes all-out, files suit in National Company Law Tribunal

MUMBAI: A day after resigning from the boards of six listed Tata firms, Cyrus Mistry on Tuesday took the legal route in his fight against the Tatas by filing suit in National Company Law Tribunal against Tata Sons. According to sources, Mistry’s family-controlled investment firms on Tuesday moved the National Company Law Tribunal (NCLT) in […]

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Exports rose by 2.29% in November, trade defict at two-year high at $13 billion

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Exports rose by 2.29% in November, trade defict at two-year high at $13 billion

NEW DELHI(PTI): Exports rose for the third straight month in November, recording a growth of 2.29%, though the trade deficit shot up to about two-year high of $13 billion mainly due to increase in gold imports. Exports of engineering products rose by 14.10%, petroleum by 5.73% and chemicals by 8.3% compared to the same month […]

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Govt announces two schemes to reward cashless payment adopters

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Govt announces two schemes to reward cashless payment adopters

The government has launched two schemes, one each for customers and merchants, to incentivise digital payments in the country. NITI Aayog Chairman Amitabh Kant, while making the announcement, said, “The government has initiated numerous steps to combat the scourge of corruption and black money in the last two and a half years. There has been […]

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RBI Chief Urjit Patel shown black flags by TMC supporters in Kolkata

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RBI Chief Urjit Patel shown black flags by TMC supporters in Kolkata

Kolkata(PTI):Reserve Bank of India (RBI) governor Urjit Patel, who was in Kolkata to conduct the central board meeting following demonetization, was shown black flags by Trinamool Congress supporters outside the regional RBI office in the city. TMC supporters sporting black flags and shouting slogans ‘Go back Urjit’ staged a demonstration outside the RBI office. Later, […]

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American Express Co. said it will offer 20 weeks of paid leave to any U.S. employee

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American Express Co. said it will offer 20 weeks of paid leave to any U.S. employee

Washington DC(AFP): In a move to boost recruitment and retention while keeping up with the corporate Joneses, American Express Co. said it will offer 20 weeks of paid leave to any U.S. employee of either gender who has a child through any means, including adoption and surrogacy. Birth mothers will get an additional six to […]

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IBM promises to hire around 25,000 Americans over 4 years

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IBM promises to hire around 25,000 Americans over 4 years

IBM Chief Executive Ginni Rometty pledged to hire and train workers in the United States as she and other technology executives prepared to meet on Wednesday with US President-elect Donald Trump. “We have thousands of open positions at any given moment, and we intend to hire about 25,000 professionals in the next four years in […]

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Old Rs 500 notes not acceptable for transaction from tomorrow mid-night: Govt

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Old Rs 500 notes not acceptable for transaction from tomorrow mid-night: Govt

NEW DELHI(PTI): People can use old Rs 500 notes for paying utility bills or buying medicines till tomorrow mid-night as the government has decided not to extend exemptions beyond December 15. At the same time, mobile recharge facility with old Rs 500 notes will not be available. However, people can deposit invalid Rs 500 currency […]

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