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‘Gig’ economy drives WeWork’s fortunes

December 4, 2017 admin 0

Going to the office isn’t what it used to be. As more workers shift to on-demand and “gig” employment, the workplace has changed, and no company has capitalised on this more than WeWork.With free-flowing beer and coffee, the smartly designed offices that have popped up in dozens of cities in some 20 countries have become coveted by small firms and freelancers in technology and other […]

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What’s behind the bitcoin boom?

December 4, 2017 admin 0

As the price of the bitcoin leapt past $10,000 this week, marking a tenfold gain in 2017, many investors seemed to nurse a ‘missed-out’ feeling. The financial press ran ‘how-to-invest-in-bitcoin’ tutorials right alongside unflattering comparisons of the bitcoin boom to the Tulip mania. If you are among the Indian investors who are rueing their decision to skip bitcoins in favour of the stock market, here […]

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Finance Minister Arun Jaitley Says India Has Standardised Itself For 7-8% Growth

December 4, 2017 admin 0

Finance Minister Arun Jaitley on Thursday said India has standardised itself for a 7-8 per cent growth rate on the back of improving macroeconomic fundamentals.“India has standardised itself ordinarily for a growth rate between 7 to 8 per cent. If it slows down, it is more towards 7 and if it paces up it is more towards 8 per cent growth. It’s already close to […]

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IMF To Update India’s GDP Growth Rate Forecast In January

December 4, 2017 admin 0

The International Monetary Fund (IMF) on Friday said it will update its growth rate forecast for India in January next year.Recently, the US-based Moody’s upgraded India’s sovereign rating after a gap of 13 years to ‘Baa2’, with ‘stable’ outlook, from ‘Baa3’ earlier, citing improved growth prospects driven by economic and institutional reforms.This was followed by S&P Global Rating, which kept India’s sovereign rating unchanged at […]

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November Factory Growth Fastest Since Notes Ban: Survey

December 4, 2017 admin 0

Factory activity quickened in November at the fastest pace since just before the government’s surprise cash clampdown late last year, driven by a surge in new orders, a business survey found. Responding to improving demand, manufacturers cranked up output for the fourth month in a row, and hired new workers at the fastest pace in five years.That suggests a drag on the economy caused by […]

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Why SBI Will Send Your Income Tax Refund Cheques In Redesigned Envelopes

December 4, 2017 admin 0

State Bank of India (SBI) will “redesign” its envelopes used to dispatch tax refund cheques of customers to cover their PAN (Permanent Account Number) and contact numbers, after an activist raised that the crucial personal information was visible to anyone which may result in misuse, the bank said. The move comes nearly 16 months after activist Commodore (Retd) Lokesh Batra raised the issue that the […]

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Biocon Gets US Regulator’s Nod For Biosimilar Of Cancer Drug, Shares Up 14%

December 4, 2017 admin 0

Shares of Biocon on Monday surged as much as 14 per cent after the biotechnology major said it has received regulatory approval to market a biosimilar of cancer drug Herceptin in the United States. The US health regulator has approved Mylan NV’s biosimilar Ogivri, co-developed with Biocon, for the treatment of certain breast and stomach cancers, a company statement said.Following the announcement, shares of the […]