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Consider January-December financial year, Modi urges states

Consider January-December financial year, Modi urges states

New Delhi:(IANS) Prime Minister Narendra Modi on Sunday asked the states to consider advancing the financial year to January-December, saying that in a country where agricultural income is exceedingly important, budget should be prepared immediately after its receipt for the ...

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Ashok Leyland bags orders from security agencies

Ashok Leyland bags orders from security agencies

Chennai:(IANS) Bagging contracts for mine-protected and bullet-proof vehicles from security agencies, Ashok Leyland is targeting three-fold business increase from its defence vertical, a top company official has said. The company will be investing around Rs 600 crore towards capital expenditure ...

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Honda plans Rs 1,600 cr spend on new two-wheelers

Honda plans Rs 1,600 cr spend on new two-wheelers

Mumbai:(IANS) Japanese two-wheeler major Honda Motorcycle and Scooter India (HMSI) plans to invest Rs 1,600 crore in 2017-18 for expanding capacity and developing new products, the company has announced. “The Indian market is going to change when the auto industry ...

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Indian equities trade higher, consumer durables stocks surge

Indian equities trade higher, consumer durables stocks surge

Mumbai:(IANS) Indian equity markets on Thursday closed in the green after five consecutive sessions of losses, as strong buying support was witnessed in consumer durables, automobile and capital goods stocks. However, caution prevailed over the ongoing fourth quarter results season, ...

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FRBM framework is for medium-term fiscal consolidation: Moody’s

FRBM framework is for medium-term fiscal consolidation: Moody’s

New Delhi, (IANS) : The Fiscal Responsibility and Budget Management (FRBM) Review Committee recommendations, made public earlier this week, offer a medium-term framework that focuses on India’s fiscal consolidation, US rating agency Moody’s said on Friday. “An effective implementation of ...

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