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7 December, 2018 5:14 AM Cabinet approves agriculture export policy, aims to double exports to $60 bn by 2022

Agricultural exports are currently estimated at USD 30 billion. New Delhi: The Union Cabinet has approved the Agriculture Export Policy, 2018 aiming to double agricultural exports to USD 60 billion by 2022. The government underlined that one of the prime objective of the Agriculture Export Policy is to double agricultural exports from present USD 30 billion 93

7 December, 2018 4:47 AM Nissan Ex-Chairman Carlos Ghosn To Be Indicted Monday: Nikkei

Tokyo prosecutors plan to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily reported, ratcheting up their case against the auto tycoon. Prosecutors also plan to indict on the same day former representative director Greg Kelly as well as the automaker itself, the Nikkei said today, citing 118

7 December, 2018 3:56 AM Centre approves key policy to double farm exports to $60 billion by 2022

NEW DELHI: The Indian government on Thursday approved a policy to boost exports of farm commodities such as tea, coffee, fruits and vegetables, Trade Minister Suresh Prabhu said. The policy, approved at a meeting of Prime Minister Narendra Modi`s cabinet, is aimed at helping India step up exports of an array of farm goods but also seeks to avoid ad hoc, knee-jerk 42

7 December, 2018 2:55 AM Innoven Capital invests Rs 55 crore venture debt in Quikr

Venture debt firm Innoven Capital on Friday said it has invested Rs 55 crore in Quikr India Pvt Ltd, which runs online classifieds and services portal. The investment comes at a time when the company is looking to raise $150 million from venture capital firms. "Pranay (Chulet) and the Quikr team have built some market leading vertical platforms, all of which 39

6 December, 2018 8:13 AM Noel Tata may be new Chairman of Tata Trusts

Noel Tata is currently the Chairman of Trent and Managing Director of Tata International Noel Tata may join Tata Trusts as the charitable organisation is looking to bring him on board as part of restructuring its composition, Business Standard reported. Noel is currently the Chairman of Trent and Managing Director of Tata International. There have been speculations 33

5 December, 2018 10:22 AM PepsiCo completes acquisition of Israeli firm SodaStream

PepsiCo announced December 5 it had completed its acquisition of Israeli firm SodaStream, whose command of the fizzy water market appealed to the US beverage giant as demand falls for sugar-laden soft drinks. PepsiCo said in August that it was buying the Israeli company that makes machines to carbonate home tap water for $3.2 billion. "With its customisable 44

4 December, 2018 7:04 AM JioMusic-Saavn integrate to form JioSaavn, new platform to be available across all app stores

As part of this launch, Jio users will also get a 90-day extended free trial of JioSaavn Pro, the streaming service’s premium product. Mumbai: Saavn Media Private Limited, a subsidiary of Reliance Industries Limited (RIL), has launched JioSaavn – representing the official integration of JioMusic and Saavn. The new integrated JioSaavn app will be available 38

4 December, 2018 2:34 AM Amazon briefly edges out Apple for most valuable company

Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc . Amazon rose by 4.7 percent at one point, putting its market capitalisation at $865.0 billion. At the same time, Apple traded up 2.1 percent, giving it a market capitalisation of $864.8 billion 52

3 December, 2018 4:26 PM Grab invests $100 million in Indian hotel startup OYO

Grab, known as the Uber of Southeast Asia, was valued at around $11 billion at its last funding round in August. Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. The investment by Grab is part of the $1 billion fund raise OYO announced 67

3 December, 2018 6:55 AM Crude reality remains restricted to demand-supply, even as OPEC meets on December 6

In the upcoming meeting of OPEC on December 6, it is widely believed that Saudi Arabia may not cut its crude oil production by much, if at all It is estimated that a $10 per barrel increase in crude oil prices increases the current account deficit of India by $15 billion, or around 0.50 percent of GDP. Rising crude oil prices have also a profuse knock-on 30