India Finance and Business news

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SpiceJet's Ajay Singh buys NDTV, says report. Has he or hasn't he?
India Today A report in the Indian Express said that SpiceJet owner and co-founder Ajay Singh will hold around 40 per cent stake in NDTV. Is this true? | Written by Vivek Surendran. New Delhi, September 22, 2017 | UPDATED 12:52... ---

See bright prospects for India; European markets currently underpriced: Robert Baur
See bright prospects for India; European markets currently underpriced: Robert Baur In an interview to CNBC-TV18, Robert F Baur, Executive Director Chief Global Economist of Principal Global Investors spoke at length about the markets globally.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

Pak military started "genocide" of 1971: Hasina
Pak military started "genocide" of 1971: HasinaThe war in 1971 broke after a sudden crackdown at midnight on March 25, 1971 in the erstwhile East Pakistan by the Pakistani troops and ended on December 16.

Hong Kong shares post biggest loss in 1 month on S&P downgrade, N.Korea
Sept 22 (Reuters) - Hong Kong stocks posted their worstdecline in a month on Friday, erasing much of the week's gains,as investors trimmed positions following S&P's downgrade ofChina's sovereign credit rating and North Korea's nuclearthreats. The U.S. Federal Reserve's plan to shrink its balance sheetand later raise interest rates has also dented sentiment. The Hang Seng index dropped 0.8 percent, to 27,880.53points, posting its biggest one-day percentage drop since Aug.18. The Hong Kong China Enterprises Index lost 0.8percent, to 11,109.00. But both gauges were still up for the week, gaining 0.3percent and 0.4 percent, respectively. Confidence is weakened by S&P's one-notch China downgrade toA+ from AA-. The downgrade prompted a similar action againstHong Kong's sovereign credit rating. While Chinese firms do not have significant borrowings fromoverseas, the downgrade presents a psychological setback forinvestors. Market participants are also concerned about heightenedtensions over North Korea's military provocations. North Korea's foreign minister, Ri Yong Ho, said on Fridayhe believes the North could consider a nuclear test on an"unprecedented scale" in the Pacific Ocean, South Korea's Yonhapnews agency reported. Investors dumped resource shares for the second day on fearsa stronger dollar could hit commodity prices. An index tracking the sector fell as much as 2.6percent before trimming some losses.(Reporting by the Shanghai Newsroom; Editing by Sam Holmes)

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.