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How the Nirav Modi scandal will affect diamantaires
Economic Times Dinesh Navadiya, 58, knows Antwerp in Belgium very well. He says he is acquainted with almost all the 500-plus diamond trading families in the city. The diamond merchant from Surat visits Antwerp, 53 km from the capital Brussels, at least once a month ... ---

City Union Bank says hit by fraudulent remittances via SWIFT system
City Union Bank says hit by fraudulent remittances via SWIFT system City Union said the transfers had been made through correspondent banks even though the Indian lender had not requested the transfers.

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.

Trump may lobby for high duty on Harleys, but the cult motorcycle maker needs India
Trump may lobby for high duty on Harleys, but the cult motorcycle maker needs IndiaTrump was more forthcoming in his attack as he slammed India for charging a high 50% duty on Harleys as against 0% that US charges on Indian motorcycles.

Equity indices slip on selling pressure, banks stocks plunge
Mumbai: Heavy selling pressure in banks, auto, capital goods and metal stocks dragged the key Indian equity indices lower during Friday's trade session.The top five drags on the BSE were State Bank of India, Yes Bank, ICICI Bank, Adani Ports and IndusInd Bank. The wider Nifty50 of the National Stock Exchange (NSE) declined by 93.20 points or 0.88 per cent to provisionally close at 10,452.30 points (at 3.30 p.m.).The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened higher at 34,411.24 points, closed at 34,010.76 points -- down 286.71 points or 0.84 per cent from its previous close.The Sensex touched a high of 34,508.24 points and a low of 33,957.33 points during the intra-day trade.The BSE market breadth was bearish as 2,078 stocks declined as against 726 advances.On Thursday, the key indices closed in the green as positive global cues along with healthy buying in metals, banking and oil and gas stocks kept market sentiment upbeat.The Nifty50 edged higher by 44.60 points or 0.42 per cent to close at 10,545.50 points, while the BSE Sensex closed at 34,297.47 points -- up 141.52 points or 0.41 per cent.

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.