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  • Micromax aims to be among world’s top 5 handset companies | The Financial Express
    are exploring Middle East and a cluster of countries in Africa that will allow us to quickly expand We will enter these markets in the coming fiscal he said Mathur added that the company will enter markets like Armenia Kazakhstan and Georgia in the Commonwealth of Independent States CIS region According to Gartner Micromax ranked at the tenth spot in June quarter of 2015 with a global market share of 2 2 per cent However it slipped off the top ten tally in the September quarter The research firm is yet to declare the numbers for the December quarter During the July September 2015 quarter the worldwide mobile phone sales to end users totaled nearly 478 million units up 3 7 per cent from the same period in 2014 Samsung Apple Microsoft Huawei and LG were the leading players in the tally In India Micromax is the second largest player after Samsung Talking about the product portfolio in the international markets Mathur said each country has its unique set of requirements While 60 per cent of the products are similar to what we sell in India about 40 per cent of these are specific to the requirements in those markets he added Mathur said the international business has been profitable for the past three years and is close to hitting revenues of Rs 1 000 crore by March growing 100 per cent from 2014 15 Overall the Gurgaon based company had clocked about Rs 11 000 crore in revenue last year It declined to give estimates for the ongoing fiscal First Published on February 7 2016 3 17 pm Tags Micromax Please Wait while comments are loading More on this story Micromax Canvas Fantabulet priced at Rs 7 499 launched smartphone to be available on Flipkart Micromax 2016 set to be year of large smartphone screens videos Micromax YU Yureka top searched phone on Google India in 2015 beats Apple iPhone 6s others Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi

    Original URL path: http://www.financialexpress.com/article/industry/companies/micromax-aims-to-be-among-worlds-top-5-handset-companies/208464/ (2016-02-07)
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  • Bajaj Capital open to selling upto 26 per cent stake | The Financial Express
    doubled in three years from 700 now but there are no plans to increase the number of offices from 230 as it looks to reach out to smaller cities through associates According to reports some global insurance companies and private equity investors have shown interest in Bajaj Capital The Insurance Amendment Act has brought insurance intermediaries under the same FDI ambit as insurance companies The act allows foreign direct investment of upto 49 per cent in insurance companies and intermediaries First Published on February 7 2016 5 09 pm Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured

    Original URL path: http://www.financialexpress.com/article/industry/companies/bajaj-capital-open-to-selling-upto-26-per-cent-stake/208484/ (2016-02-07)
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  • Assocham makes a pitch for women-friendly Budget | The Financial Express
    limit hiked to Rs 1 000 per month from the current Rs 100 Also it has demanded that the hostel expenditure allowance which is exempted up to Rs 300 pm per child for a maximum of two children be increased to Rs 3 000 per month The limit for children education allowance is too low as compared to the prevailing school fee and was fixed in 1988 99 Also the limit of hostel expenditure allowance was fixed in 1988 89 it noted Besides Assocham said the medical expenses reimbursed by the employer are currently exempted to the extent of Rs 15 000 per annum which needs to be revised significantly to at least Rs 50 000 as the limit was fixed 17 years ago and extended to retired employees as well First Published on February 7 2016 1 52 pm Tags Assocham Union Budget 2016 17 Please Wait while comments are loading More on this story Union Budget 2016 17 Delhi govt seeks Rs 4000 cr to augment transport system Pre Budget talks Finance Minister to meet state counterparts tomorrow E commerce to generate 2 5 lakh jobs in 2016 Assocham Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at

    Original URL path: http://www.financialexpress.com/article/economy/assocham-makes-a-pitch-for-women-friendly-budget/208461/ (2016-02-07)
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  • Cairn India wants govt to reduce oil cess before Budget | The Financial Express
    exploration and production is a long term one requiring fiscal certainty to ensure reasonable returns for investors It is indeed heartening to note that the Ministry of Petroleum and Natural Gas is supporting the industry s long standing petition to make oil Cess ad valorem he said If implemented it will be a win win for all stakeholders protecting government revenues by way of direct correlation with prevailing oil price Also it will send a positive signal to investors he said It will also encourage the sector to pursue the Prime Minister s vision of reducing India s import dependence for crude oil by at least 10 per cent by 2022 he said The Oil Industry Development Act 1974 provides for collection of cess as a duty of excise on indigenous crude oil Cess incurred by producers is not recoverable from refineries and thus forms part of cost of production of crude oil The cess was levied at Rs 60 per tonne in July 1974 and subsequently revised from time to time In 2005 06 when the crude oil prices had increased from an average of 40 per barrel to 60 the OID cess was raised from Rs 1 800 to Rs 2 500 per tonne from March 1 2006 Again when the crude prices climbed to over 100 the rate of cess went up to Rs 4 500 12 per barrel with effect from March 17 2012 While the government had effectively linked the cess rate to prevailing crude oil prices in the past there has been no reduction when the oil prices have declined oil producers say adding cess has severely impacted several small discoveries and marginal fields making many of the projects unviable While New Exploration Licensing Policy NELP blocks like Reliance Industries KG D6 are exempt from payment of cess pre NELP discovered blocks like Panna Mukta and Tapti and Ravva pay a fixed rate of cess of Rs 900 per tonne First Published on February 7 2016 1 08 pm Tags Cairn India Crude Oil Oil Prices Union Budget Please Wait while comments are loading More on this story Oil prices up as weak dollar offsets supply concerns Crude oil prices steady in thin Asian trading ahead of Lunar New Year Oil prices extend gains on US dollar slide talk of oil producer meeting Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi

    Original URL path: http://www.financialexpress.com/article/economy/cairn-india-wants-govt-to-reduce-oil-cess-before-budget/208457/ (2016-02-07)
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  • Coal India Ltd to conduct special auction for power producers this month | The Financial Express
    auctions the reserve price was quite high and as a result offtake was muted Also most of the quantity offered was cleared at floor price Receivables from state utilities are already at a record high and fuel cost being a pass through it is difficult to understand from where the states will bear additional burden of e auction premium In the current economic scenario a rationale reserve price for coal will help the ultimate objective of the Government in this sector he said The government has set a target to provide 24 7 affordable power to all by 2019 CIL a major supplier of coal to the power sector is also eyeing one billion tonnes of production target by 2020 It aims to achieve 550 million tonnes of output target in the current fiscal First Published on February 7 2016 1 24 pm Tags Coal India Please Wait while comments are loading More on this story Coal India in dilemma over production pricing Govt asks Coal India to meet 550 MT target for current fiscal Govt might tap rich PSUs for more dividend Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news

    Original URL path: http://www.financialexpress.com/article/industry/companies/coal-india-ltd-to-conduct-special-auction-for-power-producers-this-month/208459/ (2016-02-07)
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  • India Post to invest Rs 322 crore to augment parcel capacity | The Financial Express
    Chennai Bengaluru and Hyderabad with mixed mail sorter and parcel sorter at each location The official further said the department is implementing a global positioning system GPS in its departmental mail motor vehicles in all the major centres The IT modernisation project for India Post is under implementation which would result in electronically connected urban and rural network It would allow increased consistency and reliability in mail parcels and logistics delivery system in line with global standards he said The department has also initiated a project for parcel network optimisation for developing a comprehensive business and marketing plan based on current trends in the e commerce market In e commerce space India Post is serving more than 400 small and medium level customers spread all across the country including all major players like Amazon Flipkart Myntra Snapdeal Paytm Shopclues Yepme Naaptol Telebrands and Homeshop18 among others First Published on February 7 2016 11 47 am Tags India Post Please Wait while comments are loading More on this story PIB likely to approve India Post s payments bank proposal Postal Department to select consultant for payment bank by month end Editorial Remaking India Post Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra

    Original URL path: http://www.financialexpress.com/article/industry/companies/india-post-to-invest-rs-322-crore-to-augment-parcel-capacity/208451/ (2016-02-07)
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  • Techies find homes in Cupertino, Napa Valley — in Bangalore | The Financial Express
    Its Californian features include arched windows sloping roofs and helical columns as well as resort like landscaping Our projects are named based on popular destinations which have a positive ring to them says Ashwini Kumar Chief Operating Officer Nitesh Estates The names were conceived as marketing hooks as a majority of the buyers who can afford upscale homes are top techies and ecommerce professionals who commute between Bengaluru and the Bay Area or techie returnees from there admits Sunil Reddy an executive director of the Concorde Group About 30 per cent of the buyers in projects like Cupertino and Silicon Valley are Indian techies who are current California residents Such names make it easier to connect with ambitious Indians who live in or frequently travel to the Silicon Valley he says Think about it which Bengaluru homeowner does not want to say I live in Napa Valley The real estate trend is not new It started years ago with projects like Golden Enclave St John s Wood Palm Meadows and Ozone Bengaluru even has an age old suburb called Dollar Colony whose buyers were mostly Non Resident Indians But the naming trend is now distinctly veering towards America and California in particular Concorde advertises its fancily named new developments as status defining and millionaire homes to tech professionals in the 30 45 age cohort who it says comprise over two thirds of its buyers The naming convention was conceived by the real estate family s younger members who joined the business after graduating from American universities such as Rutgers says Reddy But could anybody be taken in by a mere name The names are stylish and could impress a small slice of the home buying population says B N Satish executive director South India at global real estate consultancy Knight Frank Satish says the IT companies ecommerce firms and start ups have kept the Bengaluru real estate market buoyant and at Number One in the country So choices are aplenty and what finally matters is the location the specs the developers credibility and the pricing Satish says Without these a fancy name won t cut it Still such gated enclaves with fantasy labels are sought after by upper rung techies or even the NRI techies as they assure buyers of palm tree lined avenues 24 hour power and water supply and perimeters protected by guards and security cameras The walls are an indemnity against the chaotic city at the gates and the traffic and noise outside the all too common power cuts the alternate day supply of water and the disorganised garbage clearance These daily adversities make buyers interested in homes such as Nitesh Palo Alto which advertises an environment of scenic beauty situated behind Accenture Cisco and IBM Udupa confesses that his Cupertino villa in Bengaluru does not exactly evoke the affluent Californian city But he says it feels like a safe place to live in is within a convenient distance from the offices of the security start up

    Original URL path: http://www.financialexpress.com/article/india-news/techies-find-homes-in-cupertino-napa-valley-in-bangalore/208434/ (2016-02-07)
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  • BMW 7 series, Merc S600 showcased at Auto Expo 2016 | The Financial Express
    Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured in Tainan Real Madrid s Cristiano Ronaldo 31 soccer star and entrepreneur All you need to know in 8 slides How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note International Fleet Review 2016 President Pranab Mukherjee reviews naval fleet Asteroid TX68 to pass by Earth on March 5 at 9 000 17 000 km distance NASA Earthquake in Nepal 5 5 magnitude quake injures 15 tremors rock Bihar too Horoscope By Peter Vidal Today 08 Feb This Week 07 Feb 13 Feb SAGITTARIUS Your choices are perfectly clear Loved ones or close companions may be unreasonable but there is probably no escape from emotional tension What you can do however is make a conscious decision to treat all differences of read more Home Markets 2016 02 07 10 49 39 Outlook GDP data Q3 earnings to set market tone GDP IIP and consumer inflation will dictate market movement this week say experts while blue chips SBI and ONGC are also lined up to release their third quarter earnings numbers Sensex end 278 points up on value buying Lupin Vedanta shares surge Top 10 stocks that trended in today s trade Jindal Steel Lupin and more RBI to buy back inflation indexed bonds maturing in 2023 Mutual Fund AUM falls for third straight month in January Companies 2016 02 07 11 47 07 India Post to invest Rs 322 crore to augment parcel capacity In a bid to strengthen its position in the e commerce market India Post has proposed to invest Rs 322 crore till 2019 20 to augment parcel handling capacity through which it projects to earn a revenue of Rs 1 608 crore Facebook bans pages selling medical marijuana in US Aamir Khan loses Snapdeal contract Lupin Q3 net profit dips 12 per cent to Rs 530 crore BSE Institute announces launch of new zone for startups Economy 2016 02 06 19 54 52 Arun Jaitley asks states to step up infra social sector spending Finance Minister Arun Jaitley today said he expects states to increase spending on infrastructure and poverty alleviation schemes as the 14th Finance Commission has devolved higher funds to them Govt approves Rs 17 000 cr highway projects for 9 states Open to idea of separate mechanism for broadcasting cases Arun Jaitley Fattening MGNREGA is a national shame not pride Doubting India s fastest growing GDP stats economists devise their own Tech 2016 02 06 13 34 09 Google engineer builds smart Android powered bathroom mirror A Google engineer has developed a

    Original URL path: http://www.financialexpress.com/videos/auto-and-vehicles-video/207542/bmw-7-series-merc-s600-showcased-at-auto-expo-2016/ (2016-02-07)
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