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Top 10 business news today: Renault searched for emission cheating devices, TomTom Spark GPS fitness watch launched priced at Rs 13,999, Infosys Q3 profit beats expectations, Starbucks shuts Indonesia stores, more

Fri January 15 2016, 10:03 am
  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    Renault searched for emissions cheating devices: French carmaker Renault said fraud investigators had inspected three of its sites to look into its vehicle emissions technology - news that wiped billions off its market value in an echo of the scandal engulfing German rival Volkswagen. Renault said investigations to date had found "no evidence of a defeat device equipping Renault vehicles", in a reference to a type of software programme Volkswagen was found to have used by U.S. investigators to cheat emissions tests. (Reuters)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    TomTom Spark GPS fitness watch series launched with special features, price starts Rs 13,999: TomTom, known for its GPS navigation systems and highly specialised sports watches, has launched a new set of watches in India called Spark Fitness series with prices starting Rs 13,999. The watches are available online on Flipkart, Amazon and Snapdeal. (Express Photo)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    New ‘larger’ policy on ethanol blending in a month, says Nitin Gadkari: Government will come out with a new ‘larger’ policy within a month to promote ethanol blending with petrol, Road Transport and Highways Minister Nitin Gadkari said today. “We will come out with a larger policy on ethanol (blending) within a month,” Gadkari said here at a conference on sustainability. The government wants to increase the level of mandatory blending of ethanol with petrol to 10 per cent. (Express Photo)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    Union Budget 2016-17: Arun Jaitley must find ways to double income tax payers: While there is an urgent need to restructure the current income tax slabs, especially hiking the Rs 10 lakh limit for the highest rate of 30%, presumptive taxation for the unorganized businesses also needs to be looked at by FM Arun Jaitley. As Finance Minister Arun Jaitley gears up to present the Budget for 2016-17 next month, one of the biggest questions that he needs to answer is: why in a country of more than 125 crore people, just about 3.5 crore are in the income tax net?
    Read more: Budget 2016: FM Arun Jaitley must find ways to double income tax payers
    (Express Photo)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    ICICI Bank crosses Rs 1 lakh-cr mortgage lending milestone: ICICI Bank today said it has become the first lender in the private sector to cross the milestone of Rs 1 lakh crore mortgage loans. "ICICI Bank today announced that it crossed the milestone of disbursing mortgage loans of over Rs 1 lakh crore, a first among private sector banks in the country," it said in a statement. (Express Photo)

  • Budget 2016, Union Budget 2016, Budget 2016 latest news, Budget 2016 news, GST Bill, corporate tax, income tax, Budget 2016 income tax, arun jaitley, narendra Modi, Budget 2016 expectations india, Raghuram Rajan, BJP, Piyush Goyal, Manohar Parrikar, latest business news

    Budget 2016: In the following year, the deficit would be revised up to 3.5 per cent from 3 per cent, the poll showed. Twenty six of the 29 respondents said markets and ratings agencies would accept some slippage in the deficit to allow the government to invest in growth and jobs. But there’s not much wiggle room, with India’s shortfall on the high side compared to emerging markets like China and Russia. "A typical solution to weak growth and comfortable inflation would be a loose fiscal policy and a tight monetary policy,” said Abhishek Upadhyay at ICICI Securities. “The trouble in India is that you don’t have the fiscal space." (Express photo)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    Infosys Q3 net profit up 6.6 pct, beats estimates: Infosys Ltd, country's second-largest software services exporter by revenue, reported a bigger-than-expected 6.6 percent increase in quarterly net profit as it won more clients and as a weaker rupee helped. Consolidated net profit rose to 34.65 billion rupees ($516.5 million) in its fiscal third quarter to Dec. 31, from 32.5 billion rupees a year earlier, the Bengaluru-headquartered company, which counts Apple Inc, Volkswagen AG and Wal-mart Stores Inc among its clients, said in a statement. (Reuters)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    'Starbucks closing Jakarta stores until further notice': Starbucks is closing all of its Jakarta branches "until further notice", the global coffee giant said after one of its stores in the Indonesian capital was hit by apparent suicide attacks today. "This store and all other Starbucks stores in Jakarta will remain closed, out of an abundance of caution, until further notice. We are monitoring this situation closely," the company said in a statement. (Express Photo)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    Proper transportation sector key to India's growth: Railways minister Suresh Prabhu: A proper and sustainable transportation sector would play a key role to fast-track India's development and economic growth, Railway Minister Suresh Prabhu said here today. "A proper sustainable transportation sector has potential to play a key role in India's economic growth including removal of social disparity, help reduce global greenhouse gas emission," Prabhu told a Washington audience. (Express Photo)

  • Renault, Renault emission raid, TomTom Spark GPS smart watch, Nitin Gadkari, India BS VI norms, Arun Jaitley, Union Budget 2016, ICICI Bank, inflation, infosys, infosys Q3 profit, starbucs, starbucs attack, suresh prabhu, indian railways, world bank, aadhaar, UID

    Aadhaar ID saving Indian govt about $1 bn per annum, says World Bank: Hailing India's Aadhaar digital ID, the World Bank has said the initiative is estimated to be saving the government about USD 1 billion annually by curbing corruption as it underlined that digital technologies can promote inclusion, efficiency and innovation. "We estimate that this (Aadhaar digital ID) is saving approximately USD 1 billion (Rs 650 crores) a year by reducing corruption and leakage for the Indian government. It is a help in fiscal budgeting. It is a help in providing other useful services," World Bank Chief Economist Kaushik Basu told reporters here during the release of a report on Digital Dividends. (Reuters)

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