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Top 10 business news today: Bajaj V bike launch today, China’s yen rebounds as Bank of Japan adopts negative interest rate, more

Mon February 08 2016, 2:03 pm
  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    Bajaj V bike launch today; All you want to know about the motorcycle built from INS Vikrant’s metal: The wait for the first bike under Bajaj V brand will get over today i.e. February 1, as the company will launch it during an event in Delhi. For people not in the know, the Bajaj V bikes are made from the metal of INS Vikrant - the Indian Navy's first aircraft carrier - that had served the nation for almost 36 years and played a crucial role in the victory of 1971 Indo-Pak war. Here are some interesting things you should know about the first Bajaj v bike.

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    Bank of Japan's negative interest rate helps Asian stocks up, yen rebounds: Asian shares started a new month on somewhat firmer footing today, helped by accommodative monetary policies by Bank of Japan, but traders were cautious ahead of China factory and service sector activity surveys. The Bank of Japan ramped up its aggressive stimulus campaign on Friday, adding negative interest rates on central banks deposits to its massive asset-buying programme, stunning financial markets that expected no action or a moderate increase in asset purchases. The yen nursed broad losses on Monday and the euro was also on the defensive after the Bank of Japan adopted negative interest rates and sent bond yields sliding across the globe and particularly in Europe. (Reuters)

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    India needs $1 trn for new roads, ports, airports, says Nitin Gadkari: Terming infrastructure building as a “major challenge”, Union Minister Nitin Gadkari has said the country requires $1 trillion for the development of new roads, ports and airports over the next few years. Upgrading infrastructure is a major challenge for policy makers of the Asia’s third largest economy and India needs about $1 trillion (about Rs 67,00,000 crore) for new roads, ports and airports over the next few years, Gadkari said at the inaugural edition of Rajya Sabha Television’s new flagship programme ‘Spotlight’. (Reuters)

  • Manufacturing PMI

    Analysts doubt whether the Japanese economy will gain momentum in coming months, with the recent market turbulence and slowing Chinese growth clouding the outlook for corporate profits. (Reuters image for representation only)

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    Subrata Roy’s Sahara uses small savers to fund Aamby Valley resort: Subrata Roy’s Sahara group has been funnelling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed. Sahara has ploughed at least 15 billion Indian rupees ($221 million) from two of its credit cooperatives into the Aamby Valley resort project through investments in preference shares, according to documents filed with India’s companies regulator. (Reuters)

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    RBI seen easing only once this year as inflation climbs: The Reserve Bank of India (RBI) is expected to leave its key interest rate steady at 6.75 percent next week and only make one cut this year as rising inflation ties its hands, according to a Reuters poll. That marks a turn from rapidly cooling domestic consumer price inflation, which allowed the RBI to lower the repo rate four times in 2015. (Reuters)

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    Tamil Nadu to set up first supercritical thermal plant at Rs 6,376 crore: Tamil Nadu’s first 800 mw supercritical thermal power plant is expected to go on stream by mid-2019. Tamil Nadu chief minister J Jayalalithaa on Sunday laid the foundation stone for the Rs 6,376-crore power project, which will come up in Thiruvallur district. Power equipment major BHEL bagged order worth Rs 2,759 crore to supply boiler, turbine and generator. (Reuters)

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    Budget 2016: Finance minister Arun Jaitley may also extend the facility of refunds on special additional duty — levied at 4% — paid on imports, which is currently being made to importer-traders to the manufacturing industry as well. A large segment of the manufacturing industry is now unable to get full credit for the SAD paid on inputs because their value addition levels are not high enough for such set-offs. The SAD — which is levied on imports in lieu of the state VAT on domestic goods — could also be reduced on number of intermediate goods, the sources said. (Reuters)

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    Grasim Industries’ net profit jumps 95% to Rs 649.59 crore: Kumar Mangalam Birla-led Aditya Birla Group firm Grasim Industries today reported 95 per cent surge in consolidated net profit at Rs 650 crore for the quarter ended December. The company had clocked a net profit of Rs 334 crore in the year-ago period, it said in a BSE filing. (Reuters)

  • Bajaj V bike, Bajaj V bike launch, Bajaj V bike price, bank of Japan, bank of japan interest rate, Indian economy, china pmi, chinese manufacturing index, sahara group, Aamby Valley resort, coal india, Grasim industries, aditya birla group, gold, gold rate today, RBI monetary policy review, rbi rate cut, rbi interest rate

    Canadian scientists develop new approach to turn electronic waste into gold: Scientists have discovered a new financially viable and environmentally friendly way to recover and recycle gold from electronic waste, an approach that could revolutionise the industry and be a veritable gold mine. “We’ve found a simple, cheap and environmentally benign solution that extracts gold in seconds, and can be recycled and reused,” said Stephen Foley, professor at the University of Saskatchewan in Canada. (Reuters)

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