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1. Mahindra group to acquire Italian design firm Pininfarina:<br> Mahindra group on Monday announced it will acquire Italian automotive and industrial design firm Pininfarina for an overall outgo of over 50 million Euros (nearly Rs 370 crore) after months of negotiations. The acquisition is being carried out through a special purpose vehicle (SPV) and two group firms Tech Mahindra and Mahindra & Mahindra (M&M) will own 60 per cent and 40 per cent, respectively, in the Turin-based firm </br>(Image Source: Reuters)
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2. Jet Airways makes Amsterdam new European gateway; announces flights from March:<br> Private carrier Jet Airways has said that Amsterdam will serve as the new hub for its international operations to Europe and onwards even as it announced the launch of direct flight services to the Dutch capital from March next year. As of now, the Belgian capital of Brussels serves as its European gateway.</br>(Image Source: Reuters)
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3. Nissan, Renault, Skoda to hike prices by up to Rs 50K from Jan:<br> Auto makers Nissan, Renault and Skoda will hike prices by up to Rs 50,000 from January next year to partially offset the impact of rising input costs. All the three companies have announced to increase prices of their respective models by up to 3 per cent from first week of January, 2016. "The price increase is to offset the rising input costs. The revision of prices will soften the negative impact and help the company stay competitive," Nissan Motor India Managing Director Arun Malhotra said in a statement.</br>(Image Source: AP)
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4. GIFT City begins phase-2 development: Gujarat International Finance<br> Tec-City (GIFT City) on Monday said it has launched Phase-2 development, wherein focus will be on the country's first International Financial Services Centre (IFSC) being set up in the GIFT SEZ area. GIFT City's Phase-1 development process received an overwhelming response from realty developers and leading BFSI and IT players as well. It made allotments of over 14 million sq feet of built up area (BUA) in the SEZ and non-SEZ area for development of office towers, residential apartments and social facilities to be developed at an estimated investment of around Rs 9,600 crore.</br>(Image Source: Reuters)
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5. E-tailer Voylla to hire over 300 by March:<br> E-commerce firm Voylla Fashions on Monday announced its plans to hire more than 300 people, mostly for mid-level positions across divisions, by the end of the current financial year. "As we get aggressive on our expansion plans, we'll be strengthening our task force at all levels and have fresh and experienced talent join us," Voylla Fashions CEO and founder Vishwas Shringi said in a statement. The company "plans to hire 300 people across divisions by this financial year". </br>
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6. British Airways offers one-way upgrade to first class for business class passengers:<br> UK's flag carrier British Airways (BA) on Monday announced free one-way upgrade to first class for its business class passengers flying to London from here and Mumbai to woo customers ahead of the Christmas and new Year travel. British Airways is delighted to welcome its customers from Mumbai and Delhi with an exclusive one-way upgrade offer from Club World (business) to First cabin, the airline said in a release. The offer is available on flights booked in Club World (BA's business class) for sale period until 20 December and for outbound travel until December 31, 2015, the release said. </br>(Image Source: Reuters)
TeamLease Services shares will be listed on bourses on BSE and NSE on Friday (February 12). Earlier, the IPO of the company received overwhelming response from investors as the issue was oversubscribed 66.25 times. -
8. New Delhi tops list of Asia's top cities for shopping: Survey<br> New Delhi has topped the list of Asia's top cities for shopping, offering a treasure trove of goods through its blend of charming traditional markets and glitzy shopping malls, according to a new survey. New Delhi has topped the list for the best shopping city in Asia, followed by Bangkok and Singapore, according to a survey by TripAdvisor. </br>(Image Source: Reuters)
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Tata Motors: Tata Motors' newly appointed chief Guenter Butschek on Thursday said that the company will undertake a transformation exercise, which would include a relook at brand positioning, revamping products and increasing its global footprint, in order to be "future ready". "Tata Motors will undergo a major transformation process in order to get future ready…We would like to effectively review the entire setup of Tata Motors as far as its structure is concerned, as far as the processes are concerned and when it comes to manufacturing, as far as the equipment and tools are concerned," he told reporters in his maiden media interaction. (Reuters)
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"GST is an idea which I have no doubt that, if not today, tomorrow it has to be approved, we are just going through the agony prior to the passage of the Bill," Arun Jaitley said. (PTI photo)
‘I’m regretting it…makes me feel suffocated’: Employee shares struggles after switching from remote to office job
