Inflation spikes to 5.76 per cent in May on costly food items

New Delhi, June 14 (PTI) Rising for the second month in a row, retail inflation shot up to 5.76 per in May due to rise in prices of food items, including vegetables.

The rise may make it difficult for the Reserve Bank of India (RBI) to lower the interest…

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IRDAI to decide on allowing insurers to invest in tier-1 bonds

Kolkata, June 13 The Insurance Regulatory and Development Authority of India (IRDAI) has not yet taken a decision on allowing insurers to invest in the additional tier-1 (AT-1) bonds due to risks associated with the instrument, according to an IRDAI official.

“There is a debate and we have…

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Assam creates single window clearance system to boost investment

Guwahati, June 12 The Assam government has set up a single window clearance system at all district headquarters to help potential investors and to eradicate corruption, state Industry and Commerce Minister Chandra Mohan Patowary said on Saturday.
Addressing newspersons at the Assam capital complex in Dispur, Patowary said that this…

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U2opia Mobile to invest $3 million for startups

New Delhi, June 11 In a move to boost innovation in mobile, Singapore headquartered mobile technology company U2opia has launched Catapult Programme to help startups grow by investing $3 million in over three years.

The programme has invited early-stage startups and entrepreneurial teams focused on innovation in scalable mobile…

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Infosys to modernise US district's IT systems

Bengaluru, June 11 Infosys Public Services Inc, a US-based subsidiary of global software major, on Friday announced that it has secured a lucrative deal to modernise IT systems of the District of Columbia’s department of human services.
“The project aims to modernise the district’s eligibility and enrolment…

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