Reliance Life gets nod for $350 mn more equity from Nippon Life

Mumbai, March 21  The Foreign Investment Promotion Board has granted approval to Japan’s Nippon Life Insurance to increase its stake in Anil Ambani-led Reliance Life Insurance (RLI) to 49 percent, which will peg the valuation of the Indian company at $1.5 billion.

Nippon Life will be investing…

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Key Indian equity indices open higher

Mumbai, March 21  Key Indian equity indices opened higher on Monday following global cues.

The 30-scrip Sensitive Index (Sensex), was trading 117.62 points or 0.47 percent up during the morning session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 31.15…

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Rs.6,044 crore allotted for Bengaluru infrastructure development

Bengaluru, March 19  Karnataka Chief Minister Siddaramaiah on Friday allocated Rs.6,044 crore for Bengaluru infrastructure development in the budget for 2016-17.

“In the outlay of Rs.14,853 crore to the state urban development department, Rs.6,044 crore will be for infrastructure projects in Bengaluru,” he…

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Karnataka budget proposes costlier fuel, liquor, soft drinks

Bengaluru, March 18  Petrol, diesel, beer, liquor and soft drinks will be costlier in Karnataka from April 1, as the state budget for the coming fiscal (2016-17) seeks to hike various taxes on them.
Presenting the budget for the next fiscal, Chief Minister Siddaramaiah told lawmakers in the legislative…

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Sensex gains 82 points in early trade

Mumbai, March 18  A benchmark index of Indian equities markets, the 30-scrip sensitive index (Sensex) of the BSE on Friday was trading 82.74 points, or 0.34 points, higher soon after the opening bell.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading…

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