Reliance Defence signs military aircraft, vehicles pacts with Ukraine

Mumbai, April 29 (IANS) Reliance Defence, a part of the Anil Ambani-led Reliance Group, has inked a pact with Ukrain’s state-owned Ukroboronprom to collaborate for assembling and maintaining the Antonov series of military and commercial transport aircraft — a Rs.50,000 crore potential.

“Under the agreement with…

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One percent excise duty on gold will stay: Jaitley

New Delhi, April 28  Finance Minister Arun Jaitley said here on Thursday that jewellers will have to pay one percent excise duty on gold.

Jaitley said the duty is applicable only to the big industry players and the government will ensure there is no harassment.

“Excise duty on gold jewellery…

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Samsung's Q1 profit posts double-digit growth

Seoul, April 28  Samsung Electronics’ first-quarter operating profit posted a double-digit growth on the back of robust sales of Galaxy S7 smartphones, launched earlier than forecast, the company said on Thursday.

Consolidated operating profit reached 6.68 trillion won ($5.84 billion) in the January-March period, up…

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Rupee gets stronger, gains 5 paise against dollar

Mumbai, Apr 28 (PTI) The rupee edged higher by 5 paise to 66.39 against the dollar in early trade today after exporters and banks stepped up selling of the US currency amid sustained foreign fund inflows.

Forex dealers said weakness in the dollar against a few currencies overseas gave…

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Panasonic launches Rs.9290 4G phablet in India

New Delhi, April 27  Panasonic India on Wednesday launched a new Rs.9,290 4G phablet ELUGA I3 for a better daylight reading experience for Indian consumers.

ELUGA I3 comes with a 5.5 inch HD IPS display and supports 4G VoLTE technology for rich data and voice experience.

“With…

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