Spencer’s joins More & Future on Amazon’s shopping list

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The US company is also in talks with the Aditya Birla Group on buying stakes in its More chain of stores and is likely to partner with Samara Capital and other investors to fully acquire the business.

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Domestic pharma players eye Bharat Serums acquisition

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The two funds together hold a 23% stake and the remainder is with the Daftary family.

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Government unlikely to invoke section 7 to direct RBI on power companies

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Policymakers not keen on setting a precedent on use of the Section of RBI Act on such an issue.

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Bharti Airtel shareholders approve merger proposal with Tata Teleservices

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The filing detailed out the “voting results of the meeting of equity shareholders of Bharti Airtel” convened on August 28 as per the directions of the Principal Bench of the NCLT in New Delhi.

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Jet Airways to start 28 new flights next month

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In a release today, the airline said it would commence flight operations between Chandigarh and Lucknow, Ahmedabad and Jodhpur as well as Vadodara and Jaipur.

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Petrol, diesel at new high; government hopes it is temporary

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In Delhi, where the fuel is cheapest in all metros and most state capitals due to lower sales tax or VAT, a litre of petrol now comes for Rs 78.18 as against Rs 78.05 per litre rate of yesterday.

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JLR India registers 83% growth in 2017-18: MD

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We grew 83 per cent in the domestic market and over 50 per cent in Rajasthan during 2017-18, Rohit Suri, president and MD of JLR India, said while launching a new retail facility here.

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Air India to connect Mumbai with New York, resume Frankfurt services

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The winter schedule of airlines in the country starts from the last Sunday of October and remains in force till the last week of March, after which, the summer schedule comes into effect.

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Indian Oil earmarks Rs 22,000-crore capex for FY19

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Sanjiv Singh, the chairman of the nation’s largest oil marketing company, said the board has approved a capex plan of Rs 22,000 crore for FY19, of which around Rs 6,000 crore will be towards upgrading refineries to meet BS-VI emission norms.

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India Post Payments Bank to be launched in Telangana on September 1

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The nationwide launch would take place in 650 branches and 3,250 access points on September 1. Prime Minister Narendra Modi would launch IPPB in Delhi.

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