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Sterling skids on Brexit anxiety; investors hope for Trump clarity

All the early action was in currencies where the pound sank as low as $1.1983, depths not seen since the flash crash of Oct.

Jan 16, 2017

Essilor, Luxottica merge to create a luxury eyewear giant; all you need to know about the mega merger

The combined entity will be named EssilorLuxottica that will have a presence in more than 150 countries.

Jan 16, 2017

Oil prices edge up on weaker dollar, expected crude output cuts

Traders said that prices were buoyed by a weakening dollar, which makes fuel purchases cheaper for some countries.

Jan 16, 2017

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Bombay Stock Exchange fixes price band for IPO

BSE has fixed the price band between Rs 805-806 apiece for its market launch.

Jan 16, 2017

Peta buys stake in Louis Vuitton's parent company to push against use of exotic animal skin

Peta's move follows its expose of crocodile farms in Vietnam. The organisation released a video last month showing reptiles getting killed in farms which had supplied skins to a tannery owned by LMVH.

Jan 15, 2017

Brace up! India's telecom pricing war will further intensify, says JP Morgan

Given that most incumbent telcos are comfortably based on financial metrics, any aggressive pricing strategy would likely be matched, JP Morgan said.

Jan 15, 2017

American furniture brand Ashley to launch 100 stores in India

No specific time-line has been provided for the launch of its stores in India.

Jan 15, 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good.

Jan 15, 2017

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Post Chandrasekaran's promotion, investors worry over TCS future: Report

Ahead of an unpredictable year owing to US elections, Brexit, TCS investors remain worried.

Jan 15, 2017

Sebi allows mutual funds to invest in REITs and InvITs, but with strict riders

The market regulator also allowed celebrity endorsements of mutual funds at an industry level, but not a particular scheme or as a branding exercise of a mutual fund house.

Jan 15, 2017