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ED arrests two more accused in Forex transfer case

New Delhi, Feb 25 (IANS) The Enforcement Directorate on Thursday arrested two more accused allegedly involved in illegal Forex transfer involving the Bank of Baroda. Two accused — Varun Bhatia and Gaurav Bhatia — were…


Jet Airways enters into partnership with Korean Air

New Delhi, Feb 25 (IANS) Leading Indian flyer Jet Airways on Thursday announced codeshare and reciprocal frequent flyer programme partnership with Korean Air for increasing connectivity further. “The codeshare cooperation with Korean Air is an…


Reliance Capital hives off commercial finance business

Chennai, Feb 25 (IANS) Anil Ambani-led Reliance Capital on Thursday announced hiving off its commercial finance division into a separate wholly owned subsidiary. In a statement, Reliance Capital said the board of directors approved the…



OPEC daily basket price closes lower

Vienna, Feb 25 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $28.30 a barrel on Wednesday, compared with $28.94 on Tuesday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes…


Disappointment over railway budget subdues equity markets

Mumbai, Feb 25 (IANS) Disappointment over the railway budget, coupled with negative Asian indices and derivatives expiry subdued Indian equity markets during the mid-afternoon trade session on Thursday. This led the barometer 30-scrip sensitive index…



Porto admits possible sale of Maicon

Lisbon, Feb 25 (IANS) Porto president Jorge Nuno Pinto da Costa has revealed that Brazilian defender Maicon Roque, who is on loan to Sao Paulo due to a controversial incident, is likely to be sold…



Disappointment over railway budget subdues equity markets

Mumbai, Feb 25 (IANS) Disappointment over the railway budget, coupled with derivatives expiry and a weak rupee subdued Indian equity markets during the afternoon trade session on Thursday. Negative Asian markets also dented sentiments. This…


New Malayalam news channel to be launched soon

Thiruvananthapuram, Feb 25 (IANS) Kottayam-headquartered Mangalam group, which publishes a daily newspaper and several magazines, has said it will soon launch a TV news channel in Malayalam. The channel will be an addition to the…





Indian equities trade flat ahead of rail budget

Mumbai, Feb 25 (IANS) Ahead of the presentation of the railway budget for the next fiscal year, key Indian equity indices opened flat on Thursday, with additional caution due to the expiry of contracts for…


Tokyo shares end higher

Tokyo, Feb 25 (IANS) Tokyo shares ended higher on Thursday following an upbeat overnight US equity market and the rebounding oil prices. The 225-issue Nikkei Stock Average jumped 111.24 points, or 0.70 percent, higher from…



Bangladesh to become AIIB founding member

Dhaka, Feb 25 (IANS) Bangladesh is set to become a founding member of the Chinese-government initiated Asian Infrastructure Investment Bank (AIIB) as the country’s parliament has passed a bill in this connection, the media reported…


Chinese shares open lower

Beijing, Feb 25 (IANS) Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.23 percent, at 2,922.24 points. The smaller Shenzhen index opened 0.16 percent lower at 10,290.96 points, Xinhua news…


Chinese yuan weakens

Beijing, Feb 25 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 16 basis points to 6.5318 against the US dollar on Thursday, according to the China Foreign Exchange Trading…