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Fortis to buy 24% Parkway Holdings pie for $685 mn

Hospital chain Fortis Healthcare on Thursday said it is acquiring 23.9 per cent stake in the Singapore-based healthcare firm Parkway Holdings for about $685.3 million (nearly Rs 3,100 crore).

Food inflation spreading to other areas: RBI

The Reserve Bank on India on Thursday said that high inflation, primarily driven by food prices, has begun to spread to the broader economy now, but it is likely to ease in the coming months on the back of an expected moderation in food prices with the arrival of fresh crops.

Bosch warns of lockout at Bengaluru

Automotive technology major Bosch Ltd on Thursday said it may be 'compelled' to declare a lockout at its main manufacturing unit in Bengaluru, three days after it shut operations at Naganathpura plant.

Ultra-low sulphur diesel in Delhi from Apr 1

The air quality in the national capital is set to improve soon with introduction of cleaner and greener ultra-low sulphur diesel (ULSD) from April 1.

Opposition accuses govt of ignoring 'aam aadmi'

Charging that the Budget had ignored the 'aam aadmi', on Thursday said the government failed miserably to address price rise and inflation that would bring down the economic growth rate.

Time, cost overruns delay infra projects

Time and cost overruns have delayed 850 infrastructure projects out of a 1,035 during the period between 1992 and 2009, says a study.

Govt borrowings may pose a risk, if. . .: RBI

The Reserve Bank of India on Thursday said that the government's borrowing programme for the next fiscal was unlikely to pose a major challenge to it, but risks may emerge if the target exceeded the budgeted level.

AI to introduce new flights from March 28

Air India will introduce new flights and also increase frequency of flights on various sectors from March 28, when summer schedule comes into effect.

Sharma assures traders of help for forex loans

Commerce and Industry Minister Anand Sharma today assured exporters of government mediation to ensure that they get foreign currency loans at the new lower rate set by the RBI amid complaints against banks levying additional charges.

India to be in top 5 markets soon: Domino's Pizza

United States-based quick service restaurant chain Domino's Pizza on Thursday said share of India in its global revenue would increase substantially in the near future and that the country would become one of its top five revenue garners within three years.

India to suffer for half a decade: Yechury

Observing that it will take another half a decade for the country to fully recover from effects of economic slowdown, senior CPI (M) leader Sitaram Yechury said increased spending on infrastructure sector could help accelerate the pace of growth.

Budget helps conmen, not the common man

A change that the Budget proposes to make could end up helping Indians who might have laundered their ill-gotten money, says M R Venkatesh.

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