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Interim chairman Ratan Tata's half-brother Noel Naval Tata was believed to be the other contender.Only one of Tata group's two large investments--Corus and Jaguar Land Rover--in recent times has borne fruit.

Nearly six in 10 Americans don't have enough savings to cover a $500 or $1,000 unplanned expense, according to a new report from Bankrate.Only 41% of adults reported having enough in their savings account to cover a surprise bill of this magnitude.

Retail outlets (petrol pumps) will also be kept out of its purview.Now it is between banks and OMCs how they share it," he said.

7 per cent compared to a contraction of 3.Following demonetisation of Rs 1,000 and Rs 500 notes announced on November 8, 2016, it was feared that cash crunch will hit all sectors.

His father, Srinivasan Natarajan, was a lawyer by profession but also managed the family farm that grew bananas, rice and sugarcane.One of Chandrasekaran's early influences was his father, who wanted him to document every rupee he spent.

Supreme Court on Thursday rejected a request from the Sahara conglomerate to be given more time to deposit Rs 600 crore ($88 million) by February 6, despite the group's argument that a shortage of cash in the country was making it hard to raise the funds.The court also said it would send Sahara's chairman and founder Subrata Roy back to jail should the group fail to deposit the amount.

Tata Sons on Thursday named TCS chief N Chandrasekaran as its new chairman.The news came as Tata Consultancy Services, India's biggest software services company, reported its results on Thursday.

41 per cent in December, reflecting weak demand as consumers grappled with cash crunch following demonetisation.The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

But since then, its price has plunged more than 30% to around $760 after Chinese authorities stepped up scrutiny of bitcoin exchanges in the country, where the vast majority of bitcoin trading takes place.The latest drop was set off by news of spot checks from Chinese regulators on local bitcoin exchanges.

The news came as Tata Consultancy Services Ltd, India's biggest software services company, reported its results on Thursday."Let's not speculate," Chandrasekaran said, when asked at a news conference after the TCS results if he was getting the Tata Sons chairman's role.

9 per cent jump in profit to Rs 6,778 crore for the third quarter of the current fiscal.It had reported net profit of Rs 6,110 crore in the October-December period of last fiscal.

Focusing on home entertainment, Bose has announced the launch of SoundTouch 300 SoundBar and Lifestyle 650 and LifeStyle 600 home entertainment systems.1 channel system with four new OmniJewel satellite speakers, including high-excursion transducers positioned in opposing fashion for dramatic output.

The apex body comprising automakers has said that the words 'motor vehicles' have caused confusion, and has led to other vehicles, like trucks and buses, being taxed, when it was originally intended only for cars.The move to reduce the weighted deduction from 200 per cent to 150 per cent with effect from April 1, 2017 - which will remain at that level till March 31, 2020, and abolished thereafter - will be a bane for the industry.

The first wax museum attraction Madame Tussauds will debut in Delhi this June with its operator Merlin Entertainments foraying into India with an investment plan of 50 million pounds over the next 10 years.60 per cent of the figures will be local celebrities and rest global," Merlin Entertainments Director New Openings Europe and Emerging Markets Marcel Kloos told reporters.

Paving the way for Rs 3,050 crore cumulative penal action on telecom operators Bharti Airtel, Vodafone and Idea Cellular, the Attorney General is learnt to have opined that the Department of Telecom has power to impose penalty on grounds of poor quality of service.The Telecom Regulatory Authority of India (TRAI) had recommended imposing Rs 1,050 crore penalty each on Airtel and Vodafone and Rs 950 crore on Idea for violating quality of service rules.

47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business.Seven-year-old Xiaomi was briefly the world's most valuable startup and had hopes to be China's equivalent of Apple Inc.

After long drawn discussions, SpiceJet is all set to announce an order for 90-100 new aircraft estimated to be worth at least Rs 55,000 crore as the no-frills carrier looks to expand its fleet.The airline, which was on the verge of going kaput two years ago, is likely to place the order with US aircraft maker Boeing.

The Budget that Finance Minister Arun Jaitley presents on February 1, 2017 will boast of several firsts.It will also be the first budget, which will have the Railway budget merged with it.

The launch comes less than a week after the company said it was hiring former CNN reporter, anchor and host Campbell Brown to lead its news partnerships team.As part of the new project, Facebook said on Wednesday it would focus on improving its current storytelling formats such as Live, 360, and Instant Articles.

The Centre's ambitious Digital India programme is facing multiple challenges in successful implementation due to lack of clarity in policies and infrastructural bottlenecks, according to a report.This has put a major roadblock in providing high speed data services," it said.