
Daily Newsletter | Friday, February 12, 2016 | | | | Allahabad HC seeks report on lawyers' protests | | Taking a serious note of violent protests of lawyers in Lucknow, a seven-judge bench of the Allahabad High Court on Thursday took cognizance of the matter and directed the principal secretory (home) of the state to submit his report on the matter on February 18, 2016, the next date fixed by the court for the hearing. |
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| | ‘Flipkart exit harder than Myntra sale’ | | Mukesh Bansal’s journey at Flipkart began after his fashion e-commerce venture Myntra was acquired in May 2014 for $330 million by its crosstown rival. That was an emotional moment for Bansal, but leaving Flipkart and saying goodbyes now is even more difficult, he says. |
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| Smartphones sound the death knell for cameras | | Nao Noguchi is a perfect illustration of why Japanese camera sales have plunged -- she uses her smartphone for everything and cannot understand why anyone would bother with a separate device. |
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| | | Wipro buys US IT firm for Rs 3,000cr | | Wipro is buying US-based insurance technology platform HealthPlan Services for $460 million (over Rs 3,000 crore), its fourth acquisition in less than six months and its biggest since the $600-million buyout of US data centre provider Infocrossing in 2007. |
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| SBI sees record Rs 20k cr loans turn bad, Q3 profit slides 62% | | Corporate loans of over Rs 20,000 crore advanced by State Bank of India soured and Bank of India reported a loss of Rs 1,505 crore in the quarter ended December 2015 as the RBI's move to get banks to unearth bad loans played out in quarterly results. |
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| | Krishna Raj Kapoor critical | | The matriarch of the first family of Bollywood, Krishna Raj Kapoor has been in Mumbai’s Breach Candy Hospital for close to a fortnight now.She was admitted for age-related health issues. |
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