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LICs investment in ITC makes govt party to tobacco promotion PIL

The Bombay High Court on Thursday heard a petition alleging that PSU insurers such as LIC are going against the government’s anti-tobacco stand by investing in cigarette manufacturing company ITC. The World Health Organization tobacco treaty bars the government from investing in tobacco companies, they said. The petitioners also said that the investments make the government party to tobacco’s promotion. The six petitioners include the Managing Trustee of the Tata Trusts, Lakshman Sethuraman, Ashish Deshmukh, Member of Maharashtra Legislative Assembly, Sumitra Hooda Pednekar, widow of a Maharashtra Minister who died of throat cancer, Pankaj Chaturvedi, a Surgeon…

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Watch out if tax reform gets bogged down, Jim Cramer warns

Wall Street could witness another sell-off if President Donald Trump’s tax reform plan gets bogged down, CNBC’s Jim Cramer warned on Monday. “I still think that Trump with Gary Cohn and a different team working to try to get this through we’ll have some luck,” Cramer said on “Squawk on the Street.” U.S. stocks opened sharply lower Monday, the first business day after the scheduled House vote on a repeal of Obamacare was pulled because Trump and House Speaker Paul Ryan had failed to gain enough support from Republicans. In…

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Cambodia’s ‘Buzzfeed’ Attracts Silicon Valley Investment

Khmerload.com, based in Phnom Penh, is the first Cambodian tech startup to receive Silicon Valley financial backing. PHNOM PENH, CAMBODIA  Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become the country’s first local tech startup to attract the backing of Silicon Valley investors. A $200,000 investment to be exact. The money came from 500 Startups, a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai, who took notice of the website, launched five years…

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Let Government Staff’s Pension Funds To Invest 50% In Equities: PF Body

   Hyderabad: The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 per cent from 15 per cent now. The regulator has sent a proposal to government seeking to allow government subscribers (state and Central government employees) invest up to 50 per cent in equities under the NPS, Pension Fund Regulatory and Development Authority chairman Hemanth Contractor said here on Thursday. The authority manages about Rs. 1.70 trillion of funds belonging to…

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BSE To auction funding Limits For Rs 4,046-Crore authorities Bonds

New Delhi: leading stock alternate BSE will on Monday public sale funding limits for remote places buyers for the purchase of government debt securities really worth Rs 4,046 crore. The public sale will be conducted on BSE’s ‘e-bidxchange’ platform from three:30 p.m. to 5:30 p.m., after the close of market hours. The debt auction quota offers foreign places traders the proper to make investments in the debt, as much as the restrict purchased. “stay bidding consultation for allocation of debt investment limits for FII (overseas institutional buyers)/FPI (overseas portfolio traders)/sub…

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government keen On Joint improvement Of Oil, gasoline Blocks In Qatar

Doha: The Indian authorities on Sunday evinced hobby in joint exploration of latest oil and fuel fields as well improvement of located property in electricity rich Qatar. It additionally invited the Gulf nation to invest in the usa’s exploration and production region through bidding for the blocks beneath the new Hydrocarbon Exploration and Licensing coverage and participate in disinvestment of Indian public area undertakings (PSUs). besides, a memorandum of knowledge (MoU) became signed with Qatar funding Authority for facilitating Qatari funding inside the Rs 40,000-crore country wide investment and Infrastructure…

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