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French Interior Minister Backs FBI in Apple Battle

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French Interior Minister Bernard Cazeneuve voiced support Friday for President Barack Obama’s administration in its efforts to get Apple to unlock the iPhone of one of the San Bernardino attackers. “I completely understand the US administration’s concerns, which I share,” Cazeneuve said during a talk on counterterrorism at George Washington University. The FBI is pressing Apple to develop a system that would allow the law enforcement agency to break into the suspect’s locked iPhone, a demand the tech company claims would make all its devices vulnerable, including to criminals and…

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Mumbai, Bangalore Ranked Among Cheapest Cities in World: Report

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London: Mumbai and Bangalore are among the cheapest cities in the world, according to a top London-based forecast group that named Singapore as the most expensive city. Economist Intelligence Unit (EIU) ranked Singapore as the priciest ahead of Zurich, Hong Kong, Geneva and Paris. It also said India and Pakistan accounted for five of the ten least expensive cities in the world. London was sixth and New York seventh on the list that compared the cost of a basket of goods across 133 cities, BBC News reported. The cheapest were…

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Crisil Sees GDP Growing At 7.9% in 2016-17

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Mumbai: The country’s GDP can grow by 7.9 per cent next fiscal if the monsoon is normal and government implements the reform measures announced so far, domestic rating agency Crisil said on Friday. The growth forecast, highest by any house and even above the government’s own estimate of 7-7.75 per cent, has been arrived assuming a faster growth in agriculture, Crisil Chief Economist Dharmakirti Joshi said in a concall today. The country has faced weather shocks for three consecutive years, including two years of deficient rains in 2014 and 2015,…

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Factory Output Contracts For The Third Month In A Row

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Factory output in January contracted for the third straight month, in an indication that the manufacturing sector continues to struggle with sluggish demand and overcapacity. According to data released on Friday, factory output — measured by Index of Industrial Production (IIP) –  contracted 1.5 per cent in January. The higher-than-expected decline was on account of the sharp de-growth in capital goods, whose output shrank 20.4 per cent. Consumer goods output growth was flat. 10 out of the 22 industry groups in the manufacturing sector recorded negative growth in January 2016…

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Vitara Brezza’s Pricing Could Catapult Maruti In SUV League

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Maruti is counting on the success of Brezza to make it a dominant player in the utility-vehicle space Maruti Suzuki, which launched its all-new Vitara Brezza model on Tuesday, will benefit from the compact SUV’s aggressive pricing, says Ambit Capital Research. “Brezza has been launched at a starting price of Rs. 6.99 lakh (for the base LDi model). This is around 15 per cent cheaper than the entry-level model of EcoSport and close to 4 per cent cheaper than the entry-level TUV300 model,” the brokerage said. Ambit estimates the Vitara…

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Soldiers in Sensitive Areas to Get Secure Mobile Phones: Minister

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The government will soon provide secure mobile phones to soldiers along the international borders and in Naxal affected areas, Minister of State for Home Affairs Haribhai Parthibhai Chaudhary said in New Delhi on Friday. “You would be surprised to know that even today our soldiers do not have a mobile phone, as such on a short-term period basis, we are planning to provide mobile phones to army personnel in the border areas and Naxal affected zones so that they can keep in touch with their family via 3G mobile connection,”…

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