GDP growth to exceed 7.5% this fiscal: Govt

The Indian economy expanded by 7 percent in the first quarter (April-June) of current fiscal.

• Govt imposes 20% safeguard duty on select steel products
• Govt mulls selling LED bulbs at Rs 44 under DELP scheme

Deutsche slashes December Sensex target to 28,000

Deutsche Bank slashed its year-end Sensex target to 28,000 from 31,000 on concerns over global growth.

• Foreign investors allowed to buy upto 40% in Maruti Suzuki
• RBI to cut rates irrespective of Fed moves: Ind Ra

Ola to invest Rs 5,000 crore in cab leasing business

Under the programme, drivers can lease a car for a minimal initial deposit of Rs 35,000.

• Shiv Nadar, Sanjay Kalra line up $500 mn to buy IT firms
• Air India may see another strike as pilots oppose Labour Ministry move

Dubai property developers upbeat despite falling prices

There is a negative sentiment largely driven by oil prices.

• Linking of user charges to inflation for Smart Cities proposed
• 'Smart City plans should come up in consultation with people'

Deutsche Bank to cut about 23,000 jobs: Sources

Deutsche Bank aims to cut jobs mainly in technology activities and by spinning off its PostBank division.

• Airbus to open US jet production plant in a first
• China seizes up to $157 bn of unspent local govt budgets: Sources

US regulator clears Nokia acquisition of Alcatel-Lucent

It`s a step closer towards creating the world`s biggest supplier of mobile phone network equipment.

• Now pay in 'Cash' for your travel fare with Uber
• Telephone exchange case: SC extends stay on Maran's arrest