LIVE Updates | Google offers Indian businesses free websites

LIVE Updates | Google offers Indian businesses free websites

Internet giant Google on Wednesday launched a low-cost scheme to help small Indian businesses start their own websites as the country’s booming economy increasingly moves online.

Registry costs and all technological support on building the website would be free for a year before monthly pay-as-you-go fees kick in.

“The initiative aims to break down the barriers that stop small businesses from getting online by offering a quick, easy and free tool to set up and host a website," Google said in a press release. (AFP)

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Arvind divests stake in JV for Rs257 crore

Apparel firm Arvind Ltd said on Wednesday it has divested its minority stake of 40% in VF Arvind Brands to VF Mauritius for Rs257 crore in an effort to reduce debt. (Reuters)

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Bajaj bike sales up 7% in October

The country’s second largest two-wheeler maker Bajaj Auto on Tuesday reported 6.46% increase in its motorcycle sales in October at 3,51,083 units.

BAL said exports grew 19.53% during the month at 1,31,948 units compared to 1,10,387 units in October 2010.

In the three-wheeler category, company said its sales stood at 44,191 units as against 41,040 units in the same month last year, registering a jump of 7.68 per cent.

Total vehicle sales of the company in last month stood at 3,95,274 units compared to 3,70,816 units in the same period a year ago, a growth of 6.60%, the statement said. (PTI)

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GAIL India eyes $1 bn shale gas investments

State-run gas firm GAIL India aims to invest $1 billion in shale gas assets globally in one year’s time, its chairman B.C. Tripathi said on Wednesday.

In September, GAIL said it had agreed to buy a 20% stake in one of Carrizo Oil & Gas Inc’s shale gas assets in the United States. (Reuters)

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HDFC to raise at least 200 crore via zero coupon bonds

India’s Housing Development Finance Corp is planning to raise at least 200 crore through 1-year, 1-day zero coupon bonds, yielding 9.90% on maturity, two sources with direct knowledge of the matter told Reuters on Wednesday.

Barclays Capital is the sole arranger to the deal.

The pay-in date for the issue is 4 November, said a source. (Reuters)

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Nitish for right to recall elected representatives

Bihar chief minister Nitish Kumar on Tuesday said he was, in principle, in favour of the right to recall elected representatives of the people, but said a debate was needed on the issue.

“Being a follower of Loknayak Jayaprakash Narayan, I am, in principle, in favour of Right to Recall," Kumar told reporters in Patna.

“But it will be better to have a debate over the demand for Right to recall or Right to reject," he said. (PTI)

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ICC may now investigate Kamran, Riaz

The ICC may now initiate fresh investigations against Pakistani players Kamran Akmal and Wahab Riaz following the conviction of their team-mates Salman Butt and Mohammad Asif in the spot-fixing scandal.

According to a report in the Daily Telegraph, the guilty verdicts handed out to Butt and Asif by the Southwark Crown Court here yesterday, could form the basis of a fresh anti-corruption probe against wicketkeeper Kamran and left-arm pacer Riaz, whose names appeared during the entire controversy.

“The International Cricket Council will examine closely evidence gathered by police officers in London who investigated the fixing case involving three Pakistan cricketers," the report claimed. (PTI)

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Greek referendum may be brought forward to December

Greece’s planned referendum on its latest bailout deal may be brought forward by about a month to December, the country’s interior minister said on Wednesday.

“There is a possibility to hold the referendum earlier (than January), within December," Interior Minister Haris Kastanidis said on state television.

This would happen if Greece and its international partners work out the details of the bailout agreement earlier than planned, Kastanidis said. Kastanidis had said earlier this week that the referendum would most likely be held in January. But government spokesman Ilias Mosialos said earlier on Wednesday, without elaborating, that it would be held as early as possible. (Reuters)