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India
Loans to become cheaper as RBI cuts key rate to 5-yr low
Home loans and other borrowings are set to get cheaper by at least half a percentage point in the coming months following Reserve Bank of India (RBI) governor Raghuram Rajan’s decision to cut rates by 25 basis points to 6.50% — an over-five-year low.
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India
Debt MFs offer higher returns than FDs
RBI governor Raghuram Rajan’s decision to cut the repo rate by 25 basis points is sure to result in some cut in interest rates in bank fixed deposits (FDs), making it tougher for risk-averse investors who depend on interest income to meet their expenses.
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India
Corporates may get another chance to enter banking
Some large corporate houses that lost out on a universal bank licence may get an opportunity to enter banking through the wholesale bank route.
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India
From debt to default, things you must know
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India
‘Naming defaulters will chill biz’
RBI governor Raghuram Rajan on Tuesday made a strong case for keeping confidential the identity of borrowers who failed to repay on time as long as it was not a case of wilful default.
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India
West has double standards on climate change, says Goyal
New Delhi, April 6 (IANS) Charging the Western nations with adopting double standards in their approach to climate change, Indian Power Minister Piyush Goyal on Tuesday urged them to "show some magnanimity" and keep renewable energy out of the World Trade Organisation (WTO) framework.
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India
Sensex regains 25k mark, up 117 points in early trade
After Tuesday's major fall, the benchmark BSE Sensex recaptured the crucial 25,000-mark by rebounding 117 points in early trade on fresh buying by funds and retail investors in bluechips amid firm Asian cues.
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Giappone
South Dakota oil spill forces Keystone pipeline halt; TransCanada hit for tardy reporting
The Keystone pipeline will likely remain shut down for the rest of the week while officials investigate an apparent oil spill in southeastern South Dakota. Oil covered a 300-sq.-foot area in a farm field ditch 4 miles from a Freeman-area pump station, about 40 miles southwest of Sioux Falls. It ...
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Giappone
Docomo, Softbank ordered to end excessive smartphone discounts
Japan’s telecommunications ministry instructed major mobile phone carriers NTT Docomo Inc. and Softbank Corp. on Tuesday to stop selling smartphones effectively for free in defiance of guidelines aimed at ending excessive discounts. This is the first time that the Internal Affairs and Communications Ministry has issued such an administrative directive ...
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Giappone
Ailing Schindler to exit elevator, escalator sales, maintenance in Japan
Schindler Elevator K.K. said Tuesday it will withdraw from the sales and maintenance businesses for elevators and escalators in Japan. The Japanese arm of Switzerland’s Schindler Group will sell the service business to Nippon Otis Elevator Co. Following fatal accidents caused by Schindler elevators in Tokyo’s Minato Ward and the ...