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India
Banks disburse over Rs 1.15 lakh crore under PM Mudra Yojana
Banks have so far disbursed over Rs 1.15 lakh crore under Pradhan Mantri MUDRA Yojana, financial services secretary Anjuly Chib Duggal said on Tuesday. MUDRA focuses on 5.75 crore self-employed who use funds totalling Rs 11 lakh crore and provide jobs to 12 crore people.
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India
NALCO share buyback delayed to 2016/17, official says
Aluminium company NALCO's plan to buy back up to 32.5 billion rupees ($483 million) of government shares will be delayed to the next fiscal year because of procedural delays, mines secretary Balvinder Kumar said on Tuesday.
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India
Mukesh Ambani’s telecom bet may rekindle family rivalry
India's richest man, Mukesh Ambani, is muscling into the cable TV sector as part of a media and telecoms offensive that pits him against his once-estranged younger brother Anil and threatens to shake up both industries.
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India
US industry body says India agreed to not issue ‘compulsory’ drug licences
India has given private assurances that it will not grant licences allowing local firms to override patents and make cheap copies of drugs by big western drugmakers, a US business advocacy group said. The comments were made in a report by the US-India Business Council to the US Trade Representative.
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India
Long road for new centres of excellence in India
The long-term sustainability of these new centres is a challenge. India needs at least 600 such institutes to stop 200,000 students migrating to foreign universities each year
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Cina India
India in agrarian crisis, NDA has curbed inflation: Arun Jaitley
Jaitley said that the import of cheap steel from China was hurting Indian manufacturers
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India
Govt to speed up port clearances
The government is lining up a series of steps to cut the time for clearing export and import consignments by half and help reduce the transaction time for Indian traders.
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India
5 PEs vie for IFCI’s 26% stake in SHCIL
At least five private equity investors, including Carlyle, Standard Chartered PE, NewQuest, Tata Opportunities Fund and Blackstone, are in the fray to buy IFCI’s 26% stake in Stock Holding Corporation of India (SHCIL), the largest custodian of securities.
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Cina
Wall Street falls on weak China data, lower oil
China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The report weighed on markets worldwide.
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Giappone
Hon Hai looks to delay signing of Sharp bailout as talks with creditor banks over losses continue
Taiwan’s Hon Hai Precision Industry Co. may delay until next week the signing of a deal to acquire struggling Japanese electronics maker Sharp Corp., due to ongoing talks with Sharp’s two main creditor banks over the firm’s potential future losses, it was learned Tuesday. In the wake of the recent ...