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India
Ease liquidity conditions or lower policy rates further
he Economic Survey has backed the idea of more easing of interest rates. It said the effective stance of monetary policy could be relaxed in two ways.
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India
RBI’s funds can be used to recapitalize PSU banks
The Reserve Bank of India (RBI) could deploy its capital or the government could sell off assets that it no longer wants to hold in non-financial companies and use the proceeds to make additional investments in public sector banks (PSBs), according to the Economic Survey.
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India
Investors slam $75m exit deal for Mallya
USL Says Ex-Chief Only Absolved Of Future Civil Liabilities, But Will Have To Repay Debt
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India
SBI and other bank employees to go on strike on Budget day
All India Bank Officers Confederation (AIBOC) has threatened to go on strike to protest termination of P V Mohanan, General Secretary of Dhanlaxmi Bank. The country's largest lender SBI on Friday said a section of its employees may take part in the said agitation on February 29.
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India
UltraTech scraps plan to buy Jaiprakash cement plants
UltraTech Cement has scrapped plans to buy two of Jaiprakash Associates' cement plants in central India after a court said the deal could not be allowed under current regulations. While UltraTech is part of the Aditya Birla Group, Jaiprakash best-known as the builder of India's Formula-1 track.
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India
Rupee bounces back by 10 paise vs dollar, trades at 68.62
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India
As Modi euphoria cools, India faces test to keep foreigners invested
Nearly two years after Narendra Modi was elected as Prime Minister with an ambitious business-friendly agenda, the feeble pace of reforms is starting to test the patience of one of his biggest group of supporters — foreign investors. They are showing their displeasure by heading for the exit.
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India
United Spirits to pursue recovery of $195 million United Breweries loan
United Spirits Ltd said it will continue to pursue a claim for the recovery of $195 million of loans to former group company United Breweries Holdings Ltd even after its founder Vijay Mallya agreed to leave the company. Mallya agreed on Thursday to give up his chairmanship and board position ...
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India
WB govt to acquire Jessop, Dunlop: Mamata
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Giappone
U.S. studying sophisticated cyberattack on Ukraine power grid
A U.S. investigation found that a December hack on the Ukrainian power grid was coordinated and highly sophisticated. The report, released Thursday, offers a detailed look at one of the first cyberattacks to succeed in taking down part of a national power grid. The well-planned strike, which blacked out supplies ...