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India
India, RCEP members to discuss trade pact in Brunei starting February 15
The Regional Comprehensive Economic Partnership is a trade deal that aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights
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India
Patient challenges patent on two key HIV drugs
patient suffering with HIV has opposed patent applications for two important HIV medicines, dolutegravir and cabotegravir, thwarting an attempt by ViiV Healthcare (a joint venture by Pfizer and GlaxoSmithKline) to obtain monopoly rights on the drugs, in India.
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India
Rupee ends at fresh 29-month low of 68.30, down 45 paise
The rupee plummeted by 45 paise to end at an over 29-month low of 68.30 a dollar on fresh demand for the US currency from banks and importers in view of sharp fall in equities amid foreign capital outflows.
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India
Rupee at new 29-month low, closes at 68.30 vs dollar
The rupee on Thursday plummeted by 45 paise to end at an over 29-month low of 68.30 a dollar on fresh demand for the US currency from banks and importers in view of sharp fall in equities amid foreign capital outflows.
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India
Government to link saving deposits to market rates
India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, economic affairs secretary Shaktikanta Das said. The move is likely to irk small savers and could be unpopular politically.
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Cina India
Tata Motors profit dented by drop in Jaguar Land Rover’s Chinese sales
Tata Motors reported on Thursday strong sales by its British Jaguar Land Rover subsidiary in Europe and North America in third quarter, offsetting a drop in China. JLR's profit rose to 14.4% from 12.2% in the preceding quarter, but was still down from nearly 20% in earlier quarters.
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India
Raghuram Rajan says banks will be restored to health
Reserve Bank of India governor Raghuram Rajan said on Thursday efforts by the central bank and the government to clean up banks' balance sheets would be successful and warned analysts against "scaremongering" about the level of stressed assets in the sector.
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India
ONGC aims for ‘new drilling contracts’ in cost-saving drive
Oil and Natural Gas Corp hopes to agree new cheaper drilling contracts for its western offshore fields, two sources involved in the matter said, in its biggest ever cost-saving drive in response to lower crude prices.
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India
Worrying imbalances lurk below India’s high headline growth
India's turbocharged growth figures have been criticized by many analysts for giving too flattering a view of Asia's third-largest economy. Closer scrutiny reveals another reason to worry: it's the wrong kind of growth. There was little sign of an upturn in private capital investment.
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India
Gross bad loans of 6 listed PSU banks more than double their market value
Most banks are expected to report an increase in bad loans after the Reserve Bank of India directed them to proactively identify stressed loans as NPAs.