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India
Global funds drawn to India’s record $120 billion sour debt
Bad loans at Indian banks jumped by nearly a third to around $60.3 billion late last year as the RBI drives a clean-up of banks' balance sheets. That figure doubles to a record amount when restructured, or rolled over, loans are included — amounting to 11.3% of all loans, the ...
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India
Rate cut expected, with RBI seen staying ‘accommodative’
The Reserve Bank of India is expected to cut its policy interest rate by a quarter percentage point on Tuesday, lowering it to a more than five-year low while dangling the prospect of another cut later this year if inflation trends stay benign.
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India
Rupee marginally up, by 2 paise, against dollar
The Rupee edged higher by 2 paise to 66.19 against the dollar in early trade on Tuesday on fresh selling of the American currency by exporters and banks ahead of Reserve Bank's first bi-monthly monetary policy meet for 2016-17.
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India
Rupee marginally up 2 paise against dollar
Rupee edged higher by 2 paise to 66.19 against the dollar in early trade on Tuesday on fresh selling of the American currency by exporters and banks ahead of Reserve Bank's first bi-monthly monetary policy meet for 2016-17.
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India
Sensex trips 125 points ahead of RBI policy
Domestic investors were cautious ahead of Reserve Bank's monetary policy meet as the market benchmark Sensex dropped over 125 points in early trade. The NSE Nifty also down by 32.80 points or 0.42 per cent at 7,726
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India
Global funds drawn to India's record $120 billion sour debt
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India
Noida businessmen eye 'start-up capital'
'City better placed than Bangalore, Gurgaon'
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India
Govt plans selloff in 16 PSUs, may mop up Rs 40k cr
Finance ministry has drawn up a list of 16 PSUs including ONGC, Oil India and Coal India for disinvestment in 2016-17 which could fetch the exchequer Rs 40,000 crore at current stock value.
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India
‘Our target is 3-times gains on IT investments’
Amit Dixit, senior MD and co-head of private equity in Blackstone India, is upbeat about the Indian IT sector and the potential upside it can unlock for the world’s largest PE player with over $330 billion worth of assets under management globally.
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India
In a first, Panasonic appoints Indian to global executive council
Japanese electronics giant Panasonic has appointed senior executive Manish Sharma to its global executive council, inducting an Indian onto the coveted decision-making body of the $80-billion company for the first time ever.