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Inflation, credit worries slam Wall St (19 August 08:43) |
| NEW YORK (Reuters) - U.S. stocks fell 1 percent on Tuesday on a report showing sharply higher inflation, which could threaten the economy, and more worries that financial companies face stee... |
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India may raise diesel prices for industries (19 August 08:35) |
| NEW DELHI (Reuters) - The government may charge higher diesel prices for industrial users and allow Reliance Industries to sell gas oil from its export-focused refinery to local retailers st... |
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Indian bank strike seen unlikely to disrupt markets (19 August 07:21) |
| MUMBAI (Reuters) - A strike called for Wednesday by some Indian banking unions protesting consolidation of state-run banks may partly affect banking operations, although the Bombay Stock Exc... |
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Escorts sees 10-12 pct rise in tractor sales in FY08 (19 August 07:20) |
| NEW DELHI (Reuters) - Escorts Ltd expects to post a 10-12 percent rise in tractor sales for the year-ending September 2008 and eyes raising tractor prices in a month, a senior official said ... |
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China and co stand between world and "recession" (19 August 07:02) |
| HONG KONG (Reuters) - A slowdown that has caused major economies in Europe and Japan to shrink will bring more pain before it ends but will unlikely become a global recession because of the ... |
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Deccan Aviation gets nod to fly overseas (19 August 06:49) |
| MUMBAI (Reuters) - The Civil Aviation Ministry has given the nod to Deccan Aviation to fly overseas effective Aug. 26, a government statement said on Tuesday.
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Oil falls to $112 after storm moves on (19 August 06:15) |
| LONDON (Reuters) - Oil prices fell to around $112 on Tuesday after a tropical storm in the Gulf of Mexico avoided oil and gas installations.
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RBI must continue tight policy - former adviser (19 August 04:50) |
| MUMBAI (Reuters) – The Reserve Bank of India (RBI) should continue with its tight monetary stance and moderate money supply growth further to contain inflation, a former adviser to the... |
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Reliance Comm aims at leading DTH market (19 August 04:49) |
| MUMBAI (Reuters) - Reliance Communications Ltd said on Tuesday its new satellite television operation can grab a market-leading 40 percent share in a year on expected strong overall demand f... |
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ITC tech arm buys US firm for $25 mln (19 August 04:05) |
| BANGALORE (Reuters) - ITC Ltd, India's top cigarette firm, said on Tuesday its information technology arm had acquired U.S-based technology company Pyxis Solutions for about $25 million to b... |
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PM econ panel sees lower growth, fiscal stress (13 August 10:59) |
| NEW DELHI (Reuters) - India's economy is expected to grow 7.7 percent in the fiscal year ending March 2009, and a tight monetary stance is necessary to bring down inflation to 8-9 percent by... |
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Rupee falls to 2-week low on lower stocks (13 August 10:53) |
| MUMBAI (Reuters) - The rupee fell to its lowest in more than two weeks on Wednesday as dollar demand for oil purchases weighed and losses in the local stock market fuelled concerns about cap... |
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Gold near 8-month lows as dollar weighs, platinum up (13 August 10:45) |
| SINGAPORE (Reuters) - Gold was within sight of its lowest level in eight months on Wednesday, barely reacting to a slight drop in the U.S. dollar as investors reassessed their positions afte... |
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Nikkei down 2.2 pct on GDP, global economy worry (13 August 10:37) |
| TOKYO (Reuters) - The Nikkei average slid 2.2 percent on Wednesday, with a wide range of shares including Canon Inc hurt by growing worries about both the domestic and global economies.
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Tata Capital in alliance with Mitsubishi UFJ (13 August 10:32) |
| MUMBAI (Reuters) - Tata Capital said on Wednesday it had signed a memorandum of understanding with Mitsubishi UFJ Securities Co for investment banking, global offerings of Indian equities a... |
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Tata Steel signs JV for steel complex in Vietnam (13 August 10:28) |
| MUMBAI, Aug 13 (Reuters) - Tata Steel Ltd said on Wednesday its Singapore unit signed a joint venture agreement with Vietnam Steel Corp and Vietnam Cement Industries to build a steel complex... |
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Indian shares open 1.2 pct lower (13 August 10:09) |
| MUMBAI (Reuters) - Indian shares opened 1.2 percent lower on Wednesday, led by ICICI Bank and Reliance Industries.
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NSE adds 39 scrips for F&O trading (13 August 09:56) |
| MUMBAI (Reuters) - The National Stock Exchange will introduce thirty-nine shares for trade in the futures and options with effect from August 21, the exchange said in a statement late on Tue... |
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NMDC to tie up with Rio Tinto - report (13 August 09:43) |
| NEW DELHI (Reuters) - State-run mining firm NMDC Ltd will sign an agreement next week with global miner Rio Tinto to buy mineral assets, the Indian Express newspaper said on Wednesday.
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Chinese shoppers go on record spending spree (13 August 09:23) |
| BEIJING (Reuters) - Chinese shoppers turned in a gold-medal performance in July as annual growth in retail sales accelerated to a record 23.3 percent on the back of rising incomes.
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SpiceJet says WL Ross, Goldman to invest $100 mln (11 August 09:32) |
| NEW DELHI (Reuters) - Budget carrier SpiceJet Ltd said private equity investor WL Ross & Co LLC and Goldman Sachs will invest 4.21 billion rupees ($100 million) in the firm.
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Dollar, Amazon.com lift tech; Dow, S&P 500 flat (11 August 09:20) |
| NEW YORK (Reuters) - The Nasdaq composite index edged higher on Monday as the stronger dollar boosted the allure of U.S. investments and Citigroup projected strong sales for Amazon.com Inc's... |
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NTPC says signs pact for power exchange (11 August 09:17) |
| BANGALORE (Reuters) - India's top power producer, state-run NTPC Ltd, said on Monday it had signed an agreement with three other companies to set up a power exchange in Asia's third-largest ... |
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Govt panel sees 08/09 oil demand up 6.3 pct (11 August 09:01) |
| NEW DELHI (Reuters) - A top government panel expects India's oil demand to rise 6.3 percent in the current fiscal year and suggests higher fuel prices, use of natural gas to replace diesel a... |
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Govt to review rules on P-notes on Wednesday (11 August 07:24) |
| NEW DELHI (Reuters) - India's capital markets regulator will on Wednesday review rules on participatory notes, banned last October to help the government keep track of the source of foreign ... |
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SBI raises lending rate by 100 bps (11 August 07:07) |
| NEW DELHI (Reuters) - State Bank of India, the country's top lender, will increase its prime lending rate by 100 basis points to an annual 13.75 percent, effective Tuesday, it said in a stat... |
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Govt may double shares limit for pvt pension funds (11 August 07:04) |
| NEW DELHI (Reuters) - The government may allow private pension funds to double their investments in shares to 10 percent of assets and will announce its decision later this week, a finance m... |
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Govt may tweak rate spreads for overseas borrowing (11 August 05:57) |
| NEW DELHI (Reuters) - India will not raise limits for corporate foreign borrowing despite pressure from firms wanting to tap cheaper funds amid rising rates at home, but may revise interest ... |
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Govt approves 10 road projects for $2.5 bln (11 August 05:10) |
| NEW DELHI (Reuters) - The government on Monday approved 10 road projects to be build with the help of private firms at a cost of 105.07 billion rupees ($2.5 billion), the finance ministry sa... |
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India's July gold imports drop 56 pct on year - trade (11 August 03:48) |
| MUMBAI (Reuters) - India's gold imports in July fell nearly 56 percent from a year ago as higher prices led to a drop in retail sales, a top industry official said on Monday.
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Rupee rises as oil softens, stocks eyed (11 August 09:27) |
| MUMBAI (Reuters) - The rupee crept up on Monday on expectations that soft oil prices and firm Asian stock markets may attract fresh inflows, a key support for the local unit.
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Dr Reddy's gets FDA nod for osteoporosis drug (11 August 09:12) |
| MUMBAI (Reuters) - Indian drugmaker Dr. Reddy's Laboratories Ltd has received approval from the U.S. Federal Drug Administration to make and market alendronate sodium tablets, the regulator'... |
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Hero Honda raises prices on some bikes (11 August 08:59) |
| MUMBAI (Reuters) - Hero Honda Motors Ltd, India's top motorbike maker, has raised prices of some models to partially offset rising costs of raw materials, the company said.
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Nikkei up 1.7 pct on yen, receding inflation fears (11 August 08:51) |
| TOKYO (Reuters) - The Nikkei average rose 1.7 percent on Monday, boosted by Honda Motor Co and other exporters on a softer yen and easing worries about inflation and corporate profits after ... |
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GLOBAL MARKETS - Asia stocks climb on lower oil, stronger dollar (11 August 08:23) |
| HONG KONG (Reuters) - Asian stocks rose on Monday and the dollar hit a six-month high against the euro as oil briefly slipped below $115 a barrel and a view that the U.S. dollar's long-term ... |
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Gold ticks above 3-month low but tone cautious (11 August 08:19) |
| SINGAPORE (Reuters) - Gold advanced on Monday with the help of bargain hunting and a rebound in oil, but sentiment has been shaken by a surge in the U.S. dollar, which had triggered a sell-o... |
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Oil rises over $1 on military conflict in Georgia (11 August 08:02) |
| PERTH (Reuters) - Crude oil topped $116 a barrel on Monday, rebounding from the previous session's decline on concern that fighting between Russia and Georgia could disrupt energy exports fr... |
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Oil vulnerable as OPEC supply cushion thins - Iran (10 August 08:17) |
| TEHRAN (Reuters) - Rising OPEC output has cut the group's spare capacity and left the oil market vulnerable to any surprise supply disruptions, Iran's OPEC governor said on Sunday.
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Branson warns U.S. presidential candidates on BA/AA (10 August 06:30) |
| LONDON (Reuters) - Virgin Atlantic owner Sir Richard Branson on Sunday wrote to U.S. presidential candidates Barack Obama and John McCain warning that a link-up between British Airways and A... |
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Games could cause brief dip in growth - economists (10 August 04:26) |
| BEIJING (Reuters) - The transport restrictions and factory closures that China has ordered as part of its drive to clean Beijing's air for the Olympics could lead to a dip in overall economi... |
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Iran, Algeria to discuss OPEC-style gas group - report (10 August 02:14) |
| TEHRAN (Reuters) - Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian president Abdelaziz Bouteflika to Tehran, Iran's ambassador to... |
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Tata Tele to spend $2bln to expand network - media (10 August 01:53) |
| MUMBAI (Reuters) - Telecom operator Tata Teleservices will invest about 80 billion rupees ($2 billion) over the next 24 months to expand its telecom networks, newspapers reported on Sunday.
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Metso to boost India presence via acquisitions - paper (10 August 12:51) |
| MUMBAI (Reuters) - Finnish engineer Metso is looking to scale up its presence in India through acquisitions and has been in talks with companies, Chief Executive Jorma Eloranta told the Econ... |
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Wall St Week Ahead: Oil's drop may spur rebound; CPI in focus (10 August 12:20) |
| NEW YORK (Reuters) - Wall Street may extend its recovery push next week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth.
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FAO ups world 2008 paddy rice output to 668 mln T (09 August 09:21) |
| MILAN (Reuters) - The United Nations' Food and Agriculture Organisation (FAO) has raised its forecast of 2008 world paddy rice production by more than 1 million tonnes to 668 million tonnes ... |
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Oil's plunge powers rally on Wall Street (09 August 04:29) |
| NEW YORK (Reuters) - U.S. stocks soared on Friday rounding out their best week in more than three months, as oil plunged below $115 a barrel, easing inflation concerns and improving prospect... |
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IEA chief sees tension on oil markets in mid term (09 August 04:22) |
| BERLIN (Reuters) - Tension on global oil markets will ease over the next couple of years but will probably increase again after that, the head of the International Energy Agency (IEA) was qu... |
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Dreamworks deal with Reliance ADA nearly complete - WSJ (09 August 02:50) |
| MUMBAI (Reuters) - A deal between Steven Spielberg's DreamWorks SKG and Reliance ADA Group to set up a new film company is on the verge of completion, the Wall Street Journal reported on Sat... |
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Google, Yahoo partially disclose terms of ad pact (09 August 09:07) |
| SAN FRANCISCO (Reuters) - Google Inc and Yahoo Inc released on Friday excerpts of a pact covering their search advertising partnership that keeps secret financial terms and the extent of oth... |
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Global commercial property sales halved - study (09 August 06:57) |
| NEW YORK (Reuters) - World sales of major commercial properties fell 49 percent to $306 billion in the first six months of 2008 from the same period last year, as sales in developed countrie... |
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