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India seeks $4 billion spending boost, almost half for state banks

Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into......

Sensex defies Greek bailout, reclaims 28,000

  The benchmark indices shrugged off the Greece uncertainty to end at around six-week highs on the back of strong May core sector growth back home and positive cues from the global market......

Greece defaults on IMF payment despite last-minute overtures to creditors

11th-hour bid for an extension of its international bailout and a two-year funding and debt restructuring programme offered no concessions to creditors' demands for economic reforms Greece's......

Bank reforms positive but implementation a risk, says Fitch

The government's move to set up a Banks Board Bureau would improve corporate governance standards at 27 state-run banks, but lack of details would raise questions about their implementation,......

India's 'less aspiring' fiscal consolidation strategy negative for ratings: Fitch

India's budget could have been more ambitions on the fiscal front, especially given a high public debt burden, and the less aspiring fiscal consolidation strategy is negative for ratings, an......
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Engine Shortfall Pushed Volkswagen to Evade Emissions Testing

Photo A two-liter EA 189 diesel engine, one of the engines involved in a Volkswagen scheme to manipulate data in emissions tests. Credit... ...
A decade after write-offs, Africa sliding back into debt trap

JOHANNESBURG With their economies floundering and currencies sinking, African states that have borrowed heavily in dollars may be slipping back... ...

State support will remain crucial for public banks - considering the shallow domestic AT1 market and weak internal capital generation capabilities... ...

NEW DELHI: The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over... ...
Moody's cuts India's 2015 growth forecast

Moody’s Investor Services has lowered forecasts for India’s growth to 7 per cent amid fears of below-normal monsoon, but in its latest analysis... ...

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Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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