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Wednesday, March 20, 2013
India central bank cuts interest rate to 7.5%
India's central bank lowered its key interest rate by a quarter percentage point to 7.5 percent Tuesday, the second rate cut in three months aimed at reviving stalled growth in Asia's third-largest economy.
Friday, March 15, 2013
India's central bank chief has said “stubborn” inflation remains a major obstacle to growth in India, dimming expectations of an interest rate cut when policymakers meet next week.
Thursday, March 14, 2013
India's largest state-run bank has received 1.7 million applications for just 1,500 entry-level clerk jobs — and has promised to examine all of them, a report said on Tuesday.
Tuesday, March 12, 2013
Car sales in India's once-booming passenger market plunged nearly 26 percent last month on an annual basis, their worst performance in 12 years, industry figures showed Monday.
Wednesday, March 6, 2013
India rejects Bayer plea against cheap cancer drug
India's patent appeals office has rejected Bayer AG's plea to stop the production of a cheaper generic version of a patented cancer drug in a ruling that health groups say is an important precedent for getting inexpensive lifesaving medicines to the poor.
Monday, March 4, 2013
Concerns that political gridlock in Italy could reignite the sovereign debt crisis and choke off tentative green shoots of recovery look set to dominate a European Central Bank meeting this week, analysts say.
Friday, March 1, 2013
India budget calls for tough choices but lifts spending
India must make tough spending choices, Finance Minister P. Chidambaram said on Thursday, even as he unveiled a bigger-than-expected outlay for the coming fiscal year in one of the most highly anticipated Indian budgets of recent years.
Monday, February 25, 2013
India tech tycoon donates US$2.3 bil.
Indian software tycoon Azim Premji said Saturday he has given US$2.3 billion to an education charity that he controls, reportedly the biggest charitable donation in the country's recent history.
Sunday, February 24, 2013
India on Friday unveiled rules for issuing new bank licenses in a push to expand financial services into the country's rural hinterland where hundreds of thousands of villages have no banking outlets.
Thursday, February 21, 2013
Shares in India's debt-laden Kingfisher Airlines rose 5 percent Tuesday after its parent firm United Breweries said it would raise the sum it can lend to the carrier, which is desperate for cash.
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