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Tuesday, February 12, 2013
Essar Energy refining margins rise on India capacity addition
Essar Energy said an expansion in refining capacity and the ability to better process lower-cost heavy crude oils helped firm up refining margins in the third quarter. Essar Oil, India's second largest private refiner, said current price gross refining margin rose to US$9.75 per barrel at its Vadinar refinery in the western Indian state of Gujarat, up from US$2.82 per barrel last year.
Thursday, February 7, 2013
India opens huge aviation trade show
India, the world's leading importer of weaponry, opened one of Asia's biggest aviation trade shows Wednesday with Western suppliers eyeing lucrative deals and a Chinese delegation attending for the first time.
Wednesday, February 6, 2013
India's ailing Kingfisher Airlines, whose planes have been grounded since October, posted a net loss of 7.55 billion rupees (US$142 million) in the three months to December, the company said on Tuesday.
Monday, February 4, 2013
South Asia's biggest air show kicks off in India on Wednesday, where global armament firms will be vying for multibillion-dollar contracts from the world's biggest importer of weapons.
Wednesday, January 30, 2013
India in 1st interest rate cut since April
India's central bank cut interest rates for the first time in nine months Tuesday and lowered the amount of cash banks must keep in reserve as it looks to boost investment and kickstart the flagging economy.
Monday, January 28, 2013
India's central bank is expected to cut interest rates this week for the first time in nine months in response to the government's recent economic reform spree and slowing inflation, economists say.
Tuesday, January 22, 2013
Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern India's desert state of Rajasthan.
Tuesday, January 15, 2013
Indian inflation eased marginally in December to 7.18 percent year-on-year, data showed Monday, raising expectations of an interest rate cut when the country's central bank meets later this month.
Thursday, January 10, 2013
nish phone giant Nokia said Tuesday Indian tax authorities had visited a manufacturing unit in the southern Indian city of Chennai, without giving further details.
Friday, January 4, 2013
India's tea-to-software conglomerate Tata Group plans to invest more than US$8 billion over the next two years, its newly appointed chairman Cyrus Mistry said in an internal email to staff on Wednesday.
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