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Coal India trade unions call off strike in victory for Modi
Published on Sunday, November 23, 2014 4:04 PM

NEW DELHI  - The labour unions of state-run Coal India have called off a strike planned for Monday in protest against a stake sale and opening up of the industry, setting the stage for Prime Minister Narendra Modi to press ahead with energy reforms.

Coal India holds a monopoly on commercial coal mining, accounting for mo ...

Coal India trade unions call off strike in victory for Modi
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Global Economy Week ahead - Falling inflation a worry for Europe but also the world
Published on Sunday, November 23, 2014 3:59 PM

By Ross Finley

LONDON  - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.

A sickly Europe has held back global economic growth for years, an ...

Global Economy Week ahead - Falling inflation a worry for Europe but also the world
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RBI cautious on response to gold import surge
Published on Saturday, November 22, 2014 10:33 AM

By Suvashree Choudhury and Neha Dasgupta

MUMBAI - The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank's decision-making said officials were also wary of overreacting.

...

RBI cautious on response to gold import surge
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Profit of companies rise 14.7%, sales up 3.7% in Q2 FY15:- Care Ratings
Published on Friday, November 21, 2014 6:00 PM

According to a report by Care Ratings, the net profit of the companies grew by 14.7 per cent in the second quarter of 2014-15 against a negative growth of 24 per cent in the second quarter of 2013-14. The report said that the performance of 3042 companies showed their net sales increasing by 3.7 per cent in the second quarter of 2014-15 compa ...

Profit of companies rise 14.7%, sales up 3.7% in Q2 FY15:- Care Ratings
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RBI says overseas borrowed funds can be parked with banks in India
Published on Friday, November 21, 2014 5:32 PM

MUMBAI  - The RBI allowed external commercial borrowings to be parked with banks in the country as term deposits for up to six months pending their utilisation.

The borrowers are required to bring the proceeds meant for rupee expenditure such as payment for spectrum allocation, capital goods into India.< ...

RBI says overseas borrowed funds can be parked with banks in India
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Hard to hit tax revenue target, credit weak - Jaitley
Published on Friday, November 21, 2014 4:10 PM

NEW DELHI  - Finance Minister Arun Jaitley said on Friday it would be hard to hit tax revenue targets in this fiscal year, with weak credit demand underscoring his concern about the state of the economy.

In a speech, Jaitley said that while he expected to hit targeted levels for direct taxes, reaching th ...

Hard to hit tax revenue target, credit weak - Jaitley
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Factbox - Modi picks up pace on economic reform, opposition remains
Published on Friday, November 21, 2014 3:26 PM

NEW DELHI  - Prime Minister Narendra Modi is increasing his focus on economic reforms including raising the cap on foreign investment in the insurance sector and changes to tax and labour rules that could accelerate recovery, but he faces stiff opposition.

Following is the status of key pending reforms:< ...

Factbox - Modi picks up pace on economic reform, opposition remains
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Long "to do" list for Modi as clock ticks on reform
Published on Friday, November 21, 2014 5:54 PM

By Frank Jack Daniel and Sanjeev Miglani

NEW DELHI  - Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts.
...

Long
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Tata Steel Thai unit expects net profit for 2014/15 despite H1 net loss
Published on Friday, November 21, 2014 2:57 PM

BANGKOK - The Thai unit of India's largest steel maker, Tata Steel Group, said on Friday it expects to post a net profit for the fiscal year ending March 2015, bouncing back from a first-half loss by boosting sales of high-margin products.

Tata Steel (Thailand) PCL posted a net loss of about 70 million ba ...

Tata Steel Thai unit expects net profit for 2014/15 despite H1 net loss
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