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India’s growth rate to cross 8% in coming years - Naidu
Published on Thursday, July 2, 2015 5:03 PM

The Indian Government has said that the country’s economy is back on track and its growth rate is likely to cross eight per cent in the coming year. Commenting on the issue, Urban Development Minister Venkaiah Naidu told the media, "Public life in India is undergoing a rapid transformation. The economy is back on track, inflation i ...

India’s growth rate to cross 8% in coming years - Naidu
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Will India survive Greek impact? Rajan thinks so
Published on Thursday, July 2, 2015 4:58 PM

With the Greek debt contagion threatening to spread beyond Europe, the Reserve Bank of India (RBI) has sought to calm nerves of jittery investors by stressing that the impact of Greece’s bag of woes will be extremely limited on Asia’s third biggest economy which boasts of an impressive forex reserve kitty that will act as a cushio ...

Will India survive  Greek impact? Rajan thinks so
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RBI says willing to let foreigners hold more govt debt
Published on Thursday, July 2, 2015 4:47 PM

By Suvashree Choudhury

CHENNAI, India  - The Reserve Bank of India (RBI) is committed to steadily increasing how much government debt foreign investors can buy, but will proceed cautiously to avoid becoming too reliant on overseas capital, Governor Raghuram Rajan said on Thursday.

Rajan ...

RBI says willing to let foreigners hold more govt debt
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India takes 23 percent less Iranian oil Jan-June vs a year ago
Published on Thursday, July 2, 2015 4:33 PM

By Nidhi Verma

NEW DELHI  - India's oil imports from Iran fell by about 23 percent over January-June as refiners curtailed shipments in the early months of the year to keep volumes within the limits allowed under an interim nuclear deal in place since the end of 2013.

India shipped i ...

India takes 23 percent less Iranian oil Jan-June vs a year ago
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India to spend $8 billion to boost irrigation, reduce dependence on monsoon
Published on Thursday, July 2, 2015 2:45 PM

NEW DELHI/MUMBAI  - India has approved spending of 500 billion rupees ($7.9 billion) over five years to expand irrigation in rural areas to boost crop productivity and it also plans an online agricultural market to help farmers get better prices for their produce.

A total of 53 billion rupees has been al ...

India to spend $8 billion to boost irrigation, reduce dependence on monsoon
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Bajaj Auto gains over 2% post June sales
Published on Thursday, July 2, 2015 2:17 PM

Shares of Bajaj Auto rose over 2 per cent in early trade on Bombay Stock Exchange (BSE) after the company sold 331,317 units in June 2015, representing a year-on-year (yoy) growth of 8 per cent, the highest in past nine months. The automaker had sold 305,465 units in June 2014. It had sold 345,438 units in the last month May, 2015. Motorcycle ...

Bajaj Auto gains over 2% post  June sales
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Government close to appointing new heads of state-run banks - RBI chief Rajan
Published on Thursday, July 2, 2015 2:12 PM

CHENNAI  - Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly.

India, which is trying to reform the country's banking sector, is seeking new chief executives for five state-run banks that are ...

Government close to appointing new heads of state-run banks - RBI chief Rajan
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Arvind signs licensing agreement to bring Aeropostale to India
Published on Thursday, July 2, 2015 1:34 PM

 Indian clothes manufacturer Arvind Ltd  said on Thursday one of its units had signed a licence agreement with Aeropostale Inc , making it the latest international fashion brand to plan a launch in the country.

Arvind said its subsidiary, Arvind Lifestyle, is expected to open 30 standalone stores and 25 shop-in-shop ...

Arvind signs licensing agreement to bring Aeropostale to India
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RBI chief Rajan says government in talks over capital for lenders
Published on Thursday, July 2, 2015 1:30 PM

CHENNAI  - The Reserve Bank of India (RBI) Governor Raghuram Rajan said the government was in talks with the central bank about injecting capital to lenders, while noting it was important to ensure funding for infrastructure projects remain on track.

Turning to the ongoing Greece situation, Rajan said In ...

RBI chief Rajan says government in talks over capital for lenders
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