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India gets $3b FDI shock

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Mumbai: India lost a $3 billion investment by the China’s largest radial tyre maker because it found the red tape and corruption too cumbersome. The company went to Thailand where the ease of doing b

Cong, BJP join hands to pass Pension Bill in Lok Sabha

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New Delhi: A key economic reforms legislation, the Pension Bill, that provides for investment of funds in equity market and opens the sector to at least 26 per cent FDI was on Wednesday passed by the

Govt will not take any captial control action: Chidambaram

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New Delhi: Finance Minister P. Chidambaram asserted again that there is no intention to introduce any capital control measures by the government and RBI, in New Delhi on Thursday.
But the minister ma

Walmart halts India-specific lobbying in US

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Washington/New Delhi: Global retail giant Walmart has stopped its lobbying with the US lawmakers on India-specific issues, after continuously seeking their support for about five years to facilitate

Home Ministry opposes any hike of FDI cap in media

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New Delhi: The Home Ministry has strongly opposed any move to increase the FDI cap in the broadcasting and print media, saying allowing more foreign investment in the sensitive sectors may compromise

Re at 2-week high; up 21 p Vs $ as govt liberalises FDI limits

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Mumbai: The rupee on Wednesday strengthened by 21 paise to hit a fresh two-week high of 59.10 in early trade at the Interbank Foreign Exchange market, after the government liberalised FDI limits in a

BJP says FDI cap hike a panic reaction, links it to FM's US visit; India Inc welcomes move

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New Delhi: BJP on Wednesday decried the government decision to increase FDI cap in telecom and insurance sectors, dubbing it as 'panic reaction' at a time when the economy is going downhill and sough

Rupee retreats from 2-week high, drops 3 paise to 59.34 vs USD; Sensex up by 97 points

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Mumbai: The rupee fell from a two-week high to close three paise lower at 59.34 against the dollar, failing to sustain gains driven by the easing of FDI norms in various sectors and the RBI's liquidi

FDI in key sectors will drive domestic investors out of India: TDP

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Hyderabad: Strongly opposing the opening up of 12 key sectors, including defence, to foreign direct investment, TDP on Wednesday said the UPA government's move would further drive domestic investors

Govt liberalises FDI limits in 12 sectors; 100 per cent allowed in telecom

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New Delhi: Opening the doors to shore up foreign investments, the government on Tuesday liberalised FDI limits in a dozen sectors, including allowing 100 per cent in telecom and higher limits in 'sta

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

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