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.
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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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Sunday, February 17, 2013
India is seeking to cancel a US$750 million order for a dozen helicopters from Italian defense group Finmeccanica, the defense ministry said on Friday, responding to growing pressure over kickback allegations.
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Tuesday, February 12, 2013
 | 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.
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Thursday, February 7, 2013
 | 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.
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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.
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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.
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Wednesday, January 30, 2013
 | 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.
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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.
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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.
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