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Govt stake sales in state companies in 2-3 months - official
Published on Saturday, August 30, 2014 4:14 PM

NEW DELHI  - India will sell part of the government's stake in some state-run companies in the next two to three months, Finance Secretary Arvind Mayaram said on Saturday, without naming any company.

The government has set a target of $10.5 billion from asset sales during the current fiscal year to M ...

Govt stake sales in state companies in 2-3 months - official
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Arun Jaitley: more confident of achieving fiscal deficit target
Published on Saturday, August 30, 2014 4:17 PM

NEW DELHI  - Finance Minister Arun Jaitley said on Saturday he was more confident now of achieving a target to narrow fiscal deficit to 4.1 percent of gross domestic product in the year to March 2015.

Many private economists consider the deficit target optimistic, citing weak tax receipts in a sluggish e ...

Arun Jaitley: more confident of achieving fiscal deficit target
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India nears $2.5 billion deal for Boeing military helicopters
Published on Saturday, August 30, 2014 3:36 PM

By Nigam Prusty

NEW DELHI  - India has decided to acquire Boeing's Chinook and Apache helicopters, a defence ministry official said on Saturday, in a deal valued at $2.5 billion that could ease strained ties between New Delhi and Washington.

The new nationalist-led government of Prim ...

India nears $2.5 billion deal for Boeing military helicopters
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CBI charges Dayanidhi Maran, Malaysian tycoon in telecoms scandal
Published on Saturday, August 30, 2014 3:14 PM

By Devidutta Tripathy

MUMBAI  - The Central Bureau of Investigation (CBI) has filed charges against a former minister, his media mogul brother, and a Malaysian tycoon over alleged corruption to help Malaysia's Maxis group take control of an Indian mobile phone carrier eight years ago.

...

CBI charges Dayanidhi Maran, Malaysian tycoon in telecoms scandal
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CBI drops coal scam case against Kumar Mangalam Birla
Published on Saturday, August 30, 2014 11:19 AM

NEW DELHI  - The Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks.

The CBI filed the case against Birla ...

CBI drops coal scam case against Kumar Mangalam Birla
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Exclusive: Reliance plans $13 billion projects including new refinery
Published on Saturday, August 30, 2014 10:26 AM

By Nidhi Verma

NEW DELHI  - Reliance Industries Ltd plans to invest about $13 billion in energy projects, including a 400,000 barrels per day (bpd) crude refinery at its Jamnagar complex, documents seen by Reuters show.

The refinery would process cheap, heavy crudes that are increasingly ...

Exclusive: Reliance plans $13 billion projects including new refinery
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April-July fiscal deficit at $53.7 billion
Published on Saturday, August 30, 2014 10:25 AM

NEW DELHI - India's fiscal deficit in the first four months of the 2014/15 financial year was 3.25 trillion rupees ($53.7 billion), or 61.2 percent of the full-year target, government data showed on Friday.

The deficit was 62.8 percent during the comparable period in the previous fiscal year.

...

April-July fiscal deficit at $53.7 billion
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Indian power station coal stocks lowest since 2012 blackouts
Published on Saturday, August 30, 2014 10:19 AM

By Krishna N Das and Douglas Busvine

NEW DELHI  - Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when hundreds of millions of people were cut off in one of the world's worst blackouts.
...

Indian power station coal stocks lowest since 2012 blackouts
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India's growth speeds up in after-glow of Modi's triumph
Published on Saturday, August 30, 2014 10:36 AM

By Rajesh Kumar Singh

NEW DELHI  - The after-glow of Narendra Modi's election victory nearly four months ago helped India's lumbering economy register its fastest growth in two-and-a-half years for the quarter ending in June.

Gross domestic product grew a faster-than-expected 5.7 ...

India's growth speeds up in after-glow of Modi's triumph
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