New Delhi News
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Updated 1 hour, 28 minutes ago
India is ramping up spending on infrastructure to help secure states that border Pakistan and China, providing a boost to building companies that are grappling with the worst economic slowdown in a decade.
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Air force helicopters and rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and landslides, killing at least 138 people and leaving hundreds missing.
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Export-Import Bank of India will lend $300 million to Ethiopia to help construct a railway to a planned port on the Red Sea in neighboring Djibouti.
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An Indian Finance Ministry panel has recommended easing foreign investment rules in more than a dozen industries to help fund a record current-account gap, according to three government officials with knowledge of the matter.
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India, the world’s biggest consumer of gold, could implement more measures to curb imports, a top economic official said as the country seeks to narrow a record current-account deficit and check the currency’s drop.
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Monsoon, which accounts for 70 percent of India’s annual rainfall, covered the entire country in a record time, accelerating plantings of crops from rice to soybeans and cotton.
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The rupee’s slide to a record low may fail to lift profit margins for India’s biggest software exporters as Infosys Ltd. and Tata Consultancy Services Ltd. pass on the currency benefit to clients in a race for orders.
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Indian Prime Minister Manmohan Singh will today fill vacancies in his cabinet in what may be his last reshuffle ahead of elections due in less than a year.
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Jet Airways (India) Ltd., the nation’s biggest publicly-traded carrier, fell the most in a week in Mumbai trading after the government deferred a decision on the airline’s plan to sell a stake to Etihad Airways PJSC.
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India left interest rates unchanged after a plunge in the rupee to a record low threatened to stoke inflation in Asia’s third-largest economy.
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