INDIA

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BHP cautions on outlook as metals bash H2 profit

BHP Billiton Ltd/Plc , the world's largest miner, gave a guarded outlook for global commodity demand, sending a worrying signal for weaker rivals, after a slump in metals prices triggered its first profit decline in seven years.

India's massive quake triggers tsunami fears

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A massive magnitude 7.6 earthquake struck India's Andaman Islands on Monday, triggering a tsunami warning for India, Myanmar, Indonesia, Thailand and Bangladesh, according to the U.S. Geological Survey (USGS) report.
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India inspects North Korea ship for nuclear material

Indian authorities were inspecting a North Korean ship detained in the Bay of Bengal for nuclear material or fuel, officials said on Monday, the latest sign of the international noose tightening around the North.
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Bharti and MTN extend M&A talks

India's Bharti Airtel and South Africa's MTN Group extended talks to combine their operations to create the world's third-largest mobile operator and analysts said Bharti might need to sweeten its offer to clinch the deal.
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Stanchart may buy RBS India, China retail ops: report

Standard Chartered is set to buy Royal Bank of Scotland's retail and small and medium enterprises operations in India, China and Malaysia for about $250 million, the Economic Times said on Friday, citing two unnamed sources familiar with the deal.
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Asia stocks hit 11-mth high as earnings cheered

Asian stocks pushed higher on Friday and were poised to score double-digit gains in July as investors keep pouring funds on bets the region's growth engine will lead the global economy out of recession.
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Cap-and-trade role on national security sparks debate in Senate

The cap-and-trade bill will do little to stop trade wars overseas and will instead start conflicts that will threaten American workers at home and abroad, Missouri senator Kit Bond said Thursday during remarks at the Senate Environment and Public Works hearing.
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U.S. trust in business bounces back from low

Trust in business has rebounded from 10-year lows in the United States, but the majority of Americans still do not count on corporate America to do what is right, according to a survey released on Thursday.
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Tata Steel Q1 India net down 47 pct, misses f'cast

Tata Steel Ltd, the world's No. 8 steel maker by output, on Wednesday reported a larger-than-expected 47 percent fall in June quarter profit from its Indian operations as realisations fell sharply on lower commodity prices.
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India PM defends move to improve ties with Pakistan

Indian Prime Minister Manmohan Singh defended efforts to improve ties with Pakistan on Wednesday in a sign the government is moving toward resuming a stalled peace dialogue with Islamabad despite opposition pressure.
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Daily Outlook - July 28 - Energy

Oil giant BP Plc reported Tuesday its net replacement cost profit declined 53 percent in the second quarter totaling $2.92 billion, but it surpassed analysts' forecast of $2.81 billion, according to Reuters. The decline was due to lower crude and gas prices and weaker refining margins.
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Abbott to buy India nutritionals for $130 mln

Abbott Laboratories Inc said it plans to widen its array of nutritional brands in India by paying $130 million for the nutrition businesses of Wockhardt Ltd, certain Wockhardt subsidiaries, and Carol Info Services Ltd.
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India to unveil 20GW solar target under climate plan

India will unveil its first solar power target as soon as September, pledging to boost output from near zero to 20 gigawatts (GW) by 2020 as it firms up its national plan to fight global warming, draft documents show.
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Tata Motors Q1 net surges, JLR worries remain

India's Tata Motors Ltd reported an unexpected surge in first-quarter net profit, helped by a change in accounting policy, but concerns remain over its loss-making Jaguar Land Rover unit and how it will strengthen its balance sheet.
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India's Tata Motors Q1 up 58 pct, beats f'cast

Tata Motors Ltd (TAMO.BO), India's largest vehicle maker, reported a 58 percent rise in net profit, with a change in accounting policy and lower costs seeing it defy forecasts for a halving of profit and sending its shares up.

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