INDIA

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Nokia earnings beat forecasts

Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher.

Cheap phones lift Nokia's profits

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Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of cell phones, with the better than expected profits sending its shares higher.

Big Asia governments to stick to cheap fuel, for now

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Asian governments from Indonesia to China to India are in no rush to eliminate domestic fuel subsidies by raising cheap local pump prices, officials said this week, even as crude oil rockets toward $100 a barrel.
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Bush urges China to meet with the Dalai Lama

President George W. Bush defended on Wednesday his plan to appear at an award ceremony for the Dalai Lama in the face of Chinese objections and urged Beijing to open talks with the exiled Tibetan spiritual leader China views as a separatist.
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Coca-Cola Co. profit tops estimates

Coca-Cola Co said on Wednesday that its quarterly net profit rose a better-than-expected 13 percent, helped by strong sales of noncarbonated drinks and the weak dollar.
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Honda Hybrid Civic To Debut In India

Japanese Carmakers intend to export their hybrid models to emerging countries like India and China, anticipating these countries’ growing appetite for environmentally friend models, especially among the wealthy.
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Gold hits 28-year peak

A sickly dollar and firming oil prices swept gold to 28-year highs on Thursday, while platinum was set in London at a record high of $1,407 per ounce, aided by rising bullion prices and worries over supply.
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Infosys profit up 18 pct, shares plunge on outlook

Infosys Technologies Ltd, India's No 2 software services exporter, said quarterly profit rose by nearly a fifth but its shares tumbled 7 percent on market concerns over the rapidly rising rupee and the risk of a U.S. downturn.
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India PM meets IAEA head as nuclear deal clock ticks

The U.N. nuclear watchdog head Mohamed ElBaradei met India's prime minister on Thursday in a long-scheduled trip as time started to run out for the government to press forward with a nuclear deal with the United States.
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India government, communists step back from brink

The India government and its communist allies stepped back from the brink on Tuesday, agreeing to meet again this month to resolve a row over a nuclear deal with the United States that threatens to spark a snap election.
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Blackberry faces local competition, rules in China

Even before its official launch in China, Research In Motion's BlackBerry faces daunting challenges from low-cost rivals and a thicket of regulations that could trip up its advance into the world's largest mobile market.
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Morgan Stanley eyes India wealth

Morgan Stanley is unleashing a major drive to tap India's domestic wealth next year, hiring 100 private bankers in a bid to manage $1 billion in assets by the end of 2010.
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BNP Paribas builds up Asia onshore private banking

BNP Paribas, France's biggest bank, is building up its onshore private banking presence in China, India and Taiwan and expects total assets under management in Asia to grow by 20 percent a year in the next few years, the head of its Asia private banking operation said.
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Microsoft eyes bigger share of IT business in India

Microsoft Corp plans to increase its share of the technology business in India as retail and small- and medium-sized firms step up investment in a booming economy, the chairman of its Indian unit said on Monday.
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'Mega-Trends' to drive growth in global banking

Beyond the ongoing 'short-term' subprime crisis, the 'mega trends' that will shape banking and its growth in the long term will be globalization, the growth of capital markets and global asset growth and its impact on how it's managed, said Deutsche Bank's top corporate and investment banker.
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About 30 firms vie for Indian mobile licences

The Indian government has received about 300 applications from about 30 companies vying to tap growth potential in the world's hottest wireless market, the telecoms minister said on Wednesday.
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Synnex bets on China to drive sales growth

Taiwan's Synnex Technology, the world's No.3 electronics distributor, forecasts its annual sales will grow by a fifth in 2007 and 2008, a touch below market estimates, as it aims to sell more products in China's fast-growth market.
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India's Ranbaxy ups Zenotech stake to 45 pct

Ranbaxy Laboratories Ltd, India's top drugmaker by sales, will raise its stake in Zenotech Laboratories Ltd to 45 percent to expand into the global biogenerics market, it said on Wednesday.

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