INDIA

DLF chief joins rupee trillionaire club

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Kushal Pal Singh, chairman of India's leading real estate developer, DLF Ltd. became a trillionaire in rupee terms - the third to do so - as DLF shares rose sharply by 4 percent on Monday, pushing its market value to about Rs. 1,14,744 crore (US$28.5 billion).

Jindal Steel to invest $2 billion in Bolivia

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India's leading steel producer Jindal Steel and Power Ltd. has inked a $2.1 billion (1.5 billion euros, 1 billion pounds) deal with Bolivia for development of one of the world's largest iron ore deposits, El Mutun, along with steel making facilities.
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U.S., India say substantial progress in atomic talks

The United States and India said on Friday they made substantial progress in negotiations on a landmark nuclear cooperation agreement, and one U.S. official told Reuters the long-delayed deal was effectively done.
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Yahoo buys stake in largest Indian ad agency Tyroo

Internet giant Yahoo! Inc. has made a strategic investment in Indian online advertising network Tyroo Media Pvt Ltd. by purchasing more than 35 percent stake in the Gurgaon-based firm for an undisclosed sum.
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Populism may hit India's deficit repair plans

India's success in trimming its fiscal deficit has surprised even itself but progress in the next two years will be harder as dizzying growth slows and pressure for populist spending rises before elections.
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Multiplex cinemas boost India's movie mania

Not too long ago, watching a movie in India mostly meant standing in long lines for tickets to spend three hours in a stuffy hall with bug-infested seats, a creaky sound system and a screen sewn up to hide holes.
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Mumbai's rail lifeline a death trap for commuters

They are the arteries that keep Mumbai's economy ticking, rattling six million people a day to offices, shops and factories. But arriving safe and sound for work after a trip on Mumbai's clogged railways is no mean feat.
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Harry Potter book flies off shelves

The seventh and final Harry Potter book flew off the shelves on Saturday as fans the world over snapped up copies to discover the fate of the boy wizard and his Hogwarts pals.
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OPEC concerned oil price may hurt global economy

David Schlesinger and Simon Webb OPEC is concerned about the potential impact of the near-record price of oil on the world's economy but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.
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Indians swipe cards, and consumer debt ticks up

Great India Place, one of India's biggest shopping malls, gives eager consumers the chance to browse in air-conditioned comfort, scout for global brands and sip cappuccinos after a hard day's shopping.
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U.S., India said still divided on nuclear deal

The United States and India remain divided over a controversial nuclear cooperation agreement despite three days of talks to finally close the deal, a U.S. official said on Thursday.
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Huawei near big deals with Indian telecoms

Chinese telecom equipment supplier Huawei Technologies is making its presence felt in India, the world's fastest growing mobile market, by wooing telecom services providers for millions of dollars worth of network outsourcing contracts.
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Bharti Airtel, Ericsson ink $2 billion network deal

India's largest private mobile services provider, Bharti Airtel, and Sweden's Ericsson have inked a $2 billion, two-year deal whereby the latter will help Bharti expand its telecom network as it looks to push into new rural markets.
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Tata mulls Jaguar, Land Rover buy

Tata Motors, which is reportedly looking to enter into a tie-up with Italian sports automaker Ferrari for marketing and servicing Ferrari cars in India, is also evaluating a bid to buy luxury British car brands Jaguar and Land Rover from struggling US automaker Ford, according to a report.
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EU suspends WTO complaint against India

The European Union has temporarily suspended its World Trade Organisation (WTO) complaint against India over the latter’s duties levied against European wine and spirit imports.
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Videocon aims big, eyes US foray

Indian consumer goods major Videocon has set its sight on entering the US market in a couple of years, with a possible Nasaq listing, the company’s chairman said.
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Reliance expands into U.S. with $300M Yipes purchase

Anil Ambani's Reliance Communications, India's second-biggest mobile services provider, said on Monday it was acquiring US-based Ethernet services provider Yipes Enterprise Services Inc. for $300 million in an all-cash deal that would help Ambani gain a foothold in the US market and scale up its optic fiber network.
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Coca-Cola posts better-than-expected profit

Coca-Cola Co. posted higher-than-expected quarterly profit on Tuesday, helped by strength in its developing China and India markets, and moderate gains in mature markets such as Germany and Japan.

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