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Last updated: Monday, September 01, 2014 4:28:04 PM

Global private equity eyes Indian real estate: report
Bangalore, Aug 31 (IANS) Post-general elections with a stable federal government at work, global private equity (PE) players find real estate in India worth investing for good returns, an international realty services firm said Sunday.

Sunday, August 31, 2014 9:48:04 PM

ONGC posts good 2013-14 numbers on buoyant crude oil prices
New Delhi, Aug 31 (IANS) The decline in global crude oil prices coupled with gradual diesel rate hikes towards the fuel's full market-pricing has reflected well in the 2013-14 performance of state-run explorer Oil and Natural Gas corp (ONGC).

Sunday, August 31, 2014 9:18:08 PM

BHEL looks at Russia, Kazakhstan, others for market diversification
Chennai, Aug 31 (IANS) Bharat Heavy Electrical Ltd (BHEL), one of Asia's largest power equipment majors, is focussing on geographical diversification of its overseas markets which offers a market potential of around 165 GW, the company said.

Sunday, August 31, 2014 8:28:04 PM

L&T to build 5,000 toilets as part of CSR
New Delhi, Aug 31 (IANS) In a corporate social responsibility initiative, infrastructure conglomerate L&T will build 5,000 toilets, the company announced Sunday.

Sunday, August 31, 2014 7:40:04 PM

Inward foreign investment $30 bn for 2014, cumulative over $200 bn
New Delhi, Aug 31 (IANS) Investments by overseas investors in India this year reached $30 billion, while cumulative total inflows into the country crossed the $200-billion mark.

Sunday, August 31, 2014 7:10:05 PM

Trade unions' Bengal campaign for ILO convention ratification
Kolkata, Aug 31 (IANS) A forum of several central trade unions will Tuesday launch a Caravan Campaign in West Bengal pressing for the ratification of ILO conventions relating to right to freedom of association and collective bargaining.

Sunday, August 31, 2014 6:10:05 PM

RIL returns Haryana SEZ land citing withdrawal of concessions
New Delhi, Aug 31 (IANS) Reliance Industries (RIL) Sunday said it has returned around 1,384 acres of land in Gurgaon acquired for its special economic zone on the grounds that withdrawal of the concessions offered to SEZs has made such projects unviable.

Sunday, August 31, 2014 6:08:04 PM

Upendra Kohli is new Telstra MD for India operations
New Delhi, Aug 31 (IANS) Australian telecommunications and information services company Telstra Sunday appointed Upendra Kohli as the country managing director for India.

Sunday, August 31, 2014 5:30:03 PM

'Petrol price cuts a boost for less polluting cars'
New Delhi, Aug 31 (IANS) The narrowing gap between petrol and diesel prices will hopefully push people towards less polluting petrol-run cars, citizens in the national capital say.

Sunday, August 31, 2014 4:18:08 PM

ECB monetary policy announcement can bring back the long due FX volatility (Column: Currency Corner)
There are five central bank meetings next week but the European Central Bank's monetary policy announcement will be the most important catalyst for the move in the US Dollar Index and the EUR/USD. In fact, the ECB meeting will even trump the US non-farm payrolls report in terms of its impact on the EUR/USD. Currency Corner does not believe that the ECB is ready to roll out Quantitative Easing just yet, but given recent economic data particularly from Germany, the case for additional stimulus is growing. Core Euro-zone CPI growth ticked up in the month of August and this is yet another short term support for Euro longs going into the September 5th meet. While we may see escalated tension and thus downward pressure on the EUR/USD due to the Russian/Ukraine conflict, Russian exports represent only 1 percent of German GDP. It is widely expected that Draghi will reiterate that the problem for Germany and many other countries in the region is restrictive fiscal policy. The surprise uptick in core CPI growth could make Mario Draghi more comfortable with leaving monetary policy unchanged next week. Further, with the first TLTRO programme expected in September, Currency Corner expects the ECB to wait until its impact is gauged. The fundamental view on this matter is that the course for the ECB is clear and the only question is how quickly and in what form will they will ease again. It is only a matter of timing and in this columns view, we have maintained September is not the base case scenario for QE initiation. Note that the EUR/USD will sell off to levels of around 1.3120 if the central bank significantly lowers their GDP and inflation forecasts (their staff forecasts will be released next week). These will be multi month lows in the Euro. Some economists are also calling for a 10bp deposit rate cut which would constitute easing but we think the central bank will postpone this move.

Sunday, August 31, 2014 3:02:16 PM

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