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Finance Minister Arun Jaitley said on Monday he personally believes the time is right to dilute nationalisation of the country's state-run coal industry, adding it is easier to carry out economic reforms in the first year of a government.Jaitley's comments to a television news channel came days after New Delhi lifted diesel price controls and raised the cost of natural gas. ...
The rupee gained for a second consecutive session on Monday after the ruling party's success in two state elections and the government's removal of diesel subsidies and a hike in natural gas prices sparked hopes for additional reforms.The government lifted diesel price controls and raised the cost of natural gas on Saturday, giving market forces greater sway as it seeks to attract energy investment, ...
Gold prices recovered by Rs 75 to Rs 27,775 per 10 grams in the national capital today on the back of increased buying by jewellers and retailers amid ongoing festive season and firming global trend. Silver also recovered by Rs 225 to Rs 38,850 per kg on pick up in demand from industrial units and coin makers. Traders said besides festive season demand, a firming trend overseas as the dollar pared ...
U.S. private equity firm Warburg Pincus LLC has agreed to buy a significant minority stake in Kalyan Jewellers for about $200 million, five sources with knowledge of the transaction told Reuters on Monday.The jewellery manufacturer and retailer will use the capital for expansion purposes, said the sources, who declined to be named as they were not authorised to speak to the media."The deal is almost ...
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