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India is set for more banking acquisitions after a record $2.4 billion takeover last week ended four years of a deals drought, as lenders fight for market share and wider reach amid looming competition from a new breed of players.A banking sector consolidation should support an expected recovery in Asia's third-largest economy through creation of stronger lenders that will control the growth of bad ...
India's economic growth slowed to 5.3 percent in the three months through September from 5.7 percent in the previous quarter, dragged down by weaker manufacturing, government data showed on Friday.Analysts polled by Reuters had forecast annual growth of 5.1 percent in the quarter.COMMENTARYSUJIT KUMAR SINGH, ECONOMIST, UNION BANK OF INDIAThe GDP growth number was supported by agriculture and government ...
India's gold imports could climb to around 100 tonnes for a third straight month in November as dealers buy heavily for fear of curbs on overseas purchases, especially as the wedding season picks up, traders said.Local premiums have fallen to about $10 an ounce from $18 last week due to the speculation over curbs, they said.Curbs on gold imports figured in a meeting of central bank and finance ministry ...
Gold extended losses into a third session on Friday, dropping to a one-week low, on expectations that plunging oil prices could sap inflationary pressure, curbing the metal's appeal as a hedge.Oil hit four-year lows around $70 a barrel, as OPEC resisted the temptation to cut back production following a more than 30 percent plunge in prices since June.The drop in oil prices, along with the resulting ...
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