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MFIs an attractive option for NBFCs looking at banking foray: Eric Savage
The microfinance sector in India grew at an astonishing pace and so has been the climb down. The past 18-months have been one of the toughest time for microfinance institutions (MFI) as the access to capital has been scarce. The awaited Bill on microfinance is widely expected to bring solace to the sector. However, according to Unitus Capital, an established player in raising capital for MFIs, positive

Investors have not lost confidence in telecom sector: Sibal

More than a fortnight after the Supreme Court quashed 122 mobile telphone licences, Telecom Minister Kapil Sibal said foreign investors have not lost confidence in the sector and will participate

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Haryana suspends giving old age pension through public sector banks
The Haryana government has suspended a scheme of distribution of old age pension though public-sector banks till their infrastructure gathered a certain stability in the state’s rural areas.

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Coal India is not an importer, says chief

Coal India Ltd (CIL), recently asked by the Prime Minister to ensure supplies to the power sector even if it meant importing, on Friday said it was not in the business of imports. Zohra Chatterji,

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Experts emphasize on introduction of automation, IT in steel plants

In the international conference on automation and information technology steelexperts in their addresses held strong view on the rapid introduction of automation and information technology in Indian

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Indian banks eye assets of European counterparts

As European lenders seek to deleverage their books to meet new capital adequacy norms amid the euro zone sovereign debt crisis, Indian banks are eyeing a business opportunity — acquiring

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