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Debt trap turns tragic for Andhra MFI chiefs
Life seems to have turned a full circle for some professionals in the microfinance industry of Andhra Pradesh, but with tragic consequences. About a year and a half back, microfinance institutions in the state were accused of coercive recovery practices that forced many poor borrowers to commit suicide. Following a regulatory crackdown, the situation appears to have reversed, with chief executives

CSE finds major inefficiencies in iron and steel sector performance

The Centre for Science and Environment (CSE), a non-government organisation based here and promoting sustainable development, today exposed major inefficiencies in the performance of India’s

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United States curbs on Javelin missile sale cloud Indo-US relationship

A dangerous flashpoint in United States-India relations faces visiting US Secretary of Defence, Leon Panetta, who faces tough questions from Indian officials on Tuesday. The US State Department has

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Letters: Self-reliance is not bad

This refers to the report “Army chief slams BEML on Tatra, awards it Rs 1500-cr deal” (May 31). Since the liberalisation of the Indian economy, there has been a tendency to import

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Bolloju appointed interim CEO of Deutsche Bank India
Shrinath Bolloju will succeed Gunit Chadha as the chief executive officer for Deutsche Bank’s India business, industry sources told Business Standard on Monday.

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Mid-cap IT firms benefit as deal size gets smaller

At a time when Tier-I information technology (IT) services companies are struggling to retain their high growth trajectory, some of the mid-cap firms have seen their businesses expand by more than

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