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UPDATE 2-Vodafone ups stakes in Indian battle
* Says IPO unlikely to happen this year * CEO says world is watching Indian government By Kate Holton and Aradhana Aravindan LONDON/MUMBAI, May 22 (Reuters) - Vodafone Chief Executive Vittorio Colao ramped up the rhetoric in his fight with the Indian government on Tuesday, accusing the country of deterring foreign investment but warning that he would not walk away. The result, the company said,