Business & Finance
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New Delhi, May 24 -- There is talk in some security circles about a proposed Maoist Congress-the 10th-after the monsoon arrives in the major theatre of left-wing conflict in central and eastern India. This is typically the time that Maoist field operations, and similar activity against the rebels, wind down in a climate-controlled timeout before resuming in the dry...
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New Delhi, May 24 -- I am a non-resident Indian (NRI) residing in Singapore and want to acquire an immovable property in India from the funds lying in my non-resident ordinary and non-resident external (NRO and NRE) accounts and rent it out. What would be the tax implications? Is it possible to remit rental income to Singapore?...
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Mumbai, May 24 -- Tata Steel Ltd, India's largest private sector steel maker, reported a loss for the quarter ended 31 March and for the entire fiscal 2013 after it wrote down $1.6 billion because of impairment of goodwill....
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Kolkata, May 24 -- West Bengal chief minister Mamata Banerjee on Thursday announced that her government would take over Broadcast Worldwide Ltd-a media enterprise of the collapsed Saradha Group-to rescue its two television channels and save about 170 jobs....
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Mumbai, May 24 -- JSW Steel Ltd on Thursday reported a 62% drop in consolidated net profit for the three months ended 31 March because of tepid demand for steel in the face of slowing economic growth and low availability of iron ore, the raw material for the alloy....
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New Delhi, May 24 -- Bharat Heavy Electricals Ltd's (BHEL's) March quarter earnings were in line with expectations, but margins were lower because of higher expenses, intense competition and pricing pressure. The stock fell 4%, while the overall BSE Capital Goods index declined 5% on Thursday....
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New Delhi, May 24 -- Last week, the Indian cabinet allowed state-run steel makers Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL) to directly hire vessels to import raw materials, mainly coking coal, without going through Transchart, the centralized ship-chartering wing of the government....
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Chennai, May 24 -- Tamil Nadu chief minister J. Jayalalithaa has asked Prime Minister Manmohan Singh not to divest any part of the government's equity in Neyveli Lignite Corp. Ltd....
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Mumbai, May 24 -- Easy access and a diversified investor base in the Singapore bond market is increasingly attracting Indian firms looking to raise money at cheaper rates. They have raised S$1 billion this year, already 30% higher than the whole of 2012, according to Dealogic, the global deal tracker....
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New Delhi, May 24 -- The rupee has had a rough week in the currency market. The Indian currency touched its lowest level against the US dollar in more than eight months on Thursday....
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