The rupee fell past 51 per dollar on Friday for the first time in nearly 32 months as worries Europe’s debt crisis may spill over into the global economy boosted dollar demand. The rupee has slumped 14.2% from its highest point in 2011 hit late July and is the worst performer among…

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Carlyle, New York Life PE in talks to invest $100 million in parent, arms. Everonn Education, India’s largest technology-enabled education firm, is getting ready to enroll more global marquee investors. Two months after the Dubai-based Varkey Group came on board, global private eq…

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Asian shares wobbled on Thursday as doubts deepened about Europe’s ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank’s bond buying role. The focus of concern is shifting to difficulties in secu…

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NEW YORK: US stocks fell on Wednesday as warnings about the impact of Europe’s debt crisis on the global economy kept investors cautious, but optimism about the US economy limited losses. The debt crisis weighed on shares of financials and materials, with the S&P financial ind…

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The sugar industry in Uttar Pradesh (UP) on Tuesday openly criticised the cane pricing policy of the state government and filed a petition at the Lucknow bench of the Allahabad high court, requesting quashing of the minimum buying price set for mills in 2011-12 by the administration. The…

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BERLIN: German Chancellor Angela Merkel said on Monday that Europe must move step-by-step towards political union, calling the euro zone debt crisis the continent’s “toughest hour since World War Two”. In a one-hour address to thousands of delegates from her Christian D…

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Airline to increase full-service flights as Kingfisher curtails operations. Kingfisher’s pain could be Jet Airways’ gain. The Naresh Goyal-led carrier plans to increase the number of its full-service flights to attract passengers affected by Kingfisher cancellations Currently, about…

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Debt-laden mobile operator Reliance Communications posted its ninth straight drop in quarterly profit, with investors awaiting a deal to sell its tower unit and bring in much needed funds. India’s second-biggest mobile operator by subscribers said consolidated net profit fell to Rs…

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Stocks rose, preventing a second straight weekly decline for the Standard & Poor’s 500 Index, and commodities climbed as U.S. consumer confidence improved and Europe took steps to address its debt crisis. Italy’s bonds gained and oil reached a three-month high. The MSCI All-Coun…

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New Delhi: Cash strapped Kingfisher Airlines is in trouble. Top sources say the airline may have to shut down if they don’t secure working capital loans soon. The airlines grounded one third of its 66 aircraft fleet cancelling over 80 flights over the last two days. The Director Ge…

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