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Strong Indian rupee stings Modi’s export ambitions
Thousands of garment, leather, handicraft, and gems and jewellery exporters have watched helplessly as the rupee has appreciated by a quarter against Europe’s common currency over the past 12 months.
Tata Motors will roll out Nano automatic
Priced around Rs250,000, the automatic variant, which was showcased at the recent Auto Expo in Delhi, will still be India’s cheapest car, claimed a Tata Motors executive in Ahmedabad.
China’s big steel mills thrive
Beijing boosts exports of alloy by 50% last year to a record 94 million tonnes.
EU ministers back capital markets union proposal
Most of European companies rely mainly on banks for funding.
NCDEX to set up global exchange
The National Commodity & Derivatives Exchange (NCDEX) recently signed a memorandum of understand-ing to this effect with Gift SEZ Ltd, in the state capital of Gandhinagar.
Doha mall to include four new theme parks
In addition to its retail, dining and hospitality offerings, Doha Festival City will be home to four entertainment attractions, forming a family entertainment complex (FEC) in the region.
Cautious over healthcare
So far, companies that have reported in this sector have seen positive moves in share prices, and many investors say they think healthcare stocks have room to run.
Deutsche to pare investment bank, sell Postbank in revamp
In a statement, Deutsche said it wished “to remain a leading global bank based in Germany” .
Greece not playing a game of chicken on debt: Kotzias
Athens faces ‘big test’ of making €750m IMF payment by May 12.
Greek parliament okays controversial cash reserve transfer
As talks bog down between Athens and its international creditors to unlock 7.2 billion euros ($7.7 billion) in bailout funds, the cash-strapped leftwing government last week moved to call in reserves, triggering a wave of anger.
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