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Finance

EADS sees no financial hit from U.S. tanker loss

by reporter March 11, 2010 Business News

PARIS (Reuters) – The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS’s finances, the European aerospace group’s chief executive said on Thursday.

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U.S. dollar still rules, but debt level a risk: S&P

by reporter March 11, 2010 Business News

NEW YORK (Reuters) – The U.S. dollar is still the most important world currency, Standard & Poor’s said on Thursday, but added that rising levels of U.S

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Avishkaar plans MFI fund

by reporter March 10, 2010 Finance

Avishkaar Venture Capital, a micro-finance industry (MFI)-focused venture capital (VC) fund, is planning to hit the market with a $100-million fund, which it hopes to close by December.

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MFIs network for self-regulation

by reporter March 10, 2010 Finance

As many as 31 microfinance institutions (MFIs), including the top 10 in the country, have come together to set up Microfinance Institutions Network (MFIN), a self-regulatory organisation that aims to work with regulators to promote microfinance to achieve larger financial inclusion goals.

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Church signs deal to fund album

by reporter March 10, 2010 Entertainment

Singer Charlotte Church agrees a £2m deal with a music investment company to finance the recording of her next reccord, it is confirmed.

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MFIs must remember basics

by reporter March 9, 2010 Finance

It is natural for a sector like microfinance, which is growing exponentially, to face problems on the way. But the current crop affecting microfinance institutions (MFIs), which are constituted as non-banking financial companies (NBFCs), is somewhat more serious and require a relook at the roots. Microfinance has been celebrated for bringing institutional credit to the poor who have no security or collateral to offer.

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RBI to amend rules to control NBFCs turning LLPs

by reporter March 9, 2010 Finance

The Reserve Bank of India (RBI) plans to amend its rules to pre-empt non banking finance companies (NBFCs) from misusing the liberal rules governing limited liability partnership (LLP) firms.

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Aditya Birla Minacs acquires British firm

by reporter March 9, 2010 Business News

Aditya Birla Minacs, an arm of Aditya Birla Group, today announced the acquisition of the UK-based Compass BPO, a leading end-to-end finance and accounting (F&A) services provider.

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Finmin, RBI to meet end March on FY11 borrowing

by india-news-reporter March 9, 2010 Finance

NEW DELHI (Reuters) – The Reserve Bank of India (RBI) and finance ministry officials will meet in end-March to decide on the government’s borrowing plan for the fiscal year 2010/11, a senior official said on Tuesday.

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Govt to continue reforms to strengthen economy – minister

by india-news-reporter March 9, 2010 Finance

NEW DELHI (Reuters) – The government will continue with economic reforms to strengthen the economy, Minister of State for Finance Namo Narain Meena told parliament in a written reply on Tuesday.

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Disposal by central banks to be prime mover of gold prices

by reporter March 8, 2010 Finance

Protests by importers and jewellers against finance minister Pranab Mukherjee raising customs on gold and platinum by Rs100 to Rs 300 per 10 gm lack conviction. Prices of these precious metals are ruling so high, despite some recent correction that an extra Rs100 per 10 gm levy is not to cause market jitters.

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Business bodies urge faster cuts

by reporter March 8, 2010 Business News

The CBI wants the Budget to deliver plans to balance public finances by 2016 – two years earlier than currently planned.

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TVS provides for fin arm; FY10 profit to be hit

by reporter March 8, 2010 Business News

TVS Motor Company said on Monday it would make a one-time provision for negative valuation of its loss-hit finance arm, TVS Finance & Services Ltd and transfer its entire holding in the unit to another subsidiary.

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UK says prepared to be flexible on Icesave

by reporter March 7, 2010 Business News

LONDON (Reuters) – Britain is prepared to be flexible in reaching a solution with Iceland to repay debts, finance minister Alistair Darling said on Sunday, adding it would take many, many years for Britain to be reimbursed.

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Finmin: borrowing won’t crowd out pvt sector

by india-news-reporter March 6, 2010 Finance

MUMBAI (Reuters) – India’s record market borrowing in the fiscal year 2010/11 will not crowd out private borrowers, the finance minister said on Saturday.

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