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India's April-Nov fiscal deficit hits 112 percent of full-year target

NEW DELHI (Reuters) - India reported a fiscal deficit of 6.12 trillion rupees ($95.77 billion) for April-November, or 112 percent of the budgeted target for the current fiscal year that ends in March. ...more
2017-12-29   20:37:01 IST

Sensex, Nifty rise; set for best year since 2014

(Reuters) - Indian shares rose on Friday tracking broader Asia and were set to end 2017 with the biggest yearly gains in three as strong foreign fund inflows, hopes of an improving economy and higher corporate earnings boosted investor confidence. ...more
2017-12-29   20:37:01 IST

China c.bank frees up cash for banks ahead of Lunar New Year

SHANGHAI (Reuters) - China's central bank said it will let some commercial banks temporarily keep fewer required reserves to help them cope with the heavy demand for cash ahead of the Lunar New Year holiday, a step that analysts say does not signal any policy shift. ...more
2017-12-29   20:37:01 IST

CAG slams Modi's slow Ganges clean-up

NEW DELHI (Reuters) - India has spent less than a quarter of the funds available for a programme to clean up the Ganges river over the last two years, a federal audit has found, citing lapses in planning and financial management of a flagship scheme. ...more
2017-12-29   20:33:02 IST

Reliance Jio to buy RCom's wireless assets in $3.75 billion deal: sources

MUMBAI (Reuters) - Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm, for a total value of nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday. ...more
2017-12-29   20:33:02 IST

Corrected: Rain hits England's hopes of Ashes win

MELBOURNE (Reuters) - A morning that brought two wickets for England and a sniff of a drought-breaking Ashes win gave way to a bleak afternoon for the tourists on Friday as rain washed out most of day four on Friday and left Australia well-placed to save the fourth test. ...more
2017-12-29   19:05:02 IST

India likens cryptocurrencies to Ponzi scheme, cautions investors

NEW DELHI (Reuters) - The finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like "Ponzi schemes." ...more
2017-12-29   18:41:01 IST

Cricket: Rain hits England's hopes of Ashes win

MELBOURNE (Reuters) - A morning that brought two wickets for England and a sniff of a drought-breaking Ashes win gave way to a bleak afternoon for the tourists on Friday as rain washed out most of day four on Friday and left Australia well-placed to save the fourth test. ...more
2017-12-29   18:41:01 IST

Global Markets: Boom year for stocks and commodities, downer for the dollar

SYDNEY (Reuters) - Asian markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from snatching away the monetary punch bowl. ...more
2017-12-29   18:30:01 IST

China Dec factory growth seen slowing only slightly despite smog war

BEIJING (Reuters) - Growth in China's sprawling manufacturing sector likely slowed only slightly in December despite tough pollution measures that have forced some factories to curb production and a cooling housing market, a Reuters poll showed. ...more
2017-12-29   18:30:01 IST

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