MUMBAI (Reuters) - India's power companies are hoping the federal budget to encourage much-needed investments in the sector and have sought an extension of an income tax holiday beyond 2010, industry officials and analysts said.
MUMBAI (Reuters) - Ten years and $325 million later, an ambitious sea bridge aimed at easing Mumbai's notorious traffic jams opened on Tuesday, holding out hope for harried commuters as well as investors betting on infrastructure.
MUMBAI (Reuters) - Indian fund managers may buy financial and engineering stocks in the next three months as infrastructure related sectors come back in favour on hopes of higher government spending and reforms, a Reuters poll shows.
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HONG KONG/WASHINGTON (Reuters) - A big jump in the number of mobile phone subscribers in Iran last quarter was welcome news for MTN Group, but potentially troublesome for U.S. banks eyeing a role in the South African telco's planned $20 billion-plus merger.
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MUMBAI (Reuters) – The BSE Sensex extended losses to more than 1 percent on Tuesday afternoon, weighed down by uncertainties about next Monday's federal budget.
MUMBAI (Reuters) - The rupee rose to its highest in two weeks on Tuesday, tracking a weaker dollar overseas, and traders watched local share prices for cues on capital inflows.
BOSTON (Reuters) - Cybercrime is rapidly spreading on Facebook as fraudsters prey on users who think the world's top social networking site is a safe haven on the Internet.
TOKYO (Reuters) - Japan's jobless rate rose to its highest in nearly six years, threatening to undermine government efforts to spur growth with stimulus spending, and leaving the world's No.2 economy at the mercy of demand for its exports.
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MUMBAI (Reuters) - India's wagon makers have demanded speedy execution of rail infrastructure projects, clearing pending proposals for private participation and more passenger trains in the upcoming budget.
NEW DELHI (Reuters) - India's infrastructure sector output grew 2.8 percent in May from a year earlier, slower than an upwardly revised 5 percent in April, government data showed on Tuesday.