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PM Modi to tell states to raise electricity prices

State-run electricity distributors are running out of cash and struggling to repay loans, squeezing banks' ability to spur credit growth and undermining Modi's campaign to attract more energy-hungry manufacturers to build new factories.

The world's No.1 maker of smartphones and memory chips guided for a 7.5 per cent revenue increase for the third quarter.

The South Korean tech giant estimated its July-September operating profit would leap 79.8 per cent from a year earlier to 7.3 trillion won.

The Weak Link

The NDA government is bringing a plan to clean the mess in distribution companies, but a history of failures raises more apprehension than confidence.

Stocks in focus: ICICI Bank, GMR Infra and others

Shares of ICICI Bank may stay in focus today as the lender has cut its home loan rate by 25 bps to 9.65 per cent for new customers.

RBI Governor Raghuram Rajan

Slowing down of China's economy is a concern but it may help attract FDI to India. However, global environment of slowing demand is not good, said Raghuram Rajan.

Wed Oct 07 13:53:05 IST 2015
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