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Business Today

The airline industry thinks it has won a great victory as the government has decontrolled ATF imports. But as one explores the issue it is a very hollow victory.

What began as an idea to overcome part of India's power woes through 16 large thermal projects now faces serious challenges to its implementation.
This has been helped by the new generic launches it has made in the US market coupled with strong volume growth across its key products in the US.
Given the patchy performance of lead indicators, it seems premature to conclude that the economy has turned the corner.