"Handshake across the Himalayas"
India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas. Full Article | Slideshow
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MARKET EYE-India's SAIL falls; govt seen selling stake at discount
* Shares in Steel Authority of India Ltd fall 3.9 percent on worries the government's planned stake sale will have to happen at a discount to attract interest as there are concerns about the company's earnings outlook. * Citigroup last week downgraded SAIL to "sell", noting downside risks to volumes, uncertainty on wages and its dependence on the domestic market, where steel prices may not rise as much as in global markets. * The government is planning to sell a stake in SAIL and other state-run companies including NTPC Ltd in February and March. * Dealers also speculate SAIL could post lower-than-expected margins in the October-December quarter. (email@example.com /; firstname.lastname@example.org)
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