MUMBAI Feb 25 (Reuters) - India's non-banking financial shares were poised to gain on Monday after the central bank issued guidelines allowing any business sector to apply for banking licenses.
IDFC Ltd, a lender and consultant for infrastructure projects, rose 2 percent in pre-open trading. Domestic markets will open at 0345 GMT. (Reporting by Rafael Nam; Editing by Anand Basu)
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Heavy rains and a landslide in the Himalayan region of Kashmir killed 17 people, police said on Tuesday, as authorities continued working to rescue stranded villagers, with unseasonal rains raising fears of flash floods in the mountainous north. Full Article