Under pressure, govt to review steep petrol hike
NEW DELHI - India's coalition government opened the way for a partial rollback of the steepest petrol hike in the country's history after two days of street protests and dissent from within its own ranks over the unpopular measure.
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Stocks, euro fall on fears of Greek euro exit
NEW YORK - U.S. stocks and the euro slipped o n F riday as Spain's deteriorating finances and a possible Greek exit from the euro overshadowed an upbeat report on U.S. consumer confidence.
BSE Sensex ends flat; outlook still weak
MUMBAI - The BSE Sensex ended flat on Friday, as state-controlled oil companies fell on fears this week's petrol price hike would be partially rolled back, casting doubts about a potential increase in other fuels such as diesel.
Suzlon eyes up to $200 mln from asset sales in FY13
REUTERS - India's Suzlon Energy plans to raise $100 million to $200 million by selling some "non-critical" assets this fiscal year to pare its $2 billion debt, a senior official said, after the wind turbine maker posted loss for the third year in a row.
Essar's Ravi Ruia, Loop execs get bail in 2G case
NEW DELHI - Five businessmen, including billionaire Ravi Ruia from the Essar conglomerate, have won bail in a case probing a telecoms licensing scandal which has drawn in tycoons and a former minister.
'Sensex can plunge if Greece exits euro'
Global investment bank Standard Chartered has predicted that India's benchmark Sensex index may fall 35 per cent from current levels in case Greece exits the euro. If the forecast turns true, the Sensex may fall to 10,472 levels. Full Article
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