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Banks eye control of Jaiprakash in debt-for-equity swap - sources

MUMBAI Banks plan to take control of indebted infrastructure company Jaiprakash Associates Ltd by swapping part of its loans for equity, two banking sources with direct knowledge of the matter said on Friday.

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JPMorgan wins approval to open three new branches in India

MUMBAI JPMorgan Chase & Co said on Friday it has won approval from India's central bank to open three more branches in the country even as most foreign banks are scaling back their operations in India.

Top News, 4:08pm IST

Adani plans $1.5 billion copper smelter to boost solar ambitions - source

MUMBAI/SYDNEY Indian billionaire Gautam Adani-controlled conglomerate Adani Enterprises plans to build a copper smelter with an eye to furthering its ambitions in the solar sector, said a source familiar with the plan.

Top News, 3:49pm IST

ECB calls for urgent roadmap on Britain's plans to leave EU

LONDON/PARIS Two of the European Central Bank's top policymakers pressed Britain on Friday to provide a clear-cut plan for leaving the European Union, to prevent more economic damage.

9:45pm IST

Bond yields sink as central banks head for easier policy

LONDON The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.

5:38pm IST

Wall Street gains as data points to improving economy

U.S. stocks extended their gains and were up for the fourth straight day on Friday as strong manufacturing data boosted prospects for an improvement in the economy.

10:28pm IST

Markets

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Sensex 27,144.91 + 145.19 +0.54%
Nikkei 15,682.48 + 106.56 +0.68%
Hang Seng 20,794.37 + 358.25 +1.75%
EUR/INR 74.891 -0.07%
USD/INR 67.216 -0.42%
GBP/INR 89.162 -0.74%
Gold 1,335.80 +17.40 +1.32%
Oil 48.25 -0.08 -0.17%
Corn 354.25 -4.50 -1.25%

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