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India's fiscal deficit breaches 2016/17 target in January

NEW DELHI India's fiscal deficit in the first 10 months to January was 5.64 trillion rupees ($84.56 billion) or 105.7 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Tuesday.

India's infrastructure output growth slows in January

NEW DELHI India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month on a fall in refinery production and a deeper contraction in cement output, government data showed on Tuesday.

Sensex falls for second day, but gains for the month

Indian shares fell for a second straight session on Tuesday as caution set in ahead of quarterly gross domestic product data due later in the day, which will show the extent of the impact on the economy from a ban on high-value currency.

Tata Sons moves to settle $1.18 billion legal dispute with DoCoMo

MUMBAI Tata Sons has agreed to pay NTT DoCoMo $1.18 billion to buy out the Japanese firm's stake in a telecoms joint venture, paving the way for the settlement of a long-standing dispute days after a new chairman took charge at the Indian conglomerate.

Trump's "big" spending hopes nudge global stocks higher

LONDON World stocks hovered just off all-time highs and were on course for a fourth straight month of gains on Tuesday, as investors awaited a speech by U.S. President Donald Trump for signals on infrastructure spending and tax cuts.

Samsung Group says dismantling corporate strategy office

SEOUL South Korea's Samsung Group on Tuesday said it has dismantled its corporate strategy office, the nerve centre of operations for the sprawling conglomerate, following its chief's arrest amid a graft scandal that could bring down President Park Geun-hye.

Huawei staff fear cuts as smartphone profits disappoint

HONG KONG/BARCELONA Staff at China's Huawei Technologies Co Ltd are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets.

Reliance buys naphtha to feed growing domestic demand

SINGAPORE India's Reliance Industries has bought between 60,000 and 90,000 tonnes of heavy full-range naphtha for March arrival to plug a supply gap due to its growing petrochemical capacity, industry sources with knowledge of the matter said on Tuesday.

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