India & Pakistan News
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Indian State-Run Companies Said to Consider Cairn Counter Bid
Indian state-run energy companies are considering bidding for a stake in Cairn India Ltd., countering Vedanta Resources Plc’s $9.6 billion offer for the explorer, according to two people familiar with the matter.
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Hero Honda Expects India Motorcycle Sales to Slow on Rising Interest Rates
Hero Honda Motors Ltd. , maker of half the motorcycles sold in India, said demand growth will slow this year as the central bank raises interest rates to pare inflation.
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India's Cement Equities to Beat Sensex as Construction Picks Up, UTI Says
India’s cement shares may outperform the nation’s stock market as construction increases after the monsoon season and record government spending on infrastructure drives demand, according to UTI Asset Management Co.
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Rupee Weakens on Speculation Data May Show Global Recovery Is Faltering
India’s rupee weakened on speculation investors will favor safer assets like the dollar before a report today that may show the global economic recovery is losing traction.
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