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Qualcomm India unit to sell stake for $64 mln - sources
(Reuters)
Reuters - The Indian broadband unit of cellphone chip maker Qualcomm plans to sell a 26 percent stake to two Indian companies for about 3 billion rupees ($64 million), two sources with direct knowledge of the matter said.
Monsoon strengthens further, crops to gain
(Reuters)
Reuters - The vital monsoon rains were 38 percent higher than normal in the week to July 28, bouncing back from a 17-percent deficit in the previous week, the weather office said on Thursday.
RBI official: aggressive monetary policy needed
(Reuters)
Reuters - An RBI official said current policy rates will not tame inflation and aggressive action is needed, two days after it raised rates more sharply than expected and adopted a hawkish tone.
India batsmen dominate in second Sri Lanka test
(Reuters)
Reuters - Suresh Raina stroked a memorable debut century and Sachin Tendulkar coasted to his fifth double hundred to help India cruise to 589 for five wickets at tea on the fourth day of the second test against Sri Lanka on Thursday.
HSBC tapped to sell BP stake in Vietnam gas project - sources
(Reuters)
Reuters - BP has tapped HSBC to sell its stake in the Nam Con Son gas project in Vietnam as it scrambles to hive off $30 billion of assets to pay for the clean-up of the worst oil spill in U.S. history, three sources said.
DTH firms bet on premium services, but cost a worry
(Reuters)
Reuters - The Indian Direct-to-home (DTH) broadcast market is witnessing a flood of premium and add-on services like HD (high definition) and gaming features, but cost remains a stumbling block in efforts to woo customers, industry players say.
Heavy rains delay salvage of crashed Pakistan plane
(Reuters)
Reuters - Heavy monsoon rains in Islamabad on Thursday hampered recovery efforts at the site of a Pakistani plane crash that killed all 152 people on board a day earlier, a senior police officer said.
Govt does not plan to ban BlackBerry services
(Reuters)
Reuters - NEW DELHI (Reuters) -The internal security chief said on Thursday that there were no plans to ban Research In Motion's popular BlackBerry services in the world's fastest growing mobile phone market.
Frank talk from Cameron shakes up British diplomacy
(Reuters)
Reuters - British Prime Minister David Cameron has revealed a plain-speaking streak during a tour of Turkey and India that raises questions over whether it is down to youthful inexperience or a bold new approach to diplomacy.
Oil India says has $2 bln budget for foreign buys
(Reuters)
Reuters - State-run explorer Oil India Ltd has set aside $2 billion for overseas acquisitions, Chairman N.M. Borah told reporters on Thursday.
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