Monday 30 May 2016
 
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India

Jet Airways posts record profit

India’s Jet Airways Group, an Etihad Airways Partner airline, has declared the highest annual net profit of $185 million for the year ended March 31, 2016, (FY16) compared to a loss of $342 million for the previous financial year (FY15).

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India counts cost of reduced Gulf remittances

Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a southwestern state that has one of India's highest unemployment rates. He's a casu

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India to invest $500m in Iran port project

Indian Prime Minister Narendra Modi on Monday pledged up to $500 million to develop the southern Iran port of Chabahar, in a move to give his country trade access to Iran, Afghanistan and central Asia. The route is currently all-b

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Ford to recall 48,700 EcoSport SUVs in India

Ford Motor Company has issued a voluntary recall of 48,700 EcoSport sport-utility vehicles (SUVs) in India to fix faulty fuel and brake lines and rear folding seats, the company's local unit said in a statement on Friday. Ford

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Ford to recall 48,700 EcoSport SUVs in India

Ford Motor Company has issued a voluntary recall of 48,700 EcoSport sport-utility vehicles (SUVs) in India to fix faulty fuel and brake lines and rear folding seats, the company's local unit said in a statement on Friday. Ford

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Spreading colours of love

Revellers take part in the 'Festival of Colors' in Warsaw, Poland, on May 21. The event refers to the tradition Hindu festival  of Holi celebrated across India on the occasion of the arrival of spring. It takes place on the approach

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Indian PM Modi to visit Qatar next month

Indian Prime Minister Narendra Modi will pay a two-day visit to energy-rich Qatar, the first by an Indian Premier in the last eight years, starting from June 4, said a report. During the visit, Modi will hold extensive talks with

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UAE expats buying property in India as investment

More than 40 per cent of the NRIs (non-resident Indians) living in the UAE prefer to buy Indian property as an investment, whether for the first time or as an additional asset, said a report ahead of a key industry event in Dubai.

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BP sells part of its stake in Castrol India

Oil major BP sold part of the stake its unit Castrol holds in Castrol India, but said it would remain a majority shareholder in the company. The company said it sold an 11.5 percent stake in the Indian lubricants maker to a range

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India's ruling BJP wins power in northeast

Indian Prime Minister Narendra Modi's ruling party declared victory on Thursday in an election in the northeastern state of Assam, which will help his right-wing nationalist government rebuild some momentum after poll losses last year.

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