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Feb 15, 2012

India to auction stakes in state-run companies

NEW DELHI/MUMBAI, Feb 15 (Reuters) – An Indian panel
on Wednesday approved a plan to sell some of the government’s
shareholdings in state-run Oil and Natural Gas Corp
through a share auction without setting any timeframe, amid
growing worries about a ballooning fiscal deficit.

New Delhi is widely expected to miss by a long chalk its
deficit target of 4.6 percent of GDP for the fiscal year that
ends this March, partly due to its inability to meet the budget
target for more than $8.1 billion in state company share sales.

Feb 7, 2012

Airlines in India to be allowed to import jet fuel

NEW DELHI (Reuters) – India’s cash-starved airlines will be allowed to import jet fuel directly under a plan approved by a government panel on Tuesday, a break that could help them cut fuel costs by up to 20 percent but also require new spending.

Carriers led by Kingfisher Airlines (KING.NS: Quote, Profile, Research) have long demanded the right to import fuel, which accounts for about half of their operating costs, and airline shares soared on the news.

Feb 7, 2012

Indian airlines to be allowed to import jet fuel

NEW DELHI, Feb 7 (Reuters) – India’s cash-starved
airlines will be allowed to import jet fuel directly under a
plan approved by a government panel on Tuesday, a break that
could help them cut fuel costs by up to 20 percent but also
require new spending.

Carriers led by Kingfisher Airlines have long
demanded the right to import fuel, which accounts for about half
of their operating costs, and airline shares soared on the news.

Feb 6, 2012

Facebook, Google remove content after court warning

NEW DELHI/BANGALORE (Reuters) – Internet giants Google Inc (GOOG.O: Quote, Profile, Research) and Facebook removed content from some Indian domain websites on Monday following a court directive warning them of a crackdown “like China” if they did not take steps to protect religious sensibilities.

The two are among 21 companies ordered to develop a mechanism to block material considered religiously offensive after private petitioners took them to court over images deemed offensive to Hindus, Muslims and Christians.

Feb 6, 2012

Internet giants pull content after warning in India courts

NEW DELHI/BANGALORE, Feb 6 (Reuters) – Internet giants
Google Inc and Facebook removed content from some
Indian domain websites on Monday following a court directive
warning them of a crackdown “like China” if they did not take
steps to protect religious sensibilities.

The two are among 21 companies ordered to develop a
mechanism to block material considered religiously offensive
after private petitioners took them to court over images deemed
offensive to Hindus, Muslims and Christians.

Feb 6, 2012

Internet giants remove content after India court warning

Feb 6 (Reuters) – Internet giants Google Inc
and Facebook removed content from some Indian domain websites on
Monday following a court directive warning them of a crackdown
“like China” if they did not take steps to protect religious
sensibilities.

The two are among 21 companies asked to develop a mechanism
to block objectionable material after a private petitioner took
them to court over images deemed offensive to Hindus, Muslims
and Christians.

Feb 3, 2012

Factbox: India’s growing defense market

By Arup Roychoudhury

(Reuters) – India plans to spend about $100 billion over the next 10 years to upgrade its largely Soviet-era military equipment, as Asia’s third largest economy looks to match its military power with its economic clout.

In what has been described as one of the world’s most dangerous regions, with three nuclear-armed countries bordering each other, India’s fears of the rising might of China and threats from Pakistan — along with a underdeveloped aerospace industry — have made it the world’s leading weapons importer. That makes it a lucrative market for firms such as Boeing and Dassault.

Jan 31, 2012

India’s fast-growing defence market

By Arup Roychoudhury

(Reuters) – India’s multi-billion-dollar potential combat jet deal with preferred bidder Dassault Aviation (AVMD.PA: Quote, Profile, Research) is one of the many the country wants to implement.

It plans to spend about $50 billion over the next five years to upgrade its military, which is largely made-up of Soviet-era equipment, to counter the rising might of China and threats from Pakistan, in deals that make Asia’s third largest economy a lucrative market for firms such as Boeing (BA.N: Quote, Profile, Research) and Dassault.

Jan 16, 2012

Google, Facebook oppose Web control in Delhi HC

NEW DELHI (Reuters) – Internet giants Google and Facebook told the Delhi High Court on Monday that it is not possible for companies to block offensive content that appears on their websites, in a case that has stoked fears about censorship in the world’s largest democracy.

Google and Facebook are among 21 companies that have been asked to develop a mechanism to block objectionable material, after a private petitioner took the websites to court over images deemed offensive to Hindus, Muslims and Christians.

Jan 16, 2012

Internet giants oppose Web control in India court

NEW DELHI, Jan 16 (Reuters) – Internet giants Google
and Facebook told an Indian court on Monday that it is
not possible for companies to block offensive content that
appears on their websites, in a case that has stoked fears about
censorship in the world’s largest democracy.

Google and Facebook are among 21 companies that have been
asked to develop a mechanism to block objectionable material,
after a private petitioner took the websites to court over
images deemed offensive to Hindus, Muslims and Christians.

    • About Arup

      "I cover India's economic policies, and the people behind them, out of New Delhi. I also write on defence matters affecting the world's largest arms importer and contribute to the political and general file. I started my career with the Reuters Bangalore bureau in 2008."
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