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Modi considers cheap loans, other help for small Indian businesses: Sources

Tuesday, January 22, 2019, 7:11 AM

Indian PM Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two-government sources with direct knowledge of the matter said, as he tries to placate a key voter bloc ahead of a general election due by May. More measures are now being planned, said the sources, who declined to be named as the information was not public.
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Global FDI skids 19% on Trump tax reform, may rebound in 2019: United Nations

Tuesday, January 22, 2019, 7:10 AM

Global FDI fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump's tax reforms, the United Nations trade and development agency UNCTAD said. FDI, comprising cross-border mergers and acquisitions (M&A), intra-company loans and investment in start-up projects abroad, is a bellwether of globalisation and a potential sign of growth of corporate supply chains and future trade ties.
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ONGC share buyback to open from Jan 29-Feb 11

Tuesday, January 22, 2019, 7:08 AM

State-owned Oil and Natural Gas Corp's (ONGC) Rs 4,022 crore share buyback programme will open on January 29 and close on February 11, the company said in its offer letter to shareholders. ONGC's board had on December 20 approved buyback of 25.29 crore shares for Rs 159 apiece as part of the government plan to get cash-rich PSUs to part with their surplus.

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