Sensex up 64pts on reform hopes
Asian shares rose on Thursday as China's manufacturing sector expanded for the first time in 13 months in November, adding to optimism that global growth slowdown may have turned a corner after firm U.S. factory data.
INDIAN STOCKS TO WATCH
India is to allow state-run Life Insurance Corp (LIC) to triple the maximum stake it can hold in other companies to 30 percent in a move seen as helping a government sell-off of its own holdings in a range of firms.
The government also said on Wednesday it would kick off sales by offloading a stake in Hindustan Copper on Friday and in miner NMDC Ltd and explorer Oil India before Dec. 20.
India's central bank Governor Duvvuri Subbarao went against the suggestion of most external members of an advisory panel to keep the key repo rate steady on Oct. 30, minutes of the quarterly meeting released on Wednesday showed.
Finance Minister P Chidambaram has asked banks to lend a helping hand to builders, particularly those involved in construction of residential properties, in order to revive
faltering economic growth.
Remittance inflows into India is expected to increase to $70 billion in 2012, according to a World Bank report on global migration and remittances released on Wednesday.
The oil ministry said the government is not considering any proposal to revise price for natural
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