Thursday , July 20 2017

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Micro-finance rebound shows rural India recovering from cash ban

Micro-finance rebound shows rural India recovering from cash ban copy

Bloomberg India’s vast rural hinterland, which makes up 70 percent of the South Asian country’s population, is showing signs of recovery from last year’s cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor. The micro-finance industry is rebounding, real rural incomes are rising and ...

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Vitol Group drops plan to buy Gupta stake in South African coal terminal

Vitol drops plan to buy Gupta stake in S African coal port copy

Bloomberg Vitol Group, the world’s largest independent oil trader, walked away from a deal to buy a stake in the Richards Bay Coal Terminal from a company controlled by South Africa’s Gupta family. “The consortium comprising Vitol and Burgh Group Holdings will not be proceeding with the acquisition,” the commodities-trading ...

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Petronet eyes 2019 rescue for nearly idle $700 million India LNG plant

Petronet eyes 2019 rescue for nearly idle $700mn LNG plant copy

Bloomberg Petronet LNG Ltd. sees a lifeline arriving for its loss-making Kochi liquefied natural gas import terminal by 2019 after it boosts capacity use fourfold. The only LNG terminal in southern India is operating at about 10 percent of its 5 million-ton-a-year capacity, according to Finance Director R.K. Garg. Capacity ...

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