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March 8: Snapshots of the day

  • March 8: Snapshots of the day

    March 8: Snapshots of the day

  • <p><b>A worker cleans a Hero Honda logo inside its showroom in Hyderabad.</b>
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Hero Investments has agreed to buy Honda Motors Ltd&#39;s 26% stake in Hero Honda Motors for around $851 million in a deal that will see the Japanese automaker exit its joint venture in India after more than 26 years.
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Hero Investments is buying the stake at Rs 739.97 a share, it said in a statement.
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Shares in Hero Honda fell more than 3% following the news. The Hero Honda joint venture was India&#39;s largest motorcycle manufacturer with more than half the domestic market.
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    A worker cleans a Hero Honda logo inside its showroom in Hyderabad.

    Hero Investments has agreed to buy Honda Motors Ltd's 26% stake in Hero Honda Motors for around $851 million in a deal that will see the Japanese automaker exit its joint venture in India after more than 26 years.

    Hero Investments is buying the stake at Rs 739.97 a share, it said in a statement.

    Shares in Hero Honda fell more than 3% following the news. The Hero Honda joint venture was India's largest motorcycle manufacturer with more than half the domestic market.

  • <p><b>Prime Minister Manmohan Singh attends a conference in New Delhi.</b> 
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The Congress party and DMK appeared closer to a deal on Tuesday to keep the ruling coalition with a parliamentary majority after threats to quit the government sparked worries of instability in Asia&#39;s third-largest economy.
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The controversy, sparked by a disagreement over seat-sharing for a state election in April, was another blow for Prime Minister Manmohan Singh, who is fighting a series of corruption scandals and high inflation that have weakened his government.
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The Dravida Munnetra Kazhagam (DMK) party has 18 seats and gives the ruling Congress a parliamentary majority of one. A pull-out would force Congress to search for other allies or continue as a minority government dependent on conditional support from other parties.
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The coalition was not in danger of collapse even if the DMK ministers left because the party said it would continue to give conditional support

    Prime Minister Manmohan Singh attends a conference in New Delhi.

    The Congress party and DMK appeared closer to a deal on Tuesday to keep the ruling coalition with a parliamentary majority after threats to quit the government sparked worries of instability in Asia's third-largest economy.

    The controversy, sparked by a disagreement over seat-sharing for a state election in April, was another blow for Prime Minister Manmohan Singh, who is fighting a series of corruption scandals and high inflation that have weakened his government.

    The Dravida Munnetra Kazhagam (DMK) party has 18 seats and gives the ruling Congress a parliamentary majority of one. A pull-out would force Congress to search for other allies or continue as a minority government dependent on conditional support from other parties.

    The coalition was not in danger of collapse even if the DMK ministers left because the party said it would continue to give conditional support

  • <p><b>Kapil Sibal is seen in Davos.</b>
</p><p>
Telecoms Minister Kapil Sibal said on Tuesday he and other government officials met with industry officials to discuss various 2G-spectrum related issues.
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\"A range of issues were discussed. There were about 15 points that were on the table,\" Sibal told reporters.
</p><p>
\"Our effort is to take the stakeholders on board.\"
</p><p>
India is overhauling its decade-old telecoms policy in a bid to make the world&#39;s fastest-growing mobile market more transparent, after the sector was hit by scandal involving below-market price grant of licences and radio airwaves that a state auditor said caused revenue loss of up to $39 billion.
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    Kapil Sibal is seen in Davos.

    Telecoms Minister Kapil Sibal said on Tuesday he and other government officials met with industry officials to discuss various 2G-spectrum related issues.

    \"A range of issues were discussed. There were about 15 points that were on the table,\" Sibal told reporters.

    \"Our effort is to take the stakeholders on board.\"

    India is overhauling its decade-old telecoms policy in a bid to make the world's fastest-growing mobile market more transparent, after the sector was hit by scandal involving below-market price grant of licences and radio airwaves that a state auditor said caused revenue loss of up to $39 billion.

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