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Cash ban triggers chaos in India’s jewellery industry

  Bloomberg A self-imposed cash shortage in India is creating chaos for jewellery retailers in one of the world’s biggest gold-buying countries. Sales are plunging. Just ask Renita Ferreira. While her February 24 marriage ceremony has been set for a year, she and her fiance haven’t bought wedding rings, even after many trips to stores in Panaji, the capital of ...

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Tata Group plans to raise stakes in key listed units

  Bloomberg India’s Tata Group, seeking to cement control over a sprawling $100 billion business empire, is exploring ways to boost its stakes in key listed companies including the maker of Jaguar luxury cars, people with knowledge of the matter said. Tata Sons Ltd., the group holding company, plans to raise its ownership over time in five of its largest ...

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S’pore export growth beats forecasts

  Bloomberg Singapore’s exports surged above economists’ forecasts for a second consecutive month, signaling a recovery in the trade-dependent economy. Non-oil domestic exports rose 9.4 percent in December from a year ago, International Enterprise Singapore said in a report. The median estimate of 15 economists surveyed by Bloomberg was for a 5.8 percent increase. Electronics exports increased 5.7 percent in ...

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