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Auto majors may post double-digit growth

Auto makers are expected to report good numbers in the third quarter of the ongoing fiscal, led by healthy volume growth, which has been aidedby the low base of demonetisation, say analysts. According to estimates of analysts collated by Bloomberg,…

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IMF: Global economic outlook is bright

It reckons the recent pick-up has been pretty broad-based, particularly in Europe and Asia.Tax reforms in the United States are expected to stimulate economic activity, especially business investment.But the IMF has substantially downgraded its forecast for South Africa for this…

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DP World, India?s NIIF to set up $3 billion investment platform

The National Investment and Infrastructure Fund (NIIF), India?s first sovereign wealth fund, and Dubai-based ports operator DP World Pvt. Ltd, on Monday, announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and…

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