Cairn India Extends $1.2 Billion Loan to Vedanta; Shares Slump The loan represents 12% of Cairn India's market capitalisation. Of the $1.25 billion, the company has already disbursed $800 million, Cairn India said.
FII Sub-limit in Government Bonds Relaxed by $5 Billion Government bonds have rallied this week on expectations of changes to the FII limits, after the existing $20 billion cap was almost fully used up.
Facebook Beats Wall Street Targets, Stock Hits Record High Facebook fast-growing mobile advertising business helped drive a 61% increase in revenue during the second quarter, beating Wall Street's financial targets.

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Why Gold Prices May Not Come Down Soon Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous Congress led-UPA.

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The Most Popular Cars on Indian Roads Maruti Suzuki continued its dominance on the Indian roads, with five of its models featuring in the list of top 10 best-selling cars in the April-June 2014 quarter, according to SIAM.

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