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  • SAN FRANCISCO/ NEW YORK, Feb 18- Federal authorities in San Francisco are probing U.S.-based Mirach Capital Group, two sources familiar with the situation told Reuters, amid allegations that the group gave a forged bank letter to Indian conglomerate Sahara as part of financing negotiations. Sahara had sought to borrow more than $1 billion from Mirach to help...

  • Make-or-break moment for India markets coming Wednesday, 18 Feb 2015 | 6:00 PM ET

    Investors' unflinching faith in Indian PM Modi will be put to the test later this month when the government presents its annual budget.

  • Playing India's stock market surge  Wednesday, 18 Feb 2015 | 1:15 PM ET

    CNBC's Seema Mody notes signs of a recovering Indian economy including a pickup in manufacturing and narrowing of its account deficit.

  • NEW DELHI, Feb 18- The United States could intensify sanctions against Russia if the Kremlin continues to destabilize eastern Ukraine, a senior U.S. government official said. Washington and the European Union imposed sanctions after Russia annexed Crimea last March and supported pro- Moscow separatists in eastern Ukraine. The Leaders of Ukraine, Russia,...

  • This emerging market is outperforming its rivals Wednesday, 18 Feb 2015 | 10:25 AM ET
    A pedestrian holding an umbrella walks past cranes operating at a residential construction site in Mumbai, India.

    India is flourishing as other emerging markets are hit by economic woes, The New York Times reports.

  • Dhawal Mehta, India specialist at Somerset Capital Management, says Indian prime minister Narendra Modi's reform drive will continue with the country's stocks at the beginning of a "good 10 year run".

  • This leader's 'self-loving' suit up for auction Tuesday, 17 Feb 2015 | 9:56 PM ET

    India PM Narendra Modi's monogrammed pinstripe suit will go under the hammer on Wednesday after becoming a subject of controversy.

  • Feb 17- BNY Mellon Corp, the world's No. 1 custody bank, said it included an additional after-tax legal expense of $598 million to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters. The expense would lower net income to $209 million, or 18 cents per share, from previously stated $807 million, or 70...

  • The company said adjusted net income would now be $209 million, or 18 cents per share, down from its previously stated $667 million, or 58 cents, per share.

  • Eros misses 3Q profit forecasts Tuesday, 17 Feb 2015 | 8:18 AM ET

    MUMBAI, India _ Eros International PLC on Tuesday reported fiscal third-quarter net income of $21 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW DELHI, Feb 16- India sealed a nuclear energy agreement with Sri Lanka on Monday, its first breakthrough with the new government of the tiny Indian Ocean island where China has been building ports and highways in a diplomatic push in recent years. Under the deal, India will help Sri Lanka build its nuclear energy infrastructure, including training of personnel,...

  • The nuclear agreement would allow India and Sri Lanka to share expertise on the management of radioactive waste, nuclear disaster mitigation and environmental protection, officials said. Sri Lankan lawmakers in the past have raised concerns about the safety of India's Russian-built nuclear power plants in Tamil Nadu state, near Sri Lanka.

  • *First Solar says land, financing key in solar drive. NEW DELHI, Feb 15- India will struggle to hit its "hugely ambitious" renewable energy target if it fails to make more land available for plants and ensure utilities have the means to buy in clean energy, the head of U.S.-based First Solar said on Sunday. First Solar Chief Executive Jim Hughes said he welcomed the...

  • NEW DELHI, Feb 15- U.S.-based SunEdison and First Solar on Sunday committed to build more than 20,000 megawatts of clean energy capacity in India by 2022, a boost for Prime Minister Narendra Modi's efforts to meet ambitious renewable targets. SunEdison said it would build 15,200 MW of solar and wind power capacity by 2022, while First Solar made a commitment to...

  • Relations between India and Sri Lanka had become tense in recent years, as China grew cozier with the island nation, long considered by India as being within its traditional sphere of influence. Sri Lanka also irked New Delhi by allowing two Chinese submarines to dock along its coastline, and by brokering deals for billions in Chinese loans and infrastructure...

  • NEW YORK, Feb 12- American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results. The New York- based company, the largest commercial insurer in the United States and Canada, reported a 67 percent drop in net income to $655 million, or $0.46 per...

  • NEW YORK, Feb 12- Insurer American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday, hurt by the performance in its corporate category. AIG also declared a dividend of $0.125 per share and increased its share repurchase authorization to up to $2.5 billion. The U.S. insurer's net income fell 67 percent to $655 million,...

  • NEW DELHI, Feb 12- India and the United States vowed on Thursday to step up joint efforts to halt illicit money flows after revelations that Iranian oil export revenues had been siphoned out of an Indian bank in a suspected money-laundering scheme. Indian Finance Minister Arun Jaitley said the case centering on state-controlled UCO Bank had not come up as part...

  • MUMBAI, Feb 12- The United States will "push back very hard" against countries that target weaker exchange rates to gain an unfair trade advantage, Treasury Secretary Jack Lew said on Thursday, driving home concerns he expressed to the Group of 20 this week. He urged Europe to make greater use of fiscal policy to reinforce monetary stimulus to boost growth.

  • NEW DELHI, Feb 12- Two state-of-the-art public hospitals in New Delhi are barely operational years after they officially opened- not for lack of funding but because officials did not spend the millions of dollars allocated to treat heart and kidney patients. At the 300- bed Janakpuri Super Speciality Hospital, gleaming marble-floored corridors disappear...