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  • NEW DELHI, Feb 26- India's government unveiled plans on Thursday to invest $137 billion in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock faster economic growth. Over the next year, India will increase investment by about a half to 1 trillion rupees...

  • NEW DELHI, Feb 26- India will increase investment in its overloaded railway network to 8.5 trillion rupees over the next five years, the government said on Thursday, promising to modernise existing tracks but shying away from raising fares to fund the expansion. Presenting the railway budget just two days before the government delivers its first full annual...

  • TORONTO, Feb 25- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Wednesday, driven by significant gains in its personal and commercial banking and capital markets businesses. RBC shares rose almost 3 percent to C $77.25 in Toronto, while National shares gained 2 percent to C $47.92. RBC's net income rose to C $2.46...

  • PARIS/ FRANKFURT, Feb 25- U.S. and British spies are likely to have hacked into SIM card maker Gemalto in an attempt to steal codes that protect the privacy of billions of mobile phone users, the company said, as it sought to downplay the impact and ruled out legal action. "The facts are hard to prove from a legal perspective and... the history of going after a state shows it...

  • Uber: Ride with us, we'll give you hotel points Wednesday, 25 Feb 2015 | 9:26 AM ET

    Uber is partnering with hotel chain Starwood to give riders a bit more incentive to choose the ride-hailing service over a taxi.

  • TORONTO, Feb 25- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Wednesday, driven by significant gains in its personal and commercial banking and capital markets businesses. The results could improve investor sentiment towards Canadian banks, which took a hit after Bank of Montreal, Canada's fourth-largest...

  • PARIS/ FRANKFURT, Feb 25- U.S. and British spies probably hacked into the world's biggest maker of phone SIM cards in an attempt to steal codes that protect the privacy of billions of mobile phone users, the company said on Wednesday. The Franco-Dutch firm, Gemalto, was responding to a report on an investigative news website that said the hack allowed the Britain's...

  • Feb 25- Royal Bank of Canada, the country's biggest lender, said quarterly net profit jumped 17 percent, helped by gains in its personal and commercial banking and capital markets businesses. Net income rose to C $2.46 billion or C $1.65 per share, in the first quarter ended Jan. 31 from C $2.09 billion, or C $1.38 per share, a year earlier. RBC said on Wednesday personal...

  • PARIS, Feb 25- Talks on the sale of 126 Rafale fighter jets to India are advancing, a French defence ministry spokesman said during a visit to India by Defence Minister Jean-Yves Le Drian to salvage a deal stalled on the issue of local assembly of the aircraft. One major sticking point has been over who would be responsible for the manufacturers' guarantee on 108 of...

  • Canada's RBC reports higher first-quarter profit Wednesday, 25 Feb 2015 | 6:09 AM ET

    Net income rose to C $2.46 billion or C $1.65 per share, in the first quarter ended Jan. 31 from C $2.09 billion, or C $1.38 per share, a year earlier.

  • MUMBAI, Feb 25- Hindu nationalists in India have stepped up attacks on the country's beef industry, seizing trucks with cattle bound for abattoirs and blockading meat processing plants in a bid to halt the trade in the world's second-biggest exporter. "We are doing everything legally, but these people harass us and disrupt our work for no reason," said Mohammad...

  • Uber partners with Starwood, giving hotel points for rides Wednesday, 25 Feb 2015 | 12:02 AM ET

    NEW YORK— Uber is partnering with hotel chain Starwood to give riders a bit more incentive to choose the ride-hailing service over a taxi. Free hotel nights start at 3,000 points for the lowest tier of hotels, like the Four Points by Sheraton Tucson Airport in Arizona, and can be as high as 35,000 points a night for properties like the St. Regis Princeville Resort in...

  • *Q4 loss $3.08/ shr vs est $3.01. *Revenue $234.2 mln vs est $246.2 mln. Feb 24- Hollywood studio DreamWorks Animation SKG Inc said it expected revenue in its feature film business to decline in the mid-teen percent range as it had only one theatrical release planned for 2015..

  • Feb 24- Hollywood studio DreamWorks Animation SKG Inc reported a fourth-quarter loss, compared with a profit a year earlier, as it took charges related to restructuring and the weaker-than-expected performance of "The Penguins of Madagascar." The company took impairment charges of $57.1 million, or a loss of about 63 cents per share, related to the performance...

  • MUMBAI, Feb 25- Hindu nationalists in India have stepped up attacks on the country's beef industry, seizing trucks with cattle bound for abattoirs and blockading meat processing plants in a bid to halt the trade in the world's second-biggest exporter. "We are doing everything legally, but these people harass us and disrupt our work for no reason," said Mohammad...

  • MUMBAI, Feb 24- Indian tax officials searched the Mumbai headquarters of HSBC Holdings PLC last week as part of a probe related to allegations that the bank's Swiss business helped clients dodge taxes, a person with knowledge of the matter said on Tuesday. The search came as HSBC prepared to release its annual report on Monday, in which the bank said it had received...

  • MUMBAI, Feb 24- Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013.. Prime Minister Narendra Modi's election victory nine months ago resulted in India becoming...

  • *Global retailers such as Gap, H&M planning big push into India. NEW DELHI/ MUMBAI, Feb 24- A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop. Located in a posh district in the south of New Delhi,...

  • *Global retailers such as Gap, H&M planning big push into India. NEW DELHI/ MUMBAI, Feb 24- A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop. Located in a posh district in the south of New Delhi,...

  • Pick these stocks over US equities: Expert Monday, 23 Feb 2015 | 3:19 PM ET
    Sparks fly as an employee uses an angle grinder at an Ishwar Engineering factory in Mumbai, India.

    Asian markets look attractive compared with U.S. stocks as they are "substantially less valued," Atlantic Trust's CIO said.