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Asia Pacific to account for one-third of global airline loss
The Asia-Pacific region will account for more than one-third of the global airline losses this year, which is likely to touch a whopping $9 billion, due to recession impacting industry"s bottom line.

Three solar companies to set up units in Andhra
The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has issued offer letters, so far, to an Indian and two American companies for setting up solar power plants at Kadiri in Anantapur district where it has earmarked an area of 5,000 acres for allotment to solar power projects.

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New power equations
The hot gossip that’s warming up New Delhi’s cocktail circuit in a cold winter is about changing power equations on Raisina Hill with the exit of National Security Advisor MK Narayanan. Not only is Home Minister P Chidambaram seen as a “rising star”, there’s talk of a new “power trio” — Sonia Gandhi’s political advisor Ahmed Patel, Pranab Mukherjee’s assistant Omita Paul and prime minister’s principal secretary TKA Nair — in that order of importance!
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Forex reserves up $684 mn to $285 bn

India"s foreign exchange reserves rose by $684 million for the week ended October 23 to $285.520 billion from $284.836 billion in the previous week. - Capital inflows lessen external sector blues - Forex reserves up by $1.52 bn to $281.86 bn - Dena Bank opens corporate business branch - Fema to apply to reverse overseas M&As, says RBI - Forex reserves fall to $280.770 bn - Govt not in favour of dual listing Foreign Currency Assets (FCAs), during the period, grew to $268.348 billion as against $267.898 billion in the week ago, the Reserve Bank of India (RBI) said in its weekly report today. FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the RBI said. Gold reserves, during the week, stood unchanged at $10.316 billion, while the Special Drawing Rights (SDRs) stood marginally up at $5.267 billion from $5.250 billion in the previous week, the central bank said. India"s reserve position in the International Monetary Fund grew to $1.589 billion from $1.372 billion in the week-ago, the RBI said.


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