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FIPB defers proposal on giving telecom licence to Bycell
The Foreign Investment Promotion Board (FIPB) has again deferred its recommendation on the revised Rs 2,500-crore proposal of Swiss telecom company ByCell to start telecom services in India.

SCOPE advise state run firms against flooding market with IPOs
Standing Conference Of Public Enterprises (SCOPE), the apex industry chamber for state-run firms, has advised members against flooding the market with their IPO offerings -- expected in the face of the government planning to list all profit-making public sector enterprises.

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Stocks, metals decline as China curbs lending
Stocks fell around the world, driving the MSCI Emerging Markets Index down the most in three weeks, and metals declined after China moved to curb lending. The yen dropped after Japan’s new finance minister said he would welcome a weaker currency.
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Failure to ink legally binding climate deal unfortunate: Japan

Japan today termed as "unfortunate" the failure of the Copenhagen climate talks to deliver a legally binding agreement to tackle global warming. - AV Rajwade: The imminent food crisis">AV Rajwade: The imminent food crisis - "Accord appears to be complete betrayal of poor, weaker nations" - Mexico wants binding climate accord at 2010 summit - Subir Roy: Remember the ragpicker">Subir Roy: Remember the ragpicker - Consultants, banks to help cos raise funds for CDM projects - Summit useful in getting India, China to take action: Aus "It is unfortunate that we failed to reach a legally binding agreement," Japanese Prime Minister Yukio Hatoyama told reporters here when asked about the Copenhagen talks. Hatoyama said he discussed the Copenhagen initiative and climate change issues in a bilateral meeting he had with Prime Minister Manmohan Singh. "With the cooperation of countries, we need to make that (Copenhagen Accord) into a legally binding agreement," he said after the meeting with Singh. A joint statement issued after the talks said that the two leaders welcomed the Copenhagen Accord. Singh and Hatoyama reaffirmed their determination to work together closely in the negotiations under the UN Framework Convention on Climate Change and agreed outcome to be adopted at the 16th Conference of Parties next year. Singh welcomed the announcement of the "Hatoyama Initiative" under which Japan has pledged to reduce its own emissions by 25 per cent in the next decade and to work closely with developing countries on their mitigation programs. The Copenhagen Accord, agreed to by 119 heads of state/government, is not a legally binding document and does not mention any quantitative emission targets for any country.


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