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Press Notes 2 And 3

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China's central bank faces uncertainty over HDFC Bank's bonus issue due to Chinese investment norms

As on March 31, the PBC held 3.4 crore shares in HDFC Bank, valued at approximately $800 million
DIPP's new 'Control' definition to benefit Wal-Mart

The industry body The Department of Industrial Policy and Promotion (DIPP) proposal on stricter definition of control could also lead to a legal sanctity to Press Notes 2 and 3 of 2009.

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