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    • PE firms invest $2.3bn in April-June quarter: PwC survey

      After a dismal first quarter of the calendar year, private equity (PE) investments in the April-June quarter this year have more than doubled to USD 2.3 billion through 82 deals, a PwC report says.

    • FDI in telecom hiked to 100%

      The government today allowed 100 percent foreign direct investment (FDI) in telecom sector; a key demand of the industry.there is raising of cap from 74 to 100 percent in basic and cellular services. Upto 49 percent remains under automatic route and 49-100 percent through FIPB route, commerce minister Anand Sharma said in a press conference.

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