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Airtel cuts mobile roaming rates by 60%
Telecom major Bharti Airtel today cut mobile roaming rates by 60 per cent for its 115 million users, opening a new turf in the ongoing tariff war. http://smallpersonalloans.org.uk

Computerised CAT to cost less than Rs 2,000
In what should come as a huge respite for Common Admission Test (CAT) candidates, the Indian Institutes of Management (IIMs) have hinted that the registration fee for the computer-based test this academic year will not be as high as similar tests like GMAT (Graduate Management Aptitude Test, for admission to business schools overseas).

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'Indo-US partnership more confident; but requires nurturing'
As the Obama Administration gears itself to "strengthen" its bilateral relationship with India, a top American business leader has said the Indo-US partnership, though now more confident than ever, requires nurturing.
Small Business

Western Union diversifies, eyes e-gov, microfinance providers

Money transfer firm Western Union Financial Services plans to tie up with e-governance service providers and microfinance institutions to expand its reach in India. - SKS Micro gets CARE rating - HDFC Bank in talks with India Post for microfinance in Maha - MFIs" bad loans may triple: Crisil - SKS to extend micro-insurance cover - SKS lends to 5 mn women - Share Microfin eyes a 13-fold increase in disbursals in 5 years "We are looking at alternative class of traders who have strong presence in rural India, especially e-governance and microfinance entities," Kiran Shetty, regional vice-president, India, told PTI. Till now, the company had been focusing on banks, the postal department, and retail agents to deliver growth in India. Now, it wants to look beyond these three traditional channels. "We are really wanting to diversify to those channels and grow our distribution very aggressively," Shetty, responsible for managing and developing the Western Union business in India, said. The company, which has spread to 54,000 locations in India now from just 3,000 in 2001. Shetty said the company expects e-governance service providers and microfinance institutions to contribute in double-digit to the India revenues of the company in two years.


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