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The government will decide on increasing foreign investment in public sector banks after the Reserve Bank of India reviews voting rights. Current rules limit foreign investment to 20%. The RBI is reviewing shareholding limits for private banks too. India allows 74% foreign investment in private banks. The government hopes for a strategic sale in IDBI Bank by October.
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The Pizza Terra restaurant in Burns Harbor abruptly closed its doors Monday as part of an ownership dispute between business partners.
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Energy and housing costs were the major drivers of inflation, but consumers are starting to feel the impact of tariffs on basic goods.
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