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Love is in whole history of a woman's life, it is but an episodein a man's. #Happy #International #Women's #Day #1India (at 1 India)

“These bottom-of-the-pyramid, hard-working entrepreneurs find it difficult, if not impossible, to access formal systems of credit,” Jaitley said. “Just as we are banking the unbanked, we are also funding the unfunded.” ($ 1 = 61.6489 Indian rupees) (Additional reporting by Dipika Lalwani; Editing by Clara Ferreira Marques and David Holmes)

* Refining capacity expected to rise 20 pct by March 2012 (Adds details, background)NEW DELHI, Oct 18 (Reuters) - India's crude oil output is expected to rise only marginally in the fiscal 2011/12, a government statement said, which could force Asia's third largest economy to resort to costlier imports as it expands refining capacity.India, the world's fourth largest oil importer, ships in 80 percent of its oil needs to meet growing local fuel demand and feed its expanding refining capacity.The country's oil output is expected to rise an annual 1.3 percent to 763,800 barrels per day (bpd), while natural gas production is seen edging down to 51.68 billion cubic meters from a year ago, the government said in the statement on Tuesday.Higher output from Cairn India's Rajasthan block is expected to raise the oil output, while a fall in production from Reliance Industries -operated D6 block, off India's east coast, will nudge down the gas output, the statement said.Refining capacity is expected to rise 20 percent to about 4.65 million bpd at the end of the current fiscal year in March, it said.India has a surplus refining capacity but it still imports fuel as private firms, controlling over a third of current capacity, prefer to export.Unlike state fuel retailers, private firms do not get partial compensation from the government and upstream firms on sale of fuel state-set cheaper rates.Lower realisation on fuels sales along with rupee depreciation <INR/] and higher oil prices LCOc1 have hurt cash flows of the state oil marketing firms, resulting in higher borrowings and interest burden.The combined debt of state-run oil retailers -- Indian Oil Corp , Bharat Petroleum and Hindustan Petroleum -- rose 23 percent since March to 1.19 trillion rupees ($24.31 billion) in August.These firms sell diesel, kerosene and cooking gas at subsidised rates to help the government control inflation .India is aggressively pursuing oil diplomacy to ensure energy security for the country, the statement said.It is building strategic oil storage at three locations in southern India, sufficient to meet 90 days demand, as a hedge against crude price volatility and to ensure supplies in case of disruption.The first storage of 9.75 million barrels at Vizag will be completed by end of this month, while the second facility of about 11 million barrels at Mangalore will be ready by November next year, the statement said.An 18.76 million barrels storage at Padur will be completed by May 2013, it said.The statement said oil companies, which currently own oil storage capacity of 162.726 barrels, are building tanks to store 24.12 barrels more, taking India's overall all oil storage capacity to about 226 million barrels.

* Co says sold record number of two wheelers in Q2Oct 18 (Reuters) - Hero MotoCorp , India's largest motorcycle maker, reported a better-than-expected 19 percent rise in quarterly profit, and said it is confident of growing sales despite concerns over rising inflation and fuel costs in Asia's third-largest economy.High interest rates that have dented car sales are expected to benefit two-wheeler manufacturers, with many first-time buyers plumbing for motorcycles or scooters in the world's second-fastest growing major auto market."We remain confident of carrying forward the buoyancy in our sales. We expect our retail volumes to peak during the festive month of October," Hero MotoCorp CEO Pawan Munjal said in a statement. He added the company was expanding capacity to meet the expected demand.Industry motorcycle sales in September rose 20 percent from a year previous, against a 1.8 percent fall in domestic car sales, industry data showed this month.Hero MotoCorp, which ended a 26-year joint venture with Japan's Honda Motors this year, said it sold a record 1.5 million two-wheelers during the quarter, a growth of 20 percent from a year earlier. The company has targeted sales of over six million vehicles in this fiscal year, Munjal had said in July.The New Delhi-based firm reported net profit of 6.04 billion rupees ($123 million) for its fiscal second quarter ended September, up from 5.06 billion rupees a year earlier. Net sales rose 28 percent to 57.84 billion rupees.Analysts on average expected net profit 5.6 billion rupees on revenue of 58 billion rupees, according to Thomson Reuters I/B/E/S.Raw material costs increased by more than a quarter to 42.64 billion rupees.Earlier this year, Hero Investments agreed to buy Honda's 26 percent stake in the joint venture, formerly known as Hero Honda, for around $851 million.The deal gave Hero freedom to explore new products and export opportunities in markets where Honda has a presence, a move it had been barred from while in the joint venture, but marked its former partner as a competitor for domestic sales.It also faces growing competition from rivals such as Bajaj Auto .Shares in Hero MotoCorp ended down 0.4 percent on Tuesday ahead of the results, after rising as much as 1.1 percent, in a Mumbai market that fell 1.6 percent.Hero MotoCorp shares, valued at $8.1 billion, are down 0.1 percent this year, compared with a more than 13 percent in the sector index and a decline of over 18 percent in the benchmark index . ($1=49.3 Indian rupees)

NEW DELHI Oct 18 (Reuters) - India has agreed to grant an Internet service licence to Qualcomm Inc , Telecoms Secretary R. Chandrashekhar said on Tuesday, clearing the way for the U.S. chipmaker to launch broadband services in the country after its application for the licence was rejected initially.Qualcomm last year paid about $1 billion for wireless spectrum it won in a state auction in four of India's 22 telecoms zones. The company needs to get the so-called Internet Service Provider's licence to launch broadband services.The ministry had earlier cited Qualcomm missing the deadline for applying for the Internet service providers' licence as one of the reasons for rejecting the application. The ministry had also said Qualcomm applied for four separate licences, whereas it should have applied for just one.Qualcomm was not immediately available for comment. The company has previously said it fully complied with the application process and will work with the Indian authorities to resolve the matter.It last year sold a total 26 percent stake in its India broadband venture to Indian firms Global Holdings and Tulip Telecom to comply with Indian rules, which allow a maximum 74 percent foreign holding in local telecoms companies.Qualcomm, which is pushing for the deployment of LTE (long-term evolution) broadband technology, has said it is looking for more operator partners in the Indian venture and plans to eventually exit the business.Other firms who have wireless broadband spectrum in select zones include top telecoms firm Bharti Airtel , smaller carrier Aircel and privately held Augere and Tikona.A unit of Reliance Industries , India's most valuable firm, has wireless broadband spectrum in all the 22 zones of the country.None of the broadband spectrum winners have launched services yet.

NEW DELHI Oct 18 (Reuters) - India has agreed to grant an Internet service licence to Qualcomm Inc , Telecoms Secretary R. Chandrashekhar said on Tuesday, clearing the way for the U.S. chipmaker to launch broadband services in the country after its application for the licence was rejected initially.Qualcomm last year paid about $1 billion for wireless spectrum it won in a state auction in four of India's 22 telecoms zones. The company needs to get the so-called Internet Service Provider's licence to launch broadband services.The ministry had earlier cited Qualcomm missing the deadline for applying for the Internet service providers' licence as one of the reasons for rejecting the application. The ministry had also said Qualcomm applied for four separate licences, whereas it should have applied for just one.Qualcomm was not immediately available for comment. The company has previously said it fully complied with the application process and will work with the Indian authorities to resolve the matter.It last year sold a total 26 percent stake in its India broadband venture to Indian firms Global Holdings and Tulip Telecom to comply with Indian rules, which allow a maximum 74 percent foreign holding in local telecoms companies.Qualcomm, which is pushing for the deployment of LTE (long-term evolution) broadband technology, has said it is looking for more operator partners in the Indian venture and plans to eventually exit the business.Other firms who have wireless broadband spectrum in select zones include top telecoms firm Bharti Airtel , smaller carrier Aircel and privately held Augere and Tikona.A unit of Reliance Industries , India's most valuable firm, has wireless broadband spectrum in all the 22 zones of the country.None of the broadband spectrum winners have launched services yet.

NEW DELHI Oct 18 (Reuters) - India has agreed to grant an Internet service licence to Qualcomm Inc , Telecoms Secretary R. Chandrashekhar said on Tuesday, clearing the way for the U.S. chipmaker to launch broadband services in the country after its application for the licence was rejected initially.Qualcomm last year paid about $1 billion for wireless spectrum it won in a state auction in four of India's 22 telecoms zones. The company needs to get the so-called Internet Service Provider's licence to launch broadband services.The ministry had earlier cited Qualcomm missing the deadline for applying for the Internet service providers' licence as one of the reasons for rejecting the application. The ministry had also said Qualcomm applied for four separate licences, whereas it should have applied for just one.Qualcomm was not immediately available for comment. The company has previously said it fully complied with the application process and will work with the Indian authorities to resolve the matter.It last year sold a total 26 percent stake in its India broadband venture to Indian firms Global Holdings and Tulip Telecom to comply with Indian rules, which allow a maximum 74 percent foreign holding in local telecoms companies.Qualcomm, which is pushing for the deployment of LTE (long-term evolution) broadband technology, has said it is looking for more operator partners in the Indian venture and plans to eventually exit the business.Other firms who have wireless broadband spectrum in select zones include top telecoms firm Bharti Airtel , smaller carrier Aircel and privately held Augere and Tikona.A unit of Reliance Industries , India's most valuable firm, has wireless broadband spectrum in all the 22 zones of the country.None of the broadband spectrum winners have launched services yet.

NEW DELHI Oct 18 (Reuters) - India has agreed to grant an Internet service licence to Qualcomm Inc , Telecoms Secretary R. Chandrashekhar said on Tuesday, clearing the way for the U.S. chipmaker to launch broadband services in the country after its application for the licence was rejected initially.Qualcomm last year paid about $1 billion for wireless spectrum it won in a state auction in four of India's 22 telecoms zones. The company needs to get the so-called Internet Service Provider's licence to launch broadband services.The ministry had earlier cited Qualcomm missing the deadline for applying for the Internet service providers' licence as one of the reasons for rejecting the application. The ministry had also said Qualcomm applied for four separate licences, whereas it should have applied for just one.Qualcomm was not immediately available for comment. The company has previously said it fully complied with the application process and will work with the Indian authorities to resolve the matter.It last year sold a total 26 percent stake in its India broadband venture to Indian firms Global Holdings and Tulip Telecom to comply with Indian rules, which allow a maximum 74 percent foreign holding in local telecoms companies.Qualcomm, which is pushing for the deployment of LTE (long-term evolution) broadband technology, has said it is looking for more operator partners in the Indian venture and plans to eventually exit the business.Other firms who have wireless broadband spectrum in select zones include top telecoms firm Bharti Airtel , smaller carrier Aircel and privately held Augere and Tikona.A unit of Reliance Industries , India's most valuable firm, has wireless broadband spectrum in all the 22 zones of the country.None of the broadband spectrum winners have launched services yet.