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Conference on improving rabi begins next week

New Delhi, Sep 19 (PTI) A two-day national conference on ways to increase foodgrain output in rabi season will begin here from September 22 against the backdrop of rainfall deficit in some parts of the country. About 51 per cent of the country’s foodgrain output comes from crops grown in the rabi season, beginning next month. The normal area that ...

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Investor wealth dips by Rs 1.9 lakh cr as mkt plunges

Mumbai, Sep 4 (PTI) Investor wealth slumped by Rs 1.92 lakh crore today as the BSE benchmark Sensex plummeted by 563 points following heavy selling in global stocks ahead of the US jobs data. The 30-share Sensex plunged 562.88 points to settle at 25,201.90. Today’s closing was the lowest level since July 14, 2014 when the index had closed at ...

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Sensex goes off-track again, rolls down 563 points

Mumbai, Sep 4 (PTI) The slide show is back for markets as the benchmark BSE Sensex tanked over 562 points to 25,201.90 — its weakest closing in nearly 14 months — amid lacklustre global cues following caution over US payrolls data. A strong set of non-farm jobs numbers, analysts say, is expected to cement Fed’s stance for a rate hike ...

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Turner appointed Warner Bros Products’ licensee

Turner International India has been appointed as Warner Bros Consumer Products’ (WBCP) master licensee for India, Pakistan, Sri Lanka and Bangladesh. Turner will manage Warner Bros’ (WB) portfolio of globally acclaimed franchises including classic cartoons like Tom & Jerry, The Looney Tunes Show, Scooby Doo along with WB blockbuster movie franchises like Harry Potter and DC Comic’s superhero league including ...

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Sensex rises 162 pts in early trade on capital inflows

The benchmark BSE Sensex gained over 162 points to trade above 28,000-mark in early trade today on sustained foreign capital inflows amidst a firming trend at other Asian markets. The 30-share index, which had lost 189.04 points in the previous session, recovered 162.46 points, or 0.58 per cent, at 28,040.73 with IT, metal and capital goods sector stocks leading the ...

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Rupee weakens 15 paise against dollar in early trade

The rupee depreciated 15 paise to 65.15 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Dealers attributed the rupee’s fall to increased demand for the US currency from importers and a weak trend in the domestic equity market in early trade. The rupee had recovered 10 paise ...

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Fgn assets of Rs 6,500 cr disclosed under compliance window:PM

Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law and the drive would continue despite its ‘side effects’. In his address to the nation from the ramparts of the Red Fort on the 69th Independence Day, ...

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RBI sets rupee reference rate at 65.12 against dollar

The Reserve Bank of India today fixed the reference rate of rupee at 65.12 against the USD and 72.55 for the euro as against 64.92 and 72.25, respectively, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 101.61 and 52.35 per 100 yen, respectively, based on reference rates ...

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Sensex climbs 279 pts on positive macro data

The benchmark BSE Sensex rebounded over 278 points to 27,791.10 in early trade today, reversing its fall for the last four sessions after retail inflation eased in July, raising hopes of a rate cut by the Reserve Bank. Industrial output too cheered, which expanded at a 4-month high of 3.8 per cent in June. Besides, a firming trend at other ...

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Macros improving, subsidy reforms to continue: Jaitley

Government today said it is committed to pursuing subsidy reforms by efficient targeting of subsidies to the poor and needy while saving the ‘scarce financial resources’ for infrastructure and development needs. Stating that it was essential to gradually reduce expenditure on subsidy through reforms to meet fiscal deficit targets, Finance Minister Arun Jaitey also said that the Seventh Pay Commission ...

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