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Govt to import pulses to check prices; crackdown on hoarders

To check rising price of pulses, the government today said it will import lentils in large quantities to boost supply and also asked states to take action against hoarders. In a meeting chaired by Prime Minister Narendra Modi, the Cabinet expressed concern over rising prices and decided to increase imports, among other measures. Pulses prices have risen by up to ...

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Sensex fails to maintain momentum, slumps 98 points

The benchmark BSE Sensex dropped 98 points in the late morning trade due to fresh selling, mainly at metal, power, refinery, banking, healthcare and FMCG counters following overnight losses in the US market. The Sensex resumed higher at 27,885.36 and firmed up further to 27,911.44 on initial buying on the back of good foreign capital inflows. However, it declined immediately ...

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Profit booking drags Sensex 302 pts down in early trade

The benchmark BSE Sensex fell over 302 points in early trade today to slip below the 27,000 level as stocks of banking, realty, healthcare, IT, metal and auto companies succumbed to profit booking by speculators, giving up most of yesterday’s gains amid a mixed trend at other Asian bourses. The 30-share index slipped below the 27,000 mark by falling 302.48 ...

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Sensex climbs 340 pts in early trade on easing inflation

After yesterday’s plunge, the benchmark BSE Sensex rebounded by over 340 points to trade above the 27,000 mark in early trade today after retail inflation eased to 4-month low at 4.87% in April, raising hopes of a rate cut by the Reserve Bank. Besides, a firming trend at other Asian markets influenced trading sentiment. The 30-share barometer recovered sharply by ...

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Modi’s China trip: Trade gap, non-tariff barriers on the table

India will seek greater market access and removal of non-tariff barriers to bridge widening trade deficit with China during Prime Minister Narendra Modi’s visit this month, a senior commerce ministry official said. India wants greater market access for its products including textiles, pharmaceuticals and bovine meat. The country imports about 65 per cent of bulk drugs from China for its ...

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Expert academicians working on cyber security

New Delhi, May 8 (PTI) The government has set up an expert group of academicians and professionals to prepare a roadmap for effectively tackling cyber crime in India and give recommendations on its facets, Parliament was informed today. The five-member Expert Study group comprises Rajat Moona, Director General, Centre for Development of Advanced Computing (C-DAC); Professor Balakrishnan of Indian Institute ...

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Food Processing Minister accuses Rahul of deception over Amethi issue

New Delhi, May 8 (PTI) Rahul Gandhi today came under attack in Lok Sabha, with the government accusing him of “playing politics of deception” and “misleading” the House over a mega food park project in his constituency Amethi, evoking strong protests from Congress members. “The project was cancelled on July 11, 2014…..Were you sleeping for 10 months? It is you ...

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Sensex slips below 27k level, tumbles 295 pts on F&O expiry

The benchmark BSE Sensex tanked over 295 points to slip below the 27,000-level in early trade today as participants indulged in offloading positions in view of April series expiry in the derivatives segment. The 30-share barometer, which had lost 170.45 points in yesterday’s volatile session, dipped below the 27,000-mark by falling 295.25 points or 1.08 per cent to 26,930.68. All ...

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Sensex down 108 pts ahead of Apr derivatives expiry

The benchmark BSE Sensex fell over 108 points in early trade today as stocks of IT, FMCG, metal, oil & gas and auto companies succumbed to profit-booking by speculators ahead of tomorrow’s monthly expiry in derivatives segment amid a weak trend at other Asian bourses. The 30-share index declined by 108.97 points, or 0.39 per cent, to 27,287.41. The gauge ...

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Rupee gains 12 paise against dollar in early trade

The rupee strengthened by 12 paise at 63.36 against the US dollar in early trade on Tuesday at Interbank Foreign Exchange on increased selling of the American currency by exporters. Forex dealers said besides selling of the Greenback by exporters, a higher opening in the domestic equity market, supported the rupee. However, a firm dollar overseas capped the rise in ...

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