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Petrol price in Delhi, Mumbai today: Good news! Prices cut further - Details here

Petrol price in Delhi, Mumbai today: Good news! Prices cut further - Details here

Sun, Oct 21, 2018

Petrol price in Mumbai today is at Rs 87.21 per litre, after a 25 paise reduction from the previous day rate. 

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Maha proposes EPF, insurance benefits for sugarcane labourers

Maha proposes EPF, insurance benefits for sugarcane labourers

Sun, Oct 21, 2018

The official said that it has been proposed to extend benefits of EPF, insurance schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, financial assistance for children's education and housing to these labourers.

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Outflow of foreign funds not a good sign for economy: Analysts

Outflow of foreign funds not a good sign for economy: Analysts

Sun, Oct 21, 2018

"The outflow in just the last nine months is Rs 50,000 crore. The rupee and the US dollar equation was the major trigger. This is not a good sign for the Indian capital market," said Astha Jain, Senior Analyst at Hem Securities.

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Ganesh Dutt assumes charge as chairman of HIMFED

Sat, Oct 20, 2018

The newly appointed chairman of The Himachal Pradesh State Cooperative Marketing and Consumers Federation (HIMFED) Ganesh Dutt assumed the charge of office Saturday. His wife and other family members and senior BJP leaders of the state were also present on this occasion.

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Manufacturing growth: India set to see a slowdown?

Manufacturing growth: India set to see a slowdown?

Sat, Oct 20, 2018

Manufacturing growth as measured by the Index of Industrial Production, eased to 4.6% in August from 7% in July. This was along expected lines, given an unfavourable base effect related to the restocking that was underway in the year-ago period.

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RBI rate hike ahead of monetary policy meet likely; may hurt overall growth

RBI rate hike ahead of monetary policy meet likely; may hurt overall growth

Sat, Oct 20, 2018

With domestic fuel prices surging ahead and global crude oil prices remaining high over $80 a barrel coupled with free fall of rupee and widening current account deficit, the situation is not all that comfortable for the central bank to continue with the pause in repo rate hike during the current month’s monetary policy.

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RBI against separate regulator for payments system; issues dissent note

RBI against separate regulator for payments system; issues dissent note

Sat, Oct 20, 2018

"The overarching impact of monetary policy on payment and settlement systems and vice versa provides support for regulation of payment systems to be with the monetary authority," the dissent note said. The regulator said that it is vested within its purview to regulate the bank account for payment systems and the settlement systems are finally posted in the books of account of banks with the RBI to attain settlement finality.

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RBI's efforts to stabilise rupee drains $5.14 bn from forex reserve

RBI's efforts to stabilise rupee drains $5.14 bn from forex reserve

Sat, Oct 20, 2018

According to Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities, the decline in Forex reserves can be attributed to the RBI`s aggressive intervention in the spot market to stem the decline in rupee`s fall.

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Three-fourths of H1B visa holders in 2018 are Indians: US report

Sat, Oct 20, 2018

Nearly three out of every four H-1B visa holders as of October 5 are Indian citizens, an official US report has said. According to the US Citizenship and Immigration Services (USCIS), there were as many as 419,637 foreign nationals working in the US on H-1B visas as on October 5.

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Euro, pound rally on Brexit concession; stocks dip

Sat, Oct 20, 2018

Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.

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Exclusive - CrowdStrike hires Goldman Sachs to lead IPO: sources

Sat, Oct 20, 2018

Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday.

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ArcelorMittal emerges as highest bidder for Essar Steel

Sat, Oct 20, 2018

Global steel giant ArcelorMittal said Friday it has been selected as preferred bidder for the debt-laden Essar Steel by the Committee of Creditors.

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UK's May tells business leaders EU wants autumn Brexit deal

Sat, Oct 20, 2018

British Prime Minister Theresa May told business leaders on Friday she had come away from this week`s European Council meeting in Brussels with a sense that EU leaders wanted to reach a Brexit deal as soon as possible this autumn, her office said.

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Air France inks pay deal in milestone for new CEO

Fri, Oct 19, 2018

Air France-KLM`s new Chief Executive Ben Smith struck a pay deal with French unions on Friday, drawing a line under a protracted standoff that had led to costly strikes and the abrupt departure of his predecessor earlier this year.

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Ukraine secures new $3.9 billion IMF deal after gas price hike

Fri, Oct 19, 2018

Ukraine secured a new $3.9 billion stand-by aid agreement with the International Monetary Fund on Friday, helping the country maintain financial stability and the trust of investors as it heads into a choppy election period next year.

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Wall Street edges higher on earnings optimism

Fri, Oct 19, 2018

U.S. stocks were slightly higher on Friday as strong earnings from major U.S. companies such as Procter & Gamble helped brush aside growth risk concerns in Europe and political tensions related to Saudi Arabia.

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Oil up but set for weekly loss on stock build, trade tensions

Fri, Oct 19, 2018

Oil prices rose 1 percent on Friday on signs of surging demand in China, the world`s second-biggest oil consumer, although the market was headed for a second week of losses on rising U.S. inventories and concern that trade wars were curbing economic activity.

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Indiabulls Housing to make investors presentation on developer loans to allay concerns

Fri, Oct 19, 2018

Indiabulls Housing Finance Friday said the company will make a detailed presentation on top 25 developer loans to its debt investors (mutual funds and insurance firms), following recent rumours regarding the lending to developers.

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French Connection in talks with several parties over sale of company

Fri, Oct 19, 2018

French Connection said on Friday it has begun discussions with four interested parties regarding a sale of the British clothing retailer.

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IMF says agrees $3.9 billion standby deal for Ukraine

Fri, Oct 19, 2018

The International Monetary Fund said on Friday it had reached a staff level agreement with Ukraine on a new standby assistance deal worth $3.9 billion over 14 months.

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