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RBI sets rupee reference rate at 67.8867 against US dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 67.8867 against the US dollar and 75.0623 for the euro. These rates were 67.9000 and 74.8801 respectively, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 90.1739 and 66.69 […]

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Sensex shrugs off Brexit fears, climbs 82 pts

Market showed signs of resilience as the Sensex rose by over 82 points to 26,485.28 today after value-buying by investors offset concerns from UK’s shock exit from the European Union. Besides, short-covering ahead of June derivatives expiry on Thursday gave the upside some traction. The 30-share barometer advanced by 82.32 points or 0.31 per cent […]

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PM Narendra Modi: “Declare undisclosed income by Sept 30, it is last chance”

Prime Minister Narendra Modi today asked people to declare their undisclosed income by September 30, making it clear that this is the last chance to avoid problems that will follow after the window of opportunity closes. He said no questions would be asked about the source of the undisclosed income or assets if the declaration […]

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Manish Sisodia, over 60 MLAs detained on their way to RCR

Delhi Deputy Chief Minister Manish Sisodia and over 60 Aam Aadmi Party legislators were detained by police today while they were on their way to Prime Minister Narendra Modi’s residence here to protest the arrest of a party MLA. The MLAs were detained for violating prohibitory orders around 7 RCR. The protest march comes a […]

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Sensex tanks 948 points as polls show ‘Leave’ ahead in Brexit vote

On frenetic selling in early trade today, market benchmark Sensex nosedived by over 948 points to crack the crucial 27,000-mark, while Nifty broke below the 8,000-level after local media declared that Britain has voted to leave the European Union. The camp in favour of Britain’s exit from the EU was leading by four percentage points […]

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Fullerton India expands its presence in Gujarat

Fullerton India, a leading non-banking financial company in India, with a strong pan-India presence today announced its plans to strengthen its footprint in Gujarat with the launch of 3 new rural branches since April 2016, taking the company’s existing network in the state to 55 branches across urban and rural locations. The company will continue […]

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ISRO successfully launches record 20 satellites from Sriharikota

In a historic day for India, Indian Space Research Organisation (ISRO) on Wednesday launched 20 satellites including, earth observation satellite Cartosat-2 series. The Polar Satellite Launch Vehicle (PSLV) rocket lifted off with 20 satellites totally weighing 1,288 kg at 9:26 am. The 48-hour countdown began on Monday at 9.26 am for the launch of 20 […]

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Quami Ekta Dal merges with Samajwadi Party in UP

Quami Ekta Dal (QED), having two MLAs, today merged with ruling Samajwadi Party ahead of Assembly polls in Uttar Pradesh due next year. “QED has merged with SP which would strengthen the party,” SP spokesman and senior Cabinet Minister Shivpal Yadav said after a press conference here. QED President Afzal Ansari accused the Narendra Modi […]