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Bhubaneswar
Thursday, February 22, 2018

Business

Rupee Drops 29 Paise Against Dollar At 64.36

Mumbai(PTI): The rupee today dropped by 29 paise to trade at 64.36 against the US dollar on frenetic dollar demand from importers and banks. Dealers said early losses in domestic equity markets and fresh foreign fund outflows weighed on the rupee. Yesterday, the rupee had ended with a mere fall of one paisa at Rs 64.07 against the American currency. The benchmark...

Sensex, Nifty Tumbles Over 3.6 Per Cent After Global Sell-Off

Mumbai(PTI): The BSE Sensex cracked below the 34,000-mark by plunging about 1,275 points or 3.6 per cent in opening trade today due to across-the-board losses after investor sentiment was hit by a sell-off in world markets. Extending its falling streak for the sixth straight session, the 30-share index fell by 1,274.35 points, or 3.66 per cent, to 33,482.81 with all...

Budget Woes, Global Sell-Off Pull Sensex Down 310 Points

Mumbai(PTI): A sell-off in global markets further hit sentiments on domestic bourses which are already reeling under budget woes, pulling the Sensex down by nearly 310 points to a three-week low and the Nifty by 94 points on heavy selling, mainly in banking, capital goods, and IT counters. This was the fifth straight session of loss for domestic stock markets...

Sensex Losses Mount, Slips Below 35,000 In Opening Trade

Mumbai(PTI): The BSE Sensex dipped below the 35,000-level by plunging around 546 points in opening trade today on heavy losses in metal, realty, capital goods, banking and oil & gas stocks amid a global rout in equity markets. The BSE 30-share barometer tanked 545.95 points, or 1.55 per cent, to 34,520.80. The gauge had lost 1,216.50 in the previous four...

India-US Trade Estimated To Touch USD 140 Billion In 2017: USISPF

Washington(PTI): Trade between India and the US is estimated to have jumped substantially from USD 118 billion in 2016 to USD 140 billion in 2017, according to an advocacy group that aims to promote bilateral trade. In 2016, India was the ninth largest trading partner of the US and one of the major countries with which America has had trade...

Budget Effect: Sensex Crashes 840 Points On Budget Woes, Nifty Below 10,800

Mumbai(PTI): Benchmark Sensex plummeted 840 points on Friday -- its biggest single-day fall in two-and-a-half years -- while the NSE Nifty ended below the 10,800-mark as the post-Budget sell-off continued for the second straight day. The Budget 2018-19 presented on Thursday imposed long- term capital gains tax of 10 per cent on equities. Investors will also have to pay 10 per...

Budget Ripples: Sensex Dips 592 Points; Nifty Below 10,900-Mark

Mumbai(PTI): The benchmark indices plunged up to 1.72 per cent in late morning trade after Fitch Ratings said weak public finances constrain India's sovereign ratings. The Sensex tumbled by 591.69 points or 1.64 per cent to quote at 35,314.97 as banking, financials capital goods and auto stocks nosedived. Also, the NSE Nifty dipped below the 10,900-mark to trade at 10,826.50, down...

High Governmet Debt Burden Constrains India’s Rating: Fitch

New Delhi(PTI): Fitch Ratings today said high debt burden of the government constrains India's rating upgrade, a day after Finance Minister Arun Jaitley projecting a fiscal deficit of 3.5 per cent of GDP against the earlier target of 3.2 per cent. The 2018-19 Union Budget unveiled yesterday contains a number of policy measures with the potential to support economic demand...

CM Naveen Flags Off Startup India-Odisha Yatra In Bhubaneswar

Bhubaneswar: Chief Minister Naveen Patnaik today launched the Startup India-Odisha Yatra at the State Secretariat here. The Startup India-Odisha Yatra van will travel to 60 educational institutions across 16 districts of the state and will end on February 27, said Naveen Patnaik. Selected ideas would be conducted for three days intensive acceleration programme and the best 50 innovators would be...

Tata Steel Commissions SLS Plant At FAP Joda, First Of Its Kind In India

Bhubaneswar(PTI): Tata Steel today said it has commissioned a Solid Liquid Separation (SLS) plant for Gas Cleaning Plant (GCP) slurry at its Ferro Alloys Plant (FAP) at Joda in Keonjhar district of Odisha. This is the first such plant in the country in the ferro-alloys sector, the company said. The SLS plant, besides conserving water, would prevent water from sludge pits...

Sensex Retreats From Record Level, Down By 162 Points

Mumbai(PTI): Retreating from its record high level, the benchmark BSE Sensex lost over 162 points in opening trade today on profit-booking in recent gainers amid weak leads from global markets. The BSE 30-share barometer fell by 162.24 points or 0.45 per cent to 36,121.01 with IT, teck, healthcare, metal, capital goods and banking stocks falling up to 0.68 per cent. The...

Economic Survey Turns Pink; Asks Indians To Confront Son Preference

New Delhi(PTI): The pink coloured Economic Survey document tabled by Finance Minister Arun Jaitley in Parliament today recommended that India must confront the societal metapreference for a son, observing that the adverse sex ratio of females to males has led to 63 million "missing" women. The colour of this year's survey cover was chosen as a symbol of support for...

Sensex Opens Down 54 Points On Profit Booking

Mumbai(PTI): The benchmark BSE Sensex opened lower today after a five-session record-setting spree as investors cashed profits in metal, capital goods, consumer durables, power and banking shares ahead of January month expiry in the derivatives segment tomorrow. The BSE 30-share barometer dropped by 54.30 points or 0.15 per cent to 36,085.68 in opening trade as index major Reliance Industries, ICICI...

Rupee Gains 11 Paise Against Dollar In Early Trade

Mumbai(PTI): The rupee advanced by another 11 paise to 63.67 against the dollar in early trade today on increased selling of the US currency by banks and exporters amid forex inflows. Forex dealers said the dollar was trading weak against major world currencies in global markets which supported the rupee. Foreign investors put in Rs 1,229.35 crore in stocks on net...