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    India`s Forex reserves up $1.5 bn, reclaim $400 bn mark

    India's foreign exchange (Forex) reserves kitty increased by $1.50 billion as on October 13, 2017, official data showed on Friday. The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves rose to $400.29 billion from $398.79 billion reported for the week ended October 6. India's Forex reserves comprise of...

    • 12 hrs ago
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    Indian Oil defers Paradip refinery shutdown to March-April

    NEW DELHI - Indian Oil Corp, the country's top refinery, has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. IOC had earlier planned to shut the refinery for 20 days this month. "Due to a major job at the hydrogen unit, the refinery will be shut for about 45 days in...

    • yesterday
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    Karnataka Chief Minister seeks GST exemption on handmade goods

    Karnataka Chief Minister Siddaramaiah on Thursday urged the central government to exempt handmade products from Goods and Sales Tax (GST) regime. "As handmade products are produced by millions of artisans across the country, imposition of GST on them is having an adverse effect on their livelihood. The GST Council should exempt them from the new tax regime at its next...

    • 2 days ago
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    Gail India launches 3-cargo LNG buy tender - traders

    LONDON - Gail India launched a tender on Thursday to secure three liquefied natural gas (LNG) cargoes between mid-November and January, trade sources said. Gail seeks one cargo for delivery between Nov. 15 and the end of December, a second cargo for Jan. 1-15 and a third for Jan. 16-31, trade sources said. Bids must be submitted by Oct. 24 and the tender is valid until Oct. 25. (Reporting by...

    • 2 days ago
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    Rice prices up in India, Vietnam as rains dampen crop supply

    By Koustav Samanta BENGALURU - Rice prices in India and Vietnam rose this week as prolonged periods of rainfall threatened supply in the two major exporters of the grain. India's 5 percent broken parboiled rice prices edged up by $4 to $404-$407 per tonne as heavy rainfall in key growing regions is expected to delay harvesting. "Key producing regions in southern and eastern...

    • 2 days ago
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    Gold dips as dollar gains after U.S. Senate clears tax reform hurdle

    By Apeksha Nair Gold prices turned lower on Friday as the dollar regained ground after the U.S. Senate approved a budget plan for the 2018 fiscal year that will ease passage for Republicans to pursue a tax-cut package without Democratic support. Spot gold had declined by 0.4 percent to $1,284.06 an ounce by 0700 GMT. It was down 1.6 percent for the week. U.S. gold futures for...

    • 2 days ago
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    Gold prices hold firm as dollar sags

    Gold prices on Friday held onto most of their gains from the previous session as the dollar sagged after a report that U.S. President Donald Trump was leaning toward a less hawkish candidate as the next chair of the Federal Reserve. FUNDAMENTALS * Spot gold was steady at $1,289.52 an ounce at 0042 GMT. It gained 0.7 percent in the previous session. * U.S. gold futures for December delivery edged up 0.1...

    • 2 days ago
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    Asian shares, dollar gain after U.S. Senate passes budget plan

    By Lisa Twaronite TOKYO - Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support. European stock futures rose 0.3 percent, pointing to a firm start, while Dax futures rose 0.4 percent and CAC 40 futures were up 0.3 percent. By...

    • 2 days ago
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    India sales volume growth improved after GST: Unilever

    Mumbai, Oct 19 Anglo-Dutch consumer goods multinational Unilever on Thursday said emerging markets sales drove the company's growth in the third quarter of 2017, while it sees signs of improvement in India with higher demand-led growth helped by price cuts resulting from GST."While conditions in our developed markets remain challenging, we are starting to see signs of improvement...

    • 2 days ago
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    China economy shows solid momentum as party meets, but property curbs bite

    By Kevin Yao and Elias Glenn BEIJING - China's economic growth looked set to accelerate for the first time in seven years this year, after hardly skipping a beat in the third quarter, but efforts to cut risks in property and debt are beginning to weigh on parts of the world's second-largest economy. Beijing's push to consolidate and restructure its...

    • 2 days ago

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