Amid growing concern over a slow and weak progression of this year’s southwest monsoon, the government today assured the nation that the situation for most kharif crops, barring coarse cereals, had not turned worrisome yet. Experts, however, cast doubts over the claims, particularly on …

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Too early to consider this a recovery, as PMI data usually contrast with industrial production data Though industrial data for May remained bleak, HSBC’s Purchasing Managers Index (PMI) for manufacturing pointed to a slow, but consistent, improvement in factory output. The index rose t…

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The rupee, which recorded its biggest single-day gain in three years on Friday, may recoup to 54-54.50 level against the dollar this week on the back of positive outcomes from Euro summit along with improved domestic sentiment, say experts. On Friday, the rupee logged its second biggest …

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Nineteen looks like a lucky number in Europe. The EU Summit — the 19th such confab since the debt crisis began — is resulting in progress on two major issues: long-term fiscal unity and short-term relief for Spain and Italy. “We affirm our strong commitment to do what i…

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By Chuck Mikolajczak NEW YORK (Reuters) – Stocks fell on Thursday but pared back sharp losses late in the session on talk of progress by European leaders in easing the region’s debt crisis, while the Supreme Court’s ruling upholding a landmark healthcare law hit large h…

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The Nifty may move sideways with a negative bias in the range of 5,060 to 5,155 The volatile market settled higher on hopes that the prime minister, who has kept the finance portfolio, will create a path for economic reforms. On a higher volume of 53.36 crore on the National Stock Exchan…

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European shares edged up on Wednesday but the euro was flat, with many investors out of the markets after Germany reiterated its staunch opposition to common bonds to share the euro zone’s debt burden ahead of a European crisis summit. The dollar eased from earlier highs and safe-h…

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No-frills airline, SpiceJet, is in discussions with two West Asian airlines, Etihad Airways and Qatar Airways, for a minority stake sale. The move comes amidst expectations that the government would allow foreign airlines to invest directly in Indian carriers. When contacted, a SpiceJet …

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The government securities’ limit also has been hiked, to $20 bn from $15 bn As part of its measures to boost economy, the government today increased the external commercial borrowings’ limit to $10 billion for repayment of outstanding rupee loans towards capital expenditure …

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Stock markets are likely to see high volatility this week as a weak rupee, insipid domestic and international cues and settlement in this month’s derivative contracts will influence sentiments, analysts said. “This week would continue to pose challenges for the markets in lig…

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