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July 19, Thursday 2018 3:59 AM       
       HEADLINES: Bihari woman found hanging in seminary                                              New assignment for ADGP Sudhesh Kumar                                              PC George turns violent at Paliyekkara toll plaza, toll barrier destructed                                              I pulled down barrier...civil rights can be protected this way only: P C George                                              Abhimanyu murder: Main accused Muhammad arrested                                              Dogs who sniffed out Bin Laden to help CISF                                              Reham Khan’s autobiography mentions Shah Rukh Khan                                              PM ready for any discussion as monsoon session of parliament begins                                              6 held for 'sexually assaulting' Russian tourist in TN                                              MiG 21 crashes in Kangra district of Himachal                                              Google fined 5 billion dollars by EU                                              Root and Morgan clinch decider for England in ODI series                                              Kaumudi Facebook
       BUSINESS  
         Sensex slides 146 pts on profit-booking, political developments    
 
 
MUMBAI: The BSE Sensex tumbled from its all-time high to end 147 points lower at 36,373.44 in choppy trade today after a no-confidence motion against the government was moved in the Lok Sabha. Speaker Sumitra Mahajan said she would announce the date for a debate on it in "2-3 days". The Nifty too slipped below the psychologically important 11,000 mark. The Sensex swung about 427 points on alternate bouts of buying and selling during the volatile session.

 
         India prepared to impose 'safeguards' if steel imports rise: government source    
 
 
NEW DELHI: India is planning to impose “safeguards” on steel imports if the volumes coming into the country increase beyond a certain level, a government source said in New Delhi on Tuesday. India, which was a net exporter of steel until March 2018, saw a rise in imports since the beginning of fiscal year 2018/19, making it a net importer for the first two months of the fiscal year, according to government figures.

 
         Nickel falls on lower demand    
 
 
MUMBAI: Nickel prices declined at the non-ferrous metals market here today on stockists' selling amid lower demand from alloy industries. Elsewhere aluminium utensils, brass sheet cuttings and copper scrap heavy also declined due to mild offtake from consuming industries. While copper utensils, copper sheet cuttings and zinc gained owing to good demand from industrial users.

 
         May announces new 2 bn pounds UK-Italian fighter jet project    
 
 
FARNBOROUGH: Prime Minister Theresa May today announced a new 2.0 billion pounds (2.3 billion euros, USD 2.7 billion) programme with Italy's Leonardo to design a new generation fighter jet as Britain aims to project aerospace prowess into its post-Brexit future.

 
         Infosys shares soar 6% after Q1 earnings    
 
 
NEW DELHI: Shares of Infosys rose by nearly 6 per cent to hit its one-year high level today even as the company posted a lower-than-expected earnings for the quarter ended on June 30, 2018. The stock, after a positive opening, further gained 5.75 per cent to Rs 1,384.40 -- its 52-week high -- on BSE.

 
         Rupee slips 6 paise against US dollar    
 
 
MUMBAI: The rupee fell 6 paise to 68.59 against the US dollar in early trade today on fresh buying of the American currency by importers. Traders said dollar's strength against some currencies overseas and fresh demand of the US currency from importers weighed on investor sentiment.

 
         Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar    
 
 
NEW DELHI: Government think tank Niti Aayog is working on a proposal to replace LPG subsidy with cooking subsidy in order to extend the benefits to people using piped natural gas and biofuels for cooking purposes, a top official said today. Niti Aayog Vice Chairman Rajiv Kumar said subsidy should be applicable for all fuels that are used for cooking. At present, the government extends subsidy to users of Liquefied Petroleum Gas (LPG).

 
         India to be $10 trillion economy by 2030: Garg    
 
 
NEW DELHI: The Indian economy is at a "take off" stage and is expected to be the world's third largest by 2030 with GDP worth USD 10 trillion, Economic Affairs Secretary Subhash Chandra Garg said today. "Good days are ahead and lot of good work is happening in the economy. The economy is on a stage of take off where Indians can legitimately hold their heads high," he said here.

 
         No question of closure of DCI; 3 ports to pick up govt stake: Gadkari    
 
 
New Delhi: There is no question of closure of state-owned Dredging Corporation of India (DCI) as three major ports, including Visakhapatnam Port, plan to pick up government stake in the company, Shipping Minister Nitin Gadkari said.

 
         India to be $10 trillion economy by 2030: Garg    
 
 
New Delhi: The Indian economy is at a "take off" stage and is expected to be the world's third largest by 2030 with GDP worth USD 10 trillion, Economic Affairs Secretary Subhash Chandra Garg said today.

 
         Markets slip from record to end flat on profit-booking    
 
 
Mumbai: The BSE Sensex retreated from record high to end flat at 36,541.63 today as investors booked profits in recent gainers despite firm global cues.

 
         Markets slip from record to end flat on profit-booking    
 
 
Mumbai: The BSE Sensex retreated from record high to end flat at 36,541.63 today as investors booked profits in recent gainers despite firm global cues.

 
         No question of closure of DCI; 3 ports to pick up govt stake: Gadkari    
 
 
New Delhi: There is no question of closure of state-owned Dredging Corporation of India (DCI) as three major ports, including Visakhapatnam Port, plan to pick up government stake in the company, Shipping Minister Nitin Gadkari said. "At the department level, we have taken a decision. The three major ports are now ready to acquire DCI. We have already submitted cabinet note for approval of the cabinet," he said.

 
         Retail inflation rises to 5 percent in June    
 
 
New Delhi: The Consumer Price Index (CPI) inflation rose to a five-month high of 5.0 percent in June 2018 when compared to 4.87 percent in May and 1.46 percent in June 2017. The core CPI inflation rose to 6.45 percent.

 
         Retail inflation soars to 5% in June, IIP presides to 3.2% in May    
 
 
New Delhi: India's retail inflation rose to a five-month high of 5 percent in the month of June as compared to 4.87 percent in May, as suggested by the data from the Central Statistics Office. The Index of Industrial Production (IIP) moderated to 3.2 percent in May as compared to 4.9 per cent in April. The slowdown in the industrial production comes on the back of a moderation in the growth of core sector industries which rose 3.6 percent. The Consumer Price Index (CPI), which remained a

 
         Indian Army signs MoU with SBI on salary package    
 
 
New Delhi: The Indian Army on Thursday signed a Memorandum of Understanding (MoU) with the State Bank of India on defence salary package.

 
         US dollar ends sharply lower against rupee    
 
 
Mumbai: The US dollar ended sharply lower against the rupee at 68.57/58 per dollar and the pound sterling also finished lower at Rs 90.44/46 at the close of the Interbank Foreign Exchange (forex) market here today.

 
         Gold, silver recover on mild demand    
 
 
Mumbai: Gold prices recovered marginally to Rs 30,380 per 10 grams at the bullion market here today due to mild demand from stockist and retailers even as the metal weakened overseas.

 
         BSNL starts first internet telephony service in India    
 
New Delhi: State-owned BSNL today unveiled the country's first internet telephony service that will allow users to dial any telephone number in India through its mobile app, starting from July 25.

 
         Sensex nears all-time high; TCS shines on Q1 show    
 
 
Mumbai: Benchmark Sensex rose for the fourth session today to perch near its all-time peak, powered by a sharp rally in IT bellwether TCS following strong quarterly results.

 
         Gold futures gain 0.06% on global cues    
 
 
New Delhi: Taking positive cues from the global market, gold prices edged higher by 0.06 per cent to Rs 30,920 per 10 gram in futures trade today as speculators raised their bets.

 
         Goyal asks Coal India to ensure supply for power sector    
 
 
Kolkata: Union Coal Minister Piyush Goyal has asked Coal India to focus on meeting coal demand, particularly from the power sector, in a review meeting held here today.

 
         Grex Alternative Investments Market looks to raise $100 mln    
 
Mumbai: Grex Alternative Investments Market, a digital platform for startups and SMEs to raise capital, today said it was looking to raise USD 100 million for various companies through its platform.

 
         Cong targets PM over fall in value of Rupee    
 
 
New Delhi: The Congress today took a swipe at Prime Minister Narendra Modi over the sharp drop in the value of the Rupee and wondered which of the two -- the BJP or the Indian currency -- will fall lower.

 
         Set up central agency to evaluate big loan proposals: ICAI    
 
New Delhi: Cost accountants' apex body ICAI has suggested constituting a central agency, with cost accountants and experts from other fields, to evaluate applications for large loans before banks give their approval. The suggestion comes at a time when the country's banking system is grappling with mounting sour loans and authorities are working on multi-pronged strategies to deal with the NPA menace.

 
         Modi govt needs to shed 'obsession' with economic growth: Jean Dreze    
 
 
New Delhi: The Narendra Modi government needs to shed its "obsession" with economic growth and take a broader view of what development is about, argues noted economist Jean Dreze.

 
         Sebi revamps panel on alternative investment    
 
New Delhi: Markets regulator Sebi has reorganised the committee that advises it on matters pertaining to further development of the alternative investment and startup ecosystem in the country.

 
         Sebi exempts family trust related to Batliboi from making open offer    
 
 
New Delhi: Market regulator Sebi today exempted a private family trust related to the promoter group of Batliboi Ltd from the obligation of making an open offer following its proposed acquisition of additional 49.55 per cent stake in the firm.

 
         Rupee crumbles to all-time closing low of 68.95 a dollar    
 
 
Mumbai: The Indian rupee tumbled for the second straight session to hit a fresh closing low of 68.95, sliding by 21 paise following a panic demand for the US dollar coupled with savage capital flight worries.

 
         Gold futures rise 0.19% on positive global cues    
 
 
New Delhi: Gold prices rose by 0.19 per cent to Rs 30,550 per 10 grams in futures trade today as speculators enlarged their positions, tracking a firming trend overseas.

 
 
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