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India
Agriculture has to grow fastest to eradicate poverty, Arun Jaitley says
Finance minister Arun Jaitley laid bare the priority of the government, saying agriculture will have to grow "fastest" for the country to get rid of poverty and push the overall GDP expansion. With two successive bad monsoons, Jaitley said a poor rainfall this year will put the "system to test".
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India
US dollar ends higher against rupee
The US dollar ended higher against the rupee at 66.71/72 per dollar but the pound sterling turned lower at Rs 95.28/30 per pound at the close of the Interbank Foreign Exchange market on Tuesday. Unit Interbank RBI reference US Dollar 66.71/72 Pound Sterling 95.28/30 Euro Rs 74.8987.
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India
Sensex climbs for 3rd day, Brussels attacks keep lid on gains
The benchmark Sensex on Tuesday closed in the positive territory for the third straight day, but the day's gain was limited to just 45 points after deadly terror attacks in Brussels sent markets globally into a tailspin. The closing was a fresh 11-week high of 25,330.
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India
Edelweiss to acquire JP Morgan’s MF business in India
Edelweiss Asset Management (EAML) has announced that it has executed an agreement to acquire the onshore fund schemes managed by JP Morgan Asset Management India (JPMAM), including its India-based onshore mutual fund (MF) business and the international fund of funds for an undisclosed sum.
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India
Indian oil imports to drop 10% over next 6 years: Oil Minister
Import dependence has, however, risen since then to 78.5% in 2014-15 when India imported 189.4 million tonnes of crude oil for $112.7 billion
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India
Current account deficit to be closer to 1.3% of GDP: India Ratings
CAD, difference between inflow and outflow of foreign exchange, came in at 1.3% in 2014-15, 1.7% in 2013-14 and a record high of 4.8% of GDP in 2012-13
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Indonesia Singapore Filippine
ASEAN economies to see diverging growth outlooks: Moody's
Moody's forecasts that G20 GDP would grow at 2.6% in 2016
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India
BigBasket closes $150m fund-raise
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India
Edelweiss acquires JP Morgan's India MF biz
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India
Ex-Flipkart execs will start health venture