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Markets continue to drop as a result of weak global trends and rising crude oil prices.

Markets drop for the second day in a row due to negative global trends

On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows. Disappointing earnings from IT services company Wipro also dragged the benchmarks lower. The Sensex dropped 490.44 points to 65,386.58. The Nifty dropped 137.5 points to 19,533.60. Among the Sensex [...]
Nepal government to address the issue facing the Arun III hydropower project

Nepal government to address the issue facing the Arun III hydropower project

A high-level meeting headed by Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' has recommended that issues related to the entry route of the 900 MW Arun III Hydropower Project, the country's biggest, being constructed by an Indian company should be addressed to ensure its timely completion. SJVN Arun-III Power Development Company (SAPDC), a wholly-owned subsidiary [...]
India allows exports of more than 10 lakh tonnes of non-basmati white rice to seven countries

India allows exports of more than 10 lakh tonnes of non-basmati white rice to seven countries

The government on Wednesday said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The Directorate General of Foreign Trade (DGFT) said in a notification that the export is permitted through National Cooperative Exports Limited (NCEL). To boost domestic supply, though exports of non-basmati white [...]
Markets fall in early trade as a result of sluggish global trends and a jump in Brent crude oil prices

Markets fall in early trade as a result of sluggish global trends and a jump in Brent crude oil prices

On Wednesday equity benchmark indices declined in early trade amid sluggish global market trends and spike in Brent crude oil prices. The 30-share BSE Sensex declined 161.41 points to 66,266.68. The Nifty dropped 36.7 points to 19,774.80. Among the Sensex firms, Bajaj Finance, Power Grid, Bajaj Finserv, ICICI Bank, HDFC Bank, NTPC and Larsen & [...]