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Sensex breaches 18,000-level after 30 months; gains 136 pts

MUMBAI: The BSE Sensex on Thursday surged 136 points to breach the psychological 18,000 points level for the first time in two-and-a-half years on the back of good first quarter numbers and easing food inflation, amid positive European cues.

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Sesa Goa boasts strong balance sheet of Rs 8,054 cr

PANAJI: Strong contribution by Dempo mining acquired in 2009 has led to an impressive increase in Sesa Goa’s revenues as well as profit growth for the first quarter ended June 30. Consolidated revenues and profit after tax were Rs 2,413.08 crore and Rs 1,304.50 crore respectively for Q1.

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PM to be briefed on economy on Friday

NEW DELHI: The Prime Minister, Dr Manmohan Singh will be briefed on the state of the economy and the growth outlook by his economic advisory council on Friday.

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Govt proposes 20% GST on goods, 16% on services

NEW DELHI: The Union Finance Minister, Mr Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax -- which will simplify the indirect tax regime -- under which goods will attract 20 per cent levy, services 16 per cent and essential items a concessional 12 per cent.

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Demonstration of mechanised paddy transplanter held

PANAJI: Demonstration of working of mechanical paddy transplanter was organised at Chorao, Tiswadi recently. The programme attended by farmers was inaugurated by the state Director of Agriculture, Mr S S P Tendulkar.

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Prices of pulses to stay high: govt

NEW DELHI: The prices of pulses will remain higher given their huge demand and limited supply, but headline inflation would ease to 5-6 per cent by December, the government said on Tuesday.

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Munjals realign stake in Hero Honda

MUMBAI: Hero Honda - a joint venture between the Munjals and Japan’s Honda Motor Company – on Tuesday announced realignment in the ownership of stake of its Indian promoters’ holding in the country’s largest two-wheeler maker.

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IMF challenges Asia to change its economic habits

By Alan Wheatley | Reuters

BEIJING: That warm glow and soft purring emanating from South Korea was the International Monetary Fund trying, yet again, to put the Asian financial crisis behind it.

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FM sticks to 8.5% growth despite higher IMF forecast

NEW DELHI: The Union Finance Minister, Mr Pranab Mukherjee on Monday said he will not be swayed by the IMF’s higher growth projection of 9.5 per cent but will stick to his conservative outlook of about 8.5 per cent plus economic expansion for the current fiscal.

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India ups 2009-10 grain output estimate

NEW DELHI: The Union government on Monday revised upward its foodgrain production estimates at 218.20 million tonnes in the 2009-10 crop year, even as it sees lower output of rice, wheat and pulses.

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