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On the back of the reports that India plans to allow around 10 million tons of wheat for exports to accommodate the present paddy harvest, the commodity futures in India's National Commodity and Derivatives Exchange (NCDEX) surges higher.
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India s cotton farmers increased the crop acreage in a view to benefit out of higher floor prices that the government fixed to support the cotton farmers.
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Jan du Plessis has taken charge as the Chairman of the boards of Rio Tinto with effect from Monday
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Price firmness continued to be manifest in bullion as the New York session got underway this morning. Overnight mild selling overseas brought gold to lows near $968 per ounce. However persistent dollar weakness rekindled fund buying and values returned to above $980 as Tuesday dawned.
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In an attempt to curb any further rise in sugar prices the government on Friday extended ban on hoarding of sugar.
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Over the past few days the talk on the Street has been revolving around the direction of the U.S. dollar and how it has been influencing the overall markets and exchange traded funds (ETFs). Could a weak dollar be something we actually need?
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A Consortium of 21 Lenders led by the State Bank of India committed a Rupee Term Loan of Rs 14900 crores to Indian Oil Corporation Ltd (IOCL) for its 15 MMTPA Grassroots Refinery Project being implemented at Paradip Orissa.
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Aaron Regent CEO of Barrick Gold said the gold industry needs to replace almost 100 million ounces of reserves per year and clearly this has not been happening.
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Perhaps the verdict of the electorate in favour of Congress signifies that There is No Alternative (TINA) to Congress at this critical juncture when the nation is fighting hard to overcome the global financial crisis and threats from terrorism and growing instability emerging in South Asia.
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India has managed to record 6.7% growth in 2008 09 the most encouraging news coming from core infrastructure growth which doubled to 4.3% as against 2.3% last year when it was boom time direct taxes have risen 16.88% services sector grew 13%.
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