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August 31, Monday 2015 6:41 PM       
       HEADLINES: Political violence continues in Kannur, CPM activist held with bombs                                              Muthoot murder case verdict tomorrow                                              Cop found dead under mysterious circumstances                                              Van driver dies in accident                                              Vellappally comes down heavily at VS                                              Amitabh Bachchan's Twitter account hacked                                              SC refuses to allow Pramod Mutalik to enter Goa                                              PM releases digital version of Ramcharitmanas                                              Kalburgi's murder: CID probe ordered by Karnataka govt                                              No dialogue with India unless all issues on agenda: Pak                                              Xi looking more vulnerable than ever ahead of US visit: report                                              Iran sentences two people to jail for spying for US, Israel                                              We will make it count say Indian women hockey eves                                              Goa prepared to host National Games-2016: Bhakta                                              Rain interrupts play, India 21/3                                              Kaumudi Facebook
         We have not called an end to rate cuts: Rajan    
WASHINGTON: Hinting at the fourth interest rate cut this year, RBI Governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing economic growth. Rajan, who was participating in the elite Jackson Hole economic symposium of the Kansas City Federal Reserve, also said RBI has reached an agreement with the government on a new rate-setting panel, the Monetary Policy Committee, which would be announced soon.

         MMTC floats tender for import of 10,000 tonnes of onion    
NEW DELHI: State-owned MMTC has invited bids for import of 10,000 tonnes of onion from countries like Pakistan, Egypt, China and Afghanistan to boost domestic supply and check prices.

         India can replace China as driver of global growth: Jaitley    
NEW DELHI: Seeing an opportunity in the recent turmoil in global equity and currency markets, Finance Minister Arun Jaitley on Thursday said India, with 8-9 per cent growth rate, can replace China as the driver of world economy.

         Sensex surges 517 pts as Fed hints delaying rate hike    
MUMBAI: The benchmark BSE Sensex Thursday staged a strong comeback and jumped 517 points -- its biggest single- day jump in two weeks -- to reclaim the 26,000-mark on gains in healthcare and realty stocks after the US Fed said a case for rate hike in September was now "less compelling".

         RBI sets rupee reference rate at Rs 66.1610 against dollar    
MUMBAI: The Reserve Bank of India Wednesday fixed the reference rate of rupee at 66.1610 against the US dollar and 75.8867 for the euro as against 66.7090 and 77.1089 respectively, yesterday.

         Chinese shares crash for the 2nd day, central bank cuts rates    
BEIJING: Chinese stocks had another nightmarish day Tuesday amid continued slowdown in the world's second largest economy, prompting the central bank to cut the reserve requirement ratio and key interest rates to halt the slide that has devastated markets in India and other countries.

         Markets back on feet after huge fall, Sensex rebounds 291 pts    
MUMBAI: Markets made a solid comeback from one-year lows as the benchmark BSE Sensex rebounded 291 points after the government said it's considering reconvening a special session of Parliament for passage of the stalled GST Bill.

         Sensex crashes 1624-pts; erodes Rs 7 lakh crore wealth    
MUMBAI: In the worst-ever carnage in stock market, benchmark Sensex Monday crashed by 1,624.51 points and nearly Rs 7 lakh crore got wiped out from the investors' wealth as rout in Chinese stocks triggered a global sell-off.

         Sensex, Nifty tumble over 3 % as global equity rout deepens    
MUMBAI: In its biggest intra-day crash this year, stock market benchmark Sensex plunged by 1,006 points while Nifty fell below 8,000 level in early trade on Monday due to heavy selling by funds amid global sell-off as worries about China's economy deepen.

         5 mn jobs lost during high-growth years, says study    
NEW DELHI: As many as five million jobs were lost between 2004-05 and 2009-10 -- paradoxically during the time when India's economy grew at a fast clip -- an Assocham study said.

         8-10 pc growth rate achievable, says Jaitley    
KOLKATA: Amidst global slowdown, Finance Minister Arun Jaitley Sunday expressed confidence that 8-10 per cent growth rate is achievable on the back on increased investment and right mix of policies.

         Ability to withstand challenging global trends strong: Jaitley    
NEW DELHI: Finance Minister Arun Jaitley said most of the challenges faced by the Indian economy were created by external factors, even as he expressed confidence in the country’s strong fundamentals to withstand such transient global trends.

         Google to promote digital literacy in Haryana    
WASHINGTON: Search engine giant Google has entered into a memorandum of understanding with the government of Haryana to promote digital literacy in the state.

         Onion hits two-year high of Rs 4,900 per quintal at Lasalgaon    
NEW DELHI: Wholesale onion prices Thursday hit two year high of Rs 4,900 per quintal, after it shot up by Rs 400 at the country's largest bulb wholesale market in Lasalgaon, Nashik.

         Payments banks important step;to expand rural banking: Jaitley    
NEW DELHI: RBI granting payments bank licences is a significant step which will bring in more money into the system and spread the reach of banking to rural areas, Finance Minister Arun Jaitley said Wednesday.

         RBI grants in-principle nod for 11 payments banks    
MUMBAI: The Reserve Bank on Wednesday granted 'in-principle' approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks and proposed such licences 'on tap' in future.

         EPFO reviews online PF withdrawal plan after SC ruling    
NEW DELHI: Retirement fund body EPFO has decided to re-examine its plan to launch online PF withdrawal facility for its subscribers having Aadhaar enabled PF and bank accounts, in the backdrop of apex court ruling.

         Rajesh Exports bags Rs 1,170-cr order from UAE    
NEW DELHI: Rajesh Exports, the world's largest gold jewellery maker, today said the company has bagged an export order worth Rs 1,170 crore from an UAE-based company for gold and diamond-studded jewellery and medallions.

         Moody's lowers India growth forecast to 7% on monsoon concerns    
NEW DELHI: Rating agency Moody's Investors Service today lowered India's growth forecast to 7 per cent for 2015, from 7.5 per cent projected earlier, citing monsoon concerns and cautioned that further risks to growth stems from slow pace of reforms.

         Sensex rises 162 pts in early trade on capital inflows    
MUMBAI: The benchmark BSE Sensex gained over 162 points to trade above 28,000-mark in early trade today on sustained foreign capital inflows amidst a firming trend at other Asian markets.

         IndiGo firms up order for 250 Airbus planes    
NEW DELHI: In the largest aircraft acquisition, Indian carrier IndiGo today firmed up an order to purchase 250 narrow-body A320 Neo (new Engine Option) planes worth over USD 25.5 billion, as per list prices, with European manufacturer Airbus.

         Govt hikes tariff value on imported gold, silver    
NEW DELHI: The government today raised the import tariff value on gold to USD 363 per 10 grams and silver to USD 499 per kg, taking strong cues from the global market.

         Birla Corp in Rs.5,000 cr deal with Lafarge for cement units    
KOLKATA: The M.P. Birla Group on Monday said it was acquiring the cement business of Lafarge India for Rs.5,000 crore through a combination of internal accruals and fresh debt to add another 5.5 million tonnes in annual capacity.

         Wholesale inflation falls to historic low of (-)4.05%    
NEW DELHI: Deflationary trends continued for the ninth month in a row in July with wholesale inflation plunging to a historic low of (-)4.05 per cent on cheaper vegetable and fuel, which may prompt RBI to cut interest rate ahead of the September 29 policy meet.

         Sensex retakes 28,000, Nifty above 8,500 as WPI falls    
MUMBAI: The benchmark BSE Sensex reclaimed the 28,000-mark and the NSE Nifty was trading above 8,500 level at noon today on across-the-board gains after WPI inflation fell for July, raising hopes of a rate cut by the RBI amid a pause in rupee's fall. Wholesale price index-based inflation plunged to (-)4.05 per cent in July, from (-)2.40 per cent in June.

         RBI to transfer Rs.66,000 crore surplus to government    
MUMBAI: The Reserve Bank of India (RBI) has announced that it will transfer its surplus profit of Rs.65,896 crore to the central government. "The central board of directors of the Reserve Bank of India, at its meeting held today (Thursday), approved the transfer of surplus amounting to Rs.658.96 billion for the year ended June 30, 2015 to the Government of India," the RBI said in a statement, following a meeting of its central board chaired by governor Raghuram Rajan. India's central ban

         Nestle surges nearly 6% after HC sets aside ban order    
MUMBAI: Shares of Nestle India surged nearly 6 per cent today after the Bombay High Court quashed orders of food regulators banning Maggi noodles.

         Rupee tumbles 59 paise to near 2-year low of 64.78 against USD    
MUMBAI: Declining for the sixth consecutive session, the rupee tumbled by 59 paise to nearly 2-year low at 64.78 against the US dollar on sustained demand for the American currency from banks and importers on the back of firm greenback overseas following yuan devaluation.

         Gold regains Rs 26,000 mark, zooms Rs 600 per ten gram    
NEW DELHI: Gold prices soared by Rs 600, its biggest one-day surge this year, to trade at its highest level in more than three weeks at Rs 26,000 per ten grams today, tracking uptrend in the global bullion market and on a seasonal pick up in demand from jewellers and retailers.

         Uninor awards Rs 1,200-cr network contract to Huawei    
NEW DELHI: Uninor today awarded a Rs 1,200 crore contract to Chinese firm Huawei for modernising and managing its network in the country.

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