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THE TWO PEOPLE DROWNED WHILE CROSSING A TEMPORARY BRIDGE BUILT ON A DRAIN IN SOLANG, MANALI. The rescue operation began in Solang Nala in Himachal Pradesh’s Kullu on Tuesday after two people went missing in the flash floods caused due to heavy rain on Monday. Teams of the National Disaster Response Force (NDRF) and the police and fire brigade are deployed at the spot ...
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In early trade on Wednesday, the rupee fell 4 pence to 78.17 against the US dollar, after a flat domestic share market and a strong US currency. However, lower oil prices on the global market strengthened the local currency and limited its decline, according to FX brokers. The rupee began flat at 78.13 versus the US dollar on the interbank ...
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Oil prices fell almost 5% to a three-week low on Friday, prompting investors to fear that interest rate rises by major central banks would slow the global economy and reduce energy demand. Shares of energy companies fell up to 17% on the BSE in Monday's session. In intra-day trading on the BSE, Mangalore Refinery & Petrochemicals fell 17% to Rs ...
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On Thursday, a protest was staged in the Sri Lankan capital against the proposed windmill project in the northeastern district of Mannar, which is being developed by India's Adani business. The Gotagogama (President Gotabaya, go home) demonstrators congregated in the bustling Bambalapitiya district south of Colombo. They carried signs protesting the lack of transparency in the project's awarding to the ...
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The State Bank of India (SBI) has reshuffled its senior management and subsidiaries to improve efficiency, according to a media report published on Thursday. The portfolios of all four MDs have been reshuffled, according to the Indian Express story. SBI's fourth MD, Alok Kumar Choudhary, DMD (Finance), was inducted. According to the article, he is now in charge of Retail ...
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On Monday, oil prices fell more than $2 as a flare-up in COVID-19 cases in Beijing dampened prospects for a quick increase in China's fuel demand, while concerns about global inflation and economic development weighed on the market. Brent oil futures were down $2.06, or 1.7 percent, to $119.95 a barrel at 0033 GMT, while West Texas Intermediate crude was ...
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The rupee fell to a new all-time low against the US dollar on Wednesday, ending at 77.74, slightly lower than its previous close of 77.71. Despite continued foreign capital outflows and higher global crude oil prices, the local currency traded in a limited range. The previous low was set on May 19, when it closed at 77.73 against the dollar, ...
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The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously decided on Wednesday to raise the benchmark policy rate by 50 basis points, bringing the repo rate to 4.90 percent, following a surprise rate hike in an off-cycle meeting in May. As a result, the standing deposit facility (SDF) rate has been changed to 4.65 percent, ...
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The dollar extended its overnight run into Asian trading hours on Tuesday, reaching new two-decade highs against the yen as concerns over continuing inflation drove up US bond rates. The dollar gained ground against the euro, pound, and Swiss franc. It also rose against the Australian dollar, with the market divided on whether the country's central bank will raise Australia's ...
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External Affairs Minister S Jaishankar met with members of the Indian community here on Sunday and briefed them on recent events in India as well as the health of the bilateral relationship. Jaishankar is in town on the final phase of a two-nation journey to Slovakia and the Czech Republic, where he hopes to bolster ties between the two Central ...
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