Wednesday, Jul 18 2018 | Time 23:55 Hrs(IST)
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  • 22-yr-old Muslim woman in Gujarat files police case against husband for giving triple talaq
  • Security cover Sanjiv Bhatt withdrawn, MoS home says decision taken by committee
  • Two die in road accident in Chitrakoot
  • Talathi in Nanded trapped in ACB net
  • Armed dacoits gang loot valuables worth Rs 8 50 lakh from house in Palghar
  • Mumbai Police constable murdered in Sangli bar
  • Raj Thackeray arrives in Aurangabad on 6-day tour of Marathwada
  • Ishrat Jahan Encounter: CBI court completes hearing on Vanzara, Amin's discharge plea
  • US Senate Democrats warn of 'gigantic loopholes' in Trump tax cuts
  • Nineteen dead as migrant boat sinks off northern Cyprus- coast guard
  • Prepare time-bound plan to solve issue of garbage in Aurangabad, Mah CM to officials
  • Class 8th student sent to juvenile home for 'mixing' poison in mid-day meal
  • All-party delegation led by Pinarayi to meet Modi
  • 15th Finance Commission team visits IT Sector, Eco Park & Madhyamgram Municipality
  • Sonia, Rahul write to ANC to pay tribute to Nelson Mandela on his birth centenary
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Crude oil price of Indian basket crosses $62 40 per bbl

New Delhi, Nov 10 (UNI) The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has crosses the 62.40 dollar per barrel (bbl) mark on Thursday.
Though, it was lower than the price of US$ 62.42 per bbl on November 8. 2017, it is expected that it may rise by 10 dollar in coming days which may hurt the Indian economy as government will be forced to cut the duty on petroleum products resulting in loss of revenue for the government.
According to the Reserve Bank of India (RBI) estimates, if oil price hits high or even stays at the current level of 65 dollar per barrel in the year through March, inflation could rise by 30 basis points.
Oil prices rose nearly 1 per cent on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.
As per the analysts the sharp rise in the crude oil prices is driven by developments in Saudi Arabia in recent days and anticipation that the consolidation of power by King Salman and the Crown Price will continue.
Along with the political turmoil, Saudi Arabia has plans to cut crude exports by 120,000 barrels per day which is pushing the prices for huge importers like India.
The continued rally in the prices may hurt the Modi government as it will be forced to slash the duty imposed on the petroleum product earning good revenue to the exchequer which may disrupt the government plans and project.
The crude prices were high at 114 dollar per barrel when the Modi government took over in May 2014 and since then the prices fell to a lower band of 40 dollar per dollar. At one point it had even went down to 30 dollar per barrel. The prices remained below 50 dollar till September and now it has crossed the 60 dollar barrier.
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Zoho to support incubated startups in T-hub in Telangana

18 Jul 2018 | 11:08 PM

Hyderabad, July 18 (UNI) Zoho, one of India’s leading Operating Systems for Businesses, on Wednesday announced its partnership with T-Hub, a global startup catalyst that powers entrepreneurship and deal flow.

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LOTS Wholesale Solutions unveils first India store in Delhi

LOTS Wholesale Solutions unveils first India store in Delhi

18 Jul 2018 | 9:57 PM

New Delhi, July 18 (UNI) LOTS Wholesale Solutions, a part of the US$ 50 billion Charoen Pokphand Group (CP Group) and a wholly owned subsidiary of Siam Makro Public Company Limited (Siam Makro) from Thailand, on Wednesday unveiled its first wholesale distribution centre in India at Netaji Subhash Place, here
Inaugurated by Minister of Food Processing Industries Harsimrat Kaur Badal, this is the first of the fifteen distribution centres LOTS Wholesale Solutions is aiming to open in India over the next three years.

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Bharathi cement launches new product " Bharati Ultra fast"

18 Jul 2018 | 8:30 PM

Hyderabad, Jul 18 (UNI) France-based Vicat Group, which acquired 51 per cent stake in Hyderabad based Bharathi Cement Corporation Pvt Ltd, on Wednesday announced the launch of its new product " Bharathi Ultrafast", a multipurpose green cement.

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AEL all set to commission new backward integration project from Aug

AEL all set to commission new backward integration project from Aug

18 Jul 2018 | 7:56 PM

Hyderabad, Jul 18 (UNI) Hyderabad-based Aparna Enterprises Limited (AEL), a leader in Manufacturing building materials and a part Rs 1700 crore turnover of real estate company Aparna Group is all set to commission a new backward integration project related to Aluminium windows and doors.

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IndiGo tops the on-time performance chart again: Report

18 Jul 2018 | 7:32 PM

New Delhi, July 18 (UNI) Operating over 1000 daily flights across the 6E network, IndiGo has again recorded the best On Time performance of 84.

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