Tuesday, Mar 28 2017 | Time 07:54 Hrs(IST)
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  • TV PROGRAMME DD SPORTS
  • TV PROGRAMME DD NATIONAL
  • Trump son-in-law met executives of sanctioned Russian bank; will testify
  • Weaker dollar lifts oil futures, but soaring US output weighs
  • Australia shares bounces back as investors shift focus back home; NZ slips
  • Australia cancels vote on extradition treaty with China
  • Venezuela to create new exchange rate mechanism - President Maduro
  • China's Liaoning pledges 10 mln T low-grade steel closures by June
  • NZ extend lead after Williamson dismissed in third test
  • House Democratic leader Pelosi says intel panel chief should recuse himself
  • Dollar limps away from multi-month lows, still seen vulnerable
  • China can deploy warplanes on artificial islands any time -think tank
  • Senegal-Ivory Coast friendly abandoned after pitch invasion
  • US government watchdog to review Mar-a-Lago trips, Trump hotel profits
  • Montenegro NATO accession clears hurdle in US Senate
World Share

Nikkei falls to 1-1/2-week low as financials weaken; Softbank down

TOKYO, March 21 (Reuters) Japan's Nikkei share average fell to a 1-1/2-week low on Tuesday morning as financial stocks were battered after U.S. yields fell, while index-heavyweight SoftBank tumbled and weighed on the index.
The Nikkei dropped 0.5 percent to 19,432.71 in midmorning trade after a public holiday on Monday. Earlier, it hit as low as 19,337.22, the lowest level since March 9.
Financial stocks lost ground after U.S. yields rose as Chicago Federal Reserve President Charles Evans reinforced the perception that the U.S. central bank won't accelerate the pace of its interest rate hikes.
Evans' public comments were among the first since the U.S. central bank lifted its policy rate a notch last week, as expected.
"Participants in the Japanese market have become cautious again and their wait-and-see stances will likely last until the next U.S. rate hike," said Kazuhiro Takahashi, an equity strategist at Daiwa Securities.
That said, he also said that markets may find short-term catalysts from Japan Inc.'s earnings forecasts for the next fiscal year, which will be out in early May when companies report their full-year earnings for the year ended March 2017.
SoftBank Group Corp dropped 2.2 percent and contributed a hefty negative 21 points to the Nikkei index after the Wall Street Journal reported that the company scrapped a planned $100 million investment in a smartphone startup founded by the creator of Google's Android software, citing people familiar with the matter.
"SoftBank's aggressive investment stance in the U.S. has nothing to do with its earnings growth or stock fundamentals, but it affects sentiment," said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management. "Since SoftBank is one of the 'Trump beneficiary stocks' which had risen earlier, people seem to be taking profits on this report."
Led by founder Masayashi Son, SoftBank has made a string of surprising acquisitions and investments over the past months, which include an all-cash deal to buy asset manager Fortress Investment Group.
Son also promised a $50 billion investment and 50,000 new jobs in the United States after meeting U.S. President Donald Trump in early December. SoftBank shares have jumped 36 percent since Trump won the U.S. presidential election in November.
Insurers Dai-ichi Life Holdings stumbled 1.9 percent and Sompo Holdings fell 1.4 percent. Mitsubishi UFJ Financial Group slipped 1.8 percent.
Exporters were mixed, trimming earlier declines after the dollar rose against the yen during Asian trade. Toyota Motor Corp was down 0.1 percent, Nissan Motor Co gained 0.5 percent and Panasonic Corp shed 0.3 percent.
The broader Topix dropped 0.2 percent to 1,563.28 and the JPX-Nikkei Index 400 shed 0.2 percent to 13,986.79.
REUTERS RSD 0821
Top News
PM Modi likely to host dinner for NDA allies, others to discuss candidates for Prez polls

PM Modi likely to host dinner for NDA allies, others to discuss candidates for Prez polls

New Delhi, Mar 27 (UNI) Prime Minister Narendra Modi is likely to resort to 'dinner diplomacy' with key leaders of NDA constituent parties especially Shiv Sena chief Uddhav Thackeray on May 29 to build up a consensus for the ensuing Presidential elections.

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27 Mar 2017 | 8:56 PM
Parliament passes Mental Healthcare Bill; attempt to suicide to be no more punishable under IPC

Parliament passes Mental Healthcare Bill; attempt to suicide to be no more punishable under IPC

New Delhi, March 27 (UNI) Attempt to suicide will no more be punishable under the Indian Penal Code (IPC) with the Mental Healthcare Bill, 2016 today getting the Parliament nod.

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27 Mar 2017 | 6:40 PM
New Central Goods and Services Tax Bill seeks to broaden tax base: Govt

New Central Goods and Services Tax Bill seeks to broaden tax base: Govt

New Delhi, Mar 27 (UNI) The Central Goods and Services Tax Bill, 2017 moved in the Lok Sabha today among other things provides for measures to "levy tax" on all intra-state supplies for goods or services except supply of alcoholic liquor and also broad base the input tax credit.

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27 Mar 2017 | 3:20 PM
Prabhu stresses on complete digitalisation of Railways

Prabhu stresses on complete digitalisation of Railways

New Delhi, Mar 27 (UNI) Railway Minster Suresh Prabhu today stressed on complete digitalisation of Indian Railways and said that there was a need for a holistic approach for digitalisation of the national transport in partnership with IT industry so that Railways and vendors can benefit mutually.

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27 Mar 2017 | 8:37 PM
Cong alleges Rs 20000 cr  scam in purchase of LED bulbs, demands high level probe

Cong alleges Rs 20000 cr scam in purchase of LED bulbs, demands high level probe

New Delhi, Mar 27 (UNI) Accusing the NDA Government at the Centre of lack of transparency in the tendering and procurement process in purchase of LED bulbs, street lights, pumps and fans to promote energy efficiency , the Congress today alleged a scam of Rs 20000 cr in the purchase and demanded an impartial inquiry under the supervision of a retired Supreme Court judge into it.

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27 Mar 2017 | 9:50 PM
December 16 gangrape: Apex Court reserves order

December 16 gangrape: Apex Court reserves order

New Delhi, Mar 27 (UNI) The Supreme Court today reserved judgement on appeals against capital punishment filed by the four convicts in the brutal December 16 gangrape case, that had sent ripples of shock across the nation.

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27 Mar 2017 | 4:43 PM
Kenyan forces kill 31 al Shabaab militants in Somalia-statement

Kenyan forces kill 31 al Shabaab militants in Somalia-statement

NAIROBI, Mar 27 (Reuters) Kenyan troops in Somalia killed 31 Islamist al Shabaab militants in a raid on two of their bases in the southern Somali region of Jubbaland, the Kenyan military said today.

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27 Mar 2017 | 4:35 PM

TV PROGRAMME DD SPORTS

28 Mar 2017 | 7:43 AM

DD SPORTS 12:00AM Sports Hour 01:00AM 56th National Inter State Athletics Championship 2016 02:30AM 35th National Games 04:00AM ITF Future Tennis Tournament 05:00AM 57th Subroto Cup 06:00AM 2nd All India Intermediate Badminton Tournament 2015 07:00AM Sports Hour 08:00AM 13th Air Force Civilians 09:00AM Sports Cafe 09:30AM Women Hockey World League 11:00AM Sports Hour 12:00PM Masters Polo Championship 12:30PM Sports Cafe 01:00PM 35th National Games 02:30PM Khel Samachar 03:00PM 57th Subroto Cup 04:00PM 56th National Inter State Athletics Championship 2016 06:00PM 2nd All India Intermediate Badminton Tournament 2015 07:00PM Women Hockey World League 08:00PM Khelo India National Volleyball Championship 09:00PM Sports Hour 10:00PM 57th Subroto Cup 11:00PM 12th South Asian Games 2016 --------- UNI AKC PM0743.

Trump son-in-law met executives of sanctioned Russian bank; will testify

28 Mar 2017 | 7:14 AM

By Elena Fabrichnaya, Steve Holland and Patricia Zengerle MOSCOW/WASHINGTON, Mar 28 (Reuters) A Russian bank under Western economic sanctions over Russia's incursion into Ukraine disclosed that its executives had met Jared Kushner, President Donald Trump's son-in-law and a top White House adviser, during the 2016 election campaign.

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