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Bond yields to stabilise soon:Subhash Chandra

The recent spike in government bond yields is not driven by fundamentals and will soon come back to normalcy, economic affairs secretary Subhash Chandra Garg today here said.Bond yields have been elevated in the past few months due to higher…

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India must bet big on logistics

India?s logistics sector is coming of age. With its new found infrastructure status and the GST giving tailwinds, it is all set for transformation. In addition, there is a lot happening in favour of this sector, which has resulted in…

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Forex reserves fall by $3.03 bn to $410.070 billion

India?s foreign exchange reserves fell by $3.03 billion to $410.070 billion as on June 15, data from the Reserve Bank of India (RBI) show. Foreign currency assets, which form a key component of reserves, fell by $3.05 billion from the…

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UltraTech Cement estimates capex of Rs 2,500 cr for FY19

UltraTech Cement, part of the Aditya Birla Group, has estimated a capital expenditure of about Rs 2,500 crore for the financial year 2018-2019. This is for capacity expansion projects, waste heat recovery systems, regulatory requirements, plant infrastructure and routine maintenance,…

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