Business

Australian PM defends $40 bn submarine contract

Fri, 04/29/2016 - 07:46

Canberra, April 29 (IANS) Australian Prime Minister Malcolm Turnbull on Friday defended his government's decision to spend $40 billion on the nation's 12 next-generation naval submarines.

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Canadian stocks slightly lower despite oil rally

Fri, 04/29/2016 - 07:22

Toronto, April 29 (IANS) Canada's main stock market in Toronto inched down closing as financial and energy stocks declined, while Bombardier shares rose after the company won a multi-billion-dollar order for its CSeries passenger jets.

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US dollar falls against major currencies

Fri, 04/29/2016 - 06:30

New York, April 29 (IANS) The US dollar fell against other major currencies as investors were surprised by the Bank of Japan's (BOJ) decision to maintain its monetary policy.

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Oil prices rise on weak US dollar

Fri, 04/29/2016 - 04:42

New York, April 29 (IANS) Oil prices continued to rally as the US dollar depreciated against other currencies, making the dollar-priced crude less expensive and more attractive for buyers holding other currencies.

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French protests against proposed labour reforms turn violent

Fri, 04/29/2016 - 03:30

Paris, April 29 (IANS) Violent clashes between riot police and demonstrators erupted during protest marches against proposed labour reforms across France with scores of youth arrested and several policemen injured.

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Spanish stock market falls

Fri, 04/29/2016 - 02:18

Madrid, April 29 (IANS) The Spanish stock market index Ibex-35 fell 0.68 percent to close at 9,269 points, down from the 9,332.60 points of the previous session.

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US stocks trade mixed

Fri, 04/29/2016 - 00:24

New York, April 29 (IANS) US stocks pared early losses to trade mixed as investors assessed the Bank of Japan's (BOJ) decision to maintain its monetary policy amid US economic data.

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Vedanta Q4 standalone net up 576.61 percent

Thu, 04/28/2016 - 23:42

Mumbai, April 28 (IANS) Diversified natural resources company Vedanta Limited on Thursday said it posted a whopping 576.61 percent in its standalone net profit for the quarter ending March, at Rs.3,882.37 crore against Rs.573.79 crore in the corresponding quarter of 2014-15.

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Odisha clears 55 industry proposals through single window authority

Thu, 04/28/2016 - 22:40

Bhubaneswar, April 28 (IANS) The Odisha government on Thursday said it has cleared investment proposals worth Rs.50,605.52 crore through the State Level Single Window Clearance Authority (SLSWCA) to set up 55 industries in the last three years.

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Idea Cellular posts 24.67 percent fall in net profit

Thu, 04/28/2016 - 22:34

New Delhi, April 28 (IANS) India's third largest mobile phone operator (by subscriber base), Idea Cellular, on Thursday posted a 24.67 percent quarter-on-quarter decline in net profit at 575.6 crore for the quarter ended March.

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Ambuja Cement net profit down 4.4 percent

Thu, 04/28/2016 - 22:18

Mumbai, April 28 (IANS) Cement maker Ambuja Cement, which follows the calendar year in financial accounting, on Thursday said it registered a decline of 4.4 percent in its consolidated net profit during the quarter ended March, at Rs.304 crore from Rs.318 crore in the same period last year.

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