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Key Indian equity market indices opened lower in Mumbai

Taking a cue from global markets, the key Indian equity market indices on Thursday opened lower after the fiscal deficit data reached at 113.7 per cent of the full year’s target.The market, however, started cheering as the GDP and Eight Core Industries (ECI) data showed signs of economic recovery.The Sensitive Index (Sensex) of the BSE,

Modi backs 4 percent inflation target

New Delhi: Prime Minister Narendra Modi on Monday strongly favoured the government’s 4 percent inflation target with a plus-minus range of two percentage points for the next five years till 2021. This was done earlier this month under the monetary policy framework agreement with the Reserve Bank of India to ensure macro-economic stability. “Under the previous

ATF prices go up 5.5%, LPG cheaper by Rs 11

New Delhi: Aviation turbine fuel (ATF) pricewas today hiked by 5.5 per cent for the fifth month in a row, but that of non-subsidised cooking gas (LPG) was cut by Rs 11 per cylinder, in line with global trends. ATF, or jet fuel price, in Delhi was increased by Rs 2,557.7 per kilolitre (kl), or