Govt’s Rs 150-cr relief won’t take edge off onion farmers’ woes in Maharashtra, says APMC chief – The Financial Express

According to marketing department’s principal secretary, Anoop Kumar, the cabinet approved an ex-gratia payment of Rs 200 per quintal rate for onion sold between November 1 and December 15.Govt’s Rs 150-cr relief won’t take edge off onion farmers’ woes in MaharashtraFarmers in Maharashtra are staring at stocks of unsold summer onions at the fag end of their shelf lives. Although, the Maharashtra cabinet has approved Rs 150 crore as relief to onion farmers who had to sell their produce at low pri...
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Market jitters: Sensex sheds 572 points; rupee loses 44 paise – The Financial Express

Technology stocks pulled down Asian indices after the global chief financial officer of Chinese technology giant Huawei, Meng Wanzhou, was arrested in Canada for alleged violations of US sanctions.As of Thursday’s close, the market capitalisation of BSE listed companies stood at Rs 139.88 lakh crore.Sensex hit a two-week low on Thursday as global sell-off and concerns of outcome of the state elections weighed on the investor sentiment.While the Sensex shed 572.28 points or 1.6% to close the sess...
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HCL Tech shares down 4% on acquisition of select IBM products for $1.8 billion – The Financial Express

Shares of HCL Technologies traded down nearly 4 percent Friday on its decision to acquire IBM products. Shares of HCL Technologies traded down nearly 4 percent Friday on its decision to acquire IBM products.Shares of HCL Technologies traded down nearly 4 percent Friday on its decision to acquire IBM products. The IT major today announced that it will acquire select IBM software products for $1.8 billion (over Rs 12,700 crore) in an all-cash deal. The transaction, subject to completion of applica...
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New credit delivery rules may account for 51% of FY20 refinancing requirement – The Financial Express

Increases in commodity prices and interest rates, coupled with a weaker nominal exchange rate, could weigh on the debt protection metrics of stressed corporates.Increases in commodity prices and interest rates, coupled with a weaker nominal exchange rate, could weigh on the debt protection metrics of stressed corporates.The Reserve Bank of India’s (RBI) new guidelines for delivery of credit to corporates may account for 51% of the FY20 refinancing requirement — Rs 4 lakh crore — of the top 500 c...
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