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INDIAN (B)

INDIAN (B)

GDP growth rate for 2017-18 revised upwards to 7.2%

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“Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17,” the CSO said. Earlier, the CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.



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INDIAN (B)

'Data not finalised': Niti Aayog clarifies on jobs report

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Earlier in the day, a war of words erupted between the Congress and the Bharatiya Janata Party (BJP) over the leaked job creation report card. In a scathing attack on the Narendra Modi-led government, Congress president Rahul Gandhi said that the data revealed a “National Disaster”. In reaction, the BJP quickly responded and termed it as “#FakeNews!”



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INDIAN (B)

Bharti Airtel posts 72% drop in third-quarter profit

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Net profit for the three months through Dec 31 was Rs 86.2 crore ($12.13 million) compared with a profit of Rs 306 cr in the year-earlier quarter. The company reported a one-off gain of Rs 1,414 cr during the quarter. That compared with analyst estimates of a loss of Rs 686 cr, according to Refinitiv Eikon data. Revenue rose about 1%.



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INDIAN (B)

Sensex zooms 665 points; Nifty ends above 10,800

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On the BSE index, Axis Bank, Tata Motors, Infosys, Reliance Industries, Kotak Mahindra Bank and Bajaj Auto tracked major gains with their stocks surging as much as much as 4.64 per cent. On NSE, except for Nifty Media, all other sub-indices finished in green with Nifty Bank leading the pack by rising 1.75 per cent.



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INDIAN (B)

India's unemployment rate hit 45-year high in 2017-18: Report

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The assessment by the National Sample Survey Office (NSSO) conducted between July 2017-June 2018, showed the unemployment rate stood at 6.1 per cent, the highest since 1972-73, the newspaper reported. The survey has become a political issue after the acting chairman and another member of the body that reviewed the job data resigned saying there was a delay in its release.



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INDIAN (B)

Coal India may go for 1% buyback

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CIL had gone for a major buyback in 2017, when the government garnered about Rs 2,638 crore from it. CIL had bought back 7.8 crore shares from the government out of the total offer of 10.9 crore equity shares for Rs 335 each. Currently, the promoter, the government owns 72.91% of CIL



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