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JD(U), LJP leaders join RJD as Bihar election heats up

Patna, Oct 10 (PTI) Former JD(U) lawmakers Santosh Kushwaha and Rahul Sharma on Friday joined the opposition RJD ahead of next month’s Bihar assembly elections. JD(U)’s Banka MP Girdhari Prasad Yadav’s son Chanaykya Prasad Ranjan and Lok Janshakti Party leader Ajay Kushwaha also joined the RJD in the presence of party leader Tejashwi Yadav. Welcoming the new entrants, Yadav said, “The RJD family welcomes Santosh Kushwaha, Rahul Sharma, Ajay Kushwaha and Chanaykya Prasad Ranjan. The party will be strengthened after their joining.” He alleged that people were disillusioned with the ruling NDA in Bihar. “The CM is not in his

Unions oppose govt move to open top bank positions to pvt sector, demand reversal of policy

New Delhi, Oct 10 (PTI) United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions, on Friday registered a strong protest against the government decision to open top positions in PSU banks to candidates from the private sector. Terming the move as an attack on the public character of national institutions and amounting to a de facto privatisation of the leadership of these institutions. The changes in guidelines issued without any amendment to the enabling statutes – namely the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 & 1980, and

Rupee rises 10 paise to close at 88.69 against US dollar

Mumbai, Oct 10 (PTI) The rupee appreciated 10 paise to close at 88.69 (provisional) against the US dollar on Friday, on strength in the domestic markets and broad weakness in crude oil prices. Forex traders said the rupee gained on strong domestic markets and overnight decline in commodity prices. Intervention by the central bank also supported the domestic currency. However, a strong US dollar capped sharp gains, they added. At the interbank foreign exchange, the rupee opened at 88.80 and traded in the range of 88.50-88.80 before settling at 88.69 (provisional), 10 paise higher than its previous close. On Thursday,

Sensex rises 329 pts, Nifty ends at 25,885 on rally in pharma, banking shares

Mumbai, Oct 10 (PTI) Rising for the second consecutive day, benchmark Sensex rose by nearly 329 points on Friday following strong gains in pharmaceutical and banking shares and foreign fund inflows. The 30-share BSE Sensex jumped 328.72 points or 0.40 per cent to close at 82,500.82 with 22 of its constituents closing higher and eight with losses. In day trade, the index jumped by 482.01 points or 0.58 per cent to hit an intraday high of 82,654.11. The 50-share NSE Nifty advanced by 103.55 points or 0.41 per cent to settle at 25,285.35. In the intraday session, it rose 148.95

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