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Equity markets trade lower in early dragged by pharma stocks, relentless foreign fund outflows

Mumbai, Sep 26 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Friday dragged by pharma stocks and relentless foreign fund outflows. US H-1B visa fee concerns and a weak trend in global markets also added to the bearish trend in domestic equities. “Investor attention will squarely be on the domestic pharma sector after the Trump Administration announced a 100 per cent tariff on imports of branded or patented pharmaceutical products effective October 1. This tariff action comes close on the heels of the steep hike in US H-1B visa fees, which has already triggered heavy selling

Rupee recovers from all-time low, rises 6 paise to 88.70 against US dollar in early trade

MUMBAI, Sep 26 (PTI) The rupee rebounded from its all-time low, rising 6 paise to 88.70 against the US dollar in early trade on Friday amid a weaker greenback and hopes of an India-US trade deal breakthrough. However, FII outflows, coupled with a rise in international crude oil prices limited gains for the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 88.72 before rising to 88.70, higher by 6 paise from its previous close. The rupee had slipped 1 paisa to close at a fresh lifetime low of 88.76 against the American currency

Congress leader Rahul Gandhi spotted at pizza restaurant in Gurugram

Gurugram, Sep 25 (PTI) Leader of Opposition in Lok Sabha and senior Congress leader Rahul Gandhi was spotted at a pizza restaurant in Gurugram’s Galleria Market on Tuesday night. According to a Congress leader, this was a surprise visit, and only a few party leaders were aware of it. Haryana Congress spokesperson Manish Khatana said Rahul spent about 45 minutes in the restaurant and interacted with staff, too, during the visit. He later left for Delhi. Rahul, as per Khatana, said not only Gurugram, but the whole Haryana state is lagging behind in terms of development due to the BJP’s

Government got excited about gag order over Adani contents: Newslaundry to Delhi High Court

New Delhi, Sep 25 (PTI) No one wants to live in a democracy where there is a threat that an order will be interpreted here and there, digital news platform Newslaundry argued in the Delhi High Court on Thursday, claiming the government “got excited” about the order asking it to take down content on Adani Enterprises. The submissions were made before Justice Sachin Datta during the hearing of pleas of Newslaundry and senior journalist Ravish Kumar challenging the Centre’s purported direction asking digital news publishers to take down multiple reports and videos concerning Adani Group of Companies. Adani Enterprises, in

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