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April 26: Gold, Silver prices fall

  • April 26: Gold, Silver prices fall

    April 26: Gold, Silver prices fall

  • <b>A labourer sifts wheat crop in a field on the outskirts of Ahmedabad</b></p><p>The government will decide next week whether to allow wheat exports, Food Minister KV Thomas said on Tuesday, as the world&#39;s second-biggest producer after China weighs prospects of a record harvest against stubbornly high food inflation.</p><p>Farm Minister Sharad Pawar has consistently said India should allow wheat exports, which would benefit producers as international prices are currently near two-year highs.</p><p>But Thomas has said he is against overseas sales, according to a PTI report.</p><p>"We are against wheat exports. We feel that if we open exports, domestic prices will be affected," Thomas said, according to the PTI report published in the Business Standard newspaper.

    A labourer sifts wheat crop in a field on the outskirts of Ahmedabad

    The government will decide next week whether to allow wheat exports, Food Minister KV Thomas said on Tuesday, as the world's second-biggest producer after China weighs prospects of a record harvest against stubbornly high food inflation.

    Farm Minister Sharad Pawar has consistently said India should allow wheat exports, which would benefit producers as international prices are currently near two-year highs.

    But Thomas has said he is against overseas sales, according to a PTI report.

    "We are against wheat exports. We feel that if we open exports, domestic prices will be affected," Thomas said, according to the PTI report published in the Business Standard newspaper.

  • <b>A child stands inside cement rings in Hyderabad</b></p><p>ACC, manufacturer of cement, reported net profit of Rs 350.17 crore for the first quarter ended March 31, 2011, down 10.8% from Rs 392.8 crore in the same quarter quarter last year.</p><p>Revenue for the quarter was up 14% at Rs 2,556.2 crore, from Rs 2,240.3 crore in the corresponding quarter last year.
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    A child stands inside cement rings in Hyderabad

    ACC, manufacturer of cement, reported net profit of Rs 350.17 crore for the first quarter ended March 31, 2011, down 10.8% from Rs 392.8 crore in the same quarter quarter last year.

    Revenue for the quarter was up 14% at Rs 2,556.2 crore, from Rs 2,240.3 crore in the corresponding quarter last year.

  • <b>Nikkei slips to 1-week low, stronger yen hurts exporters</b></p><p>Japan&#39;s Nikkei average closed at a one-week low on Tuesday, losing 1.2% as exporters were hit by a stronger yen in thin trade ahead of corporate earnings announcements.</p><p>Falls in exporter shares undermined the overall market after the dollar hit a four-week low against the yen , reducing the value of their overseas earnings.</p><p>Electronics giants fell, with Sony Corp losing 2.1% to 2,415 yen and Toshiba Corp down 2.8% at 416 yen.</p><p>Among carmakers, Toyota Motor Corp fell 2.4% and Honda Motor Co lost 1.6%.</p>

    Nikkei slips to 1-week low, stronger yen hurts exporters

    Japan's Nikkei average closed at a one-week low on Tuesday, losing 1.2% as exporters were hit by a stronger yen in thin trade ahead of corporate earnings announcements.

    Falls in exporter shares undermined the overall market after the dollar hit a four-week low against the yen , reducing the value of their overseas earnings.

    Electronics giants fell, with Sony Corp losing 2.1% to 2,415 yen and Toshiba Corp down 2.8% at 416 yen.

    Among carmakers, Toyota Motor Corp fell 2.4% and Honda Motor Co lost 1.6%.

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