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UP sugar millers' petition against state price rejected
In a major setback to the Uttar Pradesh private sugar millers, the Lucknow Bench of Allahabad High Court today dismissed their petition challenging the fixing of State Advised Price (SAP) for sugarcane, by the state government. The division bench comprising Justices D P Singh and S C Chaurasia also imposed a fine of Rs 50 lakh on the petitioners, of which Rs 25 lakh would go to the sugarcane research

Cash market turnover at 15-month high

The markets have been on a roll in calendar 2012, with the Sensex surging 14.8 per cent in this year so far. The rally has also fuelled turnover in the equity cash market; it has touched a 15-month

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BSE SME exchange may come up by March-end
The much-awaited Bombay Stock Exchange (BSE) Small and Medium Enterprises (SME) platform may come up before the end of this fiscal. It targets to list 500 SMEs in three years.

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Rupee posts biggest weekly fall in nine weeks

Suspected dollar sales by the Reserve Bank of India helped the rupee recover all intraday losses on Friday but the currency still posted its biggest weekly fall in nine weeks. The likely intervention

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Sensex closes 82 points lower as industrial output slows (Roundup)
A benchmark index for Indian equities markets Friday closed 82 points lower as traders booked profits after data showed industrial output grew at a slow 1.8 percent in December.

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Nine men jailed for London Stock Exchange bomb plot
A London Court has jailed nine men for plotting to bomb the London Stock Exchange and conducting a terror training camp.

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