RBI likely to hold rates till December: BofA-ML

The Reserve Bank of India (RBI) is likely to be in a "break" mode till December, as increasing El Nino risks intimidate the downpour, a Bank of America Merrill Lynch (BofA-ML) statement said.
According to the global financial services major, price increases pressures are likely to linger as a possible El Nino could involve the downpour, which in turn would thrust up food prices.

Sensex hits new record high of 22,812; Nifty at 6,827 in opening trade

The benchmark   BSE Sensex on Tuesday soared to a innovative evidence towering of 22,812.36 in breach trade on continued foreign capital inflows and tracking helpful familial cues together with vigorous commercial earnings.

UNITED STATES GDP GROWTH

The Gross Domestic Product (GDP) in the United States expanded at an annual rate of 2.60 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in the United States is reported by the U.S. Bureau of Economic Analysis. GDP Growth Rate in the United States averaged 3.24 Percent from 1947 until 2013, reaching an all time high of 17.20 Percent in the first quarter of 1950 and a record low of -10.40 Percent in the first quarter of 1958. The United States has one of the most diversified and most technologically advanced economies in the world. Finance, insurance, real estate, rental, leasing, health care, social assistance, professional, business and educational services account for more than 40 percent of GDP. Retail and wholesale trade creates another 12 percent of the wealth. The government related services fuel 13 percent of GDP. Utilities, transportation and warehousing and information account for 10 percent of the GDP. Manufacturing, mining, and construction constitute 17 percent of the output. Agriculture accounts for only 1.5 percent of the GDP, yet due to use of advance technologies, the United States is a net exporter of food. This page provides - United States Economy Expands 3.2% in Q4 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 

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Sensex gains over 76 points in early trade

The standard Bombay Stock Exchange (BSE) Sensex rose roughly 78 points in near the beginning trade on Thursday after Tata Consultancy Services and HCL Technologies posted encouraging wages.

In addition, a diverse movement in the worldwide markets also buoyed the trading emotion here.

Polling begins in Uttar Pradesh

Polling for 11 Lok sabha seats of Uttar Pradesh to decide fate of 150 candidates in the second phase started this morning on a peaceful note amidst elaborate security arrangements.

“The polling has started at 7 am on a peaceful note. Over 1.85 crore electorates will be exercising their franchise to choose their representatives from 150 candidates,” UP Chief Electoral officer Umesh Sinha said.

In this phase, polling is being held in Moradabad, Rampur, Sambhal, Amroha, Badaun, Bareilly, Pilibhit, Shahjahanpur, Nagina, Aonla and Kheri.

The prominent candidates who are in fray includes Maneka Gandhi, Santosh Gangwar, Saleem Sherwani and Begum Noor Bano.

Of the 11 seats, four were held by SP, three by Congress and two by BJP during the last Lok Sabha polls in 2009.

BJP leader Maneka Gandhi, who had won from Aonla seat last time, is contesting from her stronghold Pilibhit.

The nephew of SP chief Mulayam Singh Yadav, Dharmendra Yadav, is in the fray to retain Badaun Lok Sabha seat.

Former MP Saleem Iqbal Sherwani is contesting from Aonla as Congress nominee.

Congress has fielded Begum Noor Bano from Moradabad seat, from where former cricketer Mohd Azharuddin was elected last time.

Bano’s son Nawab Kazim Ali too is testing his luck from Rampur seat. Former minister Santosh Gangwar is contesting on BJP ticket from Bareilly.

Shafeequrehman Barq, who won the last Lok Sabha poll from Sambhal on BSP ticket, is fighting on SP ticket this time.

Of the total 18,975 polling centres, 3,206 have been identified as sensitive.