Inflation in India close to post financial crisis lows: Nomura

New Delhi - Japanese brokerage Nomura on Tuesday said inflation levels in India are close to post global financial crisis lows, and retained its positive stance on the country's stock market.

According to the global financial services major, the national accounts reveal that inflation rates across sectors in the country are close to post-GFC (global financial crisis) lows.

"Inflation across aggregate sectors is close to post-GFC lows; we reiterate our positive stance on the market and remain OW (overweight) on financials," Nomura said in a research note.

Gold futures fall 0.74% to Rs 26,314 per 10 grams

New Delhi - Gold prices fell by 0.74 percent to Rs 26,314 per 10 grams in futures trade on Tuesday as speculators reduced their exposures amid a weak trend overseas on stronger dollar.

At the Multi Commodity Exchange, gold for delivery in December fell sharply by Rs 195, or 0.74 percent, to Rs 26,314 per 10 grams in a business turnover of just one lot.

Likewise, the metal for delivery in February next year eased by Rs 172, or 0.65 percent, to Rs 26,767 per 10 grams in 197 lots.

Market analysts said a weak trend in overseas markets where the precious metal retreated from five-week high on outlook for stronger dollar mainly weighed on gold prices at futures trade here.

Chinese medicinal plant may help treat obesity, diabetes

chinese medicinal plantsWashington, Dec 2 : A new study has revealed that a component of a flowering plant used in traditional Chinese medicine thwarts development of obesity, type 2 diabetes and hepatic steatosis.

According to the study, a component found in the plant, Glycyrrhiza uralensis, may inhibit the development of metabolic disorders by stopping the activation of NLRP3, a protein involved in the disease process and the researchers identified isoliquiritigenin as having the ability to attenuate high-fat, diet-induced obesity, type 2 diabetes and hepatic steatosis in mice.

Interest rates to remain unchanged, says RBI

RBIMumbai, Dec 2 : The Reserve Bank of India (RBI) on Tuesday decided to keep interest rates unchanged and to stay focussed on containing inflation.

The RBI kept the repo rate at 8 per cent at its policy review, and there was no reduction.

The reason for the interest rates being unchanged was because of the less than positive economic growth that was expected during Prime Minister Narendra Modi's first six months in power.

RBI Governor Dr. Raghuram Rajan has reportedly kept the rates same, as a slowdown in economic growth was not as bad as earlier feared.

New Coca-Cola milk product ad branded `sexist` over naked women being pictured in milk dresses

London, Dec 02 - The latest advertising campaign by Coca-Cola for their new milk product was c

First ground-based telescope detection of super-earth transit may help sense future small exoplanets

Washington, Dec 02 - Astronomers were recently able to detect super- earth transit through a ground-based telescope for the first time ever, which have paved way for remote sensing of future small exoplanets .

Astronomers have measured the passing of a super-Earth in front of a bright, nearby Sun-like star using a ground-based telescope for the first time. The transit of the exoplanet 55 Cancri e is the shallowest detected from the ground yet.

Since detecting a transit was the first step in analyzing a planet's atmosphere, this success bodes well for characterizing the many small planets that upcoming space missions are expected to discover in the next few years.

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