Rupee plunges 29 paise to 60.32 Vs dollar in early trade

Rupee dollarMumbai: The rupee today fell by 29 paise to 60.32 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American currency against other rivals overseas.

Besides, increased demand from importers also put pressure on the domestic unit.

Dealers attributed this fall to dollar's gains against other currencies overseas on reports of US inflation rising in May at its fastest pace in more than a year-and-a-half.

However, a higher opening in the domestic stock market restricted the rupee's fall.

Fish are as smart as apes: Study

Fish-PhotoNew York, June 18 - A new study has revealed that fish's cognition and sensory perception are generally on the same level with that of the other animals.

Culum Brown of Macquarie University in Australia said that although, scientists cannot provide a definitive answer on the level of consciousness for any non-human vertebrate, the extensive evidence of fish behavioral and cognitive sophistication and pain perception suggests that best practice would be to lend fish the same level of protection as any other vertebrate.

Sensex up 54 points in early trade

Sensex upMumbai: The benchmark BSE Sensex today rose over 54 points in early trade, extending gains for the second straight day, as participants made selective buying in shares of RIL, ONGC, SBI and Infosys.

The 30-share index gained 54.14 points, or 0.21 percent, to 25,575.33. The gauge had gained 330.71 points in the last session on late heavy fund-based buying.

The wide-based National Stock Exchange index Nifty moved up by 14.60 points, 0.19 percent, to 7,646.30.

Brokers said selective buying by participants despite a mixed trend on other Asian bourses, amidst deepening crisis in Iraq, influenced the sentiments here.

Adobe results beat estimates on strong subscription growth

Adobe results beat estimates on strong subscription growthAdobe Systems Inc, the maker of Photoshop and Acrobat software, reported better-than-expected quarterly profit and revenue, helped by higher subscription sales of its Creative Cloud and Marketing Cloud suites.

Adobe`s shares rose 8.6 percent in after-hours trading.

"These results reflect Adobe is continuing to execute well through its transition to the cloud, which continues to be a key ingredient in the company`s long-term recipe for success," FBR Capital Markets analyst Samad Samana told Reuters.

Farm activists criticise IB report on GM foods

Farm activists criticise IB report on GM foodsNew Delhi: Agricultural activists on Tuesday criticised a report of Intelligence Bureau for terming NGOs as a threat to India's economic security, especially with regard to genetically modified foods.

"The IB report has a special section on GMOs (genetically modified/engineered organisms) that supports the introduction of GM crops into Indian agriculture.

Sushma Swaraj to meet Russian Deputy PM tomorrow

Sushma-SwarajNew Delhi, June 17 : In the first interaction between India and the Russian Federation, External Affairs Minister Sushma Swaraj will meet visiting Russian Deputy Prime Minister Dmitry O. Rogozin tomorrow, official sources said.

According to the sources, India and Russia have a special and privileged strategic partnership and Mr. Rogozin's visit is in the context of high level bilateral contacts and intense dialogues on priority areas of bilateral cooperation.

Deputy Prime Minister Rogozin will be in India on June 18 and 19,2014.

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