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Key Levels: More upside above 15,350
The markets are likely to open on a positive note owing to strong cues from the global markets. Reliance is likely to be in focus today ahead of its Q1 numbers.

ABC Paper shelves plan to set up new plant
Punjab-based ABC Paper has put on hold its plan to set up a new agro-based facility with an investment of Rs 1,000 crore in view of sluggish demand and said it would rather stabilise existing operations.

News of the day

'More upgrades will hike the Gorshkov's price'
A consummate Russian diplomat, Vyacheslav Trubnikov is returning home this week after having served as serving as Russia’s ambassador to India for nearly five years. The period has seen several highs and lows in the bilateral relationship, including the building of the first civil nuclear power plants by Russia and nagging problems over defence spares and equipment. Edited excerpts from an interview with Jyoti Malhotra
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Dubai concerns not to impact India: Sharma

Notwithstanding the UAE being India"s top destination for exports, the government today put up a brave face stating financial concerns in Dubai would not impact the Indian economy and the country"s real estate sector. - Dubai crisis may not impact remittances: FinSecy - When does liaison office attract I-T in India? - Need to protect Indians in UAE from visa-related probs - Govt okays amendment to Air Agreement with Saudi Arabia - UAE may allow 100% ownership of businesses - Jet Airways suspends all its flights between UAE and India "I don"t think," said Commerce and Industry Minister Anand Sharma when asked whether the confidence erosion in Dubai would have ripple effect in India. Sharma said the Indian economy is large and "I don"t think developments in real estate sector in Dubai are going to impact it...Besides, the Indian real estate is doing well," he said. The UAE, which has a large Indian population, is the country"s largest export destination with shipments of about $24 billion in fiscal 2008-09. Asked whether exports to the Middle East could be impacted, Sharma told reporters, "I hope not." Most of the global stock markets tanked on concerns of the global impact of the crisis of confidence in UAE.


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