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India loses crops of Rs 50,000 cr to poor post-harvest handling
India is losing food items worth a whopping Rs 50,000 crore every year due to poor post-harvest handling of farm produce, a development that analysts say may jeopardise the Centre"s plan to formulate a food security law, especially in view of a "below-normal" monsoon.

GM in pact with Reva for producing electric vehicles
US-based car maker General Motors today joined hands with Reva Electric Car Company to develop and produce electric vehicles in the Indian market as part of its plan to make the country a global hub for environment friendly vehicles.

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275 mn 3G subscribers in India by '13: Evalueserve
With the availability of the 3G spectrum, about 275 million Indian subscribers will use 3G-enabled services, and the number of 3G-enabled handsets will reach close to 395 million by 2013-end, estimates the latest report by Evalueserve, a provider of knowledge process outsourcing (KPO) services.
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Markets have a sedate start

Considering the weak US and Asian cues, our markets have opened on a quiter note. The Sensex is quoting at 16,714, down 71 points, and the Nifty is at 4962, down 26 points. - US markets end weak - Sensex falls most in two weeks - Spice Finance plans to buy 15% in NMCE - Sensex sheds 213pts on profit booking - Sensex ends down 226pts - Sensex tumbles over 250pts The top Sensex losers are ICICI Bank (weaker by 1.4% at RS 873), M&M (down 1.2% at Rs 1,001) and SBI (lower by 1.1% at Rs 2,253). DLF and Reliance Infrastructure have shed slightly more than 1% each. The leading Sensex gainers are ONGC (higher by 0.5% at Rs 1,169), NTPC (firmer by 0.4% at Rs 214) and Grasim (up 0.2% at Rs 2,280). The market breadth is weak. Out of 1,345 stocks traded on the BSE, there are 573 advancing stocks as against 724 declines.


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