Political turmoil will keep rupee under pressure, says JP Morgan
The postponement of elections till September is likely to have a significant impact on the economy and market sentiment, keeping the rupee under pressure, said JP Morgan's Indian market outlook released on Thursday.

Ministry asks SEBs to build up coal stocks
The coal ministry has asked state electricity boards (SEBs) to build up stocks ahead of the monsoon, when rains disrupt supplies as well as production and the coal sector gets blamed.

Centre to appoint financial, legal advisors for airports corporatisation
The Centre will select the legal and financial adviser for corporatisation of Delhi, Mumbai, Chennai, Calcutta and Bangalore international airports within two weeks.

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