Global cues, selling pressure subdue Indian equities

Broadly negative global cues and heavy selling pressure witnessed in metal, automobile and healthcare stocks subdued the Indian equity markets on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 16.55 points or 0.18 per cent, to 8,946.90 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,092.16 points, prov

Cadila inks pact with Supernus Pharma to settle patent issue

Cadila Healthcare today said that it has finalised a pact with Supernus Pharmaceuticals to settle patent litigation regarding Trokendi XR extended-release capsules, used for treatment of seizures. Cadila Healthcare, along with subsidiary Zydus Pharmaceuticals (USA) Inc, have finalised an agreement with Supernus Pharmaceuticals Inc to settle all outstanding patent litigation related to Trokendi

RBI allows more equity buying in South Indian Bank

Foreign investors are permitted further purchases of equity shares in private sector South Indian Bank as the prescribed 49 per cent threshold caution limit stipulated under the extant FDI policy has come down, reported PTI. Foreign shareholding by ADR/GDR/FIIs/RFPIs/NRIs/FDIs/PIOs in South Indian Bank has reached the trigger limit, a Reserve Bank notification said.

"Hence furthe

Thomas Cook launches unique “Theme Park Tours” for children

Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company announced a strategic focus on children - India’s powerful new segment of holiday decision makers. To leverage this strongly emerging potential, the company has launched an engaging series of ‘Theme Park Tours’, a unique concept designed to delight children with fun

Jio avg download speed doubles to 17.42 mbps in Jan: Trai

The average peak download speed on Reliance Jio network more than doubled to 17.42 megabit per second at the end of January, according to data by telecom regulator Trai, reported PTI. The monthly average mobile broadband speed published by the Telecom Regulatory Authority of India (Trai) showed that the download speed on Jio network reached 17.42 mbps in January from 8.34 mbps at the end of Dec

Coal India approves interim dividend of Rs 18.75 for FY17

Coal India said its board has approved an interim dividend of Rs 18.75 per share for 2016-17 financial year, reported PTI. The government, which holds a little over 79 per cent stake in the coal major, is likely to get around Rs 9,200 crore from the total interim dividend payout. "The Board of Directors of Coal India (CIL) in its meeting on Monday March 6, 2017 have approved payment of int

Air Costa suspends all flights till March 15

Cash-strapped regional airline Air Costa has suspended its operations till March 15 for operational reasons, said a company official on Monday.

"We have suspended our services since February 28 and stopped bookings till March 15 for operational reasons. We will announce our revival plans on March 15," Air Costa's Marketing Vice-President Kavi Chaurasia told IANS from And

Global cues, selling pressure subdue Indian equities

Indian equity markets traded on a negative note during the mid-afternoon trade session on Tuesday as negative global cues and heavy selling pressure witnessed in metal, banking and healthcare stocks subdued investors' sentiments.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 19.25 points or 0.21 per cent, to 8,944.20 points.

The barometer 30-sc

SpiceJet to reserve seat for solo women passengers

Budget passenger carrier SpiceJet on Monday announced that starting Wednesday, it will reserve single row seats only for solo women passengers on all its flights.

According to the airline, the fourth row seats would be reserved for the airline's solo women passengers on all its flights, starting March 8 -- the International Women's day.

The airline said the initiativ

Tech Mahindra to buy U.S. healthcare IT firm CJS for $110 million

BENGALURU  - Tech Mahindra Ltd , India's fifth-biggest software services exporter, will buy U.S.-based healthcare IT consulting firm CJS Solutions Group for an enterprise value of $110 million.

Tech Mahindra, which will acquire CJS through a unit, will make an upfront cash payment of $89.5 million for the acquisition of 84.7 percent stake in CJS with the rema

Tata Steel says in 'constructive discussions' with ThyssenKrupp

MUMBAI  - Tata Steel Ltd is still in talks with Germany's ThyssenKrupp AG about a potential merger of their European steel assets, the Indian company said on Monday.

The statement was in response to reports in the British media on Sunday that India's largest steel company might be in the process of calling off a potential deal with the Germans.

SBI Life opens offices in MP, Chhattisgarh

In an attempt to boost its operation in Madhya Pradesh and Chhattisgarh, SBI Life Insurance Company Limited today opened its new regional office at MP Nagar Zone-2. After inaugurating the office, SBI Life Insurance Managing Director and Chief Executive Officer Arijit Basu said, "SBI life has witnessed a remarkable growth this year and we are expanding our reach in MP and Chhattisgarh."

Indian equities surge to new 2017 closing-highs

Indian equity markets surged to new closing-high levels on Monday as investors' sentiments were buoyed by positive global cues, coupled with a marginally strong rupee.

The key indices provisionally closed with gains of more than half a per cent each to touch new closing highs since March 2015.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 65.90 poi

Tata Motors readies sports car for Geneva Motor show

From the humble Indica to a sports car, Tata Motors is marking its 20th year of participation at the Geneva International Motor Show with a leap of faith to the future, reported PTI. The homegrown auto major has used the platform to showcase its several prototypes and concepts starting with the Indica in 1998 -- the company's first passenger car -- and the ill-fated Nano in 2008, among othe

Indian women earn 25% less than men

Gender continues to be a significant parameter in determining salaries, as men earned a median gross hourly salary of Rs 345.8, whereas women earned Rs 259.8, a survey has showed.

The 'Monster Salary Index' (MSI) report on gender pay parity was released in a survey titled 'Women of India Inc' by online career and recruitment solutions providers Monster India.

Indian equities surge on positive global cues

Indian equities markets were on Monday lifted by positive global cues, coupled with a marginally strong rupee and healthy buying witnessed in automobile, oil and gas, and banking stocks.

The key indices traded with gains of more than half a per cent each during the mid-afternoon trade session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 47.45 points

Dr. Reddy’s Lab acquires stake in Imperial Credit

Leading pharma company, Dr Reddy's Laboratories has said that it has acquired 100 per cent stake in Imperial Credit Private Ltd, a Kolkata-based non-banking finance company. The acquisition was for a consideration of Rs 2.05 crore.

"The acquisition process was consummated on receipt of applicable regulatory approvals. The company proposes to undertake the group's captive

Yes Bank bags ‘Best Social Bank’ award during banking summit

Yes Bank has said that it has been recognized as the ‘Best Social Bank’ (in the mid-sized Bank category) during the ASSOCHAM 12th Annual Banking Summit cum Social Banking Excellence Awards. The award was presented by Shri Arjun Ram Meghwal, Hon’ble Minister of State, Finance, who graced the occasion as the Chief Guest.

This prestigious award recognizes financial inst

Government likely to ask SAIL to operate MIEL till buyer finalised

The government is examining the possibility of India’s largest steel maker Steel Authority of India Ltd (SAIL) undertaking 'operation and maintenance' (O&M) of ailing Monnet Ispat & Energy Ltd (MIEL) till the lenders are able to find a buyer for the company, as per the media reports. However, it may not be possible for SAIL to take over MIEL which is up for sale but it wou

Tata Steel UK may scrap merger talks with German group: Report

Tata Steel could be considering withdrawing from talks on a planned merger of its European business with German conglomerate Thyssenkrupp, British media reported on Sunday.

The Sunday Times newspaper said that Tata Steel is considering a "daring plan to break off a planned merger" of its European business with those of the German conglomerate.

Such a deal with the

Industry data, US interest rate to guide equities markets

Upcoming macro-economic industrial production data and cues on a likely US interest rate hike will determine the movement of the equities indices in the week beginning on Monday.

"The coming week for the markets will be largely dominated by global sentiments, especially the US markets, and the domestic flows which have been gaining prominence in the recent times," Devendra N

India finalises bills to launch GST in July

NEW DELHI - India moved a step closer on Saturday towards launching a new national sales tax from July after a panel of federal and state finance officials finalised two key bills to be put before parliament.

The Goods and Services Tax (GST) has missed several launch dates. On Saturday, Finance Minister Arun Jaitley said the measure is on track for a rollout from July

Selling pressure breaks bull streak, dips indices

Profit booking after five-weeks of a bull streak pulled the key equities markets down during the just concluded weekly trade session.

The key indices closed on a flat-to-negative note, as investors' risk taking appetite got eroded due to a likely US interest rate hike.

However, positive global cues, coupled with upbeat domestic macro-data and inflows of foreign funds arr

ICICI Bank raises $300 million through bond issue

Lending major ICICI Bank on Friday informed the stock exchanges that it has raised $300 million through the issuance of bonds.

"ICICI Bank, acting through its DIFC (Dubai) branch, priced an issuance of 5.5 year fixed rate notes for an aggregate principal amount of $300 million," the lending major informed the stock exchanges.

"The notes were sold under the Reg

Maruti Suzuki launches Baleno RS

Automobile major Maruti Suzuki India on Friday entered into the high-performance segment with the launch of Baleno RS priced at Rs 8.69 lakh.

According to the company, the Baleno RS is powered by a 1 litre 'Boosterjet Direct Injection Turbo Charged' engine - which delivers 20 per cent more power and 30 per cent more torque than a 1.2 litre 'naturally aspirated' petrol