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Sensex falls for 2nd day, down 266 pts; Nifty ends below 7,300

Sensex falls for 2nd day, down 266 pts; Nifty ends below 7,300

BSE Sensex slumped by 266.44 points to 24,020.98 on sustained foreign fund outflows, while IT stocks fell after Cognizant lowered revenue guidance for the year.

Agri, power dip: Q3 growth at 7.3% lowest so far this fiscal
Agri, power dip: Q3 growth at 7.3% lowest so far this fiscal

July-September estimate revised to 7.7% from earlier calculation of 7.4%

We’re working to remove constraints such as cost of capital: Nirmala Sitharaman
We’re working to remove constraints such as cost of capital: Nirmala Sitharaman

RBI panel proposes easier norms for bond options
RBI panel proposes easier norms for bond options

The working group, set up by the RBI, has called for introducing a call and put option format for trading over-the-counter (OTC) as well as on exchanges.

Airports invoke dispute clause as AAI demands audit by CAG

Matter may be referred to an arbitration tribunal if not settled within 60 days.

AI receives complaints of inadequate rest for cabin crew, issues circular

For three years now, the crew members have been complaining of over-work, including lack of sufficient leave from work.

Biocon set to seek USFDA approval for biosimilars

Biosimilars are copies of biological drugs with same safety and efficacy as original products. The addressable market for Biocon in these countries is more than $30 billion.

Sensex extends gains, up 58 pts in early trade

The 30-share index, which gained 115.11 points in the previous session, added 58.56 points, or 0.24 per cent, to 24,396.99, with stocks of banking, metal, capital goods, consumer durables, auto and FMCG leading the gains.

Assocham makes a pitch for women-friendly Budget
Union Budget 2016

The proposals formed part of its pre-Budget recommendations to the Finance Ministry. An allowance of up to Rs 2,500 per child every month for up to two children should be provided, it added.

Arun Jaitley pitches investment scope in infra, railways to sovereign funds

Jaitley also expressed hope that the opposition parties will “see reason” and the Constitution Amendment Bill for enabling Goods and Services Tax (GST), will become a reality soon.

Large firms benefit, laws apply quickly to small cos: Raghuram Rajan

Rajan listed four conditions for free enterprise to be politically viable: Level playing field with easy entry and exit, protection of property rights, broadening access to capabilities and a basic safety net.

Court refuses to take cognizance of ‘offences’ by bank officials

The bank officials are entitled to protection under Section 197 of CrPC, says special court.

BSE Sensex rises 115 points to halt 3-day losing streak

Market benchmark Sensex today snapped a three-session losing spree as it jumped by 115 points to 24,338.43 and in the process recovered from a two-week low on value-buying in recently beaten-down stocks.

Auto Expo 2016: Diesel ruling, emissions weigh heavy on Day 1; Maruti, Tata steal the show

Tata Motors launches 4 new models; Maruti Suzuki’s compact SUV Vitara Brezza creates biggest stir.

Our federalism must remain our strength: Arun Jaitley

While Karnataka has emerged as an economically progressive state on the back of a services and agricultural economy ,the state needs to attract large industries, Jaitley said.

Non-power coal mines to be auctioned: Government

There will be no renewal of existing FSAs of non-regulated sectors, except for central public sector enterprises and fertiliser (urea) units, after completion of their current agreement tenure.

Raise capital via Renminbi bonds: CY Leung

The HK Chief Executive stated that it has the expertise and capacity to arrange a diverse range of fund-raising options, including syndicated loans.

Banning new vehicles can’t be answer to the pollution problem, old vehicles pollute more: Kenichi Ayukawa

As the Supreme Court-imposed ban on sale of certain category of diesel vehicles continues in Delhi, he said that banning new vehicles might not be the answer for tackling pollution.

Sensex tumbles 316 points; down for third day on global sell-off

The gauge has lost 647 points in the three straight days.

HSBC to freeze salaries, hiring in 2016 in battle to cut costs: Reports

Like numerous other global banks, HSBC is in the midst of a cost-cutting drive to boost profitability and returns to shareholders, and is pushing through with plans for annual cost savings of up to $5 billion by 2017.

Oil falls as Asia economies slow, prospect of crude output cut dims

Front-month Brent crude was trading at $35.55 per barrel at 0047 GMT, down 44 cents or over 1.2 percent from the last close.

Government reviews 50-year-old law as part of ease of doing business policy

The Specific Relief Act has not been amended since its inception.

RBI Governor Raghuram Rajan sceptical about GDP calculation

Value addition to the GDP is important when people move into newer areas of work: RBI Guv.

Bhubaneswar leads Govt’s Smart City list, Rs 50,802 crore to be invested over five years

The first list of 20 smart cities was released today by Union Minister Venkaiah Naidu. Bhubaneswar has topped the list of 20 Smart Cities followed by Pune and Jaipur coming second and third.

Supreme Court committee to sell  Pearls Group assets gets new head

Sebi had in August 2014 asked the group to return Rs 46,000 crore to more than 5.85 crore investors.

Rupee drops 15 paise against dollar in early trade

A higher opening in the domestic equity market, capped the rupee's losses.

SpiceJet flies high, stock soars 13.5% on robust earnings

SpiceJet on Friday reported a net profit of Rs 238.40 crore for the December quarter, mainly on the back of lower fuel costs.

Banks can sell gold coins made by MMTC, says RBI

Central Bank: This includes a monthly credit for payment of net pension.

Valuation dip: Room for bottom-fishing

Even as FIIs continue to off-load their holdings, participants say that it should not be taken as a negative vote on India.

Rupee revisits 2013, recovers from below 68 against dollar

The Indian currency is down 15.60% from 58.78 after NDA poll victory in 2014.

New power tariff policy tightens regulator’s role

The tariff policy has more than 30 amendments in the existing tariff policy — the National Electricity Policy, 2005.

Digital business boosts HCL Tech Q2 net profit to 10.3% at $291 mn

During the fiscal second quarter, the company’s revenue increased 1.4% from a quarter earlier to $1.56 billion.

Airports in India: Security air pockets

Amid burgeoning threat perceptions across airports, the proposal to cut down on CISF deployment, coupled with other security loopholes, is worrying and calls for a relook.