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Sensex tanks 572 points over oil output cut fears, weak rupee Sensex tanks 572 points over oil output cut fears, weak rupee

 

Mumbai, Fears over possible crude oil production cut by the OPEC group as well as broadly negative Asians stock markets pulled the barometer S&P BSE Sensex index lower by over 570 points on Thursday.

In addition, outflows of foreign funds, weak rupee and uncertainty over the outcome of Assembly elections subdued investor sentiments

China agrees to reduce tariffs on US cars: Trump China agrees to reduce tariffs on US cars: Trump


Washington, China has agreed to cut tariffs on cars it imports from the US, President Donald Trump has said, a day after he negotiated a ceasefire in the trade war with Beijing.

"China has agreed to reduce and remove tariffs on cars coming into China from the US. Currently the tariff is 40 per cent," Trump tweeted on Sunday.

Petrol pumps bonanza: Angry dealers to move court Petrol pumps bonanza: Angry dealers to move court

 

Mumbai, Barely 72 hours after the Centre announced it was allotting a whopping 55,649 new petrol pumps in the country, the apex body of petrol-diesel retailers plan to challenge the decision in court, a senior office-bearer said on Wednesday.

All India Petrol Dealers Association (AIPDA) President Ajay Bansal said the government's move of November 25 appeared contrary to its own policy and the dealers would question its legal validity.

190 countries to participate in Expo 2020 Dubai 190 countries to participate in Expo 2020 Dubai

 

Dubai, A total of 190 countries will take part in Expo 2020 Dubai, it was announced here on Monday.

The announcement comes on the opening day of Expo 2020's third International Participants Meeting (IPM), which will see hundreds of delegates from around the world gather in Dubai to receive information and updates on the delivery of the biggest event to ever be held in the Arab world.

Sensex continues its losing streak, falls 800 points in three days Sensex continues its losing streak, falls 800 points in three days

 

Mumbai, India's key equity indices surrendered the gains, extending losses for a third straight session on Thursday amid uncertainity due to the ongoing state elections.

The BSE Sensex has lost close to 800 points in the past three days.

Heavy selling pressure was witnessed in the metal, power and banking stocks, which fell over 1 per cent each, whereas the index pivotal finance counters declined 0.83 per cent.

50% ATMs in India may shut down by March: CATMi 50% ATMs in India may shut down by March: CATMi

 

Mumbai, Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, the Confederation of ATM Industry (CATMi) warned on Wednesday.

Currently, India has approximately 2,38,000 ATMs, of which around 1,13,000 ATMs including 1,00,000 off-site and more than 15,000 white label ATMs are expected to down their shutters, said a CATMi spokesperson.

Swiggy to engage 2,000 women for food delivery Swiggy to engage 2,000 women for food delivery

 

Bengaluru, Leading food ordering and delivery start-up Swiggy on Tuesday said it would engage about 2,000 women as delivery personnel by March 2019.

"About 2,000 women will join our delivery team by March next year. Over the last few months, we have been working on training women for opportunities in this growing food delivery sector," the city-based online food delivery platform said in a statement here.

Sensex jumps 760 points to reclaim 34,000-mark Sensex jumps 760 points to reclaim 34,000-mark


Mumbai,  The benchmark Sensex jumped 760 points on Monday to reclaim the 34,000-mark, as investors stepped up purchases after a bout of declines last week.

Healthy buying was witnessed across all the 19 sectors on the BSE, led by banking, finance and healthcare stocks.

At 3.16 p.m., the S&P BSE Sensex traded at 34,111.19, up 761.88 points or 2.28 per cent from its previous close of 33,349.31.

GST likely to have 3-rate structure in future: Bibek Debroy GST likely to have 3-rate structure in future: Bibek Debroy

 

New Delhi, The current four-slab GST rate structure is likely to be reduced to three as the process of rationalising India's new indirect tax regime proceeds further, the Prime Minister's Economic Advisory Council (PMEAC) Chairman Bibek Debroy said on Friday.

In his address at the launch here of "GST: Explained for Common Man" written by former Central Board of and Excise and Customs Chairman Sumit Dutt Majumder, the PMEAC Chairman noted that only very few countries that have implemented GST follow the principle of "dual GST" (Goods and Services Tax) whose "terminal role from an economists point of view is to have a single tax structure."

Sensex down 300 points over weak macro, negative global cues Sensex down 300 points over weak macro, negative global cues

 

Mumbai,
Negative global cues along with an worrying macro-economic situation and mixed start to the corporate earnings season subdued key domestic indices during the afternoon trade session on Tuesday.

"The weakness in the market is because of the overall negative trend in the market, domestic as well as globally. The quarterly results are mixed adding to the negative sentiments among the investors but its just the start of the results season..," Astha Jain, Hem Securities told IANS.

Tesla launches new 'Model 3' with mid-range battery Tesla launches new 'Model 3' with mid-range battery



San Francisco, Electric car maker Tesla has announced a version of "Model 3" with a new 'mid-range' battery pack for $45,000 before incentives.

The new version, which was never announced, is coming as a surprise and it changes the whole pricing structure of "Model 3", Electrek reported on Thursday.

"Costs $35k after federal and state tax rebates in California, but true cost of ownership is closer to $31k after gas savings," Tesla CEO Elon Musk wrote on Twitter.

Petrol, diesel prices down for the first time since relief measures Petrol, diesel prices down for the first time since relief measures


Mumbai, Lower crude oil cost pulled the prices of key domestic transportation fuels -- petrol and diesel -- lower in the national capital on Thursday by 21 and 11 paise respectively.

According to the IndianOil Corporation's data, petrol was priced at Rs 82.62 per litre in the national capital, down from Rs 82.83 on Wednesday.

ASUS unveils 2 smartphones in India ASUS unveils 2 smartphones in India



New Delhi, Taiwanese smartphone maker ASUS on Wednesday launched ZenFone "Lite (L1)" and "Max (M1)" at the introductory price of Rs 5,999 and Rs 7,499, respectively, in India.

Both the online-focused smartphones support dual SIM, are powered by Qualcomm Snapdragon 430 Octa-core Processor and run on Android Oreo with Zen User Interface (UI) 5.0, the company said in a statement.

Nokia, BSNL partner to create 5G ecosystem in India Nokia, BSNL partner to create 5G ecosystem in India


New Delhi, Nokia and the government-owned telecom operator BSNL on Tuesday announced to work together to leverage 4G LTE technology for enabling greater operational efficiency at Nokia's Chennai plant and prepare it for the 5G era with smart manufacturing.

Mumbai bank loses Rs 143 cr in cyber fraud Sensex falls 760 points amid global sell-off, weak rupee Nine killed in SAIL factory blast Rupee closes at fresh low of 74.07 to USD RBI holds repo rate, but changes stance to 'calibrated tightening' RBI may hike repo rate by 25 bps on Friday Air India revival package to be ready soon: Minister Sensex sheds 218 points, Nifty below 11,000-mark Indian businesses worried over data privacy, cyber security: Dell survey India has potential to triple its trade with South Asia: World Bank No. 1 Co working space in Indore PuREnergy set to launch affordable lithium batteries in India Rupee crashes further, hits 72.67 per dollar Need to move towards electric mobility: Minister Rupee slips to a new low; touches 71.79/$ Weak rupee depresses equity indices; Nifty ends below 11,500 India's airlines suffering double whammy: IATA Petrol, diesel hit fresh high, rise for 9th straight day RInfra ratings rise as Mumbai power business sale cuts debt Rupee ends at lowest level of 71.21 per dollar Caution ahead of growth data pulls rupee lower; breaches 71-mark Mismanagement of economy sent rupee plunging: Congress Adani Group acquires RInfra's Mumbai power business Sensex breaches 36,700-mark; Nifty touches 11,700 point Lithium-ion batteries that don't catch fire in the offing Rupee to stabilise very soon: Official Equity indices end in red as rupee tests new low Users complain as Patanjali puts 'Kimbho' chat app on trial Reliance Jio leads India feature phone market in Q2 2018: IDC Markfed opens counter in Hongkong for sale of its products