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Selling pressure drags equities lower Selling pressure drags equities lower


 

Mumbai, Heavy selling pressure in capital goods, auto, metals, banking and oil and gas stocks subdued the key Indian equity indices on Monday.

The key indices recouped some losses during the late afternoon trade session, however, failing to exit the negative territory.

Equity indices slip on selling pressure, banks stocks plunge Equity indices slip on selling pressure, banks stocks plunge



Mumbai, Heavy selling pressure in banks, auto, capital goods and metal stocks dragged the key Indian equity indices lower during Friday's trade session.

The top five drags on the BSE were State Bank of India, Yes Bank, ICICI Bank, Adani Ports and IndusInd Bank.

Netanyahu scam: Ratan Tata denies involvement Netanyahu scam: Ratan Tata denies involvement


Mumbai,  Hours after his name figured in the Israeli Police recommendations seeking to indict Prime Minister Benjamin Netanyahu for corruption, Indian businessman Ratan N. Tata on Thursday termed the reports factually incorrect and apparently motivated.

Hollywood producer Arnon Milvhan reportedly attempted to promote a free trade zone on the Israel-Jordan border as part of his partnership with Tata according to reports appearing in an Israeli news media outlet, Ynetnews.

Banking sector stocks depress equity indices Banking sector stocks depress equity indices



Mumbai,  Massive sell-off in banking sector stocks pulled the key Indian equity indices -- S&P BSE Sensex and NSE Nifty50 -- lower on Wednesday.

According to market observers, heavy selling pressure was witnessed in banking, healthcare and automobile stocks.

At 3.30 p.m. the barometer 30-scrip Sensitive Index (Sensex) of the BSE receded by 144.52 points or 0.42 per cent to 34,155.95 points from Monday's close. The equity markets were closed on Tuesday.

Punjab National Bank detects $1.8 bn fraud at a Mumbai branch Punjab National Bank detects $1.8 bn fraud at a Mumbai branch



Mumbai, Punjab National Bank, the second largest public sector bank in India, has detected a $1.8 billion fraud in one of its branches here, the bank said in a regulatory filing to the stock exchanges on Wednesday.

"The bank has detected some fraudulent and unauthorised transactions (messages) in one of its branch in Mumbai for the benefit of a few select account holders with their apparent connivance," the filing by the bank said.

Super wood could replace steel in cars, airplanes Super wood could replace steel in cars, airplanes



New York, Researchers have found a way to make wood so strong that it could replace steel in any application, including in cars and airplanes.

The researchers believe that the new process, detailed in the journal Nature, could make wood stronger than even many titanium alloys.

Reliance Energy's pre-summer bounty for Mumbai consumers Reliance Energy's pre-summer bounty for Mumbai consumers



Mumbai,  Ahead of the upcoming summer season, Reliance Energy on Wednesday announced massive discounts on super-energy-efficient ceiling fans and refrigerators for its Mumbai consumers intended to slash power bills.

Under the scheme, 'Change for Mumbai', the company will offer up to 42 per cent discount on these appliances which would help consumers save drastically on their power bills, said a spokesperson.

Auto Expo: Tata Motors unveils 2 new car concepts Auto Expo: Tata Motors unveils 2 new car concepts



New Delhi,  Auto major Tata Motors on Wednesday unveiled two new passenger vehicle concepts, including a five-seater luxury SUV "H5X" and a premium hatchback "45X".

The company made the announcement at the pre-open event of the 14th Auto Expo.

Tata Motors' new SUV will be on show at Auto Expo Tata Motors' new SUV will be on show at Auto Expo


New Delhi,  Tata Motors will put on display its new H5 5-7 seater SUV car based on the Land Rover Discovery Sport model at the Auto Expo beginning in nearby Greater Noida on Wednesday.

Tata Motors Managing Director and CEO Guenter Butschek told the media here on Tuesday that the pre-production versions of its new hatchback model X451 will also be on display at the auto show.

Eicher introduces first electric bus Eicher introduces first electric bus




New Delhi,  Eicher Trucks and Buses on Monday launched its first electric bus "Skyline Pro E".

According to the company, the new electric bus model is powered by an indigenously developed "Revolvo" electrification technology.

Equities close deep in red, Sensex sheds over 800 points Equities close deep in red, Sensex sheds over 800 points



Mumbai, Indian equity markets on Friday tumbled and provisionally closed deep in the red -- the BSE Sensex shedding over 800 points -- following negative global cues and a disappointing announcement in the Budget on the reintroduction of the long-term capital gains (LTCG) tax.

Stocks of banking, capital goods, auto, consumer durables, oil and gas, and metals witnessed a huge sell-off.

TRAI slashes mobile number portability charges to Rs 4 per from Rs 19 TRAI slashes mobile number portability charges to Rs 4 per from Rs 19



New Delhi,  Keeping in view upsurge in mobile number portability (MNP) requests, the Telecom Regulatory Authority of India (TRAI) has decided to slash its rate to Rs 4 per successful porting from Rs 19 earlier.

The TRAI arrived at the decision after taking into consideration the comments received from the industry stakeholders.

Hacker steals $150,000 by faking cryptocurrency pre-sale Hacker steals $150,000 by faking cryptocurrency pre-sale



San Francisco,  A hacker has stolen nearly $150,000 by tricking people to participate in a cryptocurrency Initial Coin Offering (ICO) pre-sale and guiding their payments to a fraudulent wallet address, media reported.

The cyberattacker targeted ICO, also known as a token sale, designed to raise funds for a "Skype-like voice and video application" which could also take secure payments through the blockchain, news portal Beeping Computer reported on Tuesday.

Global cues, selling pressure subdue equity indices Global cues, selling pressure subdue equity indices


Mumbai,  Negative global cues along with selling pressure subdued the key indices of the Indian equity market during the early-morning trade session on Tuesday.

According to market observers, heavily selling pressure was witnessed in banking, capital goods and metal stocks.

Vigilance required against a likely stock market bubble: Economic Survey US dollar ticks down on economic data Banks stocks shoot up on 100 percent FDI in private banks reports Hackers steal cryptocurrency worth $400,000 Foreign funds power Nifty50 flight above 10,600-mark SBI cuts base rate to benefit retail borrowers Apple apologises for slowing older iPhones down RCOM's decision to monetise wireless assets a good development: SBI Chairman Top 1o percent earners have 55percent of India's wealth Researchers unveil design of silicon quantum computer chip Airtel launches 4G in Kargil, Leh, Dras in Ladakh region India ranks 109 in mobile internet speed: Ookla Bitcoin surges above $14,000 to new high Online retail giant Amazon enters Australian market US dollar declines amid political uncertainties India will become $5 trillion economy before 2024: Mukesh Ambani Bitcoin value hits record high Oil prices rise ahead of OPEC meeting Oil prices jump but post weekly losses Airtel broadband users can now carry forward unused data Facebook reports $4.7 bn profit, 2.07 bn monthly users in Q3 SBI reduces lending rates on home and vehicle loans India jumps 30 ranks to 100th in World Bank's ease of doing business list Tesla to open manufacturing plant in China Jio unveils new Dhan Dhana Dhan tariff plans US dollar declines against other major currencies Gas trading exchange coming up: Pradhan Leopard enters Suzuki's Manesar plant, production hit In four years, Patanjali will be world's largest FMCG brand: Ramdev 3-day India Mobile Congress 2017 to start from Wednesday