Google India and Tata Trusts Tuesday said their Internet Saathi initiative, that aims to facilitate digital literacy among women in rural India, will be expanded to villages in Punjab and Odisha. Launched in July 2015, the Internet Saathi programme has so far, trained 70,000 ‘Internet Saathis’, who have in turn impacted 2.6 crore million women in the country.

Markets regulator Sebi levied a fine of Rs 5 lakh on GKS Properties for executing non-genuine trades in the illiquid stock options segment at BSE. The ruling follows an investigation conducted by Sebi in the stock options segment of the bourse between April 2014 and September 2015. During investigation, Sebi noted that 81.38 per cent of all trades executed in the segment at BSE were the ones which involved reversal of buy and sell positions by the clients and counterparties in a contract on the same day, thereby creating artificial volume in the stock options segment.

Shares of India’s major private sector lender Yes Bank surged on Tuesday after media reports indicated that four PE firms have shown interest to pick up a stake in the bank. Yes Bank shares jumped more than 10.8% to hit the day’s high at Rs 103.35. “US-based private equity investor made an offer to acquire worth $850 million stake in the bank, the term sheet offer for which was made over the weekend,” The Economic Times said in a report, citing sources as saying.

Mindtree’s new promoter Larsen and Toubro (L&T) Tuesday assured shareholders that it will provide further impetus to the IT firm’s growth by providing board-level oversight and relevant client connects. Earlier this month, L&T became the new promoter of Mindtree after acquiring 60.06 per cent stake in the Bengaluru-based company.

Private sector lender HDFC Bank Tuesday said it has terminated and de-listed its global depository receipts (GDRs) from the Luxembourg Stock Exchange due to low trading volume. “….Subsequent to July 15, 2019, the listing and admission to trading of the GDRs on the Luxembourg Stock Exchange will be cancelled,” HDFC Bank said in a regulatory filing.

PUNE: Hyundai, second biggest car maker, which launched its first full-electric Kona SUV last week at Rs 25.30 lakh pan India showroom, could become cheaper by Rs 1.40 lakh.

Finance Minister Nirmala Sitharaman in her maiden Budget to promote e-mobility had proposed to slash the Goods and Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

Domestic equity benchmark BSE Sensex jumped over 100 points in early trade on 16 July driven by gains in banking stocks, amid mixed cues from global markets.

The 30-share index was trading 104.83 points, or 0.27%, higher at 39,001.54 at 09:45 a.m. Similarly, the broader Nifty rose 29.25 points, or 0.25%, to 11,617.60.

The Rupee depreciated marginally by 5 paise to 68.59 against the U.S. Dollar in early trade on 16 July as the country’s exports entered the negative zone after a gap of eight months.

At the interbank Forex market, the Rupee opened weak at 68.59 registering a decline of 5 paise over its last close. The local currency however pared the initial loss and was trading at 68.55 at 09:45 a.m.

The Supreme Court on Monday refused to entertain a public interest litigation (PIL) that sought to drag the country's biggest insurer – Life Insurance Corporation (LIC) into the dock for allegedly selling five crore policies of Jeevan Saral under a false promise of higher returns.

Air India today linked Indore with Dubai with a non-stop flight, fulfilling a long-standing desire for a direct flight to the Gulf from the travel fraternity and tourists.

From Indore, Air India is operating a 162-seater A320neo aircraft, which will fly 3 times a week directly to Dubai on every Monday, Wednesday and Saturday.

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