Mumbai: Domestic equity benchmark BSE Sensex dropped over 150 points on Thursday, dragged by losses IT stocks, despite strong global cues.

The 30-share index, however, pared some losses and was trading 34.59 points, or 0.09 per cent, lower at 39,078.15 at 0930 hours. Similarly, the broader NSE Nifty was quoting 23.45 points, or 0.20 per cent, down at 11,668.

New Delhi: India has issued draft rules to exempt electric vehicles from paying registration fee, the government said in a statement on Wednesday, as it looks to cut its dependence on fossil fuels.

The government has been pushing to boost the adoption of electric vehicles, as it tries to bring down its oil imports and curb pollution so it can meet its commitments as part of the 2015 Paris climate change treaty.

Yes Bank shares fell as much as 4.3% to ₹98.75 on BSE today, extending their bear run after credit agency Moody's put the company under review for a downgrade. This is the first time in five years that Yes Bank share prices are down to double digits. Analysts have been downgrading Yes Bank’s stock on concerns over further deterioration in asset quality.

Satara (Maharashtra): An earthquake measuring 4.8 on the Richter Scale rattled Satara district of Maharashtra on Thursday morning, the Indian Meteorological Department (IMD) said.

The quake struck at around 7:47 am with the depth of 10 km.

ONGC Videsh, Oil India and Bharat Petroleum Corporation along with operator US-based Anadarko Petroleum and other partners announced the final investment decision (FID) of $20 billion for Rovuma Offshore Area-1 Mozambique LNG project.

The investment will go towards construction of a gas liquefaction and export terminal and the project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonne per annum,

Mahindra & Mahindra (M&M) will increase the prices of its passenger vehicles (PVs) by up to Rs 36,000, effective July 1, on account of new safety features provided to comply with the automotive industry standard (AIS) 145 norms.

As per the AIS 145 norms, cars will have to be equipped with safety features, including overspeed alert, seat belt warning, airbags, speed warning and reverse parking assist.

ITC’s petition alleging oppression and mismanagement of minority shareholders against Hotel Leelaventure is an ‘abuse of process’, senior advocate Janak Dwarkadas representing JM Financial Asset Reconstruction Company told the National Company Law Tribunal (NCLT) on Wednesday, adding that ITC’s waiver application ‘must go’ as well.

JM Financial ARC is a respondent to the ITC petition.

A dismal tally shows that attacks on security forces in Jammu and Kashmir have grown in the first six months of the year, as compared to last year. A total of 69 security personnel have been killed in 170 attacks between January and June in the restive state, compared to the 95 killed in the whole of 2018.

If all goes to plans and promises, Internet will soon be like water at railway stations across the country. The Indian Railways has set itself a target — providing free WiFi at 6,485 railway stations in the next 100 days.

While they have already completed installing WiFi services at 1,603 stations, authorities claim that the balance 4,882 stations will be completed within this stipulated time frame.

Mortgage major HDFC Ltd will acquire Apollo Hospital's entire 50.8% stake in Apollo Munich Health Insurance Ltd and 0.4% stake held by a few employees for Rs 1,336 crore and Rs 10.84 crore, respectively, the company said in a release. This will make HDFC ERGO the third largest private general insurer in the country.

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