Asia’s oldest bourse BSE has decided to snap ties with S&P Dow Jones, which manages and operates benchmark Sensex, and plans to develop indices through its own in-house development team, exchange’s officials said.

The two entities had announced a joint venture — Asia Index — in 2013 to provide an array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies.

NTPC has invited expression of interest (EoI) for construction of fly ash-based geopolymer concrete roads at its plants to demonstrate use of this technology, a company official said.

“NTPC has invited players to construct fly ash-based geopolymer concrete roads. About 1,100 tonne of fly ash is used per km of geopolymer road,” the official told PTI.

New Delhi: It’s not just jeweller Nirav Modi and his uncle Mehul Choksi who have run away with Rs 13,000 crore of Punjab National Bank’s money. It now turns out that the fraud-hit bank has been robbed of another Rs 271 crore by a group of businessmen in UK using similar modus operandi.

New Delhi: Cutting flak from the department of telecom (DoT) over gaps in maintenance of BharatNet infrastructure, the BSNL has given a strong reply to the DoT putting the onus of the failure on Bharat Broadband Network Ltd (BBNL) and asserting it is this entity that should be questioned for the mismanagement.

The BSE benchmark Sensex on Monday opened in green ahead of a key RBI board meeting. Sensex started at 35,647.62 and the NSE Nifty50 at 10,731.25. In the first few minutes of trade, the 30-share Sensex traded at 35,647.62, up 190.46 points or 0.54 per cent and the Nifty50 at 10,724.85, with a gain of 42.65 points or 0.40 per cent.

The rupee depreciated by 9 paise to 72.02 against the US dollar in early trade Monday at the interbank foreign exchange, halting its four-day winning streak, ahead of RBI's board meet.

Fresh demand for the American currency from importers amid rise in crude prices weighed on the domestic unit, dealers said.

The BSE Sensex on Friday continued its rising streak for the second day to end at near a four-week high of 35,436.33, fuelled by gains in Reliance Industries, Bharti Airtel and other bluechips amid continued foreign fund inflows and strengthening rupee.

A higher opening in European shares too influenced sentiments here.

Washington: India has sought from the US 24 multi-role MH-60 ‘Romeo’ anti-submarine helicopters for its Navy at an estimated cost of $2 billion, according to defence industry sources.

The deal is likely to be finalised in a few months.

The Supreme Court on Friday stayed the Competition Commission of India’s order that imposed over Rs 420-crore penalty on the country’s second-largest car maker Hyundai Motors India for anti-trade practices including lack of standardisation of spare parts and allowing original equipment suppliers (OESs) to sell spare parts in the open market without any restrictions.

The EBITDA margin at 10.6% for Q2FY19 missed our/consensus estimates by 60 bps on lower realizations and higher commodity costs. The bigger surprise was resignation of Vinod Dasari with effect from March 31, 2019. Dheeraj Hinduja will take over as the executive Chairman till the Board finds a suitable replacement.We expect FY20 earnings to benefit from a confluence of factors (higher volumes, lower discounts, higher operating leverage) on BS6 pre-buy.

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