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Sensex rises over 200 points, Nifty above 10,550

Sensex rises over 200 points, Nifty above 10,550

The BSE Sensex regained the 35,000-mark by recovering over 200 points at the start of the last trading session of the Samvat year 2074 on Tuesday on buying in auto, banking and metal stocks amid fresh foreign fund inflows and encouraging corporate earnings.

The 30-share index gained 207.21 points, or 0.59 per cent, to 35,158.13. It had lost near 61 points on Monday. The National Stock Exchange’s Nifty too was trading higher by 54.90 points, or 0.52 per cent at 10,578.90.

Bitcoin’s Long-Term Technical Indicators Point to Possible Gains

Bitcoin’s Long-Term Technical Indicators Point to Possible Gains

Bitcoin bulls are in for some long-awaited good news: technical indicators show the biggest cryptocurrency could be poised for gains.

A look at the long-term trend lines in Bitcoin’s Directional Movement Index (DMI) shows it entered a new bullish phase. In addition, the price trends broke out of their VERA band upper limit, widely considered an encouraging sign. The digital token could see a rise as it approaches year-end.

Racial bias? Indian IT giant TCS set to go on trial over firing Americans

Racial bias? Indian IT giant TCS set to go on trial over firing Americans

IT outsourcing giant Tata Consultancy Services needs to offer a good explanation for why engineers hired at its American outposts are 13 times as likely to be fired if they’re not South Asian.

The company is set to go on trial in California over racial discrimination claims by American workers who lost their jobs at TCS offices in the US because they hadn’t been assigned to any of its clients.

Under surveillance: S&P puts Tata Motors’ long-term rating on ‘CreditWatch’

Under surveillance: S&P puts Tata Motors’ long-term rating on ‘CreditWatch’

S&P has placed homegrown auto major Tata Motors’ long-term credit rating on ‘CreditWatch’ with negative implications, reflecting the risk that credit metrics could deteriorate.

The move to place ‘BB’ long-term issuer credit rating on Tata Motors on CreditWatch with negative implication follows interim results which were weaker than expected, dragged down by Jaguar Land Rover, S&P said in a statement.

Coal India relaxes norms for small consumers

Coal India relaxes norms for small consumers

Coal India (CIL) has now made supply norms flexible for small consumers at a time when the Union coal ministry is absolutely focusing on supplying coal to the power sector only. The coal behemoth has relaxed its policy for mine-specific coal supply, which would ease availability of coal to consumers having less than 1 million tonne requirement per annum.

Modi government asks for Rs 3.6 lakh crore from RBI's reserves, Central bank denies: Report

Modi government asks for Rs 3.6 lakh crore from RBI's reserves, Central bank denies: Report

In a new development amidst the standoff between the Modi government and the Reserve Bank of India, it has now been reported that the Centre has asked the RBI to transfer a surplus of Rs 3.6 lakh crore, more than a third of the total Rs 9.59 lakh crore reserves of the central bank, to the government. According to a report in the Indian Express, the Finance Ministry suggested that this surplus can be managed by the government and the Central Bank jointly.

PNB scam: ED arrests Mehul Choksi's close associate from Kolkata

PNB scam: ED arrests Mehul Choksi's close associate from Kolkata

The Enforcement Directorate on Tuesday arrested Mehul Choksi's close associate Deepak Kulkarni from Kolkata. Kulkarni was arrested after he landed in Kolkata from Hong Kong.

Deepak Kulkarni was the director of Choksi’s dummy firm in Hong Kong. A look out circular was issued against him by ED and CBI earlier.

Ford goes local in India, aims for bigger slice of competitive market

Ford goes local in India, aims for bigger slice of competitive market

Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signalling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world's most competitive car markets is starting to show some success.

Under an initiative called the Emerging Market Operating Model (EMOM), Ford cut manufacturing costs by 40 per cent and is developing more vehicles locally as it moves away from its "One Ford" plan

Cipla hits five-month low on weak outlook; down 12% in two days

Cipla hits five-month low on weak outlook; down 12% in two days

Shares of Cipla hit a five-month low of Rs 534, down 5% on Tuesday, extending its Monday’s 7% decline on the BSE, due to the weak outlook for the second half of the current fiscal (H2FY19). The pharmaceuticalmajor said there was pressure on the tender business, supply disruptions, commodity inflation and business impact from countries hit by sanctions.

Microsoft doesn't milk user data: Nadella's subtle jibe at Google, Facebook

Microsoft doesn't milk user data: Nadella's subtle jibe at Google, Facebook

In an apparent jibe against rivals Google and Facebook, Microsoft CEO Satya Nadella has said the company doesn't use customers' personal data for profit unlike some other firms.

In an interview with The Times on Monday, Nadella said the company "had chosen not to squeeze the last drop of revenue from the troves of user data on its Bing search engine and the Linkedin social network, which it bought in 2016".

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