NEW DELHI: The equity markets on Friday despite heavy selling in the last hour of trading, managed to close with solid gains.

30-share BSE Sensex closed on 33,462.97, up by 216.27 points while the broader 50-share NSE Nifty gained 81.15 points to finish on 10,333.25. Both the indices gained 0.70 per cent during the day.

Mumbai: The Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are in consultations to give a boost to interest rate futures (IRF) which is currently struggling under low volumes, Sebi chairman Ajay Tyagi said on Thursday.

“With RBI we are re-looking at IRF which is currently seeing less traction,” Tyagi said at the NSE-NYU conference on Indian Financial Markets in Mumbai.

New Delhi: Yes Bank Ltd will join the list of 30 most tracked stocks in the bellwether index S&P BSE Sensex from next week.

Yes Bank will be included in the S&P BSE Sensex comprising of 30 companies with effect from 18 December 2017, Yes Bank said in a regulatory filing.

The Union Cabinet on Friday cleared the Triple Talaq Bill which makes giving instant talaq a punishable offence. The bill, which gives women right to seek maintenance in case of Triple Talaq, is likely to be tabled in Parliament during Winter session, that began today.

The draft law provides for three years in prison and a fine for a Muslim man trying to divorce his wife by uttering “talaq” three times.

KOLKATA: State-run Coal India is expected to report a 23% year-onyear jump in revenue from e-auctions for the April-December period, boosted by better margins as China's rising demand and lower supply from Indonesia tightened global supply.

Company executives have pegged the nine-month revenue from eauctions at Rs 12,000 crore, saying it will help Coal India meet higher costs, particularly the Rs 5,600 crore extra outgo on account of a 20% hike in workers' salaries.

HYDERABAD: The GMR Group today said it along with its partner Philippines-based Megawide Construction Corporation emerged as the lowest bidder for the USD 250 million Clark International Airport project in the southeast Asian nation.

Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately.

LOS ANGELES: India's official entry for the Best Foreign Language Film at the Oscars 2018, "Newton", is out of the race for the honour.

The Academy of Motion Picture Arts and Sciences on Thursday announced that nine features will advance to the next round of voting in the Foreign Language Film category for the 90th Academy Awards, according to the official website of the Oscars.

Mahindra & Mahindra (M&M) hit a fresh 52-week high of Rs 1,480, up 3.3% on the BSE in noon deal trade, after the company announced that it plans to increase prices of its passenger and commercial vehicles by up to 3% with effect from January 1, 2018. The stock was the top gainer among the S&P BSE Sensex at 12:16 PM.

“We have been holding back on price hikes and absorbing the higher input costs for a while, but with the increase in commodity prices we will have to take a price increase,” Rajan Wadhera, President - Automotive Sector, M&M said on the price hike.

Armed with Intelligent Cloud and Edge capabilities, Microsoft will give a renewed thrust to nurturing unicorn firms and the start-up community in India next year, Anant Maheshwari, the companys India President, said here on Thursday.

"For us, the growth verticals will clearly be banking and finance, manufacturing and IT/ITeS sectors. But the next goal we have added to our focus areas for 2018 is to empower unicorn companies and the start-up community," Maheshwari told IANS.

Food regulator FSSAI has ordered safety audits of canteens at 10 large educational institutes, including IITs, IIMs and AIIMS, in light of complaints with regard to food safety and hygiene standards.

The Food Safety and Standards Authority of India (FSSAI) said the audit will be done by empanelled 15 agencies, which will be given one month to submit their report.

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