ICICI Bank, the country's largest private sector lender, today picked up 1.95 million shares of United Breweries Limited for a little over Rs 186 crore through an open market transaction.

The shares were offloaded by United Breweries (Holdings) Ltd, a promoter of United Breweries.

Shares of State Bank of India (SBI), Axis Bank, ICICI Bank, Larsen & Toubro (L&T) and Bharat Heavy Electricals Limited (BHEL) are among five Sensex stocks to hit their respective 52-week lows on the Bombay Stock Exchange (BSE) after the benchmark index dropped more than 1% today.

The NSE Nifty 50 index and the BSE Sensex have fallen more than 1% in early morning trade after China's regulators halted trading for the day following a sharp plunge in Chinese shares.

The CMD of BSNL, Anupam Shrivastava stated that the company at present neither has a 4G service, nor do the relevant spectrum to launch this service. Also to deal with this challenge, they are working on a scheme to set up 40,000 Wi-Fi Hotspots in the country, as he claims it to be faster than 4G services.

Though it is not clear if people not using BSNL telecom services will be able to use that Wifi or not. Also, in November the company tied up with social media giant Facebook to create Wifi hotspots for rural areas and the Zuckerberg owned company will fund them with Rs 5 crore every year to buy the bandwidth from the company.

Reliance Industries (RIL) have moved higher by 3% at Rs 1,034, its highest level since July 2015 on the National Stock Exchange (NSE), in an otherwise subdued market.

The stock is 3% away from its 52-week high of Rs 1,068 touched on July 23, 2015 in intra-day trade. It outperformed the market by gaining 17% from its recent low of Rs 916 on December 9 as compared to 2.2% rise in Nifty 50 index.

Benchmark share indices ended at their lowest closing level in three week amid a sell-off in late trades after weak economic data from China and devalution of the yuan sparked global growth concerns while the ongoing geopolitical tensions in the Middle-East also dampened sentiment.

The S&P BSE Sensex ended down 174 points at 25,406 and the Nifty50 closed 44 points lower at 7,741.

WeChat, the Uber popular Chinese message app with more than 500 million active users, is taking a leaf out of the Skype playbook after it launched an international telephone calling service.

The service is initially available for users based in the U.S., Hong Kong and India, but it will roll out to others over time. ‘WeChat Out’ is different from the existing calling options inside WeChat (voice and video) because it allows for calls to actual phone numbers (mobile and landline) rather than just to fellow WeChat users.

Mumbai: Mahindra and Mahindra Ltd, India’s largest SUV maker, on Wednesday launched Imperio, a pick-up truck. Priced at Rs.6.25 lakh (ex-showroom, Thane), the new offering is aimed at small and medium enterprises.

Positioned as a premium product offering, the model boasts of car-like convenience features, including ergonomically designed seats, air conditioner, a plush cabin and dashboard.

Kathmandu: A group of unidentified men on Tuesday hurled a petrol bomb at the Kathmandu-based office of Indian infrastructure major GMR Group, which is developing major hydropower projects in Nepal, amid the ongoing Madhesi stir.

Additional Inspector General of the Metropolitan Police Commissioner’s office Pratap Singh Thapa said window panes of the building were shattered but there was no casualty, Nepal news website MyRepublica reported.

Coal India Ltd (CIL) has been recording impressive production growth every month this fiscal year, compared with its dreary historical performance. But could lower demand from the power sector prove to be a party pooper?

The company’s production for December increased 10.8% year-on-year (y-o-y). Offtake (or sales volume) growth, however, remained stagnant at 9.7% y-o-y, missing the target of 12.7% given already high stocking at power plants and hence lower coal demand, Subhadip Mitra, analyst at JM Financial Institutional Securities Ltd, wrote in a note to clients.

Mumbai: Shares of infrastructure company Valecha Engineering Ltd fell as much as 15% on Wednesday after the capital markets regulator Securities Exchange Board of India (Sebi) banned the company and its promoters from the raising capital from public for three years with immediate effect. The stock touched a low of Rs.45.20—a level last seen on 29 September 2015.

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