Adani Ports & Special Economic Zone (SEZ), Bharat Heavy Electricals Limited (BHEL), Idea Cellular and Sun Pharmaceutical Industries from the Nifty 50 companies have hit their respective 52-week lows on the National Stock Exchange (NSE).

Adani Ports has dipped 5% to Rs 262, its 52-week low on the NSE. The stock slipped 8% in two trading days from Rs 285 after the company through its subsidiary Adani Kattupalli Port, has entered into an in principle agreement for the strategic acquisition of the Kattupalli Port in Tamil Nadu from L&T Shipbuilding.

Car sales surged 21.8 per cent in October, 12th consecutive month of growth, as robust festive season purchases brought much needed cheer to the auto industry.

According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,94,158 units as compared to 1,59,408 units in the same month of 2014.

Ahead of Prime minister Narendra Modi's visit to the United Kingdom, a group of Indians have started an attempt to file a lawsuit to force Britain to return the Koh-i-Noor diamond from crown jewels to India.

According to AFP, the group has instructed lawyers to begin legal process in England's High Court. The reports quote Satish Jakhu of Rubric Lois King law firm that the group make the claim under the common law doctrine of "trespass to goods", arguing that Britain had stolen the stone. Apart from England's High Court, the group is also taking the matter to International Court of Justice in Hague.

Following the grand alliance's landslide victory in the Bihar Assembly polls, Nitish Kumar will reportedly take oath as Chief Minister of the state on November 20.

According to reports, meeting of newly elected legislators of the grand alliance will be convened in Patna in which leader of the grand alliance will be elected.

YatraGenie.com, a Bengaluru-based online bus ticketing and cab-booking platform, has partnered the Indian Railway Catering and Tourism Corporation (IRCTC) to provide cab services to the latter’s customers from the Secunderabad railway station.

Through this partnership, YatraGenie will become the primary cab services vendor for IRCTC and all cab bookings on the IRCTC platform will now be routed to YatraGenie cab services, the company said in a statement on Monday.

Jayant Krishna, principal consultant at Tata Consultancy Services (TCS), has been appointed interim managing director and chief executive officer of the National Skill Development Corporation (NSDC), according to sources. NSDC board met on Monday and confirmed his appointment. An official announcement is expected shortly.

With the departure of its previous head, Dilip Chenoy, a three-member committee had been formed to shortlist possible contenders for the top job. The committee comprised Rohit Nandan, secretary, ministry of skill development and entrepreneurship, Lakshmi Narayan of Cognizant and R V Kanoria, the Ficci representative on the NSDC board.

Ahmedabad: Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and operator, on Monday said it will acquire the Kattupalli Port in Tamil Nadu from L&T Shipbuilding Ltd (LTSB) a subsidiary of Larsen and Toubro Ltd. The company did not disclose the financial details of the transaction.

Adani Ports said in a stock exchange filing that its subsidiary Adani Kattupalli Port Pvt. Ltd has entered into an in-principle agreement for the strategic acquisition. The transaction is subject to necessary approvals from the government of Tamil Nadu and the central government, and the port being demerged from LTSB, it said.

Even as the grand alliance went on to win the most watched Bihar elections, the Rupee on Monday fell to 66.47 levels, as was anticipated by analysts with the BJP led NDA government losing for the second time post losing Delhi.

Last week had seen significant sell-offs from foreign portfolio investors to the tune of $548 million in a matter of six days.

The benchmark BSE Sensex and NSE Nifty pared some of the day’s losses and closed in red for the third consecutive trading session on Monday. The sell-off was triggered by the setback suffered by the BJP-led NDA in Bihar assembly elections. Sensex closed 143.84 points down at 26,121, while Nifty closed 39.10 points down at 7,915.20.

Sensex opened the day at 25,809 and touched a high and low of 26,193.17 and 25,656.90, respectively, in trade on Monday. Similarly, Nifty opened at 7,788.25 and touched a high and low of 7,937.75 and 7,771.70, respectively in trade.

New Delhi: As much as the grand victory by the Grand Alliance, it is the severe drubbing the National Democratic Alliance (NDA), led by the Bharatiya Janata Party (BJP), has received in Bihar that has drawn attention of the media pundits. One pointed question is about the influence that Prime Minister Narendra Modi, who went out of his way to campaign extensively in the state, wields over India’s electorate and within his own party, following the debacle.

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