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Sensex tanks 92 points on inflation woes
Posted on 15th November 2017
Key benchmark indices in stock markets traded under pressure taking cues from subdued trading activity in global stocks.

The market topped the key 33000-level multiple times only to make a close below it. The BSE Sensex fell 91.69 points, or 0.28%, to close at 32941.87.

On the other hand, Nifty ended down 38.35 points, or 0.38%, ending at 10186.60, after shutting between 10248 and 10175.55.

Larsen and Toubro fell 2.46%, PowerGrid moved down 2.20%, Asian Paints lost 1.77%, TCS ended down 1.53%, ONGC slipped 1.25% and Sun Pharma tanked 1.19%. Dr Reddy’s, Tata Steel, Tata Motors, Adani Ports, ITC, HDFC Bank, SBI and Coal India were among other losers.

Macro-economic data, showing a risk in India’s inflation last month also added to investor worries. Inflation based on consumer price index (CPI) accelerated to 3.58% in October 2017, mainly driven by higher prices of food and fuel.

Additionally, global cues like uncertainty over US tax reform, slowdown in Chinese factory output and growing political issues in the UK weaned investors away from placing more bets.

Share sale by foreign portfolio investors wasworth a net Rs 233.58 crore on Monday. Domestic institutional investors also let go of shares net Rs 268.77 crore.

Related Companies: Bombay Stock Exchange - BSE   National Stock Exchange of India Ltd (NSE)    

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Isro ahead of TCS among top-rated tech workplaces in India: Report
Posted on 11th December 2018
Technology professionals look towards Indian Space Research Organization (ISRO) as a more aspirational tech workplace than software major Tata Consultancy Services (TCS), according to a report by job search portal Indeed.

Indeed announced the leading technology organisations to work for in India, on the basis of over 100 million ratings and reviews available on Indeed. Leading the list is Adobe Inc., followed by industry giants NVIDIA and Microsoft.


Telangana polls: TRS on course to retaining power if initial trends hold
Posted on 11th December 2018
The TRS was on course to return to power with a thumping majority in Telangana if the initial trends hold, with party candidates leading in 92 out of the total 119 assembly constituencies.

TRS chief K Chandrasekhar Rao (Gajwel), his son K T Rama Rao (Sircilla) and nephew T Harish Rao (Siddipet) have established handsome leads, as the party's gamble to go in for early elections seems to be paying off.


Air India floats tender to sell Nariman Point tower
Posted on 11th December 2018
Mumbai: Air India has floated tender for the sale of its iconic 23-storey tower at Nariman Point in Mumbai. Only government entities are allowed to participate in the bidding for acquiring leasehold rights of the land and building on “as is where is basis.”

“Air India invites sealed bids from government entities for sale of leasehold rights of the land, and its iconic Air India building constructed hereon at Nariman Point, Mumbai, on as is where is basis,” the tender said.


Extradition of once king of good times’ Vijay Mallya from UK to speed up loan recovery process, says SBI
Posted on 11th December 2018
Countrys largest lender State Bank of India (SBI) Tuesday said extradition of fugitive liquor baron Vijay Mallya from the UK to India will speed up the recovery of over Rs 9,000 crore of loans. In a major boost to India’s efforts to bring back Mallya, who is wanted for loan default worth around Rs 9,000 crore to a consortium of 13 banks led by SBI, a UK court Monday ordered his extradition.

Tata Motors aims Harrier at Jeep Compass, Mahindra XUV500
Posted on 11th December 2018
New Delhi: Tata Motors Ltd, which is on a comeback trail, is betting big on its upcoming SUV Tata Harrier to place itself among the top three passenger vehicle manufacturers on a sustainable basis, a top company executive said.The company, which has been working on a strategy to revive its fortunes in the passenger vehicle (PV) segment for the last couple of years, now believes it has the products and scale to be among the leaders in the segment.

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