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Sensex climbs 122 pts in early trade
Posted on 17th May 2018
Mumbai, May 17 () Snapping a two-day falling streak, benchmark stock indices opened on a positive note today after BJP's B S Yeddyurappa was sworn in as the chief minister of Karnataka.

Unabated buying by domestic institutional investors set the tone, brokers said.

BJP legislature party leader B S Yeddyurappa was today sworn in as the chief minister of Karnataka for the second time, after an overnight high-voltage legal battle in the Supreme Court.

The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions.

All the sectoral indices, led by consumer durables, realty, metal, power and banking, were in the green.

The NSE Nifty also jumped 36.15 points, or 0.33 per cent, to 10,777.25.

Major movers in the Sensex kitty included Coal India, Power Grid, Wipro, SBI, Kotak Bank, Sun Pharma, ICICI Bank, TCS, Infosys, M&M, L&T and Maruti Suzuki, rising up to 1.79 per cent.

Tata Steel, however, fell 0.83 per cent despite the company yesterday reporting a consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March, 2018.

Domestic institutional investors (DIIs) bought shares worth a net Rs 229.06 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 699.22 crore yesterday, as per provisional data.

In the rest of Asia, Japan's Nikkei rose 0.44 per cent, Hong Kong's Hang Seng inched up 0.01 per cent, while Shanghai Composite Index shed 0.35 per cent in early deals.

The US Dow Jones Industrial Average ended 0.25 per cent higher yesterday as retailers results and solid economic data boosted confidence in the American economy.

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

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RIP Atal Bihari Vajpayee: BJP icon passes away; PM Narendra Modi says it’s personal loss
Posted on 16th August 2018
RIP Atal Bihari Vajpayee: Former Prime Minister and BJP leader Atal Bihari Vajpayee passed away on Thursday at Delhi’s AIIMS. The BJP stalwart breathed his last at around 5 PM. He was on life support system since Wednesday as his condition remained critical. The 93-year-old BJP leader, a diabetic, had one functional kidney. He had suffered a stroke in 2009 that weakened his cognitive abilities. Subsequently, he developed dementia.

Mercedes-Benz to hike prices by up to 4% in September
Posted on 16th August 2018
German luxury carmaker Mercedes-Benz today said it will hike prices of its vehicles across models by up to 4 per cent from September to offset adverse impacts of rising input costs and upward forex movement.

The rising inflation due to geo-political dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations, Mercedes-Benz India said in a statement.


GOVT SANCTIONS 500 POSTS FOR FSSAI
Posted on 16th August 2018
With food regulator FSSAI facing manpower shortage, the government has sanctioned an additional 493 posts for the authority to discharge its responsibility effectively for ensuring safe and nutritious food to people.

The Food Safety and Standards Authority of India (FSSAI), which currently has 356 sanctioned posts, will now be able to conduct food safety inspections, besides law enforcement for central licensees directly instead of being fully dependent on the states.


TELECOM COMM TO DISCUSS TRAI'S PROPOSAL FOR SPECTRUM ALLOCATION
Posted on 16th August 2018
The Telecom Commission, apex decision making body at the telecom department, is likely to meet on August 31 to discuss Trai's recommendation on spectrum allocation, according to official sources.

"The next Telecom Commission meeting is proposed for August 31," an official source said without disclosing agenda of the meeting.


Maruti Suzuki hikes prices by up to 6,100
Posted on 16th August 2018
New Delhi: Country’s largest carmaker Maruti Suzuki India (MSI) on Thursday hiked prices of its vehicles by up to 6,100 in order to partially offset increase in commodity and distribution costs and adverse foreign exchange rates.

The price change varies across models and is up to 6,100 (ex-showroom Delhi), the company said in a statement.


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