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Sensex hits all-time high; Nifty breaches 11,000-mark
Posted on 12th July 2018
Healthy start to corporate earnings lifted benchmark indices above their recent milestones on Thursday.

The BSE Sensex surged 211.07 points to hit all-time high of 36,477-mark and the NSE Nifty index surged 64.15 points at 11,012.45 in early trade on Thursday.

Out of 30 BSE Sensex stocks, twenty-six Sensex stocks started on higher note on Thursday. The major gainers of the early trade were Reliance, Yes Bank, Kotak Bank, Asian Paints, SBIN and Coal India.

On Wednesday, BSE Sensex opened 59.64 points higher, but soon turned choppy in early trade, as investors cashed profits in metal, healthcare, PSU and auto stocks, amid weak Asian cues after US-China trade spat escalated.

After opening on a positive note, the BSE 30-share barometer dropped by 56.15 points, or 0.15 per cent, to 36,183.47 led by fall in index majors Hero Motorcorp, Vedanta, Coal India and RIL shares.

The gauge had rallied 665.07 points in the previous three sessions on sustained buying by domestic institutional investors (DIIs).

However, a rise in shares of index heavyweight TCS capped Sensex losses, after the IT major posted reported better-than-expected earnings. It was the top gainer in the Sensex pack, rising 2.02 per cent to Rs 1,915.

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

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BSNL sold 4,000 satellite phones in last year; aims to sell 10,000 handsets by March 2019
Posted on 23rd July 2018
A year since the high-profile launch of its satellite phone services, BSNL has sold 4,000 handsets, majority to government agencies, and expects the number to reach 10,000 by March 2019 riding on fresh demand from corporates and states for the premium service, its Chairman Anupam Shrivastava said.

SBI, PNB and other PSBs alert: Branches likely to be closed in these areas
Posted on 23rd July 2018
Public Sector Banks (PSBs), including State Bank of India, Punjab National Bank, Indian Overseas Bank, IDBI Bank and Bank of India, are likely to shut one-third of their overseas branches. With an aim to tone down the cost and preserve capital, the Public Sector Banks have decided to close 70 of their 216 foreign branches, according to Indian Express report.

Bajaj and Honda neck and neck for No. 2 slot
Posted on 23rd July 2018
The race for the No. 2 motorcycle manufacturer in the domestic market is almost mirroring a see-saw battle between Bajaj Auto and Honda Motorcycle and Scooter India (HMSI) since the beginning of FY18 and the battle continues on the same lines in the current fiscal also. The country’s annual 20-million-unit-strong motorcycle market has three major players — Hero MotoCorp with a market share of 51.5%, followed by Bajaj Auto at 15.6% and HMSI at 15.5%.

Green panel rejects Bharat Coking Coal’s proposal to amend environment clearance
Posted on 23rd July 2018
The government’s green panel has disapproved amendments to the environment clearance sought by Bharat Coking Coal for its Jharia Coalfields in Jharkhand due to the absence of forest clearance, as per the official document. The company’s proposal was to amend the existing environment clearance given for the cluster XI group of mines that has a peak production capacity of 6.6 million tonnes per annum (MTPA) and Moonidih water capacity of 1.6 MTPA.

Customise your car: Tata Motors to let buyers configure their Harrier SUVs
Posted on 23rd July 2018
Tata Motors will soon shift gears to “Do it Yourself” (DIY) mode as a business strategy with the launch of Harrier, a five-seater sports utility vehicle.

As part of the plan, a digital configurator comprising a three-dimensional graphics-based front-end application (app) will allow customers to choose the power train, brakes, suspension types


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