Bitcoin extended its five-day losing streak on Thursday and dropped below $8,000 for the first time since June as a growing list of concerns weighed on crypto assets.

Bitcoin fell as much as 9% to $7,736 in New York, according to Bloomberg composite pricing, before bouncing off the lows of the day.

The Securities Appellate Tribunal (SAT) on Thursday dismissed an application by ITC in relation to Hotel Leelaventure’s assets sale to Brookfield.

The tobacco-to-hotel conglomerate’s plea had challenged a July 2019 order by the Securities and Exchange Board of India. The order had rejected ITC’s contention that the proposed asset sale to Brookfield qualified as a related-party transaction, except in respect to proposed transfer of ‘Jamavar’ trademark to Brookfield.

The capex intensity of the telecom sector is expected to decline by around 30-35% in FY 2020 to around Rs 65,000 crore as the industry has achieved a sizeable penetration of 4G and peak cycle of capex is over, ratings agency Icra has said.

The capex intensity is expected to witness moderation till the time there is a technology upgrade to 5G.

Ashok Leyland (ALL) has decided to have more production holidays in view of the continuing slump in the auto sector. With no relief in sight, including the CV industry, at the recently concluded GST Council meet in Goa coupled with no sign of early revival in the demand, the CV major on Thursday announced 5 more non-working days at its mother plant in Ennore, Chennai.

We raise our F21 and F22 EPS estimates ~5% each, as the tax rate cut outweighs lower margins. We downgr-ade to EW; upside appears limited given uncertainty on asset quality (for SBI and the system) and NIMs. We prefer large private banks where we see better EPS progression and re-rating.

Yes Capital (India) (YCPL), part of the promoter group of Yes Bank, on Thursday sold a 1.8% stake in the bank. The proceeds from the sale will be used to prepay the entire amount outstanding on non-convertible debentures (NCDs) of YCPL held by various schemes of Franklin Templeton Asset Management (India), YCPL said in a statement.

A meeting convened by PK Mishra, principal secretary to the Prime Minister, on the revival of Bharat Sanchar Nigam (BSNL) on Thursday ended without any conclusion, mainly on the question of whether the revival is possible or not.

It is learnt that the group of secretaries has been asked to study that matter in four-five days.

The United States wants New Delhi to quickly ease restrictions imposed in Kashmir, a senior official said after President Donald Trump met the leaders of India and Pakistan.

"We hope to see rapid action -- the lifting of the restrictions and the release of those who have been detained," Alice Wells, the top State Department official for South Asia, told reporters Thursday.

The ban on electronic cigarettes has been challenged in a court in Kolkata, marking the start of the first legal battle against the anti-vaping decision.

The government banned the sale, import and manufacture of e-cigarettes this month and warned of an “epidemic” among young people.

New Delhi: Ford Motor Company and Mahindra & Mahindra are likely to sign a deal next week to form a joint venture in India, two sources told Reuters, in a move that will see the US carmaker end most of its independent operations in the country.

The two companies have for months been structuring the deal to create a new entity in which Ford will hold a 49 per cent stake, while Indian rival Mahindra will own 51 per cent, Reuters reported in April.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.