Shares of DLF rallied by 7 per cent to Rs 202 in intra-day trade on the BSE on Tuesday after the real estate developer on Monday announced the launch of a Qualified Institutional Placement (QIP) programme to raise Rs 3,175 crore.

The stock was trading close to its 52-week high of Rs 226 touched on April 27, 2018 in intra-day trade.

Mumbai: Benchmark Sensex spiralled lower for the second straight session on Monday and trailed below the key 38,000-mark, with banking and realty counters taking the biggest hit amid a global sell-off triggered by renewed fears of a recession.

BSE Sensex tumbled 355.70 points to end at 37,808.91 while the wider NSE Nifty plunged 102.65 points to 11,354.25. The Sensex has now lost over 575 points in two sessions.

NEW DELHI: Korean auto major Hyundai Motor India Limited (HMIL) Monday inked a wage settlement pact with technicians at its Chennai facility raising average monthly salary by Rs 25,200 for a three-year period till March 31, 2021.

The agreement will come into retrospective effect from April 2018. As per the agreement, technicians will receive 55% of the increased salary in the first year, 25% in the second year and 20% in the third year.

New Delhi: State-owned Indian Oil Corporation (IOCNSE 4.65 %) Monday said it along with its partner Bharat PetroResources Ltd (BPRL) has won an oil block in Abu Dhabi, where the two will invest USD 170 million.

IOC- BPRL won the block in Abu Dhabi's first-ever competitive bid round.

With over 350-375 tonnes of the domestically refined gold market still away from the organised trading platforms in India, the National Stock Exchange of India (NSE) has decided to accept it as good delivery on its derivatives platform. So far, only London Bullion Market Association recognised bullion is accepted as good delivery on the exchange platform.

New Delhi: India's largest IT services company Tata Consultancy Services has teamed up with Barclays to launch a virtual platform to help children with neuro-muscular disabilities become more self-dependent.

The virtual habilitation platform, TCS VHAB, will be launched at ZEP Rehabilitation Centre, Pune. This centre, established in 2008, carries out programmes to help improve the mobility of children with locomotor disabilities. These programmes are aimed at enabling development of daily skills, self-help skills, functional skills and academics.

New Delhi: A boarding pass issued by Air India with pictures of Prime Minister Narendra Modi and Gujarat Chief Minister Vijay Rupani has come under criticism, days after the PM's photo on railway tickets created a furore.

The airline said the passes featuring the photographs, which were third-party advertisements, would be withdrawn if they are found to be in violation of the Model Code of Conduct.

Mercedes Benz India is trying to popularise its performance brand AMG by focussing on the AMG 43 range which sports smaller but powerful engines and are affordable.

The company, which is due to launch 10 models this year, will have four new AMG offerings, including the recently launched AMG C43 Coupe.

After jumping to the third spot in the domestic mutual fund industry in a short span of time, SBI Mutual Fund is set to improve its position further in the highly competitive sector. Besides benefiting from being an arm of the country’s largest bank, the fund house is offering solutions keeping the overall investment goals of its clients.

India doesn’t have much of a history with popular computer games, unlike the U.S. or Japan. But now one of the industry’s kill-or-be-killed titles has become a smash hit — and the backlash from the country’s traditionalists is ferocious.

PlayerUnknown’s Battlegrounds is a Hunger Games-style competition where 100 players face off with machine guns and assault rifles until only one is left standing. After China’s Tencent Holdings Ltd. introduced a mobile version of the death match that’s free to play

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