Domestic equities benchmark BSE Sensex plunged over 350 points on Wednesday as investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy selloff by foreign investors.

The 30-share index slumped 360.95 points, or 1.02%, to 35,109.20 in early trade. It had fallen 271.92 points, or 0.76%, to 35,470.15 in the previous session on Monday.

No one would have thought it a few years ago, but Tata Motors’ Nexon today is giving Maruti’s Brezza a run for its money. Whether it’s late Karl Slym’s vision or Mayank Pareek’s marketing skills or both, Tata cars have come of age. At one point in time, Tata Motor’s market share of the passenger vehicles was a mere 3%. Today that has inched up to 6.8%, thanks to the success of Tiago, Tigor and Nexon. Sleeker designs and smoother engines, the cars have it all.

Rupee vs dollar today: The rupee opened strong at 69.93 per US dollar on Wednesday from the previous close of 70.13 per US dollar on Monday, mainly on account of sharp fall in crude oil prices. The domestic currency gained further strength and was trading at 69.78 a dollar, up 36 paise from the previous close in the early morning trading, according to data available on Bloomberg. On Monday, the rupee recovered by 4 paise to close at 70.14, on lower crude oil prices and dollar’s losses in global markets due to political uncertainty in the US.

The Mumbai-based Mahindra & Mahindra (M&M) is on a launching spree. The auto major, which launched two SUVs in the past few months- Marazzo and Alturas G4, recently unveiled the name of its upcoming sub-4-metre compact SUV, codenamed S201, which will be known as XUV300.

Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda to reduce their bad loans. This will be the second bank strike in less than a week.

Former Finance Minister P Chidambaram on Wednesday raised questions about what caused the change in the "declared goals" of the Goods and Services Tax (GST) regime, why it was being changed.

"Until yesterday a single standard rate of GST was a stupid idea. Since yesterday, it is the declared goal of the government!

A Central Pollution Control Board-led task force Monday recommended a closure of factories located in hotspot industrial areas and a ban on construction activities till Wednesday in view of the severe air pollution in the national capital.

Delhi's air quality remained in the 'severe' level for the third consecutive day on Monday as wind speed and other meteorological factors remained highly unfavourable for dispersion of pollutants.

Drug major Dr Reddy's Laboratories Monday announced the launch of anti-coagulant drug Aspirin and extended-release dipyridamole capsules in the US market.

The product is a therapeutic equivalent to generic version of Aggrenox (aspirin and extended-release dipyridamole) capsules, the company said in a BSE filing.

India is working towards a single national sales tax rate which could be a mid-point between 12 and 18 per cent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure.

The government set the range for the Goods and Service Tax from 28 per cent to 5 per cent on most items when the signature reform was introduced last year.

A volcano-triggered tsunami has left at least 222 people dead and hundreds more injured after slamming without warning into beaches around Indonesia's Sunda Strait, officials said on Sunday, voicing fears that the toll would rise further.

Hundreds of buildings were destroyed by the wave, which hit the coast of southern Sumatra and the western tip of Java about 9:30 pm (2000 IST) on Saturday after a volcano known as the child of Krakatoa erupted, national disaster agency spokesman Sutopo Purwo Nugroho said.

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