Mumbai: The BSE benchmark Sensex cracked over 300 points and the NSE Nifty fell below 10,700 in early trade on Thursday on heavy selloff in metal and oil stocks ahead of the Opec meeting to discuss production policy, amid weakness in Asian equities.

Hawaii: Chinese handset maker OnePlus will join the growing roster of handset makers rolling out their 5G smartphones with a flagship device next year, featuring the latest Qualcomm Snapdragon 855 mobile platform.

Speaking at the Snapdragon Tech Summit here, OnePlus CEO Pete Lau said the company will have the first flagship smartphone to feature the Snapdragon 855 that will be rolled out next year in Europe in partnership with telecom operator, EE.

Maruti Suzuki will increase the prices of its vehicles across various models from next month to try and offset the impact of rising commodity prices and fluctuation in foreign exchange rates.

The largest car maker of the country, however, did not specify by how much the prices of its vehicles would increase. Maruti officials said they were working out the range of hike.

A central bank panel under governor Urjit Patel is unlikely to revisit the prompt corrective action (PCA) framework for weak banks in its much-awaited meeting on Thursday. Instead, it could just review the performance of 11 of the 21 state-run banks that are under the Reserve Bank of India’s

(RBI) corrective regime, a source close to the development told FE.

Rupee opened on a weak note Thursday as the domestic currency plunged 33 pasie versus the US dollar. The rupee opened at 70.79 per dollar on Thursday versus previous close 70.46. On Wednesday, the Reserve Bank of India, as widely expected, kept its key policy rate unchanged at 6.50 percent in its monetary policy review on Wednesday.

New Delhi: In what could give a major boost to broadband connectivity in rural areas, India’s most-advanced high-throughput communication satellite GSAT-11 was successfully launched from Spaceport in French Guiana, early morning on Wednesday. The satellite weighs 5854-kg GSAT-11 and is the heaviest satellite ever built by the Indian Space Research Organization (ISRO). It has a mission life of 15 years.

Larsen & Toubro (L&T) Wednesday said its construction arm has bagged orders worth Rs 2,106 crore across various business segments in the domestic market. The water and effluent treatment business have secured orders worth Rs 1,954 crore while L&T Geo-Structure business has secured orders worth Rs 152 crore, the engineering and construction major said in a regulatory filing.

Apollo Hospitals Enterprise' decision to divest its front-end pharmacy business to Apollo Pharmacy Ltd (APL) for cash consideration of Rs 5.27 bn will have 'neutral' impact on its credit rating, a rating agency has said.

Apollo Hospitals Enterprise Ltd (AHEL) had said last month that the move was part of a restructuring exercise.

State-run power producer NTPC Wednesday said it has won 85 mega watt (MW) of solar capacity in a reverse auction held by the UP government.

"NTPC participated in the 550 MW tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for grid-connected solar projects.

South Korea's Hyundai Motor and a local government partner are aiming to sign a final deal this week on a low-cost carmaking joint venture despite stiff opposition from labour unions who fear the move would cause job losses and cut wages.

In a first such move for Korea's biggest automaker, Hyundai and the southwestern city of Gwangju agreed on Tuesday on a preliminary deal to jointly build a new factory which will have an annual capacity of 100,000 mini-SUVs starting in 2021.

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