The Nifty Smallcap Index has lost nearly a quarter of its value in 2018 so far, leaving investors with fairly large losses. While the index has yielded a negative return only once in the last six years through 2017, its 22.8% plunge this year is the biggest since 2011.

As the debt resolution of Essar Steel drags, Bank of Baroda (BoB), Federal Bank, IDBI Bank and Jammu & Kashmir Bank have sold part or all their loans to the Ruias-promoted steel company, totaling over Rs 2,000 crore, to overseas investors or asset reconstruction companies. SC Lowly bought the loans from Federal Bank, Bank of Baroda and Jammu and Kashmir Bank.

With the cost of imported coal touching a six-year high and rupee weakening against the US dollar, power generation companies are witnessing a crisis of sorts, with Essar group shutting down its 1,200-megawatt (MW) power project and the Adani group utilising only part of its installed capacity in Mundra, Gujarat.

Terming Trai's recent recommendations on data privacy and ownership as "timely and valuable", a top official on Wednesday said the Telecom Department will consider all suggestions related to the telecom sector while others will be looked into by Justice Srikrishna panel that is crafting the overarching data protection law.

The Supreme Court on Wednesday observed that banning the entry of women in Sabarimala by the temple authorities is unconstitutional and questioned the temple authorities regarding the same.

"On what basis you (temple authorities) deny the entry. It is against the Constitutional mandate. Once you open it for the public, anybody can go," observed the Chief Justice of India, Dipak Mishra.

Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.

After Jeff Bezos founded the online book-selling company in his garage in 1994, Amazon survived the dot-com crisis and then expanded across the retail industry, altering how consumers buy products and setting off a Darwinian struggle among brick-and-mortar stores.

As far as Indians are concerned, the mobile phone was invented so we could use WhatsApp. The messaging app’s little green icon is now an inextricable part of our lives. We might survive without Facebook, which I haven’t checked in weeks. We might turn up our noses at Instagram, which seems to consist entirely of people’s vacation photos in Lisbon. We might even undergo Twitter detox days. But when an Indian has tired of WhatsApp, she was tired of life.

Mumbai: Reliance Industries Ltd, India’s second-largest company by market value, plans to raise about Rs 40,000 crore in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter.

The billionaire Mukesh Ambani-led company will raise funds through loans and bonds, mostly in the Indian currency, the people said asking not to be named as they are not authorized to speak to the media.

India will have to find the right balance in the ODI side and get their “act together” before the World Cup next year, said skipper Virat Kohli after his team’s 1-2 loss in the three-match series.

“These kind of games will tell us what we need to improve upon for the World Cup. We need to have a good balance in the side, and we need to get our act right before the World Cup.

Extending Tuesday’s rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade on Wednesday amid buying by domestic institutional investors and easing global crude oil prices.

The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee.

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