Benchmark Sensex declined by over 148 points in early trade today, tracking a weak trend in global markets as the trade spat between the US and China intensified. Unabated capital outflows by foreign funds and profit-booking by retail investors too dampened sentiment. The 30-share index, which had lost 73.88 points in the previous session, drifted down by 148.34 points, or 0.42%, to 35,399.92.The NSE Nifty too was quoting lower by 52.55 points, or 0.49%, at 10,747.30.

Amazon founder and CEO Jeff Bezos has become the richest man in the world with a net wealth of $141.9 billion, the Forbes World's Billionaires list showed on Monday.

Bezos' wealth has grown more than $5 billion since June 1 to beat Bill Gates, the principal founder of Microsoft Corporation, who is the second-richest man in the world with $92.9 billion.

The Maharashtra government’s decision in March to partially ban the use of plastic has put the country’s largest polymer producer in recycle mode. The Mukesh Ambani-led Reliance Industries (RIL) is now creating a platform for recycling, building a corpus and setting up a full-fledged sustainability team.

The board of ICICI Bank has appointed Sandeep Bakhshi whole-time director and chief operating officer (COO) to run the affairs of the private lender. Chanda Kochhar, managing director (MD) & chief executive officer (CEO) will be on leave, pending the probe.

The changes come amid allegations of a quid pro quo in transactions between Videocon Industries, Kochhar and her husband Deepak Kochhar’s company NuPower Renewables.

Mumbai: HDFC Bank Ltd, the world’s most expensive major lender, is considering relying entirely on the Indian market for a share sale that could raise as much as Rs 15,500 crore ($2.3 billion), people with knowledge of the matter said.

The Mumbai-based bank is weighing seeking all the capital through a qualified institutional placement in India, rather than its usual practice of splitting the fund-raising between an offering of local stock and a sale of American depositary receipts, according to the people.

New Delhi: The Salman Khan box office charm shows no sign of fading. The actor’s latest festival release Race 3 crossed the Rs 100 crore mark over its opening weekend, making Rs 106.47 crore in domestic box office collections. The action thriller has emerged as the second highest opening weekend earner of the year so far after period saga Padmaavat that had made Rs 114 crore, but it had a five-day extended weekend compared to Race 3’s three days.

New Delhi: Securities and Exchange Board of India (Sebi) is likely to change certain provisions in the takeover regulations, including those pertaining to revision of open offer price, a senior official said.

The watchdog’s move comes after public consultations on a discussion paper about review of SAST (Substantial Acquisition of Shares and Takeovers) Regulations.

Indian stock markets opened on a lower note on Monday following weak Asian peers after trade war concerns escalated between two major global economies. The BSE Sensex slipped 38.51 points to a low of 35,585.73 points during early trade. The Nifty50 of the National Stock Exchange fell around 10 points. Out of 1,166 trading companies on the BSE, 558 advanced as compared to 556 declines indicating a slightly bullish trend in the market.

In more trouble for liquor baron Vijay Mallya, the Enforcement Directorate (ED) has filed a fresh chargesheet against him and his companies on charges of money laundering and allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore..

German luxury car maker Mercedes-Benz said on Monday that all its diesel models in India from now on will have engines which comply with Bharat Stage (BS) VI emission norms.

The company, which launched Mercedes-AMG S 63 Coupe starting at Rs 25.5 million, has already launched one BS VI compliant diesel model S-Class ( S 350 d) in the country in February this year.

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