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Sensex rises 196 points, Nifty reclaims 10,600-mark

Sensex rises 196 points, Nifty reclaims 10,600-mark

The benchmark BSE Sensex advanced by over 196 points in early trade today on buying by institutional and retail investors in IT, banking and FMCG stocks.

Asian markets were trading in the green following positive lead from Wall Street as investors continued to shun inflation worries.

2018 Volvo V60 images leaked: First look at Volvo’s 400 hp hybrid wagon

2018 Volvo V60 images leaked: First look at Volvo’s 400 hp hybrid wagon

Volvo’s V60 was scheduled to make its global debut on the 21st of February 2018, but only a few hours after Volvo published the first teaser images for the V60. The internet produced some pretty revealing images of Volvo all new wagon. First published by a website AutoMotoSvijet magazine from Bosnia and Herzegovnia, before promptly coming down. These images seem to indicate the next generation of Volvo’s V60 station wagon. A closer look at the images which shows the car in side profile, shows a V60 that is almost as large as its larger sibling the V90.

Microsoft announces $500 million programme for growth of start-ups

Microsoft announces $500 million programme for growth of start-ups

Global technology giant Microsoft on Thursday announced the launch of a $500 million programme that delivers access to technology, go-to-market and community benefits to help start-ups grow their customer and revenue base.

“We are committing $500 million over the next two years to offer joint sales engagements with start-ups, along with access to our technology, and new community spaces that promote collaboration across local and global ecosystems,” said the company.

PNB Housing Finance to raise $400 million through issue of masala bonds

PNB Housing Finance to raise $400 million through issue of masala bonds

PNB Housing Finance (PNB HFL) is planning to raise $400 million through its maiden issue of masala bonds.

The money will be utilised to finance retail buyers/developers of affordable housing as well as developers of green buildings.

The ones who got away: From Vijay Mallya to Nirav Modi, top fraudsters who fled India

The ones who got away: From Vijay Mallya to Nirav Modi, top fraudsters who fled India

PNB fraud, the biggest banking scam in India, has yet again put focus on those offenders who fled the country after committing the crime. Here’s a look at those who left India after their names surfaced in major economic offence:

1: Vijay Mallya: The ‘king of good times’ fled the country and is currently hiding in London. In India, Mallya faces several cases. The biggest case against him is how his Kingfisher Airlines defaulted on loans to the tune of Rs 9,000 crore from the banks in India.

DLF-GIC plans high-rise residential project in Delhi

DLF-GIC plans high-rise residential project in Delhi

MUMBAI: In addition to their commercial leasing business engagement, Singapore sovereign wealth fund GIC and realty developer DLF are working on a high-rise residential project with saleable area of 7 million sq ft near central Delhi.

The project will be located in Moti Nagar area where DLF had bought two separate land parcels from DCM Shriram Consolidated and Lohia Group in 2007. The developer had paid Rs 1,582 crore for the 38-acre property known as Swatantra Bharat Mills and DCM Silk Mills.

Microsoft commits $500 mn for new startup initiative

Microsoft commits $500 mn for new startup initiative

Microsoft has committed $500 million for a new programme to help nurture start-ups, offering resources such as Azure credits and sales support. “Microsoft for Startups” will deliver access to technology, go-to-market and community benefits to help startups grow their customer and revenue base.

Rupee gains 14 paise in opening trade

Rupee gains 14 paise in opening trade

The rupee gained another 14 paise to trade at a two-week high of 63.95 against the US dollar in opening trade on Thursday on dollar selling by exporters and banks amid firm equities.

The dollar's weakness against other currencies overseas also supported the rupee sentiment, a currency dealer said.

17 killed in Florida high school shooting after ex-student open fired

17 killed in Florida high school shooting after ex-student open fired

A 19-year-old gunman opened fire on Wednesday at a Florida high school he had previously been expelled from, killing 17 people before he was arrested by police, authorities said.

The violence erupted shortly before dismissal at Marjory Stoneman Douglas High School in Parkland, about 45 miles (72 km) north of Miami. Live television footage showed students streaming out of the building as dozens of police and emergency services personnel swarmed the area.

INDIAN OIL CORPORATION LAUNCHES PRE-PAID CARD

INDIAN OIL CORPORATION LAUNCHES PRE-PAID CARD

In a step towards effective digitization, Indian Oil Corporation Limited in association with Ratnakar Bank Limited (RBL) on Wednesday launched a co-branded pre-paid card facility for its customers at Bhopal.

The card was launched by DK Sharma, Executive Director (Retail Sales), IndianOil, Mr. Vigyan Kumar, Chief General Manager, IndianOil Madhya Pradesh State Office, Shrinath Bolloju, Chief Operating Officer, RBL Bank and Sujata Mohan, Head (Digital Banking), RBL Bank.

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