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Reliance Industries, Maruti Suzuki rally over 75% the last one year

Reliance Industries, Maruti Suzuki rally over 75% the last one year

Four stocks - Reliance Industries, Bharti Airtel, Maruti Suzuki India and Tata Steel – from the S&P BSE Sensex have rallied more than 75% since December 26, 2016.

The benchmark Sensex ended above its crucial 34,000 level at 34,010.61 on Tuesday, up 31.8% from its one year back level on back of strong an over Rs 1-lakh crore net inflow by the domestic mutual funds. On December 26, 2016, the Sensex had closed at 52-week low of 25,807.10.

Bitcoin regains $15,000 level after sliding below $12,000 last week

Bitcoin regains $15,000 level after sliding below $12,000 last week

Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 per cent to be up more than a third from last week's lows of below $12,000.

Bitcoin, the world's biggest and best-known cryptocurrency, fell nearly 30 per cent at one stage on Friday to $11,159.93 and, despite a late recovery, had its worst week since 2013. At 0445 GMT on Tuesday, it was quoted around $15,049 on the Luxembourg-based Bitstamp exchange.

Jio festive offer: Get cashback up to Rs 3,300 on Rs 399 recharge

Jio festive offer: Get cashback up to Rs 3,300 on Rs 399 recharge

NEW DELHI: Telecom operator Reliance Jio on Monday enhanced the cashback offer to up to Rs 3,300 on mobile recharge of Rs 399 and above for all recharges that will be done till January 15 next year, as per company sources.

Today is the last date for Jio's cashback offer of up to Rs 2,599 on recharge of Rs 399.

Sebi to revisit default diktat

Sebi to revisit default diktat

Mumbai: Market regulator Sebi is set to revisit its earlier directive that made it mandatory for listed companies to inform stock exchanges in the event of loan default.

This will be one of the items that will be looked into by the Securities and Exchange Board of India (Sebi) at its agenda-heavy board meeting on December 28.

Rupee trades flat against US dollar

Rupee trades flat against US dollar

Mumbai: The Indian rupee was trading little changed against US dollar on Tuesday in a thinly traded market as many dealers were on leave for the year end.

The rupee opened at 64.03 a dollar. At 9.15am, the home currency was trading at 64.02 a dollar, up 0.03% from its Friday’s close of 64.06. On Monday, markets were closed due to Christmas.

Vijay Rupani sworn in as Chief Minister of Gujarat

Vijay Rupani sworn in as Chief Minister of Gujarat

The new BJP government led by Vijay Rupani was sworn in at a grand ceremony in the State capital of Gandhinagar on Tuesday. Governor Om Prakash Kohli administered the Oath of Office and Secrecy to 21 ministers including Mr. Rupani and his deputy Nitin Patel.

Prime Minister Narendra Modi, BJP president Amit Shah and other senior party leaders attended the function, which was held at the new Secretariat complex.

Rail Neer from mines: IRCTC’s Jharkhand unit to process Coal India Limited water

Rail Neer from mines: IRCTC’s Jharkhand unit to process Coal India Limited water

The Indian Railway Catering and Tourism Corporation (IRCTC) and Coal India (CIL) are joining hands for a project to use the excess groundwater from the latter’s mines to produce purified packaged water being sold under IRCTC’s popular Rail Neer brand. A site has been identified at Argada near Ranchi in the coal-rich state of Jharkhand to set up a bottling plant of IRCTC. “Water will be supplied from the adjoining coal mines to this plant for purification.

Dalal Street celebrates Christmas: Sensex crosses 34,000 for first time ever, Nifty hits fresh all-time high

Dalal Street celebrates Christmas: Sensex crosses 34,000 for first time ever, Nifty hits fresh all-time high

Sensex crossed 34,000-level in the opening session on Tuesday after a three day Christmas weekend. Indian stock markets started on a higher note with the key equity indices Sensex and Nifty surpassing their previous records. S&P BSE Sensex jumped 65.07 points to hit a lifetime high of 34,005.37 whereas NSE Nifty too edged up, rising by 22.1 points to mark another all-time high of 10,515.1. Shares of heavyweight companies such as Tata Consultancy Services, HDFC, ITC, ONGC, Asian Paints and Reliance Industries contributed to the upsurge of Sensex.

IOC, BPCL keen on GAIL for fully integrated operations

IOC, BPCL keen on GAIL for fully integrated operations

New Delhi: Indian Oil and Bharat Petroleum Corp (BPCL) are both keen to acquire gas utility GAIL India to become fully integrated energy companies.

IOC and BPCL have separately indicated to the petroleum ministry their interest in taking over GAIL to help add natural gas transportation and marketing business to their kitty, official sources said. GAIL, on the other hand, feels a merger with oil and gas producer ONGC would be more appropriate.

Surgical Strike 2.0: Indian Army planted IEDs to surprise Pak; toll could be higher

Surgical Strike 2.0: Indian Army planted IEDs to surprise Pak; toll could be higher

The Indian Army troops planted explosives on Pakistani side to surprise the enemy during the 'mini surgical strike' it carried out on Monday.

According to the new details emerging from the last night's cross-border raids, the IED blasts were targeted for initial damage on the Pakistani side. It was followed by heavy firing by the Indian troops.

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