Tata Consultancy Services (TCS), Infosys, Wipro and Tech Mahindra were among 13 stocks from the information technology (IT) sector that hit their respective 52-week highs on Wednesday in an otherwise subdued market on expectation of improvement in outlook.

KPIT Technologies, NIIT Technologies, Persistent Systems, Tata Elxsi, Vakrangee, Mastek, Infinite Computer Solutions (India), Hinduja Global Solutions and BLS International were other IT stocks from the S&P BSE500 and S&P BSE Smallcap index that touched their respective 52-week highs in intra-day trade today.

Hyundai Motor India Ltd (HMIL) on Wednesday launched two new variants of its mid-sized premium sedan Verna with 1.4 litre petrol engine, priced at Rs 779,000 and Rs 909,000 (ex-showroom Delhi).

The company, which introduced a new generation Verna in August last year, is already selling the model with 1.6 litre petrol and diesel powertrains.

New Delhi: Direct tax collections grew by more than 18% in the first nine months of the fiscal year to two-thirds of the full-year target, providing a breather to the government as it struggles to contain the fiscal deficit.

Government revenues have been under pressure due to a shortfall in revenue from the goods and services tax (GST), prompting it to announce additional borrowing of Rs50,000 crore last month to fund spending in key sectors of the economy.

Mumbai: The Securities and Exchange Board of India (Sebi) plans to impose a limit on the minimum market capitalization for companies to remain listed in an effort to weed out so-called penny stocks, said two people aware of the development, including an official with the regulator.

Sebi is considering a free-float market capitalization of Rs10 crore for companies to remain listed, these people said. Free-float market cap is the value of publicly traded shares.

The BSE Sensex hit new life-time intra day high of 34,565.63 in opening sessionon Wednesday extending its record-setting spree for a fourth session on buying by domestic investors ahead of quarterly results by bluechips.

The 30-share index rose by 122.44 points, or 0.35 %, to hit a new peak of 34,565.63, surpassing its previous record (intra-session) of 34,488.03 points hit on Tuesday.

ICICI Bank on Tuesday raised interest rates on deposits of over Rs 1 crore by between 5 and 35 basis points (bps). Rates on bulk deposits maturing between 30 days and 45 days were raised by 25 bps to 5.75%, while those on deposits maturing between 46 days and 60 days were raised by a similar amount to 6.25%. Bulk deposits maturing between 61 days and 90 days will now earn 10 bps higher at 6.25%. Rates on deposits maturing between 91 days and 184 days were raised by 35 bps to 6.65%.

Microsoft Corp said on Tuesday that software patches released to guard against microchip security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance. The comments in a blog post were the clearest signal from Microsoft that the microchip flaws for Intel and other chipmakers described last week could meaningfully degrade performance.

The Core Group of Secretaries on Disinvestment (CGD) headed by the Cabinet secretary has approved the broad contours of Oil and Natural Gas Corporation’s proposed acquisition of the government’s 51.11% stake in Hindustan Petroleum Corporation, paving the way for the transaction later this month, sources said. The deal would boost non-tax revenues of the Centre considerably as proceeds from disinvestment alone would be about Rs 1 lakh crore as against the Budget target of Rs 72,500 crore this year.

WASHINGTON: US President Donald Trump will attend the World Economic Forum in Davos later this month, opening up a distinct possibility of a meeting with Prime Minister Narendra Modi.

This would be for the first time in 18 years that a US president would be addressing the World Economic Forum - which is an annual gathering of global economic leaders.

HYDERABAD: State Bank of IndiaBSE 0.18 % (SBIBSE 0.18 %) has moved the National Company Law Tribunal (NCLT) against independent power producer East Coast Energy Pvt Ltd (ECEPL), which suffered project execution delays owing to funds constraints.

The Andhra Pradesh-based power producer had defaulted loans of over Rs 5,000 crore to many lenders led by Power Finance Corporation (PFC), which is also said to be preparing to move the Tribunal with an insolvency petition.

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