After shedding 800 points on Friday, Key indices as widely expected opened in red. The benchamrk BSE index opened 500 points lower, Nifty also remained below the 10,000 mark.

The 30-share BSE Sensex was down 527.75 points or 1.50 percent at 34,539 and the 50-share NSE Nifty fell 166.40 points or 1.55 percent to 10,594.20.

Reliance Industries chairman Mukesh Ambani today announced an investment of Rs 2,500 crore in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years.

"Today I am happy to announce five commitments for Assam over the next three years. Reliance will invest an additional Rs 2,500 crore to augment its presence in this market," he said at the inaugural function of the Global Investors Summit 2018 here.

India Under-19 cricket team lifted their record fourth World Cup trophy as they triumphed over Australia with an eight-wicket victory in the final played at the Bay Oval ground in Mount Maunganui on Saturday.

Opening batsman Manjot Kalra grabbed the eyeballs with his unbeaten 101-run knock as the Men in Blue chased down the traget of 217 in just 38.5 overs.

New Delhi: Coal India Ltd’s sales rose to a record in January as customers of the world’s biggest producer of the fuel continued to refill their inventories.

The miner, which accounts for more than 80% of India’s coal production, has increased output year-on-year every month since August, helping power plants, its biggest customers, replenish their inventories.

Dilip Pawar, president of the Bajaj Auto labour union, Vishwa Kalyan Kamgaar Sanghatana (VKKS), on Friday withdrew his indefinite hunger strike after the company agreed to extend the wage hike given to the workers at Chakan to the staff of Akurdi plant.

Pawar’s hunger strike had entered the fifth day on Friday.

The country’s largest mobile broadband services provider, Reliance Jio, topped the Telecom Regulatory Authority of India’s (Trai) 4G mobile data speed test in November, its 11th consecutive month at the pole position.

Jio clocked mobile data speed (download) of 25.6 Mbps during November, which is also its highest so far in 2017 calendar year, the latest Trai data showed.

Buoyed by an impressive performance on M&HCV sales as well exports, Hinduja group flagship Ashok Leyland (ALL) has reported a 178% growth in its profit after tax (PAT) for the quarter ended December 31, 2017 to Rs 449.71 crore, compared with Rs 161.72 crore in the same quarter of the previous fiscal.

Analysts expected the company to report a profit of Rs 407 crore.

Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since December 2013, amid worries about a regulatory clampdown globally. The currencies have come off their lows but analysts said the sell-off was probably not over. This week’s slump brought the total market value of cryptocurrencies down to around $400 billion, half the high it reached in January, according to industry tracker Coinmarketcap.com.

Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results. Amazon’s stock was up 3.7 percent at $1,441 per share in afternoon trade, on track for a record high close and putting its market capitalization at $701 billion. The stock traded as high as $1,498. Microsoft fell 2.2 percent to $92.97, trimming its market capitalization to about $711 billion.

NEW DELHI: Jaiprakash Power Ventures Ltd has offered its Nigrie power project to NTPC for acquisition while State Bank of India has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm.

NTPC had invited bids from promoters, lenders and financial intermediaries offering their domestic coal-based power plants in November last year.

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