NEW DELHI: Equity markets slipped into red after opening with slight gains in Thursday's early trade as with analysts suggesting profit booking as the raeson.

30-share BSE Sensex went up by 46.75 points to open on 36,208.39 while the broader 50-share NSE Nifty started trading on all-time high of 11,095.60, up by 9 points. However, both the indices saw some profit booking soon after and by 9.42 am, Sensex had slipped almost 100 points.

NEW DELHI: Normally a field of lush green wheat stalks would lift Kishan Singh's spirits. Yet weak prices mean even a good crop this year may not stop debt collectors from kicking him off his land in northern India.

More than 60 people in Dhamaka, a village of about 230 families some 80 kilometers (50 miles) from India's capital New Delhi, have received notices threatening to auction their fields.

Mumbai: Bank of Baroda (BoB) has drawn a road map to be among the top three credit card issuers in the country. The state-owned lender — which last year hired Manoj Piplani, head of Barclay's UK card business — has now repositioned its cards division as a non-banking finance company (NBFC) that will also extend retail loans.

On Wednesday, the bank launched its three cards — Easy, Select and Premier — for different segments with five times rewards.

New Delhi: The Oil and Natural Gas Corporation (ONGC) borrowed around Rs. 4,000 crores from ICICI Bank on Wednesday.

The borrowing is part of a tie-up with the three banks- Punjab National Bank (PNB), Bank of India (BOI) and Axis Bank, which took Rs. 18,060 crores for part funding its acquisition cost of Rs. 36,915 crore equity shares of the Hindustan Petroleum Corporation Limited (HPCL).

Wipro, the country’s third-largest IT services exporter, has announced $9.9-million investment in US-headquartered digital marketing company Harte Hanks to pick up a 16% stake. In a notice to the exchanges, Wipro said under this deal, both companies will expand their existing partnership to offer end-to-end marketing technology services. They will jointly market a big data analytics and machine learning platform, Opera Solutions Signal Hub. Harte Hanks, which was founded in 1923 with more than 5,000 employees globally, reported a net loss of $2.7 million for the second quarter of 2017 calendar year.

The Nifty PSU Bank index rose 3.49% and ended the session at 3,965.60 ahead of the Centre’s bank recapitalisation announcement on Wednesday. All the 12 constituents of the index closed with gains. The index has recorded a gain of 34% since the announcement of bank recapitalisation scheme in October 2017. IDBI Bank, which has been placed under prompt and corrective action (PCA) mechanism, got the highest infusion of Rs 10,610 crore, among all banks. The market seemed to anticipate this big infusion as the bank’s stock closed up 5.65% on Wednesday.

Global research firm CLSA has maintained a buy on the shares of Idea Cellular, despite the telecom major posting its biggest ever quarterly loss in Q3. India’s third-largest telecom company posted a net loss of Rs 1,284.5 crore for the quarter ended 31 December 2017, saying that a ‘sharp’ cut in the call connect charges and tariff war amid the telecom companies hit the earnings. Notably, the shares of Idea Cellular slid to a one-month low after the Aditya Birla group telecom company’s net loss for the October-December period more than tripled.

DETROIT: Hyundai is recalling nearly 88,000 cars in the US because an electrical short in the antilock brake system could cause engine-compartment fires.

The recall affects certain 2006 Sonatas and 2006 through 2011 Azeras.

NEW DELHI: At nine on Tuesday night, residents of Suraj Vihar near Dwarka heard a loud blast that shook the buildings around. When police reached the site of the explosion, they noticed an 8-ft deep ditch. On further examination, the cops realised that it was part of a tunnel leading to a pipeline of the Indian Oil Corporation from where a group was pilfering petrol.

Excessive gas pressure had led to the blast. The cops arrested the kingpin of the racket, Zubair, a scrap dealer from Daryaganj. The other men managed to escape under cover of darkness.

Mumbai based IRB Infrastructure, the investment manager of the IRB Infrastructure Investment Trust (InvIT) Fund declared distribution of Rs 174 crores to its unit holders translating into payout of Rs 3.00 per unit, on Wednesday for the third quarter of FY2018.

With this distribution, for FY2018, the total distribution reaches Rs 7.55 per unit; out of which Rs 5.45 per unit is interest and Rs 2.10 per unit is return of capital.

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