Washington: US President Donald Trump has asked Congress to enact immigration reforms to protect American people, a day after a blast triggered by an ISIS-inspired Bangladeshi-origin man near a metro station in New York City left four persons injured.

Akayed Ullah, the 27-year-old suspected bomber, had wires and a pipe bomb strapped to his body. The device on Monday prematurely exploded between two subway platforms near Port Authority, which is America’s largest bus terminal, police said.

Mumbai: The markets regulator is “seriously” looking into the complaints about some individuals allegedly circulating key financial details and other market moving information about listed companies on social media groups before they are made officially public.

Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Tuesday confirmed that the regulator has come to know of instances wherein price-sensitive financial data of reputed companies was leaked to right before the earnings were formally made public.

Mumbai: Shares of Tata Consultancy Services Ltd (TCS), India’s largest IT firm by market value, underperformed benchmark Nifty50 index for the fourth consecutive year in 2017. So far this year, TCS has gained 12.49% compared to a 26.1% rise of the 50-share index, according to data from Bloomberg.

Despite the underperformance, TCS shares are still the most expensive in the IT space.

New Delhi: Unitech Ltd approached the Supreme Court on Monday against an order of the National Company Law Tribunal (NCLT) allowing the government to take control of the real estate company. A bench headed by Chief Justice Dipak Misra said that the matter would be heard on Tuesday.

“We are more concerned with home buyers, and not the company or those holding fixed deposits,” Misra said.

Announcing its plan to broaden the AI for Earth programme, Microsoft has pledged $50 million over the next five years to put artificial intelligence technology in the hands of those who are working to mitigate climate change. Microsoft rolled out the AI for Earth programme six months ago with an aim to put the power of artificial intelligence towards tackling environmental challenges. “At Microsoft, we believe artificial intelligence is a game changer.

To fast-track the privatisation of state-run Air India (AI), the government is likely to first divide the enterprise into two: AI and Air India Express (AIE), which undertakes the airline’s profitable West Asia operations, would be combined and put up for sale; another special purpose vehicle (SPV) that will include AI’s Rs 32,000-crore working capital debt, its other subsidiaries including Alliance Air and assets such as land and buildings, will be monetised later.

Wholesale volumes of passenger vehicles witnessed a healthy double-digit growth of 14% in November, with 2,75,417 units being sold by automakers. The low sales base in November last year owing to demonetisation aided the year-on-year performance. Leading the charge with a steep 45% rise to 77,824 units was the utility vehicles group, which grew at its fastest pace this fiscal – riding on the back of several new launches during the festive season.

Sensex and Nifty fell more than 0.4% in the wee hours of trades on Tuesday after starting off on a weak note as investors turned cautious ahead of key macroeconomic data which is lined up for later today. Among the macro data, Inflation data for the month of November is due for later today evening along with Industrial and manufacturing productions for the month of October and current account data.

JLR retail volumes increased by 10% y-o-y in November 2017, the first month of near double-digit growth after five months of disappointment. Land Rover volumes grew by 17% y-o-y led by new Discovery and RR Velar. JLR needs to report 8% y-o-y growth during the December 2017-March 2018 period to meet our FY2018 estimates. We feel confident of JLR achieving this as new Velar, launch of E-Pace and Discovery will boost volumes. Maintain BUY. JLR retail volume rose by 10% y-o-y to 52,332 units in November 2017.

Indian state-run Punjab National Bank has launched a share sale to qualified institutions to raise at least 30 billion rupees ($466.2 million) with an upsize option for another 20 billion rupees, according a source and a deal term sheet.

Punjab National Bank, the second-biggest state-run lender in the country, is looking to sell the shares at an indicative price of 168 rupees each, according to the source and the term sheet.

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