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Markets ends on mixed note for the week, sensex up 28 points

Markets ends on mixed note for the week, sensex up 28 points

Mumbai, Nov 18 Stocks: The stock market ended on a mixed note for the week with benchmark sensex registering a modest rise of 28.24 points, end at 33,342.80, while Nifty closed with minor loss of 38.15 points to conclude 10,283.60.

The key benchmark indices declined in three out of five trading sessions of the week.

Selling was triggered as posibility of the central bank cutting interest rates next month, dampened after India's inflation picked up in October.

Nasa's new global map shows seasonal changes on Earth over two decades

Nasa's new global map shows seasonal changes on Earth over two decades

Nasa has captured 20 years of seasonal changes in a striking new global map of the home planet.

The data visualisation, released this week, shows Earth's fluctuations as seen from space.

L&T Construction bags Rs 8,650-cr order to build Mumbai Trans Harbour Link

L&T Construction bags Rs 8,650-cr order to build Mumbai Trans Harbour Link

Larsen & Toubro announced that the heavy civil infrastructure business vertical of L&T Construction bagged an order worth Rs 8,650 crore from Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of Mumbai Trans Harbour Link, Package 01 & 03.

The project involves the construction of a 21.8 km bridge connecting Mumbai mainland with Navi Mumbai.

Your SBI account may be suspended if not linked to Aadhaar; here’s how to do it

Your SBI account may be suspended if not linked to Aadhaar; here’s how to do it

Are you a State Bank of India customer and haven’t linked your Aadhaar number to your bank account yet? You must do it now or latest by December-end, else your bank account may be suspended. SBI has recently tweeted that “Avail benefits of the digital life. Simply link your Aadhaar number with your bank account.” It further said, “In terms of amended PML rules dated 1st June 2017, all existing customers are requested to submit Aadhaar number by 31st December 2017, failing which the account shall cease to be operational till the time Aadhaar number is submitted.”

RCom, Aircel accuse Big 3 telcos of trying to poach subscribers through misleading campaigns

RCom, Aircel accuse Big 3 telcos of trying to poach subscribers through misleading campaigns

MUMBAI: Aircel and Reliance Communications have accused larger rivals Bharti AirtelBSE 0.75 %, Idea Cellular and Vodafone India of trying to poach subscribers through misleading campaigns that claimed the smaller telcos were shutting down their overall and enterprise voice businesses, respectively.

Both Aircel and RCom, struggling to stay afloat after attempts at merging their businesses fell through recently, have complained to the telecom department (DoT) and the regulator, seeking action against the three service providers.

Telcos blowing billions, but not on Net speed

Telcos blowing billions, but not on Net speed

Five years ago, a firm started an optic fibre broadband service in a gated community of Delhi. It offered a 20 Mbps plan to 80 subscribers. Gradually, the company failed to maintain the advertised speed as its subscription base grew more than a hundred per cent. A technical executive of the firm said, "We have nearly 200 connections on the same infrastructure. Most consumers do not know what speed they have purchased."

Infosys buyback to begin on November 30

Infosys buyback to begin on November 30

Information technology (IT) bellwether Infosys on Friday said its share buyback offer would begin on November 30 and close on December 14.

The IT services major issued the letter of offer for the same. It said the letter along with the necessary forms would be dispatched to the eligible shareholders who appeared on the record date of November 1.

Reliance General Insurance enters into bancassurance pact with YES Bank

Reliance General Insurance enters into bancassurance pact with YES Bank

Reliance General Insurance Company Ltd on Friday said it has signed a comprehensive Bancassurance agreement with YES Bank to distribute its various products.

In a statement issued here, Reliance General - a subsidiary of Reliance Capital Ltd - said the bancassurance agreement - corporate agency agreement - has been inked to distribute insurance products to the bank's customers.

IRCTC hotel scam: ED asks Tejashwi, Rabri Devi to appear on November 20, 24

IRCTC hotel scam: ED asks Tejashwi, Rabri Devi to appear on November 20, 24

The Enforcement Directorate (ED) on Friday issued a notice to former Bihar deputy chief minister Tejashwi Yadav and former Bihar chief minister Rabri Devi, asking them to appear on November 20 and November 24 respectively, in connection with the IRCTC hotel scam.

Earlier on November 13, the ED questioned the former Bihar deputy chief minister in connection with the scam.

RBI working group on commodity price hedging submits recommendations

RBI working group on commodity price hedging submits recommendations

Mumbai: A working group constituted by the Reserve Bank of India (RBI) said it favours a uniform method in extending facilities to hedge commodity price risk in overseas markets that is agnostic to the place of procurement.

The group, set-up in September 2016 to review the norms for hedging of commodity price risk by residents in the overseas markets, suggested that hedging of only direct commodity price risk may be allowed for now because of the complexity in assessing indirect risks faced by the users.

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