The benchmark Sensex staged a strong comeback in early trade today gaining over 149 points on widespread buying by participants amid positive Asian cues.

The 30-share index was trading higher by 149.05 points, or 0.46 per cent at 32,746.23. All the sectoral indices led by capital goods, power, oil & gas and PSU were trading in the green with gains of up to 1.20 per cent.

A GMR group company along with its partner, Manila-based Megawide, is in the race for the $ 250 million Clark International Airport new terminal building project in Philippines.

According to a statement issued by the Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA) of the southeastern nation, seven firms submitted the bid documents for the design, engineering, and construction of the Clark International Airport new terminal building in Philippines.

The approval by the US Senate for tax cut Bill is expected to spur investments in the US and rub off positively on Indian IT companies. The sector, which is struggling with sluggish demand from clients in the US, could benefit once the Bill, which envisages a reduction of corporate tax to 20 per cent from 35 per cent, becomes a law. This is expected to happen in the March quarter of 2018. Despite weak broader markets, most IT firms, barring Wipro, ended in the green on Wednesday.

Infosys on Wednesday said it had approached market regulator, the Securities and Exchange Board of India (Sebi), to settle issues arising out of alleged disclosure lapses in the severance package paid to former chief financial officer (CFO) Rajiv Bansal.

The company, led by former chief executive officer (CEO) Vishal Sikka, had sanctioned the severance package of Rs 17.38 crore in October 2015. Bansal was sacked over differences with Sikka over the acquisition of Israeli technology firm Panaya for $200 million.

The Kerala government on Wednesday came out with a new Ordinance raising the minimum age for liquor consumption from 21 to 23.

The Ordinance will make suitable amendments to the state Abkari laws and has been sent to Governor P Sathasivam for his clearance.

Bitcoin soared to a record high of $14,047.40 on Thursday, continuing its surge from below $1,000 at the beginning of the year.

The cryptocurrency was last up 2.94 percent at $14,030.00 at the Luxembourg-based Bitstamp exchange.

India won the three-test series against Sri Lanka 1-0 after the final test between the neighbours ended in a draw at the Feroz Shah Kotla Stadium on Wednesday.

Chasing 410 to level the series, Sri Lanka finished on 299-5 to secure their second draw of the series. Dhananjaya de Silva was the scorer for the tourists with a defiant 119 before retiring hurt while Ravindra Jadeja (3-81) was the pick of the Indian bowlers.

Two-wheeler major TVS Motor Company has entered into the super premium motorcycle by launching the TVS Apache RR 310- a 310 cc super-premium bike that the company has jointly developed with BMW Motorrad. The newly launched TVS Apache RR 310 will be introduced in the global market as well with the company eyeing sales to the tune of 10,000 units in its first year itself.

The new bike is priced at Rs 2.05 lakh (ex-showroom) with prices varying across states. TVS Motor's entry into the new segment comes four years after a tie-up agreement between the Indian motorcycle major and Germany's BMW Motorrad.

Mumbai: Tata Motors on Wednesday rolled out the first batch of the electric variant of its compact sedan Tigor from its Sanand facility in Gujarat.

The first batch of e-Tigors are being produced for the Energy Efficiency Services (EESL), which had placed an order for 10,000 electric sedans in October, and are part of the first 350 orders that the company had won in the first phase.

Reliance Industries Ltd (RIL) chairman Mukesh Ambani has an insatiable appetite. This was evident during his appearance at the Hindustan Times Leadership Summit last week where he signalled his readiness to look at a fresh investment cycle in areas like healthcare, agriculture and education.

This, at a time when Reliance Jio Infocomm Ltd, which capped the group’s last investment cycle is off to a flying start with Ambani exuding confidence in the numbers for the next few quarters.

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