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Markets open on colourless note over weak Asian cues

Markets open on colourless note over weak Asian cues

Key indices on Monday opened on colourless note amid weak Asian cues.

At 9:53 AM, Sensex was trading 24.53 points at 33,369.61 and the 50-share NSE index Nifty was down 2.65 points at 10,280.10.

Among the top gainers were Biocon whose stakes rose 5.2% to Rs414.70 after the company said it got clean chit from the US FDA for Bengaluru unit.

L&T Chairman recalls thwarting takeover bids from Ambanis, Birla

L&T Chairman recalls thwarting takeover bids from Ambanis, Birla

AM Naik, the non-executive chairman of the country's largest construction and engineering firm L&T, has recalled in his biography how he thwarted hostile takeover bids from the Ambanis and Birlas in early 2000s when the company had almost slipped from his hands.

Speaking at the launch of his biography titled 'The Nationalist', authored by columnist Minhaz Merchant, here last evening, Anil M Naik also reminisced about the historic three-phased demerger of Larsen & Toubro (L&T),

Oil PSUs IOC, HPCL, BPCL betting on natural gas as next big thing

Oil PSUs IOC, HPCL, BPCL betting on natural gas as next big thing

India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix.

State-owned oil companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are planning to raise gas contributions to between 5 and 15 per cent of their incomes over the next few years, up from nearly none now, company executives said.

Infosys’ Rs13,000 crore share buyback offer to open on 30 November

Infosys’ Rs13,000 crore share buyback offer to open on 30 November

New Delhi: India’s second largest IT company Infosys on Friday said its Rs13,000 crore buyback offer will open on 30 November and end on 14 December.

Outlining the buyback dates in a regulatory filing, Infosys said that the company through letter dated 16 November received observations from the Securities and Exchange Board of India (Sebi) on the draft letter of offer for the buyback.

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."

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