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Diwali cheers for markets: Sensex hits record high, Nifty goes beyond 10,000 mark

Diwali cheers for markets: Sensex hits record high, Nifty goes beyond 10,000 mark

It's clearly an early Diwali for key indices as firecrackers bursted on Dalal street when the benchmark BSE Sensex and the broader Nifty climbed to new life-time highs of 32,687.32 and 10,242.45 points, respectively, in opening session on the back of gains in banking, FMCG, auto and oil and gas stocks on Monday.

Uninterrupted buying by domestic institutional investors (DIIs) bolstered the trading sentiment, traders said. The rally came on the back of widespread gains led by metal, auto, FMCG, banking and oil & gas stocks.

Investments in digital training paying off: TCS

Investments in digital training paying off: TCS

Tata Consultancy Services, the country’s largest software exporter, says its investment in upgrading the skills of employees in digital and emerging technologies is showing returns. With it, the firm says, they’re being able to harness the talent to bag newer contracts from clients.

“We have a very strong in-house talent development programme and prefer to train an employee on new skills before looking at options. We started training our employees on digital skills a couple of years ago and this focus has contributed greatly to our growth,” says Ajoyendra Mukherjee, executive vice-president and global head of human resources (HR).

Reliance Industries hits new high post Q2 results

Reliance Industries hits new high post Q2 results

Reliance Industries (RIL) hit a new high of Rs 890, up 1.6% on the BSE in early morning trade, after the company reported a 12.5% increase consolidated net profit at Rs 8,109 crore for the second-quarter ended September 2017 (Q2FY18) on back of higher margins from its core refining and petrochemical businesses. The company had reported profit of Rs 7,206 crore in the same quarter of last fiscal year.

Consolidated revenue increased by 24% to Rs 101,169 crore during the quarter ending September as against Rs 81,651 crore in year-ago period.

Odisha government department signs MOU with SBI

Odisha government department signs MOU with SBI

The Odisha government’s Directorate of Treasuries and Inspection and the State Bank of India have signed an MOU for integration of SBI e-Pay with cyber treasury. The MoU is a landmark initiative by the state government to facilitate revenue collection from citizens through digital banking platform, an official said. The SBI e-Pay is the payment aggregator service wing of the bank which will facilitate on line payment of government dues by the customers of any public/ private sector banks by using the payment gateway of SBI.

Microsoft builds treehouse offices

Microsoft builds treehouse offices

To help its employees gain creativity, focus and happiness, Microsoft has built treehouse workspaces with embedded tech at its Redmond campus that will serve as meeting spaces and a more casual work environment. Designed by renowned builder Pete Nelson, the treehouse is one of the three new branch-based meeting spaces and is part of a larger new system of technology-enabled outdoor districts connected to buildings around campus empowering employees to work in new ways.

Rupee closes higher against US dollar for fifth session

Rupee closes higher against US dollar for fifth session

Mumbai: Indian rupee on Friday strengthened for the fifth session, its longest winning streak since February, to hit near three-week high against the US dollar on steady inflation and better-than-expected factory output data.

The home currency ended at 64.92 against the dollar, up 0.26% from its Thursday’s close of 65.09. The rupee opened at 64.95 a dollar and touched a high of 64.87, a level last seen on 25 September.

Diwali airfare sale 2017: From SpiceJet, Air India to Indigo, airlines offer big discounts

Diwali airfare sale 2017: From SpiceJet, Air India to Indigo, airlines offer big discounts

Pay less for flights on Diwali eve. That seems to be the mantra as carriers are substantially lowering the average spot airfare of tickets on Diwali eve, usually the highest in a calendar year, that are booked a week before departure. Thanks to increased capacity by airlines on some of the routes and a slowdown in certain sectors of the economy, a lower priceline around the festival of lights seems the new normal.

Reliance Industries posts strong Q2, beats estimates, reports Rs 8109 cr profit

Reliance Industries posts strong Q2, beats estimates, reports Rs 8109 cr profit

Reliance Industries on Friday reported a strong set of numbers during the July-September quarter, beating estimates on all fronts. Boosted by strong refining and petrochemicals margins, the company’s consolidated net profit excluding exceptional items increased a sharp 12.5% year-on-year to `8,109 crore. The company announced its earnings after market hours.

Gross refining margins (GRMs) for the country’s largest integrated oil and gas major were at a record nine-year-high of $12 per barrel against $10.10 a barrel in Q2FY17, but below estimates of $12.50 a barrel.

NGT offers relief on 10-year old diesel vehicle ban: Grants three-year extension with conditions

NGT offers relief on 10-year old diesel vehicle ban: Grants three-year extension with conditions

The National Green Tribunal (NGT) has provided some relief to 10-year old diesel vehicles by extending their road validity by three years. In an earlier judgement, NGT had banned diesel vehicles older than 10 years from plying on the streets of Delhi/ NCR. The basis for this ban was that the green tribunal believed that diesel vehicles are one of the key contributors to the worsening air quality in Delhi and surrounding regions. Now though, NGT has provided partial relief for diesel vehicle owners with through the three-year extension.

BSNL Diwali 2017 offer: Get 50% extra talk time; here is how to avail the benefits

BSNL Diwali 2017 offer: Get 50% extra talk time; here is how to avail the benefits

Just two days after Reliance Jio launched its Diwali Dhan Dhana Dhan offer under which it is offering 100% cashback on the recharge of Rs 399, BSNL has now joined the festive Diwali war with its new offer. BSNL offers 50 per cent additional talk time to prepaid users under its ‘Laxmi’ promotional offer on Diwali. The announcement was made by the telecom operator through its Twitter handle, In BSNL’s new Laxmi offer, users will get 50 per cent extra talk time on top-up of Rs 290, Rs 390 or Rs 590. This means that talk value of Rs 435, Rs 585, and Rs 885 will be given on recharge of Rs 290, Rs 390 and Rs 590 respectively.

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