SBI Life Insurance Company made a quite debut by listing at Rs 735, a 5% premium against its initial public offer (IPO) price of Rs 700 per share on the National Stock Exchange (NSE).

At 10:02 AM; the stock was trading at Rs 734 on the NSE. It hit a high of Rs 740 and low of Rs 730 so far. A combined 11.5 million shares exchanged hands on the NSE and BSE.

Tata Motors surged 7% to Rs 428 on BSE in early morning trade after the company reported a strong 25% increase in domestic sales at 53,965 units in September. The company had sold 43,031 units in September 2016. The stock recorded its sharpest intra-day gain since November 8, 2016, when it rose 6.9% in intra-day trade.

“This is at the back of growing festive demand across segments, increased positive customer sentiments, introduction of new products and strong customer engagement initiatives,” Tata Motors said in a statement.

New Delhi: SBI Life Insurance Co. Ltd, which recently completed its initial share sale offer, will make its stock market debut on Tuesday.

The company’s Rs8,400 crore initial public offering (IPO) was subscribed 3.57 times on 22 September. The portion meant for qualified institutional buyers was oversubscribed 12.56 times, while that of non-institutional investors received 70% subscriptions and retail investors 85%, data available with the NSE showed.

Washington: Nasa has pushed the planned launch of its $8.8 billion James Webb Space Telescope from October 2018 to the spring of 2019, citing spacecraft-integration issues.

The successor to the famed Hubble Space Telescope, Webb will now launch between March and June 2019 from French Guiana, following a schedule assessment of the remaining integration and test activities, Nasa said.

NEW DELHI: IT firm Tech Mahindra, in collaboration with electricity trade platform provider Power Ledger, on Friday announced a series of trials to develop a new mechanism of electricity production through 'Microgrid-as-a-Service' (MaaS).

MaaS is an integrated platform incubated by Tech Mahindra to create a new model in the electricity market which will enable building owners, campuses, Smart Cities and other communities to produce and manage their own electricity affordably and even trade in case of excess generation.

Akash Ambani, Mukesh Ambani's son who also played a relevant role in rolling out JioPhone unveiled iPhone8 and 8 Plus in India today. The event held at Reliance Jio headquarters in Navi Mumbai.

Reliance Industries' chairman, Mukesh Ambani and CEO of Apple, Tim Cook addressed the event via video messages.

In line with the central government's Digital India programme, state-run ONGC has gone completely paperless in all its offices in Gujarat. The initiative is expected to raise efficiency and transparency level in the functioning of Maharatna.

ONGC's paperless office project, christened as DISHA, was launched by Prime Minister at ONGC's Ahmedabad asset through video conference on Monday.

Key indices opened on slightly positive note on Friday tracking positive trade in Asian markets, which witnessed some respite after a tough week.

The 30-share BSE Sensex was up 97.09 points at 31,379.57 and the 50-share NSE Nifty gained 39.30 points at 9,808.25. The October derivatives series got off the ground on a solid footing.

At least 27 people were killed and over 30 others injured in a rush-hour stampede on a foot overbridge (FOB) linking Elphinstone Road and Parel suburban railway stations in Mumbai on Friday morning.

The incident took place at around 10:30 am due to a heavy crowd at the foot-over bridge after rains.

The injured have been rushed to KEM hospital.

Markets regulator Sebi plans to put in a framework for continuous listing norms for listed entities, according to a regulatory source. The move comes when multiple agencies and regulators are clamping down on suspected shell companies as part of larger efforts to curb undisclosed money.

The Securities and Exchange Board of India (Sebi) has strict norms for listed entities and these are updated on a continuous basis.

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