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Markets post best weekly gains in two months despite volatile Friday trading

Markets post best weekly gains in two months despite volatile Friday trading

Indian markets ended little changed after a volatile trading session on Friday, as global markets weakened amid elevated military tensions over a new missile launch by North Korea.

The BSE Sensex closed up 30.68 points, or 0.1%, at 32,272.61 points and the National Stock Exchange’s Nifty edged down 1.20 points, or 0.01%, to close at 10,085.40.

Mahindra to launch new SsangYong Rexton, launch in 2018

Mahindra to launch new SsangYong Rexton, launch in 2018

Mahindra & Mahindra has confirmed to Autocarindia.com that it will launch the new SsangYong Rexton in the country by the second month of next year. We also reported in March this year that SsangYong revealed the official sketches of the 2018 Rexton then unveiled the new SUV at the 2017 Seoul Motor Show. The new SsangYong Rexton is based on the LIV-2 Concept showcased at the 2017 Paris Motor show and will be lighter than the predecessor model. The all-new G4 SsangYong Rexton will be locally manufactured in that will include welding parts and paint jobs.

Safety check! Govt to link DL with Aadhaar

Safety check! Govt to link DL with Aadhaar

The government will soon start linking driving licences with Aadhaar cards, Electronics and IT Minister Ravi Shankar Prasad said on Friday. "It would be done soon to check the menace of multiple licensing," he said while inaugurating the Haryana Digital Summit-2017.

"I have already had a word with Minister for Road Transport and Highways Nitin Gadkari, and the process to link the two would be set in motion soon," he added.

NTPC said to triple gas use amid power supply shortages

NTPC said to triple gas use amid power supply shortages

New Delhi: NTPC Ltd., India’s biggest electricity producer, has boosted natural gas-fired generation as a drop in hydropower, nuclear and wind energy increases demand for thermal power, according to company officials with knowledge of the situation.

Plant utilization at NTPC’s gas-fired stations has almost tripled to 60% in the past three to four days, said the officials, who asked not to be identified, citing company policy. That compares with an average plant utilization of about 24% for NTPC’s gas-fired stations in the three months ended June, when summer demand peaks.

SBI hopeful of controlling fresh slippages, says Rajnish Kumar

SBI hopeful of controlling fresh slippages, says Rajnish Kumar

Kolkata: Country’s largest lender State Bank of India (SBI), reeling under huge stressed assets like other banks, is hopeful that going forward it would be able to control fresh slippages.

“Going forward, fresh slippages will be under control. Specifically from September onwards, things will become better,” MD (national banking group) of SBI Rajnish Kumar said.

P.V. Sindhu enters Korea Open final

P.V. Sindhu enters Korea Open final

Olympic silver-medallist P.V. Sindhu defeated China’s He Bingjiao in the semifinals to set up a mouth-watering summit clash with world champion Nozomi Okuhara of Japan at the Korea Open Super Series, in Seoul on Saturday.

The 22-year-old Indian had come into the match with a 3-5 head-to-head record, having lost to the Chinese at the Asia Badminton Championship this year.

Air India launches first direct flight to Denmark

Air India launches first direct flight to Denmark

Air India on Saturday launched the first non-stop flight service between India and Denmark.

The national carrier will fly non-stop from Delhi to Denmark's capital Copenhagen — its 44th international destination.

Number of private projects with sanctioned loans rises 58%

Number of private projects with sanctioned loans rises 58%

The number of private sector projects to which banks and financial institutions (FIs) sanctioned loans rose 58% year-on-year (y-o-y) in FY17, according to the Reserve Bank of India (RBI). In a report released as part of its monthly bulletin for September 2017, the central bank said 547 projects with a total cost of Rs 1.83 lakh crore were sanctioned financial assistance by banks and FIs in FY17, as against 346 projects worth Rs 91,800 crore in FY16.

Maruti Suzuki eyes big boost in sales from Nexa as Baleno sales spike and Ciaz adds to effect

Maruti Suzuki eyes big boost in sales from Nexa as Baleno sales spike and Ciaz adds to effect

Maruti Suzuki expects to better its FY17 performance further in the current fiscal by selling more than 300,000 units from Nexa, thus upping the premium showroom’s total share in the company’s overall sales volume to 20%. In FY17, Maruti achieved 15% of its total sales in volume terms from Nexa, three years ahead of schedule. According to sector analysts at the end of the current fiscal, the contribution of high-end vehicles, which are retailed through Nexa showrooms, may be around 30-33% in value terms. In FY17, Nexa’s contribution to the company’s topline was around 25%.

London train blast: Islamic State claims responsibility, threat level 'critical' in UK

London train blast: Islamic State claims responsibility, threat level 'critical' in UK

Islamic State (IS) has claimed responsibility for the Tube train blast in south-west London that injured twenty-nine people on Friday.

On Friday morning, twenty-nine people were hurt after an after an Improvised Explosive Device (IED) blasted on a Tube train at the Parsons Green Station. After the blast, the police were treating it as a terror attack.

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