BJP stalwart LK Advani, MP Murli Manohar Joshi and Union Minister Uma Bharati received a big relief from the special CBI court (Ayodhya Prakran) on Wednesday, getting exemption from personal appearance during the ongoing trial against them and nine others in the Babri demolition case.

Counsels of these BJP leaders had moved an application seeking exemption from personal appearance during the trial, due to the old age of Advani and Joshi, while Union Minister Uma Bharati had pleaded extensive travel as reason for her inability to appear before the court daily during the trial.

There were no raids on NDTV with the CBI not entering any office of the channel, Union Information and Broadcasting Minister M. Venkaiah Naidu said on Wednesday while dismissing allegations that the searches were an infringement on press freedom.

The Central Bureau of Investigation's raids on the properties of NDTV founder Prannoy Roy on June 5 on allegations of bank fraud had drawn criticism from several political parties as well journalist groups such as the Editors' Guild of India, Press Club of India and All India Newspaper Editors' Conference.

Shares of Reliance Communications tanked over 4% on Wednesday after the rating agencies Fitch and Moody's on Tuesday downgraded credit rating of the company on account of its fragile liquidity position and limited ability to pay back debt.

The stock hit an intraday low of Rs 19, down 4.2% on the BSE.

Oil and Natural Gas Corp. Ltd’s (ONGC’s) profitability in the March quarter was adversely impacted by certain one-off elements.

The oil producer had to shell out Rs2,444 crore towards royalty payments to the states of Gujarat and Assam. There was also a provision of Rs1,944 crore relating to employee pay revision.

Bengaluru: Wipro Ltd chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he “remains committed to Wipro”.

In his letter to Wipro employees, he had termed the news article reportedly published in this regard as “baseless and malicious.”

Ford India's EcoSport has been garnering popularity since its launch in 2012 due to the company's foresight in this particular segment. The sub-4 metre benefits also proved to be beneficial for the company to aggressively price it in the compact SUV segment which in the said year had few competitors when compared to the American brand. However, with the launch of new products in this segment, the EcoSport has been facing a troublesome time.

Top seven India-based outsourcing companies in the US received fewer H-1B visas in 2016 as compared to 2015, and as a group their numbers dropped 37 per cent, according to a new report.

The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy a Washington-based non-profit think-tank said.

It was a record setting spree for the markets early on today as the NSE Nifty crossed the 9,700-mark for the first time and BSE Sensex shot up by 121 points to hit a fresh all-time high of 31,430.32.

Trading sentiments got a boost as investors widened positions ahead of the Reserve Bank's monetary policy review meet tomorrow amid a mixed trend in Asian region, brokers said.

In a fresh attempt to bar Chinese solar panel makers from flooding the Indian market at an ultra-low price, the domestic companies approached the Directorate General of Anti-Dumping (DGAD), requesting an imposition of a duty on importers.

The application has been filed against China, Malaysia and Taiwan. The domestic industry via the Indian Solar Manufacturer’s Association (ISMA) pleaded that as the imports led to considerable damage to the indigenous sector; a retrospective duty should be imposed.

Shares of information technology (IT) companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise range-bound market.

Tata Consultancy Services (TCS), Infosys, HCL Technologies, Tata Elxsi, Hexaware Technologies and Tech Mahindra were up in the range of 2% to 6%.

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