Kamarajar Port Ltd (KPL), formerly known as Ennore Port, has set its sights high and is bracing to become one of the top five ports in the country by 2020. The upgrade plan entails increasing the port’s capacity to 86 million tonnes per annum (MTPA) from the present 32 MTPA, at a total investment of Rs 7,300 crore.

In the works are the expansion of its coal cargo handling capacity, setting up of more multi-cargo terminals, including two extra terminals for automobiles, besides upgrade of other infrastructure facilities.

CHENNAI: Two major unions -- All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) -- will chalk out separate agitation and strike programmes in support of early wage revision in IDBI Bank, the unions said.

Employees of IDBI Bank will strike work on Tuesday demanding wage revision.

Insurance behemoth Life Insurance Corporation (LIC) of India earned a total investment income of Rs 1,80,117 crore during the financial year 2016-17.

For LIC, which is also the largest domestic institutional investor in the country, the income was earned through investment in government bonds and state development loans, interest, corporate bond interest, dividend income and profits on sale of equity. The market value of LIC's total investment grew 17.08 per cent at the end of FY17 at Rs 24,69,589 crore (provisional) from Rs 21,09,253 crore a year ago.

Generation of new non-performing assets (NPAs) is slowing down for the country's largest banker State Bank of India.

While there would be short-term pain as the banking sector goes for NPA resolution under new guidelines, the effort of the government to ease pains of different sectors would improve the situation through the course of the year to a large extent, helping SBI emerge taller, sharper and healthier in the next financial year.

The benchmark BSE Sensex rallied over 227 points in early trade on Monday on buying in FMCG, banking and IT stocks by investors enthused by global rally in stock markets. The BSE 30-share index surged 227.44 points, or 0.75%, to 30,692.36 points. The gauge had gained 30.13 points in the previous session on Friday. All sectoral indices led by FMCG, realty, capital goods, metal and auto were in the green, rising up to 1.76%. Also, the NSE Nifty gained 62.55 points, or 0.66%, to 9,490.45 points.

The US city of Chicago is launching a campaign in response to President Donald Trump's threats to cut off funding for sanctuary cities, the media reported.

Sanctuary city is a broad term applied to jurisdictions with policies in place to limit cooperation or involvement with federal immigration actions, reports CNN.

ITC gained as much as 5% to Rs 300, extending its Friday’s 3% gain on BSE, after the Goods and Services Tax (GST) Council has announced the tax rates for the various items.

The stock is trading at its highest level on BSE and on the National Stock Exchange (NSE). It was the largest gainer among the S&P BSE Sensex and Nifty 50 index at 09:52 am. A combined 8.74 million shares changed hands on the counter on BSE and NSE so far.

Captains of Indian industry across sectors say they are ready for a July 1 roll-out of the “game-changing” goods and services tax (GST).

The GST would help the economy pick up pace, bring down the inflation rate, and boost the fortunes of corporate India, a nationwide poll of top chief executive officers (CEOs) revealed.

Benchmark Sensex ended in the green at 30,464 in see-saw trade today as FMCG counters buzzed following finalisation of GST rates for bulk of the items. However, global volatility arising out of political developments in the US and emerging markets like Brazil held back the gains, brokers said.

The BSE Sensex resumed higher and hit its all-time high of 30,712.35 (intra-day), the fourth in five sessions, but later eased to a low of 30,338.52 before settling 30.13 points, or 0.10 per cent higher at 30,464.92.

Apple has reportedly warned several Chinese social networking apps to disable their "tipping" functions because it is in violation of the company's App Store rules.

The iPhone maker also said that if the companies fail to disable the fuction, it would start collecting 30 per cent on all cash transfers, a report in Wall Street Journal said late on Friday.

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