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Gold surpasses Rs 30,000-mark again, silver above Rs 43,000

Gold surpasses Rs 30,000-mark again, silver above Rs 43,000

Gold prices got past the Rs 30,000-mark again by climbing Rs 375 to Rs 30,100 per 10 grams on Saturday, reflecting strong global uptrend and increased buying by local jewellers.

Silver also went past the Rs 43,000-mark by covering up Rs 400 at Rs 43,100 per kg, backed by increased offtake by industrial units and coin makers.

US suspends premium H1B visas from April, to impact IT firms next fiscal

US suspends premium H1B visas from April, to impact IT firms next fiscal

The US government has temporarily suspended issuing premium H1B visas with effect from April 3, 2017. The US Citizenship and Immigration Services (USCIS) notification, however, said the pending applications for premium H1B visas and the ones filed before April 3 will be processed.

This suspension may last up to 6 months.

Indian-origin businessman shot dead in US

Indian-origin businessman shot dead in US

A 43-year-old Indian-origin store owner in the US has been shot dead outside his home, just days after an Indian engineer was killed in Kansas in a hate crime shooting that had sent shockwaves across the country.

Harnish Patel (43), the owner of a convenience store in Lancaster County, South Carolina, was found dead of gunshot wounds in the front yard of his home on Thursday, coroner and police officials said.

L&T's construction arm bags orders worth Rs 2,170 crores

L&T's construction arm bags orders worth Rs 2,170 crores

L&T Construction, the construction arm of Larsen & Toubro Limited (L&T), has won orders worth Rs 2,170 crores across its various business segments.

Its power transmission & distribution (T&D) business has secured orders worth Rs 1,169 crores. Consolidating its position in the substation segment of highest voltage level in Oman, the business has secured an order from Oman Electricity Transmission Company SAOC for turnkey construction of the 400/132 kV Qabel Grid Station and associated works.

RJio aims to corner half the telecom market by 2021

RJio aims to corner half the telecom market by 2021

Reliance Jio (RJio) has set a target of capturing half the telecom sector’s projected revenues of Rs 3 lakh crore by FY21. The company, which will start charging customers from April 1, indicated this at an analyst meet on Thursday. The company also plans to hit an operating profit margin of 50 per cent on the back of an efficient network, which it claims operates at the lowest operating cost per gigabyte. If RJio manages to reach the projected numbers, it will be unprecedented given no new entrant at the global level has achieved more than 10 per cent market share after launching their services.

In fact, most analysts had pegged a revenue market share of 20 per cent for the company by 2020. RJio is expected to break-even at the operating profit level by the end of FY18 and achieve revenues of $3 billion (or Rs 20,000 crore), according to analysts at Morgan Stanley.

Keep minimum balance in SBI accounts or pay levy

Keep minimum balance in SBI accounts or pay levy

From the beginning of the next financial year (April 1), failing to maintain a monthly average balance (MAB) in your State Bank of India (SBI) savings accounts will attract a charge.

SBI had suspended this charge in July 2012 to expand its customer base and generate low-cost deposits, as those in savings account earn interest rate of only 4 per cent. The bank said it is resuming the charge to partly cover costs for maintaining systems and operations of savings accounts. The charge will be calculated based on the gap between the MAB and the actual balance in the accounts.

Microsoft to start shipping Mixed Reality handset this month

Microsoft to start shipping Mixed Reality handset this month

US tech giant Microsoft will start shipping the "Mixed Reality" headset later this month in a bid to make Windows 10, the most complete platform across the broadest range of devices.

Mixed Reality (MR) is a combination of virtual and augmented reality to produce new environments and visualisations where physical and digital objects co-exist and interact in real time.

BSE shares extend their losses for seven sessions in a row

BSE shares extend their losses for seven sessions in a row

Mumbai: Shares of BSE Ltd, Asia’s oldest stock exchange, on Friday extended its losses for the seventh consecutive session. The stock corrected nearly 17% from its listing day.

In intraday, the stock touched a low of Rs 888.10 a share and fell as much as 3.2% on the NSE.

Apollo Hospitals shares fall 4.8% after series of block deals

Apollo Hospitals shares fall 4.8% after series of block deals

Mumbai: Shares of Apollo Hospitals Enterprises Ltd fell sharply on Friday after the company witnessed a series of block deals in which around 6.58 million shares or 4.7% stake of the company changed hands.

However, details of the buyers and sellers were not known, according to a Bloomberg report.

Election Commission issues show-cause notices to centre, BSP

Election Commission issues show-cause notices to centre, BSP

New Delhi: The Election Commission (EC) on Thursday issued show-cause notices to the Bharatiya Janata Party (BJP)-led government at the centre and the Mayawati-led Bahujan Samaj Party (BSP) over controversies relating to a sports felicitation event and cash deposits during the demonetisation drive, respectively.

An event organized by the ministry of home affairs (MHA) and ministry of development of north-eastern region to felicitate sportspersons from the region who participated in the Rio Olympics last year has come under the Election Commission’s scanner. The election watchdog has asked both ministries to explain why no prior approval was taken for holding the event.

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