The market regulator is putting the onus of corrective action on National Stock Exchange of India Ltd (NSE) after a forensic audit found that NSE’s algorithmic trading platform and co-location facility were “prone to manipulation” and allowed “potential preferential access” to some brokers.

The Securities and Exchange Board of India (Sebi) will ask the exchange to strengthen its trading systems, fix responsibility for lapses found by the audit, suspend employees who were at fault and examine members who may have profited illegally or unfairly, four people familiar with the matter said.

Mumbai: Market benchmark Sensex rebounded by over 173 points to finish at 26,899.56 on Tuesday as domestic investors heavily bought into recently battered metal, auto and oil & gas stocks amid a higher opening of the European markets.

Sensex snapped its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues. The gauge had lost 151.69 points in the previous two sessions ahead of earnings season and macroeconomic numbers due this week amid looming fears of a slowdown in the country’s GDP growth.

Public sector lender Bank of Baroda (BoB) on Monday lowered interest rate on home loans by 70 basis points (bps) to 8.35% – the lowest in the industry.

In doing so, the bank has decided to offer home loans at its one-year marginal cost of funds-based lending rate (MCLR) without any spread to customers with CIBIL score of 760 and above.

According to latest TRAI data, Reliance Jio provides its users with faster 4G speeds than Vodafone and Airtel. This has been informed by the Telecom Regulatory Authority of India (TRAI) and according to the data, RJio 4G speeds have sped up the charts dramatically till December 2016. Earlier in October, TRAI data had a completely different picture to paint, when it depicted that Jio was actually the slowest network among incumbents like Airtel, Vodafone, Idea and Reliance itself. The source of all the numbers is TRAI’s speed testing app called MySpeed Portal.

NEW DELHI: German luxury car maker Mercedes Benz today reported sales of 13231 units in 2016, a marginal decline over 13502 units sold in the previous year.

Sales for the company dropped by around 2% last year amid challenges arising from the eight month-long ban on larger diesel vehicles in the National Capital Region (NCR), the imposition of infra cess in the union budget and subsequently weak consumer sentiments post demonetization of high-value currency notes in November.

Taxi-aggregator Uber on Tuesday announced a partnership with Apollo Hospitals to engage in a road-safety training programme for driver-partners in 29 cities across the country.

In a press release, the company stated that the hospital will equip Uber's 8000 drivers who have received a 'five-star' by customers, with first aid medical kits. It also stated that as a part of this partnership, the company has created a series of training videos on handling road accidents which will be provided in English and one regional language.

State Bank of India Chairman Arundhati Bhattacharya on Tuesday said the prevailing situation arising out of demonetization will get normalised by end-February, emphasising the need to promote digitisation of economy.

"We believe that the situation (arising out of demonetization) will become totally normal by the end of February," Bhattacharya told reporters at the airport in Ahmedabad after arriving to participate in the 8th Vibrant Gujarat Global Summit (VGGS).

HDFC Bank, the country’s second-largest private one, will be using robots at its branches, to assist customers.

Nitin Chugh, their country head for digital banking, said more ‘humanoids’ would be deployed after seeing the response from customers. Then, the scale of work done with these would be expanded.

For those who insist that traveling is all about the journey, we say this: It really depends on which carrier you’re flying.

Aside from variations in cabins and service quality, there’s the major concern of how likely you are to get delayed. Fly on the wrong airline and your odds of a delay are as high as 55 per cent; choose the right one and that number shrinks way down to just 11 per cent. That’s enough to make or break a vacation's spell, no matter where you’re sitting on the plane. But how do you know which airlines to steer clear of, and which ones to prioritise?

Diversified conglomerate ITC, which is eyeing a Rs 1 lakh crore turnover in FMCG business by 2030, is all set to launch its speciality spices under the MasterChef brand this quarter.

Spices under the brand are tested for 450 chemicals, toxins and other contaminants as against only nine parameters that are required to be tested in India. Besides, the company is also all set to enter the fruits, vegetables and seafood segment this year, and ITC MasterChef is likely to be the umbrella brand.

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