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dittoTV partners with Idea for Entertainment app Idea Movie Club

dittoTV partners with Idea for Entertainment app Idea Movie Club

Zee Digital Convergence’s live TV platform, dittoTV today said it has partnered with Idea Cellular for its flagship entertainment app Idea Movie Club to offer telecom operator’s subscribers access to a bouquet of over 90 live TV channels. “Through the partnership, Idea Cellular, the country’s third largest telecom operator, offers its subscribers a subscription of dittoTV bundled with its data recharges and Movie Club packs,” it said in a statement.

Sensex, Nifty cautious ahead of Budget as markets watch out for populist measures

Sensex, Nifty cautious ahead of Budget as markets watch out for populist measures

Indian benchmark indices opened on a cautious note ahead of the Union Budget 2016-17 due later today, waiting to watch the proposals which would set the course of the markets in the coming days.

BSE Sensex was trading up 0.12% at 27,689.77 points, and NSE Nifty was up 0.16% at 8,575 points, with most sectoral indices recording mild gains.

Budget 2017: Govt announces central travel system for defence personnel

Budget 2017: Govt announces central travel system for defence personnel

Union Finance Minister Arun Jaitley in his budget for 2017-18 on Wednesday announced central travel system for defence personnel.

Jaitley said the money allocated for defence expenditure, excluding pension expenditure, is Rs. 2,74,114 crores, adding this would include Rs. 86,488 crore of capital expenditure.

Maruti Suzuki India sales jump 27.1% to 1,44,396 units in January

Maruti Suzuki India sales jump 27.1% to 1,44,396 units in January

The country's largest car maker Maruti Suzuki India (MSI) on Wednesday reported a 27.1 per cent increase in total sales at 1,44,396 units in January as against 1,13,606 in the year-ago period.

The company's domestic sales stood at 1,33,934 units, up 25.9 per cent from 1,06,383 in January last year, MSI said in a statement.

ONGC's December quarter net triples to Rs 4,352 crore

ONGC's December quarter net triples to Rs 4,352 crore

State run Oil and Natural Gas Corporation Ltd (ONGC)'s standalone net profit rose almost three-fold in the December 2016 ended quarter, but missed street estimates. The year-on-year jump in profit came against a high exceptional cost item reported in the comparative quarter of the last financial year.

The Company has posted a net profit of Rs 4,352.33 crore against Rs 1,465.88 crore in the same period a year ago. In the October-December 2015 quarter, the company had a reported an exceptional cost item of Rs 3,616.41 crore against no exceptional cost reported in the same quarter in 2016.

IOC to foray into Bangladesh, Myanmar and others

IOC to foray into Bangladesh, Myanmar and others

In a strategy that may work in tandem with the Look East policy of India, state-run Indian Oil Corporation is set to foray into retail, pipeline and refinery sectors in Bangladesh, Myanmar, Vietnam and Nepal.

While the company is looking to enter into Bangladesh and Myanmar in segments like fuel retail and LPG marketing, in Vietnam, the focus would be on refining opportunities. “We have already submitted bids for fuel trade in Myanmar.

Sensex falls 194 points as H1B visa worry hits IT stocks

Sensex falls 194 points as H1B visa worry hits IT stocks

Mumbai: There were signs of anxiety in the market as the Sensex on Tuesday slumped 194 points ahead of the budget—to be presented on Wednesday—to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5% for 2016-17.

The recently introduced immigration restrictions by US President Donald trump and the new legislation that aims to rework the H1-B visa programme dealt a blow to IT stocks, which saw a big fall. TCS, Wipro and Infosys dropped by up to 4.47%, dragging down the BSE IT index by 2.96%, followed by technology that tanked 2.49%.

ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise

ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise

ICICI Bank Ltd, country's No.2 lender by assets, said its third-quarter net profit fell 19% as bad loans rose, although the profit decline was smaller than expected.

Net profit fell to Rs 2,442 crore for the three months to Dec. 31, from Rs 3,018 crore reported a year earlier, the Mumbai-based lender said on Tuesday.

JLR to recall over 6,000 units in China; Tata Motors shares fall 2.7%

JLR to recall over 6,000 units in China; Tata Motors shares fall 2.7%

The shares of Tata Motors fell on Tuesday after there were reports that said that Jaguar Land Rover (JLR) was set to recall over 6,000 units in China to fix faulty seat belts.

On the news, the shares of Tata Motors, which owns JLR fell 2.7% to Rs 518.00 apiece. At 1458 hours, the shares were trading at Rs 523.75 down Rs 8.75 or 1.64% lower from previous close.

H1-B visa effect: Infosys, TCS, Wipro tank up to 5%

H1-B visa effect: Infosys, TCS, Wipro tank up to 5%

Stocks of largecap information technology (IT) companies such as TCS, Infosys and Wipro tanked up to 5% in intraday trade on reports that a legislation has been introduced in the US House of Representatives, which among other things, calls for more than doubling the minimum salary of H-1B visa holders to $130,000.

The move, experts say, will make it difficult for the software services firms to replace American employees with foreign workers, including from India.

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