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Sensex struggle to stay adrift, fall 258 points for the week

Sensex struggle to stay adrift, fall 258 points for the week

Stocks: The BSE benchmark Sensex fell to mark biggest weekly loss in a month, falling 257.62 points to finish at 26,489.56, while the broader Nifty fell below the crucial 8,150-level.

The market began the week on negative note with dismal IIP data, US president-elect Trumps blunt talk on visas and surging crudeoil affecting the stocks, however, immense caution focused on two day US Fed Reserve policy meeting.

Tamil film 'Visaranai' out of Oscar race

Tamil film 'Visaranai' out of Oscar race

Tamil film Visaranai, which was India's official entry to the Oscars in the Foreign Language Film category, has failed to make it to the shortlist of nine movies that will advance in the race.

The crime-thriller, produced by actor-filmmaker Dhanush and written and directed by Vetrimaaran, was selected by Film Federation of India to represent India at the 89th Academy Awards.

Sensex closes down 30 points, logs biggest weekly fall in a month

Sensex closes down 30 points, logs biggest weekly fall in a month

Mumbai: Sandwiched in a tight range, the Sensex closed down for the third day as prospects of more US interest rate hikes next year continue to keep investors on edge.

For the week, Sensex lost 257.62 points, or 0.96 %, and the NSE Nifty 122.30 points, or 1.48%. The weekly decline is the biggest since 18 November, when the Sensex registered a fall of 668.58 points and the Nifty 222.20 points.

Paytm alleges it was cheated by customers; CBI files FIR

Paytm alleges it was cheated by customers; CBI files FIR

CBI has registered an FIR against some customers of digital wallet PayTm on the company's complaint that it has allegedly been cheated to the tune of Rs 6.15 lakh by customers based in New Delhi.

It is rare for the agency to take up such cases unless they have been referred by the central government or there are directions by the Supreme Court or a high court.

BHEL bags Rs 200-cr railway order for traction converters

BHEL bags Rs 200-cr railway order for traction converters

The state-owned BHEL today said that it has bagged a major order from Indian Railways for supply of IGBT-based traction converters.

"Bharat Heavy Electricals Ltd (BHEL) has bagged a major order for supply of 118 sets of IGBT-based traction converters for 3 Phase 6,000 HP electric locomotives," the company said in a statement.

TRAI's recommendation to impose fine arbitrary: Vodafone tells Delhi HC

TRAI's recommendation to impose fine arbitrary: Vodafone tells Delhi HC

Telecom major Vodafone on Friday told the Delhi High Court that the Telecom Regulatory Authority of India's recommendation to the Centre to impose Rs 1050 crore penalty on it for not giving interconnectivity to Reliance Jio was an "arbitrary" decision.

TRAI has recommended imposition of a fine of Rs 50 crore for each of the 21 circles of Vodafone, except in Jammu and Kashmir, coming to a total of Rs 1050 crore.

Sebi chief stands by norms for directors

Sebi chief stands by norms for directors

Mumbai, Dec. 15: Sebi chairman U.K. Sinha today defended the current regulations on independent directors and said there was no urgency to review them.

Sinha's comments come at a time the spat between the Tatas and Cyrus Mistry has put the spotlight on independent directors.

Yahoo shares tumble as investors fear Verizon acquisition trouble

Yahoo shares tumble as investors fear Verizon acquisition trouble

Yahoo shares tumbled 6% on Thursday as investors feared that the latest Yahoo hack could spell bad news for its sale to Verizon.

This is the second major hack revelation in recent months and there’s speculation that Verizon could be spooked. Some are wondering if Verizon will ask for a discount on the $4.8 billion dollar deal or scrap it altogether.

Hike in petrol, diesel prices deferred

Hike in petrol, diesel prices deferred

New Delhi: The PSU oil companies have deferred a planned Rs2.26 a litre hike in petrol and Rs1.78 increase in diesel.

Indian Oil Corporation (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise rates, particularly when a price cut is necessitated, on 1st and 16th of every month based on average international price in the previous fortnight. But an increase that was warranted because of a rise in international gasoline (petrol) price to $62.82 per barrel from $57.43 and that of diesel to $60.97 from $56.79 was deferred on Friday.

Maruti Suzuki to sell Ignis online too with eye on millennial buyers

Maruti Suzuki to sell Ignis online too with eye on millennial buyers

New Delhi: In August, consumer and commercial banking arm of US-based JPMorgan Chase and Co. teamed up with digital car-buying service TrueCar to launch Chase Auto Direct to woo millennials by putting the whole car buying process—from selection to finance to booking—online. The service is limited to some states in the US.

In India, the country’s largest auto-maker Maruti Suzuki India Ltd is set to offer a similar kind of experience with its latest car Ignis which is slated to be launched on 13 January. Consumers can book Ignis online through its website nexaexperience.com.

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