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Hyundai Motor union stages first full strike in 12 years

Hyundai Motor union stages first full strike in 12 years

Hyundai Motor's South Korean labour union staged its first full nationwide strike in 12 years on Monday over stalled wage talks, putting the automaker's earnings and sales targets at risk.

The full-day walkout came after a series of partial stoppages since July at the automaker's factories across South Korea, its biggest manufacturing base which produces nearly 40 per cent of its vehicles sold globally last year.

Vodafone enhance its 3G network coverage in MP, Chhattisgarh

Vodafone enhance its 3G network coverage in MP, Chhattisgarh

Telecom operator Vodafone India had increased its 3G network in Chhattisgarh and Madhya Pradesh.

We have expanded the 3G network in 1,593 new places in both the states, the company said in a statement.

India to suspend Indus water commission talks

India to suspend Indus water commission talks

India has decided to suspend Indus water commission talks until Pakistan-sponsored terror in India ends, according to sources.

The decision was taken at a meeting chaired by Prime Minister Narendra Modi on Monday to review the Indus Water Treaty (IWT) with Pakistan amidst heightened tension between the two countries.

Rahul should retire, BJP likely to dominate for next 20 years: Ramachandra Guha

Rahul should retire, BJP likely to dominate for next 20 years: Ramachandra Guha

Prominent historian Ramachandra Guha, a well-known critic of the RSS and BJP, shocked a few people when he suggested Congress scion Rahul Gandhi ought to take a permanent hiatus from Indian politics. Guha also suggested that BJP would be the most powerful party in India for the next 20 years.

He compared the electoral strength of the BJP to the Congress of the 60s and 70s when Indian politics was dominated by one party. He told Economics Times: Rahul Gandhi is an object of ridicule and contempt by people who would otherwise be attracted to a liberal Congress point of view… Rahul Gandhi should retire from politics, get married and start a family. That will be good for him. That will be good for India also.

Sensex falls 374 points to end near 1-month low; banks weigh

Sensex falls 374 points to end near 1-month low; banks weigh

Benchmark indices ended over 1% lower, amid weak global cues, with rate-sensitive sectors especially financials leading the decline. Investors' focus across the globe has shifted to American politics ahead of the first US presidential debate.

Besides, domestic markets will remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2016 series to October 2016 series. The near month September 2016 derivatives contracts expire on Thursday, 29 September 2016.

Amazon pushes Bollywood button to get more Prime customers in India

Amazon pushes Bollywood button to get more Prime customers in India

Amazon has signed a long term deal with Karan Johar's production outfit to bring latest Bollywood movies to its Prime customers, the premium service that it is building in India to lock in customers and take on local rival Flipkart.

In the US, Amazon has been able to get nearly half of all households to subscribe to Prime, which offers exclusive movies and shows, quick deliveries at no cost and early access to deals. These customers spend $1,100 on an average, twice as much as a normal user to buy goods on its e-commerce platform.

Reliance Industries, BPCL, Indian Oil hit 52-week highs

Reliance Industries, BPCL, Indian Oil hit 52-week highs

Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Castrol India from the S&P BSE Oil & Gas index hitting their respective 52-week highs in intra-day trade on Monday.

At 03:07 PM, the S&P BSE Oil & Gas index was up 0.16%, as compared to 1.2% decline in S&P BSE Sensex. The index hit an intra-day high of 11,573, its highest level since September 10, 2014.

NTPC to raise $500-700 mln in new Masala bonds

NTPC to raise $500-700 mln in new Masala bonds

India's largest energy conglomerate NTPC will raise USD 500-USD 700 million in Masala bonds from the financial markets in London, Hong Kong and Singapore from November this year, a top company official said today.

"The funds raised through the bonds will be for several projects under construction," NTPC's director of finance and chief financial officer, Kulamani Biswal said after attending the launch of Singapore Exchange (SGX) Masala Bond Hub.

Mahindra & Mahindra to mobilise Rs 475 crore via NCDs

Mahindra & Mahindra to mobilise Rs 475 crore via NCDs

Home-grown auto major Mahindra & Mahindra (M&M) on Monday said it will raise Rs 475 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

In a regulatory filing, M&M said: "The Loans and Investment Committee... Has approved issuance and offer of 4,750 rated, listed, unsecured, redeemable 7.57 per cent secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating Rs 475 crore on a private placement basis."

India wins their 500th Test match, take 1-0 lead against New Zealand

India wins their 500th Test match, take 1-0 lead against New Zealand

India marked their historic 500th Test with a resounding 197-run win over New Zealand in the opening match and took a 1-0 lead in the three-match series at the Green Park Stadium here on Monday.

Chasing an improbable 434 for victory, New Zealand were bundled out for 236 in their second innings despite resolute half-centuries from Luke Ronchi (80) and Mitchell Santner (71) on the fifth day.

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