ITC was up 3% to Rs 257 on BSE in intra-day trade, extending its 5% gain in the past two trading sessions, after the goods and service tax (GST) council has finalized four tax rate slabs ranging from 5% to 28%.

Luxury items like white goods, soaps, shampoos, etc. which currently attract taxes in the range of 30% - 35%, will now fall in the 28% slab. Coal, luxury goods (luxury cars, etc.) and “sin” goods like tobacco, alcohol, etc. would attract cess over and above GST.

MUMBAI: Reversing its five-day losing streak, the benchmark Sensex surged 317 points and the NSE Nifty reclaimed the 8,500-mark today amid positive developments on US election front as the FBI said Hillary Clinton would not face charges over her use of a private email server.

Short-covering of bets by speculators also supported the upmove.

Shares in India’s PNB Housing Finance Ltd rose as much as 16.1 percent on their market debut on Monday after the company’s $450 million initial public offering.

The stock opened at 860 rupees on the National Stock Exchange, and rose to a high of 900 rupees as of 0434 GMT, compared with the IPO issue price of 775 rupees.

US-based online retailer Amazon has been ranked as the most attractive Internet brand in the country ahead of rivals Flipkart and Snapdeal as well as search engine giant Google, according to India's Most Attractive Brands Study 2016.

"For the first time in three years, Amazon has been declared as the most attractive Internet brand (96th rank overall)...," said the study carried out by Trust Research Advisory (TRA).

Finance Minister Arun Jaitley on Saturday said public and foreign investment remains intact, but private sector expansion is needed in a big way to let the economy start firing on all cylinders.

Observing that domestic investment continues to be a challenge, Jaitley called upon the banking sector to support corporates to propel growth.

India and China have agreed to maintain the pace of their high-level exchanges in counter-terrorism and other fields after "friendly and open" discussions between their National Security Advisors.

NSA Ajit Doval and his Chinese counterpart Yang Jiechi, State Councillor, concluded their discussions in Hyderabad yesterday in a "friendly, open and cordial environment", it was officially stated here today.

In a double whammy, two non- bailable warrants (NBW) were issued against beleaguered businessman Vijay Mallya on Friday in separate criminal cases by two courts in Delhi, both of which observed that he neither had any regard for law, nor any intention to return to India. One of the courts also said coercive steps could be taken against Mallya straight away as there was "no discernible inclination" on his part to submit to the jurisdiction of the court.

NASA's Magnetospheric Multiscale mission (MMS) has set the Guinness World Record for highest altitude fix of a GPS signal at 70,000 kilometres above the surface of the Earth.

Operating in a highly elliptical orbit around Earth, the four MMS spacecraft incorporate Global Positioning System (GPS) measurements into their precise tracking systems, which require extremely sensitive position and orbit calculations to guide tight flying formations.

State-owned Punjab National Bank on Saturday reported a 11.5 per cent fall in net profit to Rs 549.36 crore for the quarter ended September 30, amid a rise in provisions for bad loans.

The bank had reported a net profit at Rs 621.03 crore during the July-September quarter last financial year.

Republican presidential nominee Donald Trump has a "casual disregard" of the US Constitution and does not believe in the rule of law, his Democratic rival Hillary Clinton has alleged, underlining the need to take on discrimination and bigotry.

"He (Trump) has casual disregard of our Constitution. He doesn't seem to understand the rule of law, that we really are a nation of laws, not men," Clinton said addressing an election rally in Detroit, Michigan.

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