Benchmark indices snapped two-week rally on account of profit booking and weak global cues. The 30-share Sensex plunged 207.28 points, or 0.77 per cent, to 26,635.75 on June 10 from 26,843.03 on June 3. Likewise, the 50-share Nifty index lost 50.75 points to 8170.05 from 8220.80 during the same period.

Benchmark indices snapped two-week rally on account of profit booking and weak global cues. The 30-share Sensex plunged 207.28 points, or 0.77 per cent, to 26,635.75 on June 10 from 26,843.03 on June 3. Likewise, the 50-share Nifty index lost 50.75 points to 8170.05 from 8220.80 during the same period.

Leading industrialist Ratan Tata has invested in e-ticketing company Kyazoonga in his personal capacity.

The company, however, did not disclose the details of the funding or the total amount it has raised till date.

New Delhi: Polling is being held on Saturday in the crucial election to 27 Rajya Sabha seats in seven states, with a keen contest on cards in Uttar Pradesh, Karnataka and Haryana.

While 30 of the total 57 seats in the current round of biennial elections to the Upper House have already been decided without a contest, the fate of candidates for the remaining 27 seats will be decided by Saturday evening when the results will be announced.

Nearly a dozen leading IT companies on Friday declined to confirm or acknowledge employees right to form labour unions to redress their grievances invoking the provisions of Industrial Disputes Act 1947.

Some of the tightlipped IT companies are Infosys, Wipro, TCS, Flipkart, Microsoft, Mphasis, Juniper and Amazon India.

Indian markets regulator Securities and Exchange Board of India (Sebi) has put in place a stricter know your customer (KYC) and disclosure regime for participatory notes (P-Notes) to make it tougher to use these offshore instruments without disclosing the money-trail and details of their users.

Indian markets regulator Securities and Exchange Board of India (Sebi) has put in place a stricter know your customer (KYC) and disclosure regime for participatory notes (P-Notes) to make it tougher to use these offshore instruments without disclosing the money-trail and details of their users.

Citing examples of various foreign companies, including at least one from India, a top American Senator has sought federal investigation into the alleged misuse of tourist visa to bring in foreign workers into the US.

"Given the problem such fraud and abuse in the B visa programme poses for American workers as well as the foreign workers who are mistreated and underpaid, I request that the departments respond to the concerns," Senate Judiciary Committee Chairman Chuck Grassley asked in a letter to the US Attorney General Loretta E Lynch.

Government will have to infuse Rs 1.2 lakh crore into PSU banks by 2020 to bolster their balancesheets and make good the losses suffered by them, Moody's Investors Service said.

This is way higher than an additional Rs 45,000 crore capital infusion plan envisaged by the government.

Shares of Yes Bank rose on Friday after the bank said it has acquired an 8 per cent stake in Receivables Exchange of India (RXIL).

The stock closed 2.11 per cent up at Rs 1062.25 on BSE. On NSE, it jumped 2.30 per cent to Rs 1,064.00.

The BSE Sensex and NSE Nifty ended lower on Friday on account of selling in frontline blue chip counters taking cues from global counterparts. Investors also maintained cautious stance ahead of industrial production data for April which is scheduled to be released later in the day.

Sensex closed 127.71 points down at 26635.75, while Nifty 50 index closed 33.55 points down at 8170.05.

India’s largest IT company, Tata Consultancy Services (TCS), has become the third conglomerate to invest large cash holdings in government bonds, a trend that could boost the young debt market but also stir volatility.

TCS ploughed $3 billion into the market from January to March, its annual balance sheet showed last month, shifting funds that totalled 80 percent of its surplus cash position. Previously the company had largely invested in mutual funds.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.