The benchmark Sensex rebounded by over 217 points and the Nifty took back the 7,800-mark in the beginning of the session on Monday, snapping its three-session losing spell, driven by value-buying by retail investors amid a firm trend in Asian bourses.

The 30-share barometer surged 217.36 points, or 0.85%, to 25,519.26, with all sectoral indices led by FMCG, metal and realty stocks, in the green, rising by up to 2.85%.

ITC has rallied 7.5% to Rs 355 in early morning trade, extending its Friday’s 1.5% gain on the BSE after reporting a better-than-expected performance for the quarter ended March 31, 2016 (Q4FY16).

The stock is currently trading near its 52-week high of Rs 360, touched on October 26, 2015 during intra-day trades.

India's flagship explorer Oil and Natural Gas Corporation (ONGC) is facing a repeat of the Krishna Godavari (KG) basin fiasco in Iran, as lengthy negotiations on terms may drive it to a point where its discovered gas reserves in Farzad-B field in the Persian Gulf may be drawn out by neighbouring Saudi Arabia.

State-owned ONGC alleges that 11.12 billion cubic meters of natural gas worth Rs 11,055 crore has flowed from its idling KG basin blocks in Bay of Bengal blocks to neighbouring KG-D6 fields of Reliance Industries.

India's Tata Motors is in talks with a local manufacturer in Iran to set up a joint venture for assembling its petrol cars here, as it looks to tap the fast growing market that has just emerged from sanctions.

Tata Motors is talking to Iran Khodro company for a joint venture to assemble knocked down units of the petrol versions of its models, including the latest compact car Tiago, Bolt and Zest, which are powered by the company's new Revotron petrol engines, sources said here. Knocked down version of the cars will be imported and assembled at Iran Khodro's manufacturing facility after adding local contents like tyres and batteries.

Apple is the latest US technology giant looking to harness Indian talent as it eyes customers in the country to buy its products. This comes at a time when growth in its most important markets -- China and the US -- have begun to taper off. The prospect of the Indian economy peaking and the demographics allow American firms to set up bases in the country.

Apple, which opened its map development centre in Hyderabad, will employ nearly 4,000 people making teh facility the largest technology hub outside of its headquarters in Cupertino, California.

As a late Friday coda to this week’s news of Nokia’s old feature phone business getting sold once again, today Nokia quietly confirmed it is laying off 1,032 employees in its home market of Finland. The cuts will come across all business units.

On top of putting the news out in the evening on the very last day of the week, the announcement was further downplayed by being released only in Finnish.

Weather, access and traffic make India an ideal market for e-commerce.

Growing Internet access, largely through smartphones, and the increasing emphasis on cashless transactions make it a potentially lucrative market for e-commerce.

The country’s sheer size and its population make it a potentially big market for e-commerce.

Mumbai: The Indian rupee on Friday weakened for the seventh consecutive session against the US dollar, on concerns of slowing dollar inflows. Fall in local equity markets for the third consecutive session also dampened investor sentiment.

The home currency closed at 67.45—a level last seen on 2 March, down 0.11% from its previous close of 67.37. The rupee opened at 67.42 per US dollar and touched a low of 67.50, a level last seen on 9 March.

The BSE Sensex and NSE Nifty fell for the third consecutive day on Friday on account of weak European cues coupled with tighter P-Note norms. Sensex closed 97.82 points down at 25301.90 while Nifty 50 index settled 33.70 points down at 7,749.70.

Traders also remained cautious on Friday over the possibility of an interest rate hike by the US Federal Reserve as early as June

The latest amendments to the holding structure of Infrastructure Investment Trusts (InvIts) is likely to make the instrument more lucrative for the sponsors of the infrastructure assets to be put under business trust.

Stock markets regulator SEBI on Thursday allowed mandatory sponsor holding in InvIT to be reduced to 10% from current requirement of 25%, subject to certain conditions. SEBI also increased the number of sponsors from 3 to 5.

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.