Shares of Dish TV India and Den Network are trading higher in a weak market on reports suggesting that the Government is considering a proposal to hike foreign direct investment (FDI) limits to 100% in broadcasting carriage and content services, including direct-to-home (DTH) and cable networks in order to attract overseas investment and improve infrastructure.

Companies that offer broadcasting carraige services include Dish TV, Siti Cables, Hathway services and Den Networks.

Nifty closed 2nd consecutive week in positive territory, its slow & steady extending on up side as anticipated last week. It has broken out of running triangle kind of consolidation pattern in wave-B on up side; one can expect market to extend towards higher levels targets in short term. It made a high of 8055 levels. All the indices such as Bankex, midcap & Small cap etc also closed 2nd consecutive week in positive territory.

Short term out look for the market remains positive till nifty trades above 7800 levels & expecting targets in the range of 8120-8225 levels in short term. CNX BAKEX is out performing in short term. It’s also extending as anticipated in short term.

L&T Finance Holdings, the non banking finance arm of construction giant L&T, today sold stake worth about Rs 708 crore to Boston headquartered global PE giant Bain Capital. The fund will hold 6% stake in the company.

The NBFC issued about 96 million fresh shares to the PE fund at the price of Rs 74 a piece. The stock had closed at Rs 68.6 a share on Bombay Stock Exchange on Friday giving it a market cap of Rs 11,806 crore.

Calcutta, Sept. 18: Mamata Banerjee today supported the theory that Netaji Subhas Chandra Bose did not die in a plane crash in 1945 and said she had got the impression from the declassified files that the leader was alive after that year.

" Shobta pore otha sambhab hoini. Not humanly possible. Tao ja ja dekhechhi, prathamik bhabe mone hoyechhe 1945-er poreo uni jibito chhilen. Ei prashna tar-i to jabab chai (I could not read all the files.... From whatever I have seen, it seems that he was alive after 1945. This is the question we want answered)," the chief minister told a news conference at the Calcutta Police Museum after the declassification of 64 files related to Netaji.

New Delhi: Gold spurted to hit over one-week high at Rs26,675 per ten grams by gaining Rs75 at the bullion market on Saturday amid a firming global trend and increased buying by jewellers to meet seasonal demand.

Federal Reserve’s status quo on interest rates, pickup in buying by jewellers and retailers, driven by ongoing festive and wedding season, mainly resulted in the rise of precious metals prices.

Google sent out invitations to media professionals for a press event in San Francisco on September 29, where it is expected to unveil two new Nexus Smartphones and a Chromecast.

The two new Android smartphones as per a speculation will be called the Nexus 5X and Nexus 6P and will be manufactured by LG and Huawaei, respectively, as per the droid-life report.

Taxi aggregator Ola said that it introduced number masking on its platform, which will enable mobile numbers of customers to remain undisclosed to drivers.

The aggregator integrated a cloud telephony solution, which sends an encrypted number to the driver whenever a customer books a cab.

Firm global cues, US Federal Reserve decision to maintain status quo on interest rates and continued negative WPI inflation, giving renewed impetus for a rate cut by the RBI in its monetary policy review scheduled on September 29 and a sharp appreciation in rupee helped the bulls to stage a strong performance on the street. Key benchmark indices registered a sharp rise of over 2 per cent for the week ended September 18.

The BSE Sensex and NSE Nifty advanced 608.70 points and 192.60 points to 26,218.91 and 7,981.90 on September 18 from 25,610.21 and 7,789.30 on September 11.

India’s national carrier Air India, the brand that today encompasses both the erstwhile Indian Airlines and Air India, has posted a loss (Rs 5,547 crore) for the eighth successive year since its merger in March 2007.

The accumulated loss is now more than Rs 44,000 crore ($7.3 billion)–equal to India’s annual health budget–and borrowing has grown to more than Rs 38,000 crore ($6.3 billion), according to data compiled by IndiaSpend from the Department of Public Enterprises.

NEW DELHI: Japanese car major Honda has recalled over two lakh cars — comprising CR-V SUV , City and Civic sedans and the Jazz hatchback — to fix problems with airbags. This is the biggest car recall in India. The models were manufactured between 2003 and 2012.

The company will recall 2,23,578 cars to replace airbag inflators. The defective airbag inflators were supplied by tainted Japanese supplier Takata. Honda and other Japanese car makers like Toyota and Nissan had to recall lakhs of cars across the world due to defective airbags supplied by Takata.

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