The markets are seeing mild profit-booking this morning after rallying more than 2% in the past week.

At 10.30am, the Sensex was at 27,817, weaker by 139 points and the Nifty was quoting below its crucial technical level of 8,450 at 8,417, down 39 points. The midcap and smallcap indices had, however, edged higher by 0.2% each at 10,645 and 11,226 respectively.

Reliance Industries Ltd (RIL) plans to fully resume its petrol pump network by March next year. The government, after ending diesel subsidies, has given it a level- playing field to compete with state-owned retailers.

“Reliance plans to re-commission the entire network of 1,400 outlets by the end of financial year 2015-16. As on March 31, 2015, over 300 outlets are operational,” the company said in its latest annual report.

The death toll following the two devastating earthquakes that have struck Nepal has reached 8,635 with over 300 people, including 89 foreigners, still missing.

At least 79 foreigners, including 49 Indians have been killed in the devastating earthquakes, according to a statement by the Nepal police.

Plenty of people have compared the Apple Watch to the classic Casio calculator watch; these guys went ahead and made the inevitable app. Meet GeekWatch — the app that turns your Apple Watch into an old-school calculator watch.

I mean, sure — you could buy a calculator watch on Amazon for like 15 bucks. But where’s the meta/hipster/ironic/kinda-obnoxious humor in that?

NEW DELHI: India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company.

The government hopes to sell shares in ONGC and India Oil Corp. to raise about a third of its budget target for asset sales of $11 billion - and reduce its fiscal deficit to 3.9 percent of GDP in the 2015/16 fiscal year.

Five coaches and the engine of a passenger train derailed in Kokrajhar district of Assam in the early hours today, seriously injuring its engine driver and causing minor injuries to some passengers.

Northeast Frontier Railway spokesman Jayamta Sarma said that the accident occurred between Salakati and Basugaon at 5.15 a.m as the 55753 UP Sifung passenger train was about to negotiate a bridge.

Finance Minister Arun Jaitley, while on the subject this Friday, chose not to clear the air on the Centre's stand on a policy sticking point, foreign direct investment (FDI) in multi-brand retailing.

Last week, the department of industrial policy and promotion (DIPP) had issued a policy document on FDI. In it, it had retained the earlier Manmohan Singh government's decision to allow up to 51 per cent FDI in multi-brand retailing.

Capital markets regulator Securities and Exchange Board of India (Sebi) named Infosys founder N R Narayana Murthy to head a panel to devise rules on a new funding platform for homegrown start-ups, it said on its website.

In March, Sebi had announced an alternative investment platform targeted at the country's start-ups, relaxing requirements to encourage them to list at home.

All India Anna Dravida Munnetra Kazhagam (AIADMK) general secretary Jayalalithaa was on Saturday sworn in as the Chief Minister of Tamil Nadu for the fifth time.

In a well attended ceremony at the Centenary Auditorium of the University of Madras, she and her Cabinet colleagues took oath in the presence of Tamil Nadu Governor K. Rosaiah.

Both bellwether indices BSE Sensex and CNX Nifty continued their north-bound journey for the third consecutive week, surging 634 points and 197 points, respectively, to log their 5-week closing highs on the back of a host of positive factors.

The market posted smart gains in three out of five alternate trading sessions of the week.

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