Sao Paulo: On 16 July 1950, Uruguay beat Brazil 2-1 in Rio de Janeiro to win the World Cup. In that simple fact lies a national tragedy that has haunted Brazil since, in ways that perhaps only Indians, prone to allowing such events to dominate their lives, will appreciate.

Equity benchmarks continued to be in positive terrain supported by HDFC twins and auto stocks. The Sensex rose 67.47 points to 25541.36 and the Nifty gained 10.10 points at 7636.95.

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.4 percent and 0.5 percent, respectively. About 1700 shares have advanced, 1327 shares declined, and 95 shares are unchanged.

MUMBAI: ICICI Bank, the country's largest private sector lender by assets, has let go 1,200 of its staffers, and a few hundred may be on their way out as part of an exercise to cut flab, two people familiar with the development said.

AIR INDIA has expressed concern over the recent increase in the bilateral seat allocation for Abu Dhabi and Dubai in a presentation to the new aviation minister on Tuesday, said officials with the airline.

“We have also raised our concerns about the launch of two new airlines that will soon start flying in the country,” the official said.

The offer for sale (OFS) of L&T Finance Holdings has been subscribed 3.2 times on the National Stock Exchange (NSE). Parent Larsen & Toubro had offered 16.5 million shares for sale, leading to a dilution of 0.96 per cent stake, at a floor price of Rs 74 each. It had said it may sell up to 11 million shares, in addition to the sale of shares.

The Securities and Exchange Board of India (Sebi) has written to the Reserve Bank of India (RBI) to explore the possibility of mutual fund schemes being granted an ongoing window to meet liquidity needs.

Such windows have previously been made available to mutual funds during times when the industry has faced a severe cash crunch. The stock market regulator has invited the central bank's feedback on whether such a repo window can be used to provide stability on an ongoing basis in addition to in times of such crises.

In the early 1990s, the darling at Lyons Range, where the Calcutta Stock Exchange was located, was Hindustan Motors, or just Motor as the brokers called it. In the bourse where 3,400 companies were listed, Motor traded at around Rs 150. Old timers at the exchange recall the buzz surrounding the stock. Today, just a decade and a half since, the stories of both the stock exchange and Hindustan Motors are headed for an ignominious end.

In his maiden Parliament speech, Prime Minister Narendra Modi on Wednesday said the social and economic development of minority communities did not amount to appeasing them but would be an element in restoring India's place in the world. He was replying to the 'motion of thanks' to the President's speech outlining the Bharatiya Janata Party (BJP) -led government's road map.

New Delhi: Tata Motors-owned Jaguar Land Rover on Wednesday reported a 20% increase in global sales to 38,831 units in May.

The Jaguar brand sold 6,450 units, up 4%, while the Land Rover sold 32,381 units, a growth of 23%, the company said in a statement.

Mumbai: The 30-share bellwether BSE Sensex on Thursday was trading flat tracking weak cues from Asian equity markets.

At 09.17am, the Sensex was trading lower by 0.03%, or 8.09 points, at 25,481.98 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading down 0.03%, or 2.45 points, at 7,624.40 points.

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