Stock markets closed on Thursday and Friday on account of Mahavir Jayanti and Good Friday
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BSE Sensex, NSE Nifty are closed on Thursday and Friday due to public holidays. Trading will resume on Monday.
The benchmark BSE Sensex on Wednesday began the new fiscal year on a promising note by gaining more than 300 points to settle the day at 28,260.14, recording first weekly gain in three weeks while Sun Pharmaceutical Industries and Ranbaxy Laboratories surged ahead of a planned merger.
After a slightly lower start at 27,954.86, the 30-share BSE barometer slipped further to 27,889.02. However, with the emergence of widespread buying the index surged to day’s high of 28,298.34.
It finally closed at 28,260.14, higher by 302.65 points, or 1.08 per cent than its previous close.
The 50-share NSE Nifty, retested the crucial 8,600-mark but settled 95.25 points higher, or 1.12 per cent, at 8,586.25.
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For Samsung Group, this has been a year of milestones. First, a rare public apology from its flagship Samsung Electronics Co., followed by a bumper share buyback. And now, South Korea’s biggest conglomerate has named a woman that’s not member of its founding family as chief executive officer of a group company for the first time in its 86 years.
In a country where women business leaders have long struggled to make inroads into corporate boards and C-suites, the appointment of Kim Kyung-Ah as president and CEO of Samsung Bioepis Co. is a story likely to inspire the next generation of executives.
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As cyclone 'Fengal' approaches Tamil Nadu, several parts of the capital Chennai will face a five-our power cut on Wednesday and Thursday, i.e., November 27 and 28 due to the maintenance work.
The power cut in Chennai will take place between 9 a.m. to 2 p.m., said a report by dtnext.in, adding that it may be restored if the maintenance work is completed.
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Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said.
Two sources familiar with Trump's plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico even as the US oil industry has warned the policy could hurt consumers, industry and national security.
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Congress leaders from Wayanad handed over the election certificate of the parliamentary by-election to party general secretary Priyanka Gandhi Vadra in the presence of Rahul Gandhi here on Wednesday.
Sources said Priyanka Gandhi is likely to take oath in the Lok Sabha on Thursday.
Leaders from Wayanad handed over the election certificate of the Wayanad parliamentary by-election to Priyanka Gandhi and conveyed their best wishes.
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The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.
About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.
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