BUSINESS
Elon Musk about Tesla in India and why he can't visit the country
He said that Tesla Motors chief financial officer who is also from India would decide on the timeframe
BUSINESS
Markets@Moneycontrol: Bulls make a comeback on D-Street
Investors awaited March quarter GDP growth numbers due later in the day.
BUSINESS
Podcast | Fireworks on expiry day! Sensex jumps over 400 points; Nifty above 10,700
Sectorally, the S&P BSE Banking index rose 1.9 percent, followed by the S&P BSE oil & gas index which gained 1.1 percent, and the S&P BSE FMCG index was up 0.58 percent.
POLITICS
BJP reports income of Rs 1,034 crore, 4.6 times that of Congress
The total donations received by national parties during FY 2016-17 swelled by Rs 487.36 crore
BUSINESS
Excluding rebels, BJP's Lok Sabha tally dips to 272 after Kairana, Bhandara-Gondiya loss
The BJP which began its tenure with 282 Lok Sabha seats has seen its overall tally dip to 274 seats.
BUSINESS
Government sets modest target for electric vehicle sales: Report
The government has taken into consideration the possible roadblocks in the process of adopting electric mobility while setting new targets
BUSINESS
Late rally helps Nifty end May series above 10,700; Sensex zooms 416 pts on HDFC Bank aid
In the May series, the Sensex gained 1.7 percent and the Nifty rallied 1.1 percent while Bank index surged more than 7.5 percent.
POLITICS
Congress may stake claim to form government in Meghalaya after winning bypoll
In Meghalaya’s 60-member assembly, Congress now has 21 members after the Ampati win, making it the single largest party in the house
BUSINESS
Hackers demand $1m in Ripple coins after gaining access to sensitive bank data
It was not clear however if the hackers wanted the ransom equivalent in US dollar terms or Canadian dollars
BUSINESS
Principal Mutual Fund revises benchmark index for blue chip fund
The scheme will be benchmarked against Nifty Large Midcap 250 Index
BUSINESS
Pine Labs raises $125 million from Temasek and PayPal
Pine Labs plans to use Temasek's knowldege of financial services companies and its deep-rooted network in many Asian markets, along with PayPal's product expertise.
BUSINESS
Xiaomi launches Mi 8 flagship smartphone
The company also launched a special variant, Mi 8 Explorer Edition, which has additional features such as in-display fingerprint sensor, transparent back and 3D face recognition
BUSINESS
See support for MCX Crude at Rs 4,570-4,490/bbl levels
Crude oil should continue to remain under pressure as higher inventories, increasing US production and the OPEC meeting on Sunday weigh on prices.
INDIA
Engineering student sells Audi for Rs 17.5 lakh – steals it back using duplicate key
The M. Tech. student has been arrested by the Delhi police and the car has been recovered
BUSINESS
Previous govts gave LPG connections to 13 cr families in 67 years, Modi regime will do it in 5: Pradhan
India aims to increase LPG usage to cover 80 percent of its households by March 2019
BUSINESS
Archidply Industries touches 52-week low; reports Rs 3 cr loss in Q4
The company has reported net loss of Rs 3.16 crore against profit of Rs 1.64 crore in a same quarter last fiscal.
BUSINESS
Orient Cement stock jumps 15% after deal to buy 2 units from Jaypee called off
The CK Birla Group firm has terminated the agreement to acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore.
BUSINESS
Dilip Buildcon down 17% even after auditors clarify they haven't resigned
But the company in its clarification note to exchanges on Wednesday said that there was no truth in the matter and the rumors are baseless.
INDIA
Bangladesh strain of Nipah virus responsible for outbreak in Kerala, death toll reaches to 15
First identification of Nipah virus as a cause of an outbreak of encephalitis was reported in 2001 in Meherpur district of Bangladesh.
BUSINESS
JM Financial sees Nifty at 11,800 by December-end; bets big on FMCG, IT
In the case of IT, he has a target of 15,000 on the CNX IT index.
BUSINESS
Pricol slips 4% as JV with Zorg Industries called off
The board recommended a dividend of Re 1 per share (100%) to the shareholders of the company for the year March 31, 2018.
BUSINESS
Baba Ramdev’s Kimbho app disappears from Google Play Store; security researcher terms it a 'disaster'
Kimbho, meaning ‘What’s up?’ in Sanskrit, was released by Patanjali on Wednesday as a ‘swadeshi’ messaging application.
SPORTS-TRENDS
Podcast | Deep Dive - Citius, Altius, Fortius…Pauperculus? The economics of Olympics
Few things inspire a country’s patriotic spirit like the hosting of a major global sporting event like the World Cup or the Olympics
BUSINESS
Income tax authorities to examine Walmart-Flipkart deal: Report
Walmart earlier this month announced that it would purchase a 77 percent stake in Flipkart for USD 16 billion
