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17 August, 2017 4:03 PM Infosys stock gains 5% on buyback plan; mcap up Rs 10,189 crore

The company's market valuation also zoomed Rs 10,189.78 crore to Rs 2,34,554.78 crore. New Delhi: The Infosys scrip gained nearly 5 percent on Thursday following the company's announcement that its board will on Saturday consider a proposal for buyback of equity shares. The stock jumped 4.54 percent to settle at Rs 1,021.15 on BSE. During the day, it had soared 23

17 August, 2017 4:03 PM PNB, HDFC Bank cut interest rate on savings account by 0.5%

The new interest rates of both the banks will be effective from August 19. New Delhi: Two leading lenders PNB, HDFC Bank on Thursday slashed interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits up to Rs 50 lakh. Besides, Punjab National Bank (PNB) has also reduced interest rates on fixed deposits of less than Rs 1 crore 24

17 August, 2017 2:56 AM Nokia 8: Specs, ZEISS dual cameras, expected India launch, price and everything to know

All the rumours can be now laid to rest. Nokia has just taken the wraps off its first Android flagship smartphone at an event in London. Dubbed Nokia 8, the phone comes with a premium all-metal design, top of the line specifications, a Carl Zeiss powered dual camera setup at the rear, 100 per cent stock Android and more. Although happy at the return 27

16 August, 2017 9:07 AM Coal India slips 2% on weak Q1 numbers

Shares of Coal India slipped nearly 2 percent on the back of poor first quarter numbers. The company's Q1FY18 net profit declined 23.3 percent at Rs 2,351.2 crore against Rs 3,065.3 crore in a year ago period. Revenue of the company was up 4.3 percent at Rs 20,567.8 crore versus RS 19,728.05 crore. The company's other income increased at Rs 1,206.6 crore 20

16 August, 2017 4:01 AM JK Tyre declines 8% as co reports loss in Q1

Shares of JK Tyre and Industries declined nearly 8 percent intraday Wednesday as the company has reported net loss in the quarter ended June 2017 (Q1FY18). The company has registered consolidated loss at Rs 108 crore in the quarter ended June 2017 against profit of Rs 100 crore, in the same quarter last year. Revenue of the company was down at Rs 1,943 crore 22

16 August, 2017 3:47 AM Defiant After Backlash, Trump Says 'Both Sides' To Blame In Virginia Violence

Donald Trump reiterated Tuesday that neo-Nazis and white nationalists should be "totally condemned." New York: President Donald Trump on Tuesday revived his declaration that "both sides" were to blame for deadly violence at a white supremacist rally over the weekend in Charlottesville, abandoning his message from a day earlier that had emphasized the culpability 23

15 August, 2017 9:20 AM Life insurers' new biz premium up 47% to Rs 20,428-cr in July

The new premium of life insurance companies increased by 47.4 percent to Rs 20,427.68 crore in July, data from sector regulator Irdai shows. Comparatively, all the 24 life insurers in the country had earned Rs 13,854.44 crore as insurance premium from new business in July 2016. Country's largest and the only public sector insurer LIC reported an increase 30

15 August, 2017 6:56 AM Trade deficit widens to $11.5 bn in July: Exports see 3.94% growth at $22.5 bn, import jumps 15.42%

India saw a 3.94 percent year-on-year growth in imports in the month of July with the total value of shipments at USD 22.5 billion as compared to USD 21.6 billion the corresponding month in 2016. Commerce Ministry on Monday released the imports and exports details. In the month of July, commodity groups of export showing positive growth were engineering 32

15 August, 2017 2:33 AM Independence Day 2017: Full text of PM Narendra Modi’s speech from Red Fort

Independence Day 2017: Prime Minister Narendra Modi today greeted the nation from the ramparts of the Red Fort on the occasion of 71st Independence Day of the Country. PM Modi started his speech by recalling the victims of recent Gorakhpur tragedy in which over 60 children affected by encephalitis allegedly died due to oxygen supply cu. He also recalled 34 2

14 August, 2017 10:03 PM VMware sees strong Q2 demand, ups outlook for fiscal year

The company is growing license revenue at a healthy clip as its software-defined businesses fare well. VMware said its second quarter results will be better than expected and it raised its outlook for its fiscal year. The company said that its revenue for the second quarter will be between $1.89 billion and $1.906 billion, up roughly 12 percent from a year ago. VMware 20