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17 October, 2016 3:59 AM Live: Sensex gains 50 points in early trade; ICICI Bank rises 3%

BSE Sensex gains 49.11 points, or 0.18%, to 27,722.71, while the Nifty is up 3.45 points, or 0.04%, to 8,586.85 9:40am: The 30-share S&P BSE Sensex is currently trading higher by 49.11 points, or 0.18%, to 27,722.71, while the Nifty 50 of the National Stock Exchange (NSE) is up 3.45 points, or 0.04%, to 8,586.85. 9:35am: ICICI Bank Ltd rises 3.1%, State 121

17 October, 2016 3:56 AM Life Insurers new biz premium up 61% at Rs 16,767 cr in Sep

Their collective first year (or new business) premium during September 2015 stood at Rs 10,415.35 crore, data collected by the Insurance Regulatory and Development Authority showed. Of the 24 life insurers, state-owned LIC collected new business premium of Rs 11,117.48 crore, up 65.3 per cent against last year's Rs 6,724.88 crore a year ago. The rest together 101

16 October, 2016 2:46 PM Air India mulls Rs 10,000-cr debt rejig

Currently, the airline's debt is estimated to be more than Rs 50,000 crore Air India, which is operationally profitable now, is looking to rejig debt worth Rs 10,000 crore under the scheme for sustainable restructuring of bad assets floated by the Reserve Bank of India (RBI). To further strengthen the ability of lenders to tackle stressed assets and provide 281

16 October, 2016 11:44 AM HDFC, Six Other Companies Lose Rs 46,108 Crore In Market Value

New Delhi: The combined market valuation of top seven companies diminished by Rs 46,107.96 crore during the week ended October 14, with HDFC and Reliance Industries Ltd (RIL) taking the steepest hit. Among the top ten, only ITC, Oil and Natural Gas Corporation (ONGC) and Infosys saw a rise in their market capitalisation (M-Cap) for the week, while TCS, RIL, HDFC Bank, HDFC, Coal India 102

16 October, 2016 7:06 AM Top seven cos lose Rs 46,108 crore in market valuation

The combined market valuation of top seven companies diminished by Rs 46,107.96 crore last week, with HDFC taking the steepest hit. HDFC's valuation slumped Rs 13,685.57 crore to Rs 2,08,958.31 crore, while that of RIL plummeted by Rs 10,296.86 crore to Rs 3,49,671.55 crore. The m-cap of HUL plunged Rs 7,877.96 crore to Rs 1,82,221.11 crore and of HDFC Bank tanked 241

13 October, 2016 3:53 PM Sensex mirrors changes in economy over 30 years

The BSE exchange's benchmark 30-share Sensitive Index, or Sensex, has mirrored changes in the economy in the past three decades. In this period, total Sensex market capitalisation has zoomed more than 300 times, to Rs 47.8 lakh crore from Rs 14,800 crore. Since it was first compiled in 1986, the Sensex has come to be known as market bellwether and a chronicler 209

13 October, 2016 12:18 PM Sensex at 3 month low, crashes 439 points on global sell-off

Indian stocks tumbled like nine pins today, with the benchmark Sensex plunging over 439 points to close at a three-month low of 27,643.11 after a slew of global factors such as weak Chinese export data and Fed rate hike talks unnerved investors. Besides, a caution ahead of retail inflation numbers - to be released after market hours today- and key quarterly 206

12 October, 2016 4:22 AM Snapdeal ‘Unbox Diwali sale’ second season: From Apple iPhone 7 to Samsung Galaxy J2 Pro; top 5 deals of the day

Snapdeal's Unbox Diwali sale: The festival season sale are still there! Snapdeal has now announced the second edition of 'Unbox Diwali Sale' that begins today and will end on October 14. Coinciding with Flipkart’s Big Billion Sale, Snapdeal had launched its first Unbox Diwali Sale from October 2-6 and claims to have sold over 11 million units during 293

11 October, 2016 5:54 AM Modi government eyes merger of two big state-run banks after debt cleanup

NEW DELHI: India may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live. Consolidation of India's public-sector banks would represent a final step in rebuilding a financial 108

11 October, 2016 5:28 AM Government Eyes Merger Of Two Big State-Run Banks After Debt Cleanup

New Delhi: Government may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live. Consolidation of India's public-sector banks would represent a final step in rebuilding a financial 88