Tue, Feb 28, 2017 | updated 05:45 PM IST

Market closes in red, Nifty ends above 8500; Maruti down 1 pct

Updated: Jul 13, 2016 16:13 IST

New Delhi, July 13 (ANI): The market on Wednesday ended in red with the Nifty maintaining its mark of 8500. The index was down 1.55 points at 8519.50 while the Sensex was up 7.04 points at 27815.18.

Shares such as Tata Steel, GAIL, ONGC, Coal India and BHEL were top gainers while Lupin, Maruti, Asian Paints and Axis Bank were losers in the Sensex.

The market witnessed hike in Gold prices marginally, recovering from selling pressure in early trade that pushed bullion to a near two-week low, with investors using the opportunity to hunt for bargains even as improved risk appetite helped global equities rally.

Asian shares came within reach of testing their 2016 peak today as prospects of solid US growth and accommodative economic policy in major countries whet investors' risk appetite damaged by uncertainty from Brexit.

On the other hand, RPP Infra 's wholly owned subsidiary in Sri Lanka has bagged order from High Commission of India, Colombo worth USD 10.36 million.

The order includes construction and completion of cultural centre at Jaffna. The new order will be completed in 24 months and margins from that are expected to be around 10-12 percent, said A Nithya, Whole Time Director, RPP Infra in an interview to CNBC-TV18.

She estimated the company's current order book to be around Rs. 820 crore but she expects it to touch Rs 1000 crore by September. Currently they are L1 in four orders. The growth is expected around 25-30 percent, including new orders, she said. (ANI)

New Delhi [India], Feb 28 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday announced that it has entered into 10 more Advance Pricing Agreements (APAs) over the last one week, including seven Unilateral APAs.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): NIIT University (NU) has been recognized as the "Best Institution for promoting industry-academia interface" at the 10th ASSOCHAM Higher Education Summit 2017. The award ceremony was felicitated by Prakash Javadekar, Union HRD Minister, Government of India. The summit focused on the role and contribution of universities in building entrepreneurial ecosystems.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Online marketplace Snapdeal today announced the launch of GST Guru, a program which will include a range of initiatives to help prepare the sellers on its platform for the impending GST reforms, expected to roll out this July.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Enforcement Directorate on Tuesday attached an amount of Rs. 79,76,00,041 under PMLA in the case of Devas Multimedia Pvt. Ltd., Bangalore for illegally entering into an agreement with ISRO/Antrix Corporation (ACL Commercial Arm of ISRO) by fraudulently representing certain facts and on entering the agreement collected investments from abroad through criminal conspiracy.

Full Story >>

OECD signs MoU with CII for policy research

Updated: Feb 28, 2017 15:55 IST

New Delhi [India], Feb 28 (ANI): The Organisation for Economic Cooperation and Development (OECD) and Confederation of Indian Industry (CII) on Tuesday announced signing of an MoU with a mission to promote policies that will improve the economic and social well-being of people around the world.

Full Story >>

New Delhi [India], Feb 28 (ANI): Taxi aggregator Ola on Tuesday announced its exclusive partnership with Kolkata Metro, India's first Metro Railway and one of the most popular modes of public transport in the city of joy.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): Flytxt, a fast growing customer data analytics software company, announced today that it has entered into an agreement to deploy its Customer Value Management (CVM) solutions for Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa. Flytxt, through its CVM solutions, will deliver deeper customer insights to enhance customer experience and revenue for Zain Group operations.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): iSticker, a global platform revolutionizing the AEC industry, has noted a progressive increase in its traction by almost 2000 new users every month.

Full Story >>

PropUrban commences its operations in India

Updated: Feb 28, 2017 14:34 IST

New Delhi [India], Feb 28 (ANI): Online-to-offline (O2O) platform PropUrban has announced the launch of its operations in India. With real-time data as its core strength, the company has a strong research and advisory wing to help clients make informed property decisions.

Full Story >>

New Delhi [India], Feb 28 (ANI): The World Bank on Tuesday signed a financing agreement for IDA credit of USD 63 million (equivalent) for 'Tejaswini', which is a socio-economic empowerment of adolescent girls and young women project.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Asian Development Bank (ADB) and the Government of India signed here USD 375 million in loans and grants to develop 800-kilometer Visakhapatnam-Chennai Industrial Corridor, which is the First Phase of a planned 2,500 km long East Coast Economic Corridor (ECEC).

Full Story >>

Strike disrupts banking services in Tripura

Updated: Feb 28, 2017 13:41 IST

By Pinaki Das

Full Story >>

New Delhi [India], Feb 28 (ANI): Credit rating agency ICRA expects the domestic sugar prices to remain firm in the near term, given the deficit situation in the domestic and international markets.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): The world's most elegant and notable celebrities sparkled in platinum jewelry at the "89th Annual Academy Awards" and related parties this evening. Large diamond stud earrings, cuff bracelets and cocktail rings were the top platinum jewelry trends on the red carpet.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): Forever 21, a leading fast fashion brand from Aditya Birla Fashion and Retail Ltd. strengthens its foothold in Mumbai with the launch of its 4th store, taking the total count to 15 stores in India.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): Koenig Solutions, the leading IT training organization serving a global clientele for technical skill development, recently became ISACA Authorized Training Partner.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): One of the premier hubs of education in Bahadurgarh, (Delhi-NCR), PDM University has collaborated with multinational technology company, IBM Corporation through its IBM Career Education program to introduce and launch co-branded specialized engineering and management programs.

Full Story >>

New Delhi [India], Feb.28 (ANI): Noida, Uttar Pradesh-based infrastructure and energy-based conglomerate -- The Jaypee Group - has signed a Memorandum of Understanding (MoU) with Kazakhstan's national agency for export and investment KAZNEX INVEST this week for collaboration in several areas of mutual interest.

Full Story >>

New Delhi [India], Feb 27 (ANI): Finance Minister Pradeep Kumar Amat on Monday presented the State Budget for 2017-18 fiscal in the session of Orissa Legislative Assembly to review several new features after changes made in line with the Union Budget such as merger of non-plan and plan expenditure.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Kritika Dahal, Director of Hongkong-based International Rising Limited was arrested by the Enforcement Directorate on charges of money laundering.

Full Story >>