Tue, Feb 28, 2017 | updated 11:04 PM IST

Nifty, Sensex open firm; Reliance up 1 pct

Updated: Jul 20, 2016 09:36 IST

New Delhi, July 20 (ANI): The market on Wednesday opened at a pace with the Sensex up 86.99 points or 0.3 percent at 27874.61, and the Nifty is up 22.60 points or 0.3 at 8551.15.

Shares such as Reliance, GAIL, Coal India and Cipla were top gainers in the Sensex while Wipro is down five percent.

Other losers in the Sensex were ICICI Bank, Infosys, ONGC and Axis Bank.

The Indian rupee opened lower by five paise at 67.15 per dollar versus previous close of 67.10. The dollar at four-month high against a basket of major currencies after data showed US housing starts rose more than expected in June, underpinning a theme of strength in the US economy.

As per the market analysts, the rupee closed at 67.11/dollar levels supported by custodial banks supplying dollars in the markets. Though gains were limited by dollar demand from importers.

On the other hand, the Asia markets opened mostly lower on Wednesday, following a mixed finish in the US as investors digested second-quarter earnings.

Crude prices fall overnight as a rallying dollar and a global fuel glut offset forecasts for lower US crude stockpiles. Gold continues to trade flat around USD 1330 an ounce. (ANI)

New Delhi [India], Feb. 28 (ANI): Luxury car manufacturer Mercedes-Benz today, redefined the luxury executive sedan segment with the launch of the first ever right hand drive (RHD) long wheelbase (LWB) version of the new E-Class luxury business sedan.

Full Story >>

New Delhi [India], Feb. 28 (ANI): National Pharmaceutical Pricing Authority issued a statement to hospitals on Tuesday that hereafter, Stent companies and hospitals must upload revised price list of cardiac stents on their respective websites in three working days.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Federation of Indian Chambers of Commerce and Industries (FICCI) here today said that the Indian economy has witnessed a gradual rise in consumption activity, thus evading the repercussions of the November 8 demonetisation drive.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Dismissing rumours of a fall in GDP post the 'notebandi', Shaktikanta Das, Secretary, Economic Affairs, claimed Tuesday that all speculations regarding current GDP are based on anecdotes, rather than statistics.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Aiming to comply with the guidelines of the Reserve Bank of India and also for making Metro Smart Card interoperable, it has been decided that Delhi Metro Smart Cards shall be non-refundable from April 1, 2017.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Credit rating agency ICRA, the efficiency of wind-based energy generation is reflected in its low tariff rates, thus increasing cost competitiveness of wind based energy generation against conventional energy sources as well as solar power.

Full Story >>

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 >>