Fri, Apr 28, 2017 | updated 05:33 PM IST

Nifty ends above 8800, Sensex flat; Adani top gainer

Updated: Sep 19, 2016 16:15 IST      
Nifty ends above 8800, Sensex flat; Adani top gainer

New Delhi [India], Sep 19 (ANI): The market on Monday ended with minor gains but the Nifty managed to close above 8800.

The index traded was up 28.55 points or 0.3 percent at 8808.40, while the Sensex traded up 35.47 points or 0.1 percent at 28634.50.

Shares such as TCS, ICICI Bank, Adani Ports, ONGC and Asian Paints were amongst top gainers, while Maruti, Bajaj Auto, Hero MotoCorp, Axis Bank and HDFC Bank were in the losers category.

State-owned Indian Oil Corporation's (IOC) Rs. 1.8 lakh-crore capital investment plan over the next six years will not affect the company's credit profile, Fitch Ratings said today.

In a company statement, IOC said, "The large investment plans announced by IOC are in line with the agency's expectations that are incorporated in the assessment of its standalone credit profile of 'BB+'. Fitch equalizes IOC's rating with that of its largest shareholder, the state of India, due to their strong operational and strategic linkages."

"On September 15, had said its capex would be Rs. 1.7-1.8 lakh crore over the next six years, including around Rs 15,000 crore in the current fiscal and around Rs 25,000 crore each in 2017-18 and 2018-19," added the release.

On the other hand, the state-owned term lender IFCI will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs. 22.72 crore.

In a BSE filing, IFCI said that it has signed a share purchase agreement with Axis Bank for divesting its entire stake in ACRE (13.67 percent) resulting in total cash consideration of Rs. 22.72 crore. (ANI)

New Delhi [India], Apr 28 (ANI-NewsVoir): Spaces, Amsterdam-born creative workspace pioneer, has launched its first location in Gurugram. Located in Cyber City, the newly launched facility marks the company's first Indian entry.

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New Delhi [India], Apr 28 (ANI-BusinessWireIndia): The Ministry of Electronics and Information Technology, Government of India, spearheaded a number of initiatives to promote digital payment solutions and cashless transactions in line with the Prime Minister's Vision of creating a "Digital India."

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OPPLE launches its revolutionary T5 batten

Updated: Apr 28, 2017 16:46 IST     

New Delhi [India], Apr 28 (ANI-NewsVoir): OPPLE, a global integrated lighting solutions company and one of World's Leading LED Lighting brand today unveiled their another revolutionary product, the LED T5 Plastic Batten.

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Washington [United States], Apr 28 (ANI): Price peaks of wheat on the world market are mainly caused by production shocks such as induced for example by droughts, researchers found. These shocks get exacerbated by low storage levels as well as protective trade policies, the analysis of global data deriving from the US Department of Agriculture shows.

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New Delhi [India], Apr 28 (ANI-BusinessWireIndia): Keywa, China's leader in online chemical trading and the pioneer of the Business-to-Platform (B2P) model for resource integration in the global chemical market, today announced plans to establish an IT center for technology research and development in India. Keywa is also evaluating Indian companies for partnerships and investments.

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New Delhi [India], Apr 28 (ANI-NewsVoir): Govt. of Chhattisgarh's Department of School Education and Wadhwani Operating Foundation recently announced a strategic partnership which aims at enhancing employability through the skills-based training program.

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Chennai [Tamil Nadu], April 28 (ANI): In Chennai this week, representatives of 15 companies based in Tamil Nadu were given an overview of the tourism opportunities available in Kazakhstan.

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NSE IPO to get delayed for few months: SEBI Chairman

Updated: Apr 28, 2017 15:55 IST     

New Delhi [India], Apr 28 (ANI): Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi on Friday said that the initial public offering (IPO) of National Stock Exchange of India's (NSE) shares are likely to be delayed, till the allegations of providing unfair access to certain brokers in its co-location platform and a full-time chief executive officer in place resolves.

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New Delhi [India], Apr 28 (ANI-NewsVoir): The Fintech Conference 2017 with the theme - Financial Inclusion 2.0 - The Tipping Point - organized by Digital Lenders Association of India (DLAI) in Mumbai on April 26 will offer a forum for financial and professional exchange of knowledge related to the fintech field.

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New Delhi [India], Apr 28 (ANI-BusinessWireIndia): Pawan Munjal, Chairman, MD and CEO, Hero MotoCorp Ltd., was today felicitated by the All India Management Association (AIMA) for the rapid global expansion of Brand Hero.

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New Delhi [India], Apr 28 (ANI-BusinessWire India): "Time is of the essence," urged Lise Kingo, CEO and Executive Director of the United Nations Global Compact, to an audience of more than 300 local and global leaders from business, finance, civil society, Government and the UN, at the conclusion of the UN Global Compact two-day event, Making Global Goals Local Businesses - India, in New Delhi on Friday.

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New Delhi [India], Apr 28 (ANI-BusinessWire India): Grameen Koota, a Bengaluru-based microfinance organisation on Thursday received the ISC-FICCI 2017 award for Best Financial Accessibility for Sanitation for its efforts in providing access to affordable credit to its customers to build toilets.

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New Delhi [India], Apr 28 (ANI): TrendyBharat.com has announced its partnership with Fab Box and Ugaao to extend its offerings in the health and nutrition sector.

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Profiteering not a bad word, 'unfair enrichment' is: Jaitley

Updated: Apr 28, 2017 12:50 IST     

New Delhi [India], Apr 28 (ANI): Union Finance Minister Arun Jaitley has asserted that in order to ensure consumers avail all benefits of the Goods and Services Tax (GST), it is important to take crucial decisions to make India an 'increasingly tax compliant society'.

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Cement prices rebound to pre-demonetisation levels: ICRA

Updated: Apr 28, 2017 12:15 IST     

New Delhi [India], Apr 28 (ANI): Credit rating agency ICRA has recovered to pre-demonetisation levels of prices of key commodity such as cement in April 2017.

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New Delhi [India], Apr 28 (ANI): According to a report published by the Deutsche Bank, the government has two more years to're-energise' the economy, re-start the investment cycle and accelerate job growth.

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FreeCharge launches coupons to enhance user engagement

Updated: Apr 28, 2017 08:43 IST     

New Delhi [India], Apr 28 (ANI): Digital payment platform FreeCharge on Thursday announced the launch of coupons on its e-wallet to enhance user engagement and reactivation.

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77 percent Indian companies eyeing expansion in 2017: Survey

Updated: Apr 28, 2017 08:34 IST     

New Delhi [India], Apr 28 (ANI): Driven by positive economic sentiment, 77 percent of senior finance executives of Indian companies surveyed expect moderate to substantial economic expansion in 2017, according to the Global Business and Spending Outlook survey released on Thursday.

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New Delhi [India], Apr. 28 (ANI): A high-level committee, headed by finance secretary Ashok Lavasa, submitted its report on Thursday, on allowances of 47 lakh government employees, to Finance Minister Arun Jaitely.

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New Delhi [India], Apr 27 (ANI-NewsVoir): Bengaluru is set to play host to national and international cosmetic dermatologists at the 12th Edition of World Congress of Cosmetic Dermatology (WCOCD) from May 4th to 6th 2017 at Dr. Babu Rajendra Prasad International Convention Centre, GKVK.

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