Thu, Jun 22, 2017 | updated 10:42 PM IST

Sensex, Nifty end in red; Cipla top gainer

Updated: Sep 20, 2016 16:06 IST      
Sensex, Nifty end in red; Cipla top gainer

New Delhi [India], Sep 20 (ANI): The market on Tuesday ended in negative terrain with the Sensex trading down 111.30 points or 0.4 percent at 28523.20.

On the other hand, Nifty slipped 32.50 points or 0.4 percent at 8775.90.

Shares such as Tata Steel, ONGC, Cipla, Maruti and Lupin were top gainers while Adani Ports, Hero MotoCorp, Bajaj Auto, Bharti and BHEL were losers in the Sensex.

Shares of Castrol India rose 11 percent intraday after its promoter British Petroleum sold 8.5 percent stake In Castrol India.

Post sale, British energy giant now holds 51 percent in its Indian lubricants subsidiary. According to CNBC-TV18, BP sold around 4.2 crore shares worth Rs 1898 crore trade on BSE and NSE at Rs. 440.15-445.45 per share.

Earlier, in May BP wholly owned unit Castrol Ltd on Thursday sold 11.5 percent stake in Castrol India and slashed its holding in the company to 59.42 percent from 70.92 percent for about Rs. 2072 crore.

The Tax Department has slapped a service tax demand of over Rs. 6,100 crore on the overseas arm of state-owned ONGC, a move that may potentially render its investments in oil and gas fields abroad infructuous.

ONGC Videsh Ltd (OVL) has stakes in 37 oil and gas projects in 17 countries around the world. These stakes are held through subsidiaries, branches and joint ventures. For operations of these projects, those units and joint ventures would raise a demand for money on the parent, OVL, which would transmit the investments.

The Service Tax Department now contends that the overseas units are rendering a service to OVL and as such the company is liable to pay service tax at the full rate, sources said.

Oil prices fell after Venezuela said that global supplies needed to fall by 10 percent in order to bring production down to consumption levels, and technical indicators also pointed to cheaper crude futures.

International benchmark Brent crude oil futures were trading at USD 45.70 per barrel, down 0.54 percent from their last close. US West Texas Intermediate (WTI) crude futures were down 0.55 percent at USD 43.06 a barrel. (ANI)

New Delhi [India], June 22 (ANI): Pawan Kumar Agarwal, Chief Executive Officer of the Food Safety and Standards Authority of India (FSSAI) said Thursday that the FSSAI is committed to ensuring robust and unambiguous standards for food supplements with the help of industry.

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MSMEs all set to embrace GST challenges

Updated: Jun 22, 2017 18:00 IST     

New Delhi [India], June 22 (ANI): The CII MSME Summit titled, 'Breaking Barriers to Excellence: Unlocking Hidden Potential,' echoed the preparedness of MSMEs to adopt the GST regime.

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Paris [France]/Mumbai [India], June 22 (ANI): Reliance Defence Limited, a fully owned subsidiary of Reliance Infrastructure Limited signed a Memorandum of Understanding (MOU) at the Paris Air Show with Daher Aerospace, France, a leading supplier of integrated systems for Aerospace and Advanced Technologies.

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New Delhi [India], June 22 (ANI-NewsVoir): Parry Nutraceuticals, a division of EID Parry and part of the Murugappa Group has forged a partnership with Synthite Industries to apply proprietary patented technologies for extraction of Phycocyanin, a natural blue pigment found in Spirulina.

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New Delhi [India], June 22 (ANI-NewsVoir): Consumption of cricket-related content exceeded 0.75 billion on UCWeb Platforms - UC News and UC Browser, for the latest edition of IPL 2017 and the recently-concluded ICC Champions Trophy 2017, according to a data report, titled Insights into India's Cricket Frenzy, released by UCWeb.

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Jaago Re 2.0 drives pre-activism in India

Updated: Jun 22, 2017 17:52 IST     

New Delhi, June 22 (ANI): Tata Tea launched its iconic campaign Jaago Re 2.0 - 'Alarm Bajne se Pehle Jaago Re' - earlier this year urging people to pre-act before tragedies hit.

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Tochigi/Tokyo [Japan], June 22 (ANI): Come spring and the worlds' most beautiful wisteria can be found blooming in Japan's Tochigi Prefecture.

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Yeh Hai India slated to release on August 4, new poster out

Updated: Jun 22, 2017 17:14 IST     

New Delhi [India], June 22 (ANI-NewsVoir): The patriotic film, Yeh Hai India on Thursday launched a brand new poster and also announced that the movie will be releasing on August 4, 2017. The release date for the movie was announced by General V. K. Singh at a private function in New Delhi where he also saw the movie.

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GoDaddy launches business email solutions for small firms

Updated: Jun 22, 2017 16:54 IST     

New Delhi [India], June 22 (ANI): GoDaddy, a cloud platform dedicated to small, independent ventures on Thursday announced the launch of its new 'Business Email' service for small businesses in India.

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New Delhi [India], June 22 (ANI-BusinessWire India): Thepackersmovers.com is the much accredited online directory of India that aims to simplify relocation experience of people moving across the experienced team of professionals country and abroad. With hundreds of enlisted Packers and Movers with, the directory eases the search for reliable options.

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New Delhi [India], June 22 (ANI-BusinessWire India): Chitkara University on Thursday announced that they are initiating two-year MBA Healthcare Management with specialisation in Health Information Technology (HIT) in strategic partnership with Frost & Sullivan, the Growth Partnership and consulting company with deep industry understanding in Healthcare Informatics across India and Asia.

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New Delhi [India], June 22 (ANI-BusinessWire India): Mettl, India's leading online assessment company has pioneered a partnership with Mankind and HummingBird International to power their psychometric test assessment engine, in turn, expanding its roots into the assessment of leadership competencies for the former's recruitment consultancy.

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New Delhi [India], June 22 (ANI-BusinessWire India): FreeCharge, India's leading digital payments platform on Thursday announced its partnership with ALTBalaji, largest digital platform for original shows from India, to provide easy, secure and fast digital payment solutions for users.

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New Delhi [India], June 22 (ANI-BusinessWire India): Corporate gifting has emerged out to a pioneering gifting sector in the recent years. As per the statistics, in 2015, India alone had a gifting market of USD 30 billion, out of which, USD 2.5 billion belonged to corporate gifting. Companies today are showing more interest in their relations with customers and employees; as a result, a trend of corporate gifting has started gaining pace.

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New Delhi [India], June 22 (ANI-NewsVoir): Goeman Bind HTO, an international not-for-profit think tank and research advisory on Thursday announced the joining of globally acclaimed policy specialist and corporate lawyer, Hemant Batra.

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Airbnb, World Bank sign MoU to enhance rural tourism

Updated: Jun 22, 2017 14:08 IST     

New Delhi [India], June 22 (ANI): The World Bank group and Airbnb on Wednesday signed a Memorandum of Understanding (MoU), validating their combined efforts to boost the tourism industries of developing economies, at the Tourism Knowledge Exchange 2017, an event highlighting the latest innovations in sustainable tourism.

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New Delhi [India], June 22 (ANI-BusinessWire India): Over the course of one famous year, Omega released three professional timepieces that would all go on to become absolute classics: The Seamaster 300, the Railmaster and the Speedmaster. That year was 1957.

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Sensex crosses 31,500 mark, hits all-time high of 31,522

Updated: Jun 22, 2017 12:33 IST     

New Delhi [India], June 22 (ANI): The Bombay Stock Exchange's (BSE) sensex on Thursday witnessed an all-time high of 31,522 points, recording a suge of over 200 points since the opening figure.

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New Delhi [India], June 22 (ANI-NewsVoir): Colgate-Palmolive India Ltd., the market leader in oral care in India launched its annual Colgate Scholarship Offer. As a part of this limited-edition offer, valid till July 31, 2017, Colgate is offering more than 300 scholarships worth more than Rs. 52 lakh, to help children take small, yet meaningful steps in fulfilling their dreams.

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New Delhi [India], June 22 (ANI-NewsVoir): Union Minister of Skill Development and Entrepreneurship, Rajiv Pratap Rudy said his ministry is working towards getting AICTE recognition for Industrial Training Institutes (ITIs) trained technicians. The Minister was speaking at the BW Businessworld's HR Conclave, organised the media house to launch their latest magazine.

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