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Benchmark indices started on a negative note Friday as investors turned cautious after the release of the minutes of RBI's last policy meet, in which governor Shaktikanta Das argued the need to look at growth concerns.

Besides, subdued cues from other Asian markets too weighed on investor sentiment here.

The BSE Sensex was trading 75.24 points, or 0.21 per cent, lower at 35,823.11. Similarly, the 50-share NSE Nifty fell 25.95 points, or 0.24 per cent, to 10,763.90.

In the previous session, the 30-share index settled 142.09 points, or 0.40 per cent higher at 35,898.35. The broader Nifty gained 54.40 points, or 0.51 per cent, to 10,789.85.

Top losers in the Sensex pack in morning trade include Kotak Bank, Tata Steel, L&amp;T, RIL, Axis Bank, NTPC, Tata Motors, HDFC Bank, HDFC and ITC, falling up to 3.39 per cent.

On the other hand, Yes Bank, Sun Pharma, Maruti, ONGC, Bajaj Auto, IndusInd Bank, ICICI Bank, M&amp;M, Bharti Airtel and SBI rose up to 1.63 per cent.

According to traders, investor sentiment turned weak after the Reserve Bank of India (RBI) Thursday released the minutes of its last monetary policy meet.

The central bank's Monetary Policy Committee has noted the "weakened growth momentum" amidst inflation cooling off to lower the key policy rates to create a "congenial environment" for growth as the reasons for the surprise rate cut earlier this month.

In his debut policy review as RBI governor Shaktikanta Das argued that there was a need to look at growth concerns.

Meanwhile, on a net basis, domestic institutional investors (DIIs) were net buyers to the tune of Rs 202.10 crore, and foreign institutional investors (FIIs) also bought shares worth a net of Rs 55.48 crore on Thursday, provisional data available with BSE showed.

Domestic investors also tracked weak cues from global markets, traders said.

Hong Kong's Hang Seng slipped 0.26 per cent, Kospi fell 0.28 per cent, and Japan's Nikkei shed 0.42 per cent; while Shanghai Composite Index was trading 0.03 per cent higher in early trade.

On Wall Street, Dow Jones Industrial Average ended 0.40 per cent lower at 25,850.63 points on Thursday.

The benchmark Brent crude futures fell 0.28 per cent to $66.88 per barrel.

The rupee, meanwhile, was trading almost flat at 71.23 against the US dollar in early session.&nbsp;

Benchmark indices started on a negative note Friday as investors turned cautious after the release of the minutes of RBI's last policy meet, in which governor Shaktikanta Das argued the need to look at growth concerns.

Benchmark indices started on a negative note Friday as investors turned cautious after the release of the minutes of RBI's last policy meet, in which governor Shaktikanta Das argued the need to look at growth concerns. Besides, subdued cues from other Asian markets too weighed on investor sentiment here. The BSE Sensex was trading 75.24 points, or 0.21 per cent, lower at 35,823.11. Similarly, the 50-share NSE Nifty fell 25.95 points, or 0.24 per cent, to 10,763.90. In the previous session, the 30-share index settled 142.09 points, or 0.40 per cent higher at 35,898.35. The broader Nifty gained 54.40 points, or 0.51 per cent, to 10,789.85. Top losers in the Sensex pack in morning trade include Kotak Bank, Tata Steel, L&T, RIL, Axis Bank, NTPC, Tata Motors, HDFC Bank, HDFC and ITC, falling up to 3.39 per cent. On the other hand, Yes Bank, Sun Pharma, Maruti, ONGC, Bajaj Auto, IndusInd Bank, ICICI Bank, M&M, Bharti Airtel and SBI rose up to 1.63 per cent. According to traders, investor sentiment turned weak after the Reserve Bank of India (RBI) Thursday released the minutes of its last monetary policy meet. The central bank's Monetary Policy Committee has noted the "weakened growth momentum" amidst inflation cooling off to lower the key policy rates to create a "congenial environment" for growth as the reasons for the surprise rate cut earlier this month. In his debut policy review as RBI governor Shaktikanta Das argued that there was a need to look at growth concerns. Meanwhile, on a net basis, domestic institutional investors (DIIs) were net buyers to the tune of Rs 202.10 crore, and foreign institutional investors (FIIs) also bought shares worth a net of Rs 55.48 crore on Thursday, provisional data available with BSE showed. Domestic investors also tracked weak cues from global markets, traders said. Hong Kong's Hang Seng slipped 0.26 per cent, Kospi fell 0.28 per cent, and Japan's Nikkei shed 0.42 per cent; while Shanghai Composite Index was trading 0.03 per cent higher in early trade. On Wall Street, Dow Jones Industrial Average ended 0.40 per cent lower at 25,850.63 points on Thursday. The benchmark Brent crude futures fell 0.28 per cent to $66.88 per barrel. The rupee, meanwhile, was trading almost flat at 71.23 against the US dollar in early session.

Markets start on tepid note as investors turn cautious over minutes of RBI's policy meet

The rupee inched up 2 paise to 71.22 against the US dollar in early trade Friday amid a dip in crude oil prices and fresh foreign fund inflows.

At the Interbank Foreign Exchange (forex) market, the local unit opened almost flat at 71.23 and stayed in a narrow range.

The rupee had skidded by 13 paise to close at 71.24 against the US dollar Thursday.

Foreign institutional investors (FIIs) net bought equities worth Rs 55 crore Thursday while domestic institutional investors bought shares to the tune of Rs 202 crore, provisional data showed.

Brent crude futures, the global oil benchmark, was trading 0.25 per cent lower at USD 66.90 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, traded flat at 96.60.

Meanwhile, the benchmark BSE Sensex fell 56.40 points, or 0.16 per cent, to 35,841.95 in opening trade Friday.

The rupee inched up 2 paise to 71.22 against the US dollar in early trade Friday amid a dip in crude oil prices and fresh foreign fund inflows. At the Interbank Foreign Exchange (forex) market, the local unit opened almost flat at 71.

The rupee inched up 2 paise to 71.22 against the US dollar in early trade Friday amid a dip in crude oil prices and fresh foreign fund inflows. At the Interbank Foreign Exchange (forex) market, the local unit opened almost flat at 71.23 and stayed in a narrow range. The rupee had skidded by 13 paise to close at 71.24 against the US dollar Thursday. Foreign institutional investors (FIIs) net bought equities worth Rs 55 crore Thursday while domestic institutional investors bought shares to the tune of Rs 202 crore, provisional data showed. Brent crude futures, the global oil benchmark, was trading 0.25 per cent lower at USD 66.90 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, traded flat at 96.60. Meanwhile, the benchmark BSE Sensex fell 56.40 points, or 0.16 per cent, to 35,841.95 in opening trade Friday.

Rupee gains 2 paise to 71.22 vs US dollar

The BSE Sensex ended marginally lower Friday on losses in banking stocks as investors turned cautious after the minutes of RBI's latest policy meeting highlighted growth concerns.

The 30-share Sensex settled 26.87 points, or 0.07 per cent lower at 35,871.48. The broader NSE Nifty inched up 1.80 points, or 0.01 per cent, to 10,791.65.

During the week, Sensex rose 62.53 points or 0.17 per cent, while the Nifty advanced 67.25 points or 0.62 per cent.

Kotak Bank was the biggest loser in the Sensex pack Friday, falling 3.71 per cent, followed by RIL, HDFC Bank, Bajaj Finance, PowerGrid, IndusInd Bank, Asian Paints, HDFC and ITC.

On the other hand, Yes Bank was the top gainer, spurting 3.23 per cent. 
Other winners were Vedanta, Tata Motors, NTPC, M&amp;M, Maruti, ONGC and Hero MotorCorp, rising up to 2.86 per cent.

Sectorally, the BSE bankex and finance indices fell up to 0.43 per cent. Energy and consumer durables too ended in the red.

BSE metal, auto, realty, power and oil and gas indices gained up to 1.62 per cent.

Broader indices outperformed the benchmarks, with the BSE Midcap index gaining 0.38 per cent and the small-cap gauge rising 0.77 per cent.

According to traders, despite positive global cues, investor sentiment turned weak after the Reserve Bank of India (RBI) released the minutes of its latest monetary policy meet after market hours Thursday.

The central bank's Monetary Policy Committee noted the "weakened growth momentum" amidst inflation cooling off as it delivered a surprise rate cut earlier this month.

Meanwhile, the rupee appreciated 5 paise to 71.19 against the US dollar intra-day.

The BSE Sensex ended marginally lower Friday on losses in banking stocks as investors turned cautious after the minutes of RBI's latest policy meeting highlighted growth concerns.

The BSE Sensex ended marginally lower Friday on losses in banking stocks as investors turned cautious after the minutes of RBI's latest policy meeting highlighted growth concerns. The 30-share Sensex settled 26.87 points, or 0.07 per cent lower at 35,871.48. The broader NSE Nifty inched up 1.80 points, or 0.01 per cent, to 10,791.65. During the week, Sensex rose 62.53 points or 0.17 per cent, while the Nifty advanced 67.25 points or 0.62 per cent. Kotak Bank was the biggest loser in the Sensex pack Friday, falling 3.71 per cent, followed by RIL, HDFC Bank, Bajaj Finance, PowerGrid, IndusInd Bank, Asian Paints, HDFC and ITC. On the other hand, Yes Bank was the top gainer, spurting 3.23 per cent. Other winners were Vedanta, Tata Motors, NTPC, M&M, Maruti, ONGC and Hero MotorCorp, rising up to 2.86 per cent. Sectorally, the BSE bankex and finance indices fell up to 0.43 per cent. Energy and consumer durables too ended in the red. BSE metal, auto, realty, power and oil and gas indices gained up to 1.62 per cent. Broader indices outperformed the benchmarks, with the BSE Midcap index gaining 0.38 per cent and the small-cap gauge rising 0.77 per cent. According to traders, despite positive global cues, investor sentiment turned weak after the Reserve Bank of India (RBI) released the minutes of its latest monetary policy meet after market hours Thursday. The central bank's Monetary Policy Committee noted the "weakened growth momentum" amidst inflation cooling off as it delivered a surprise rate cut earlier this month. Meanwhile, the rupee appreciated 5 paise to 71.19 against the US dollar intra-day.

Sensex ends marginally lower; bank stocks fall

Automobile giant Ford Motor has come up with its brand new premium SUV Endeavour with a "significant evolution in design, convenience and technology," the official press release stated.&nbsp;

Priced at Rs 28.19 Lakh, the 2019 edition of the premium SUV comes with greater road presence, style and convenience while continuing to offer class-leading off-road capabilities, unmatched safety and advanced technologies.&nbsp;

Here's taking a quick look at the key specifications and features of the brand new SUV:

The premium SUV comes with first-in-class hands-free Power Lift Gate, power adjustable front seats, push-button start and dual-zone automatic climate control.

Master in all terrain&nbsp;

The vehicle's first-in-segment Terrain Management System makes it a master in all terrain. The SUV comes equipped with up to seven airbags

The New Endeavour comes with six-speed Manual transmission with the 2.2L engine; a total of three trims with 2.2L &amp; 3.2L diesel engine&nbsp;and six-speed automatic transmission.

Built for extreme conditions

Both rear and front bumpers have integrated skid plates to protect the car’s underbody even in extreme off-road conditions. The new design 18-inch alloy wheels ensure excellent grip and handling. The ORVMs feature puddle lamps make it easier for drivers to get in and out of the vehicle, even in dark, most extreme conditions.

The SUV will also feature Hill Launch Assist and Hill Descent Control that make steep uphill or downhill climbs more convenient and easier for drivers.

Noise cancellation, panoramic sun-roof, voice commands and more&nbsp;

The New Endeavour features first-in-class Active Noise Cancellation, a technology used in noise-cancelling headphones to help reduce low-frequency engine sounds from entering the cabin.

The vehicle also holds on to its promise of being the only premium SUV to feature a panoramic sun-roof, covering up to 50% of the roof space.

In-car connectivity technology SYNC 3, that allows drivers to use simple voice commands to control the car’s entertainment system, make or receive calls and connect mobile devices. SYNC 3 system is also Apple CarPlay and Google Auto compatible.

Hassle-free parking, keyless entry and other smart features

To reduce parking anxiety, it offers Semi-Auto Parallel Park Assist that helps locate the right sized parking spot and steers the SUV effortlessly at the touch of a button.

Push start button, and keyless entry along with a host of smart features such as rear and front parking sensors, rear parking camera, automatic headlamps, automatic wipers, DRLs, dual-zone automatic climate control also get offered across the range.

Attractive options

The New Ford Endeavour will be available in five colours, including brand new Diffused Silver as well as Sunset Red, Diamond White, Absolute Black and Moondust Silver. It comes at the service cost of 68 Paisa and 3-year warranty/100,000 KM warranty.&nbsp;

Automobile giant Ford Motor has come up with its brand new premium SUV Endeavour with a "significant evolution in design, convenience and technology," the official press release stated.

Automobile giant Ford Motor has come up with its brand new premium SUV Endeavour with a "significant evolution in design, convenience and technology," the official press release stated. Priced at Rs 28.19 Lakh, the 2019 edition of the premium SUV comes with greater road presence, style and convenience while continuing to offer class-leading off-road capabilities, unmatched safety and advanced technologies. Here's taking a quick look at the key specifications and features of the brand new SUV: The premium SUV comes with first-in-class hands-free Power Lift Gate, power adjustable front seats, push-button start and dual-zone automatic climate control. Master in all terrain The vehicle's first-in-segment Terrain Management System makes it a master in all terrain. The SUV comes equipped with up to seven airbags The New Endeavour comes with six-speed Manual transmission with the 2.2L engine; a total of three trims with 2.2L & 3.2L diesel engine and six-speed automatic transmission. Built for extreme conditions Both rear and front bumpers have integrated skid plates to protect the car’s underbody even in extreme off-road conditions. The new design 18-inch alloy wheels ensure excellent grip and handling. The ORVMs feature puddle lamps make it easier for drivers to get in and out of the vehicle, even in dark, most extreme conditions. The SUV will also feature Hill Launch Assist and Hill Descent Control that make steep uphill or downhill climbs more convenient and easier for drivers. Noise cancellation, panoramic sun-roof, voice commands and more The New Endeavour features first-in-class Active Noise Cancellation, a technology used in noise-cancelling headphones to help reduce low-frequency engine sounds from entering the cabin. The vehicle also holds on to its promise of being the only premium SUV to feature a panoramic sun-roof, covering up to 50% of the roof space. In-car connectivity technology SYNC 3, that allows drivers to use simple voice commands to control the car’s entertainment system, make or receive calls and connect mobile devices. SYNC 3 system is also Apple CarPlay and Google Auto compatible. Hassle-free parking, keyless entry and other smart features To reduce parking anxiety, it offers Semi-Auto Parallel Park Assist that helps locate the right sized parking spot and steers the SUV effortlessly at the touch of a button. Push start button, and keyless entry along with a host of smart features such as rear and front parking sensors, rear parking camera, automatic headlamps, automatic wipers, DRLs, dual-zone automatic climate control also get offered across the range. Attractive options The New Ford Endeavour will be available in five colours, including brand new Diffused Silver as well as Sunset Red, Diamond White, Absolute Black and Moondust Silver. It comes at the service cost of 68 Paisa and 3-year warranty/100,000 KM warranty.

Ford India introduces brand new premium SUV Endeavour at Rs 28.19 lakh

People can now file a complaint with the Department of Telecom (DoT) against offensive messages received on WhatsApp, an official said Friday.

The victim just needs to furnish a screenshot of the message along with the mobile number and e-mail it to ccaddn-dot@nic.In.

"If anyone is receiving abusive/offensive/death threats/vulgar whatsapp messages, please send screen shots of the message along with the mobile numbers at ccaddn-dot@nic.in

"We will take it up with the telecom operators and police heads for necessary action," DoT Controller Communications Ashish Joshi tweeted.

The move comes following many public figures, including journalists, complaining of receiving abusive and threatening messages.

The DoT, in an order on February 19, had said that licence conditions bar carriage of objectionable, obscene or unauthorised content in any form on the network.

The order directed all telecom service providers to take immediate action against their customers for sending such messages as it is also a violation of customer declaration in the customer application form.

People can now file a complaint with the Department of Telecom (DoT) against offensive messages received on WhatsApp, an official said Friday. The victim just needs to furnish a screenshot of the message along with the mobile number and e-mail it to ccaddn-dot@nic.

People can now file a complaint with the Department of Telecom (DoT) against offensive messages received on WhatsApp, an official said Friday. The victim just needs to furnish a screenshot of the message along with the mobile number and e-mail it to ccaddn-dot@nic.In. "If anyone is receiving abusive/offensive/death threats/vulgar whatsapp messages, please send screen shots of the message along with the mobile numbers at ccaddn-dot@nic.in "We will take it up with the telecom operators and police heads for necessary action," DoT Controller Communications Ashish Joshi tweeted. The move comes following many public figures, including journalists, complaining of receiving abusive and threatening messages. The DoT, in an order on February 19, had said that licence conditions bar carriage of objectionable, obscene or unauthorised content in any form on the network. The order directed all telecom service providers to take immediate action against their customers for sending such messages as it is also a violation of customer declaration in the customer application form.

Now, register complaint with DoT against offensive WhatsApp messages

The Central Bureau of Investigation issued a lookout notice against&nbsp;former CEO of ICICI Bank&nbsp;Chanda Kochhar on Friday.

The lookout notice was issued a month&nbsp;after Kochhar was charged for corruption and cheating in a case of alleged irregularities in the sanctioning of loans by the ICICI bank.

CBI booked Chanda Kochhar, her businessman husband Deepak Kochhar and Videocon MD Venugopal Dhoot on January 24.

Kochhar had quit the ICICI on October 4 last year in the wake of allegations that she had favoured Videocon in the lending processes because the consumer electronics company's founders had invested in a company of her husband Deepak Kochhar.

The CBI on Friday issued the lookout notice and alerted the immigration authorities at all the entry-exit points across the country to keep an eye on her.

Chanda Kochhar had taken over the post of the Managing Director of the ICICI Bank on May 1, 2009.&nbsp;

The preliminary enquiry apparently showed that from June 2009 to October 2011, ICICI Bank had allegedly sanctioned six high-value loans to various Videocon Group companies, CBI sources said.

(With inputs from agencies)

The Central Bureau of Investigation issued a lookout notice against former CEO of ICICI Bank Chanda Kochhar on Friday. The lookout notice was issued a month after Kochhar was charged for corruption and cheating in a case of alleged irregularities in the sanctioning of loans by the ICICI bank.

The Central Bureau of Investigation issued a lookout notice against former CEO of ICICI Bank Chanda Kochhar on Friday. The lookout notice was issued a month after Kochhar was charged for corruption and cheating in a case of alleged irregularities in the sanctioning of loans by the ICICI bank. CBI booked Chanda Kochhar, her businessman husband Deepak Kochhar and Videocon MD Venugopal Dhoot on January 24. Kochhar had quit the ICICI on October 4 last year in the wake of allegations that she had favoured Videocon in the lending processes because the consumer electronics company's founders had invested in a company of her husband Deepak Kochhar. The CBI on Friday issued the lookout notice and alerted the immigration authorities at all the entry-exit points across the country to keep an eye on her. Chanda Kochhar had taken over the post of the Managing Director of the ICICI Bank on May 1, 2009. The preliminary enquiry apparently showed that from June 2009 to October 2011, ICICI Bank had allegedly sanctioned six high-value loans to various Videocon Group companies, CBI sources said. (With inputs from agencies)

ICICI-Videocon loan case: CBI issues lookout notice against former CEO Chanda Kochhar

Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay <a href="http://www.wionews.com/india-news/supreme-court-finds-anil-ambani-guilty-of-contempt-threatens-him-with-jail-term-198454">what he owes to Sweden's Ericsson</a> following a court ruling this week, a source familiar with the matter said.

India's Supreme Court on Wednesday ordered Ambani's Reliance Communications Ltd and two of its directors to pay Ericsson 4.5 billion rupees ($63.30 million) within four weeks or face a three-month jail term for contempt of court.

RCom owes a total 5.71 billion rupees to the Swedish telecoms equipment maker, including a one-time settlement of 5.5 billion rupees and interest payments of 210 million rupees.

The company said in a statement on Thursday it has already deposited 1.18 billion rupees with the Supreme Court and has sought approval from its lenders to release tax refunds of a further 2.6 billion rupees to Ericsson.

Since the company is in bankruptcy court for debt resolution, it needs lenders' approval for any such transaction.

"RCom is confident of raising the balance ... well within the time of four weeks allowed by the Honourable Supreme Court," the company said in the statement.

A source, who spoke on the condition of anonymity, said RCom is looking to sell its real estate assets in Chennai and Kolkata to raise the remaining funds.

It is also likely to urge Reliance Jio, controlled by Anil's elder brother and Asia's richest man Mukesh Ambani, to speed up payments owed for fibre assets acquired from RCom, the source added.

RCom said in August that it had struck a deal to sell Jio its optical fibre and ancillary telecom assets for 50 billion rupees.

"We have received only 780 crore (7.8 billion) rupees from Jio. We can ask Jio to pay up sooner," the source said.

The court order comes at a time when Anil Ambani's Reliance Group, a diversified business empire, is facing falling valuations of group companies and a loss of goodwill, sparking heavy selling of pledged shares.

Reliance said earlier this week that the company plans to sell part of its power assets. On Thursday it said it would also sell its 42 percent stake in Reliance Nippon Life Insurance to pay its debtors.

Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's Ericsson following a court ruling this week, a source familiar with the matter said.

Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's Ericsson following a court ruling this week, a source familiar with the matter said. India's Supreme Court on Wednesday ordered Ambani's Reliance Communications Ltd and two of its directors to pay Ericsson 4.5 billion rupees ($63.30 million) within four weeks or face a three-month jail term for contempt of court. RCom owes a total 5.71 billion rupees to the Swedish telecoms equipment maker, including a one-time settlement of 5.5 billion rupees and interest payments of 210 million rupees. The company said in a statement on Thursday it has already deposited 1.18 billion rupees with the Supreme Court and has sought approval from its lenders to release tax refunds of a further 2.6 billion rupees to Ericsson. Since the company is in bankruptcy court for debt resolution, it needs lenders' approval for any such transaction. "RCom is confident of raising the balance ... well within the time of four weeks allowed by the Honourable Supreme Court," the company said in the statement. A source, who spoke on the condition of anonymity, said RCom is looking to sell its real estate assets in Chennai and Kolkata to raise the remaining funds. It is also likely to urge Reliance Jio, controlled by Anil's elder brother and Asia's richest man Mukesh Ambani, to speed up payments owed for fibre assets acquired from RCom, the source added. RCom said in August that it had struck a deal to sell Jio its optical fibre and ancillary telecom assets for 50 billion rupees. "We have received only 780 crore (7.8 billion) rupees from Jio. We can ask Jio to pay up sooner," the source said. The court order comes at a time when Anil Ambani's Reliance Group, a diversified business empire, is facing falling valuations of group companies and a loss of goodwill, sparking heavy selling of pledged shares. Reliance said earlier this week that the company plans to sell part of its power assets. On Thursday it said it would also sell its 42 percent stake in Reliance Nippon Life Insurance to pay its debtors.

Anil Ambani's RCom looks to real estate assets, Jio deal to pay Ericsson dues

Benchmark indices started on a positive note Thursday tracking gains on banking counters, after the government announced infusion Rs 48,239 crore in 12 public sector banks, buying by foreign and domestic institutional investors, and positive global cues.

The 30-share index was trading 8.47 points, or 0.02 per cent, at 35,764.73. Similarly, the 50-share NSE Nifty was trading 6.05 points, or 0.06 per cent, higher at 10,741.50.

The Sensex had settled at 35,756.26, up 403.65 points, or 1.14 per cent in the previous session, while the broader NSE Nifty soared 131.10 points, or 1.24 per cent, to 10,735.45.

Top gainers in the Sensex pack on Thursday include ICICI Bank, Vedanta, ONGC, SBI, HUL, Bajaj Finance, Tata Motors, Sun Pharma, HUL and Axis Bank, rising up to 2.23 per cent.

On the other hand, Infosys, Yes Bank, Bharti Airtel, M&amp;M, Coal India and HDFC Bank fell up to 1.28 per cent.

According to traders, public sector bank stocks rose after the finance ministry on Wednesday announced infusion of Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans.

Besides, investor sentiment was also positive on buying by domestic institutional investors (DIIs) and foreign institutional investors (FIIs).

On a net basis, DIIs were net buyers to the tune of Rs 113.27 crore, and FIIs also bought shares worth a net of Rs 713.47 crore on Wednesday, provisional data available with BSE showed.

Investors also took cues from other Asian equities that were trading positive after the US Federal Reserve minutes affirmed that the central bank would be patient on interest rate hikes, amid anticipation of a resolution to US-China trade tiff.

Hong Kong's Hang Seng was up 0.54 per cent, Kospi rose 0.05 per cent, and Japan's Nikkei gained 0.35 per cent; while Shanghai Composite Index was trading 0.36 per cent in early trade.

On Wall Street, Dow Jones Industrial Average ended 0.24 per cent higher at 25,954.44 points on Wednesday.

The benchmark Brent crude futures rose 0.21 per cent to US $67.22 per barrel.

Meanwhile, the rupee appreciated to 71.02 against the US dollar in early session.

Benchmark indices started on a positive note Thursday tracking gains on banking counters, after the government announced infusion Rs 48,239 crore in 12 public sector banks, buying by foreign and domestic institutional investors, and positive global cues.

Benchmark indices started on a positive note Thursday tracking gains on banking counters, after the government announced infusion Rs 48,239 crore in 12 public sector banks, buying by foreign and domestic institutional investors, and positive global cues. The 30-share index was trading 8.47 points, or 0.02 per cent, at 35,764.73. Similarly, the 50-share NSE Nifty was trading 6.05 points, or 0.06 per cent, higher at 10,741.50. The Sensex had settled at 35,756.26, up 403.65 points, or 1.14 per cent in the previous session, while the broader NSE Nifty soared 131.10 points, or 1.24 per cent, to 10,735.45. Top gainers in the Sensex pack on Thursday include ICICI Bank, Vedanta, ONGC, SBI, HUL, Bajaj Finance, Tata Motors, Sun Pharma, HUL and Axis Bank, rising up to 2.23 per cent. On the other hand, Infosys, Yes Bank, Bharti Airtel, M&M, Coal India and HDFC Bank fell up to 1.28 per cent. According to traders, public sector bank stocks rose after the finance ministry on Wednesday announced infusion of Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans. Besides, investor sentiment was also positive on buying by domestic institutional investors (DIIs) and foreign institutional investors (FIIs). On a net basis, DIIs were net buyers to the tune of Rs 113.27 crore, and FIIs also bought shares worth a net of Rs 713.47 crore on Wednesday, provisional data available with BSE showed. Investors also took cues from other Asian equities that were trading positive after the US Federal Reserve minutes affirmed that the central bank would be patient on interest rate hikes, amid anticipation of a resolution to US-China trade tiff. Hong Kong's Hang Seng was up 0.54 per cent, Kospi rose 0.05 per cent, and Japan's Nikkei gained 0.35 per cent; while Shanghai Composite Index was trading 0.36 per cent in early trade. On Wall Street, Dow Jones Industrial Average ended 0.24 per cent higher at 25,954.44 points on Wednesday. The benchmark Brent crude futures rose 0.21 per cent to US $67.22 per barrel. Meanwhile, the rupee appreciated to 71.02 against the US dollar in early session.

Sensex, Nifty start on a positive note; bank stocks jump

The rupee darted up 9 paise to 71.02 against the US dollar in early trade Thursday amid a reversal in foreign fund outflows even as oil prices hardened.

At the Interbank Foreign Exchange (forex) market, the domestic unit opened slightly higher at 71.06 and built on the gains to reach 71.02.&nbsp;

Snapping a four-session downturn, the rupee had appreciated by 23 paise to end at 71.11 against the US dollar Wednesday.&nbsp;

Foreign institutional investors (FIIs), who had been heavy sellers over the past few sessions, net bought equities worth Rs 713.47 crore Wednesday, provisional data showed.&nbsp;

Brent crude futures, the global oil benchmark, was trading 0.24 per cent higher at US $67.24 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 96.52.

Meanwhile, the benchmark BSE Sensex climbed 19.16 points, or 0.05 per cent, to trade at 35,775.42 in early trade Thursday.&nbsp;

The rupee darted up 9 paise to 71.02 against the US dollar in early trade Thursday amid a reversal in foreign fund outflows even as oil prices hardened. At the Interbank Foreign Exchange (forex) market, the domestic unit opened slightly higher at 71.

The rupee darted up 9 paise to 71.02 against the US dollar in early trade Thursday amid a reversal in foreign fund outflows even as oil prices hardened. At the Interbank Foreign Exchange (forex) market, the domestic unit opened slightly higher at 71.06 and built on the gains to reach 71.02. Snapping a four-session downturn, the rupee had appreciated by 23 paise to end at 71.11 against the US dollar Wednesday. Foreign institutional investors (FIIs), who had been heavy sellers over the past few sessions, net bought equities worth Rs 713.47 crore Wednesday, provisional data showed. Brent crude futures, the global oil benchmark, was trading 0.24 per cent higher at US $67.24 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 96.52. Meanwhile, the benchmark BSE Sensex climbed 19.16 points, or 0.05 per cent, to trade at 35,775.42 in early trade Thursday.

Rupee rises 9 paise to 71.02 vs US dollar

US President Donald Trump threatened Wednesday to impose tariffs on European auto imports if he is unable to strike a trade deal with the EU.

"We're negotiating. If we don't make the deal, we'll do the tariffs," Trump told reporters in response to a question on new tariffs.

Trump's renewed threat against the EU auto industry takes on a new edge as it came two days after the Commerce Department delivered a report that sources said found <a href="http://www.wionews.com/world/merkel-says-us-calling-european-cars-a-threat-is-frightening-197761">European car imports constitute a national security threat to the United States</a>.

The report could set the stage for the White House to impose tariffs within 90 days, a move Brussels has vowed to parry with its own set of counter-tariffs.

Washington already has used the national security argument to impose steep tariffs on steel and aluminum imports, drawing instant retaliation from the EU, Canada, Mexico and China.

In one of many aggressive moves against US trading partners, Trump, who boasts that he favors tariffs, has threatened 25 percent duties on European autos, especially targeting Germany, which he says has harmed the American car industry.

Trump reached a truce with the EU following a meeting last July with European Commission President Jean-Claude Juncker but on Wednesday expressed frustration with the state of talks.

"We're trying to make a deal," Trump said. "They're very tough to make a deal with, the EU. They've been very difficult over a period of time, over many, many years."

However, negotiations with the EU have not yet begun. The European Commission must seek approval from member states on a negotiating mandate before it can enter into talks. EU trade ministers will meet in Bucharest on Thursday and Friday to review the proposal.

But the sides have differences over what is to be included: the US negotiating goals include agriculture, while EU officials insist that will be off limits, and talks will be restricted to industrial goods and regulatory issues.

The White House is also locked in tough, high-stakes negotiations with China to find a way to resolve the conflict that saw punishing tariffs exchanged between Beijing and Washington.

US President Donald Trump threatened Wednesday to impose tariffs on European auto imports if he is unable to strike a trade deal with the EU. "We're negotiating.

US President Donald Trump threatened Wednesday to impose tariffs on European auto imports if he is unable to strike a trade deal with the EU. "We're negotiating. If we don't make the deal, we'll do the tariffs," Trump told reporters in response to a question on new tariffs. Trump's renewed threat against the EU auto industry takes on a new edge as it came two days after the Commerce Department delivered a report that sources said found European car imports constitute a national security threat to the United States. The report could set the stage for the White House to impose tariffs within 90 days, a move Brussels has vowed to parry with its own set of counter-tariffs. Washington already has used the national security argument to impose steep tariffs on steel and aluminum imports, drawing instant retaliation from the EU, Canada, Mexico and China. In one of many aggressive moves against US trading partners, Trump, who boasts that he favors tariffs, has threatened 25 percent duties on European autos, especially targeting Germany, which he says has harmed the American car industry. Trump reached a truce with the EU following a meeting last July with European Commission President Jean-Claude Juncker but on Wednesday expressed frustration with the state of talks. "We're trying to make a deal," Trump said. "They're very tough to make a deal with, the EU. They've been very difficult over a period of time, over many, many years." However, negotiations with the EU have not yet begun. The European Commission must seek approval from member states on a negotiating mandate before it can enter into talks. EU trade ministers will meet in Bucharest on Thursday and Friday to review the proposal. But the sides have differences over what is to be included: the US negotiating goals include agriculture, while EU officials insist that will be off limits, and talks will be restricted to industrial goods and regulatory issues. The White House is also locked in tough, high-stakes negotiations with China to find a way to resolve the conflict that saw punishing tariffs exchanged between Beijing and Washington.

Trump threatens tariffs on EU if no trade deal reached

Extending gains for the second session, the BSE Sensex rose 142 points Thursday led by pharma, metal, auto and banking stocks amid buying by foreign and domestic institutional investors.

The 30-share Sensex settled 142.09 points, or 0.40 per cent higher at 35,898.35. The broader NSE Nifty gained 54.40 points, or 0.51 per cent, to 10,789.85.

Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&amp;T and SBI, rising up to 2.78 per cent.

On the other hand, Yes Bank, Coal India, Infosys, IndusInd Bank, Kotak Bank, Axis Bank, ITC and TCS slipped up to 1.33 per cent.

Sectorally, the BSE metal index, consumer durables, healthcare, finance and bankex rose up to 1.14 per cent; while IT and teck indices ended with losses.

Broader indices outperformed the benchmark. The BSE Midcap index climbed 0.88 per cent while the small-cap gauge rose 1.07 per cent.

According to traders, state-owned banks rose after the finance ministry on Wednesday announced infusion of Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans.

Foreign institutional investors (FIIs), who had been heavy sellers over the past few sessions, net bought equities worth Rs 713.47 crore Wednesday, while domestic institutional investors bought equities worth Rs 113.27 crore, provisional data showed.&nbsp;

Elsewhere in Asia, Hong Kong's Hang Seng rose 0.41 per cent and Japan's Nikkei ended 0.15 per cent higher; while Shanghai Composite Index shed 0.34 per cent and Korea's Kospi slipped 0.04 per cent.

In the Eurozone, Frankfurt's DAX was up 0.28 per cent, Paris CAC 40 fell 0.06 per cent, and London's FTSE was down 0.63 per cent in early deals.

The benchmark Brent crude futures fell 0.12 per cent to USD 67 per barrel. 
Meanwhile, the rupee depreciated marginally to 71.14 against the US dollar intra-day.&nbsp;

Extending gains for the second session, the BSE Sensex rose 142 points Thursday led by pharma, metal, auto and banking stocks amid buying by foreign and domestic institutional investors.

Extending gains for the second session, the BSE Sensex rose 142 points Thursday led by pharma, metal, auto and banking stocks amid buying by foreign and domestic institutional investors. The 30-share Sensex settled 142.09 points, or 0.40 per cent higher at 35,898.35. The broader NSE Nifty gained 54.40 points, or 0.51 per cent, to 10,789.85. Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78 per cent. On the other hand, Yes Bank, Coal India, Infosys, IndusInd Bank, Kotak Bank, Axis Bank, ITC and TCS slipped up to 1.33 per cent. Sectorally, the BSE metal index, consumer durables, healthcare, finance and bankex rose up to 1.14 per cent; while IT and teck indices ended with losses. Broader indices outperformed the benchmark. The BSE Midcap index climbed 0.88 per cent while the small-cap gauge rose 1.07 per cent. According to traders, state-owned banks rose after the finance ministry on Wednesday announced infusion of Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans. Foreign institutional investors (FIIs), who had been heavy sellers over the past few sessions, net bought equities worth Rs 713.47 crore Wednesday, while domestic institutional investors bought equities worth Rs 113.27 crore, provisional data showed. Elsewhere in Asia, Hong Kong's Hang Seng rose 0.41 per cent and Japan's Nikkei ended 0.15 per cent higher; while Shanghai Composite Index shed 0.34 per cent and Korea's Kospi slipped 0.04 per cent. In the Eurozone, Frankfurt's DAX was up 0.28 per cent, Paris CAC 40 fell 0.06 per cent, and London's FTSE was down 0.63 per cent in early deals. The benchmark Brent crude futures fell 0.12 per cent to USD 67 per barrel. Meanwhile, the rupee depreciated marginally to 71.14 against the US dollar intra-day.

Sensex ends 142 points higher; pharma, metal stocks rally

The rupee inched up 3 paise to 71.31 against the US dollar in early trade Wednesday even as foreign fund outflows continued amid firming oil prices.

At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.29 but gave up the gains to trade at 71.31.

The rupee had closed at 71.34 versus the greenback Monday. Money markets were closed Tuesday on account of Chhatrapati Shivaji Jayanti.

Foreign institutional investors (FIIs) remained in sell-off mode, offloading shares worth a net Rs 813.76 crore Tuesday, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,163.85 crore, provisional data showed.

Brent crude futures, the global oil benchmark, was trading 0.14 per cent higher at USD 66.54 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was marginally down by 0.01 per cent at 96.51.

Meanwhile, the benchmark BSE Sensex rose after nine straight sessions of fall. It rebounded 282.75 points, or 0.80 per cent, to 35,635.36 in early session Wednesday.&nbsp;

The rupee inched up 3 paise to 71.31 against the US dollar in early trade Wednesday even as foreign fund outflows continued amid firming oil prices. At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.

The rupee inched up 3 paise to 71.31 against the US dollar in early trade Wednesday even as foreign fund outflows continued amid firming oil prices. At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.29 but gave up the gains to trade at 71.31. The rupee had closed at 71.34 versus the greenback Monday. Money markets were closed Tuesday on account of Chhatrapati Shivaji Jayanti. Foreign institutional investors (FIIs) remained in sell-off mode, offloading shares worth a net Rs 813.76 crore Tuesday, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,163.85 crore, provisional data showed. Brent crude futures, the global oil benchmark, was trading 0.14 per cent higher at USD 66.54 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, was marginally down by 0.01 per cent at 96.51. Meanwhile, the benchmark BSE Sensex rose after nine straight sessions of fall. It rebounded 282.75 points, or 0.80 per cent, to 35,635.36 in early session Wednesday.

Rupee rises 3 paise to 71.31 vs US dollar

The BSE benchmark Sensex rallied over 250 points in early trade Wednesday as metal, banking and realty stocks soared amid sustained buying by domestic institutional investors.

Positive cues from other Asian markets too buoyed mood on Dalal Street.

The 30-share index was trading 269.24 points, or 0.76 per cent, at 35,621.85. Similarly, the 50-share NSE Nifty rose 74.40 points, or 0.70 per cent, to 10,678.75.

The Sensex had settled 145.83 points lower at 35,352.61 in the previous session, while the Nifty had fallen 36.60 points to 10,604.35.

Top gainers in the Sensex pack on Wednesday include ONGC, Vedanta, Yes Bank, Bajaj Finance, Axis Bank, Sun Pharma, L&amp;T, Tata Steel, HDFC, Reliance and Bharti Airtel, rising up to 2.12 per cent.

On the other hand, HCL Tech, Hero MotoCorp, Bajaj Auto and M&amp;M were the losers, falling up to 0.76 per cent.

According to traders, investor sentiment was positive on strong buying by domestic institutional investors (DIIs).

On a net basis, DIIs were net buyers to the tune of Rs 1,163.85 crore, while foreign institutional investors sold shares worth a net of Rs 813.76 crore on Tuesday, provisional data available with BSE showed.

Investors also took cues from other Asian equities that were trading positive on hopes of a resolution to US-China trade tiff.

US President Donald Trump Tuesday said that negotiations with China on a trade deal were going very well, but refrained from committing any extension of the March 1 deadline to arrive at such an understanding.

Global markets are also eyeing minutes from the US Federal Reserve, scheduled for release later in the day, for clues on key interest rates, traders said.

Elsewhere in Asia, Hong Kong's Hang Seng was up 0.50 per cent, Kospi jumped 1.17 per cent, and Japan's Nikkei gained 0.70 per cent; while Shanghai Composite Index slipped 0.15 per cent in early trade.

On Wall Street, Dow Jones Industrial Average ended almost flat at 25,891.32 points on Tuesday.

The benchmark Brent crude futures rose 0.08 per cent to USD 66.50 per barrel.

Meanwhile, the rupee appreciated marginally to 71.31 against the US dollar in early session.

The BSE benchmark Sensex rallied over 250 points in early trade Wednesday as metal, banking and realty stocks soared amid sustained buying by domestic institutional investors.

The BSE benchmark Sensex rallied over 250 points in early trade Wednesday as metal, banking and realty stocks soared amid sustained buying by domestic institutional investors. Positive cues from other Asian markets too buoyed mood on Dalal Street. The 30-share index was trading 269.24 points, or 0.76 per cent, at 35,621.85. Similarly, the 50-share NSE Nifty rose 74.40 points, or 0.70 per cent, to 10,678.75. The Sensex had settled 145.83 points lower at 35,352.61 in the previous session, while the Nifty had fallen 36.60 points to 10,604.35. Top gainers in the Sensex pack on Wednesday include ONGC, Vedanta, Yes Bank, Bajaj Finance, Axis Bank, Sun Pharma, L&T, Tata Steel, HDFC, Reliance and Bharti Airtel, rising up to 2.12 per cent. On the other hand, HCL Tech, Hero MotoCorp, Bajaj Auto and M&M were the losers, falling up to 0.76 per cent. According to traders, investor sentiment was positive on strong buying by domestic institutional investors (DIIs). On a net basis, DIIs were net buyers to the tune of Rs 1,163.85 crore, while foreign institutional investors sold shares worth a net of Rs 813.76 crore on Tuesday, provisional data available with BSE showed. Investors also took cues from other Asian equities that were trading positive on hopes of a resolution to US-China trade tiff. US President Donald Trump Tuesday said that negotiations with China on a trade deal were going very well, but refrained from committing any extension of the March 1 deadline to arrive at such an understanding. Global markets are also eyeing minutes from the US Federal Reserve, scheduled for release later in the day, for clues on key interest rates, traders said. Elsewhere in Asia, Hong Kong's Hang Seng was up 0.50 per cent, Kospi jumped 1.17 per cent, and Japan's Nikkei gained 0.70 per cent; while Shanghai Composite Index slipped 0.15 per cent in early trade. On Wall Street, Dow Jones Industrial Average ended almost flat at 25,891.32 points on Tuesday. The benchmark Brent crude futures rose 0.08 per cent to USD 66.50 per barrel. Meanwhile, the rupee appreciated marginally to 71.31 against the US dollar in early session.

Sensex jumps over 250 points; metal stocks rally

The finance ministry Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans.

Financial Services Secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of the RBI.

Further, Rs 4,638 crore and Rs 205 crore will be provided to Bank of India and Bank of Maharashtra. These banks have recently come out of the regulatory supervisory framework PCA of the RBI.

Kumar further said Punjab National Bank will get Rs 5,908 crore, Union Bank of India Rs 4,112 crore, Andhra Bank Rs 3,256 crore and Syndicate Bank Rs 1,603 crore.

The government will pump in Rs 12,535 crore in four other banks under PCA -- Central Bank of India, United Bank, UCO Bank and Indian Overseas Bank.&nbsp; 
The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.&nbsp;

The finance ministry Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans.

The finance ministry Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans. Financial Services Secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of the RBI. Further, Rs 4,638 crore and Rs 205 crore will be provided to Bank of India and Bank of Maharashtra. These banks have recently come out of the regulatory supervisory framework PCA of the RBI. Kumar further said Punjab National Bank will get Rs 5,908 crore, Union Bank of India Rs 4,112 crore, Andhra Bank Rs 3,256 crore and Syndicate Bank Rs 1,603 crore. The government will pump in Rs 12,535 crore in four other banks under PCA -- Central Bank of India, United Bank, UCO Bank and Indian Overseas Bank. The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

Government announces Rs 48,239 cr recapitalisation plan for 12 public sector banks 

Indian shares closed over one per cent higher on Wednesday, with the benchmark BSE Sensex snapping a nine-day losing streak, led by strength in index heavyweights Reliance Industries Ltd and Infosys Ltd.

Shares in broader Asia rallied as investors bet the latest round of talks between the United States and China would yield a trade deal, putting an end to a protracted tariff war.

The broader NSE Nifty closed 1.24 per cent higher at 10,735.45, while the benchmark BSE Sensex ended up 1.14 per cent at 35,756.26.

The BSE Sensex snapped out of nine straight days of losses, recouping from its worst losing streak in nearly eight years, while the NSE index recovered after eight consecutive sessions of falls.

Reliance Industries finished 1.5 per cent higher, while Infosys ended up 2.3 per cent.

Indian shares closed over one per cent higher on Wednesday, with the benchmark BSE Sensex snapping a nine-day losing streak, led by strength in index heavyweights Reliance Industries Ltd and Infosys Ltd.

Indian shares closed over one per cent higher on Wednesday, with the benchmark BSE Sensex snapping a nine-day losing streak, led by strength in index heavyweights Reliance Industries Ltd and Infosys Ltd. Shares in broader Asia rallied as investors bet the latest round of talks between the United States and China would yield a trade deal, putting an end to a protracted tariff war. The broader NSE Nifty closed 1.24 per cent higher at 10,735.45, while the benchmark BSE Sensex ended up 1.14 per cent at 35,756.26. The BSE Sensex snapped out of nine straight days of losses, recouping from its worst losing streak in nearly eight years, while the NSE index recovered after eight consecutive sessions of falls. Reliance Industries finished 1.5 per cent higher, while Infosys ended up 2.3 per cent.

Sensex, Nifty end over 1 per cent higher as heavyweights shine

Honda's decision on Tuesday to close its only British car plant in 2021 with the loss of up to 3,500 jobs was discussed in the British parliament, with British Business Minister Greg Clark describing it as a "bitter blow".

The closure of the plant marks a major departure of Japanese investment and was announced just over a month before the United Kingdom is due to leave the European Union.

The automaker is Britain's fourth-biggest automaker, building more than a tenth of the 1.5 million cars made in the country.

Honda said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars, after struggling in Europe.

The loss of such a major employer in Swindon, which backed Brexit in the June 2016 referendum, risks a further 10,000 jobs in the supply chain, which could have knock-on effects for other carmakers due to the interconnected nature of the sector.

Honda's decision on Tuesday to close its only British car plant in 2021 with the loss of up to 3,500 jobs was discussed in the British parliament, with British Business Minister Greg Clark describing it as a "bitter blow".

Honda's decision on Tuesday to close its only British car plant in 2021 with the loss of up to 3,500 jobs was discussed in the British parliament, with British Business Minister Greg Clark describing it as a "bitter blow". The closure of the plant marks a major departure of Japanese investment and was announced just over a month before the United Kingdom is due to leave the European Union. The automaker is Britain's fourth-biggest automaker, building more than a tenth of the 1.5 million cars made in the country. Honda said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars, after struggling in Europe. The loss of such a major employer in Swindon, which backed Brexit in the June 2016 referendum, risks a further 10,000 jobs in the supply chain, which could have knock-on effects for other carmakers due to the interconnected nature of the sector.

Honda decision a 'bitter blow' to UK: Business minister

The BSE benchmark Sensex recovered over 100 points Tuesday, led by strong buying by domestic institutional investors amid positive global cues.

The 30-share index was trading 124.21 points, or 0.35 per cent, at 35,622.65. Similarly, the 50-share NSE Nifty rose 38.90 points, or 0.37 per cent, to 10,679.85.

Top gainers in the Sensex pack include Bharti Airtel, Bajaj Finance, M&amp;M, PowerGrid, ICICI Bank, ONGC, L&amp;T, Bajaj Auto, Vedanta, Tata Steel, Axis Bank and Yes Bank, rising up to 1.45 per cent.

On the other hand, HUL, Tata Motors, Infosys, HDFC, TCS and IndusInd Bank were the losers, falling up to 0.76 per cent.

Investor sentiment was positive on strong buying by domestic institutional investors (DIIs), said traders.

On a net basis, DIIs were net buyers to the tune of Rs 2,336.74 crore, while foreign institutional investors sold shares worth a net of Rs 1,239.79 crore on Monday, provisional data available with BSE showed.

A firm trend in global equities on hopes of a resolution to the US-China trade conflict, as the next round of talks begin later in the day, too pushed domestic indices in the positive terrain, traders added.

Hong Kong's Hang Seng was up 0.03 per cent, Shanghai Composite Index rose 0.25 per cent higher, Kospi inched 0.01 per cent higher, and Japan's Nikkei gained 0.07 per cent in early trade.

On Wall Street, Dow Jones Industrial Average was closed on Monday for a public holiday.

The benchmark Brent crude futures slipped 0.57 per cent to $66.12 per barrel.

Meanwhile, the domestic currency derivatives markets are closed on account of Chhatrapati Shivaji Jayanti.

The BSE benchmark Sensex recovered over 100 points Tuesday, led by strong buying by domestic institutional investors amid positive global cues. The 30-share index was trading 124.

The BSE benchmark Sensex recovered over 100 points Tuesday, led by strong buying by domestic institutional investors amid positive global cues. The 30-share index was trading 124.21 points, or 0.35 per cent, at 35,622.65. Similarly, the 50-share NSE Nifty rose 38.90 points, or 0.37 per cent, to 10,679.85. Top gainers in the Sensex pack include Bharti Airtel, Bajaj Finance, M&M, PowerGrid, ICICI Bank, ONGC, L&T, Bajaj Auto, Vedanta, Tata Steel, Axis Bank and Yes Bank, rising up to 1.45 per cent. On the other hand, HUL, Tata Motors, Infosys, HDFC, TCS and IndusInd Bank were the losers, falling up to 0.76 per cent. Investor sentiment was positive on strong buying by domestic institutional investors (DIIs), said traders. On a net basis, DIIs were net buyers to the tune of Rs 2,336.74 crore, while foreign institutional investors sold shares worth a net of Rs 1,239.79 crore on Monday, provisional data available with BSE showed. A firm trend in global equities on hopes of a resolution to the US-China trade conflict, as the next round of talks begin later in the day, too pushed domestic indices in the positive terrain, traders added. Hong Kong's Hang Seng was up 0.03 per cent, Shanghai Composite Index rose 0.25 per cent higher, Kospi inched 0.01 per cent higher, and Japan's Nikkei gained 0.07 per cent in early trade. On Wall Street, Dow Jones Industrial Average was closed on Monday for a public holiday. The benchmark Brent crude futures slipped 0.57 per cent to $66.12 per barrel. Meanwhile, the domestic currency derivatives markets are closed on account of Chhatrapati Shivaji Jayanti.

Sensex rebounds over 100 points; Nifty nears 10,700

Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from US&nbsp;sanctions.

Shipments are averaging 1.25 million barrels per day (bpd) in February, Refinitiv Eikon data showed and a source at a company that tracks Iranian exports said. They were between 1.1 and 1.3 million bpd in January, higher than first thought.

A high rate of Iranian shipments would weigh on oil prices and work against a global push to cut supply in 2019 led by the Organization of the Petroleum Exporting Countries. OPEC member Iran negotiated an exemption from the production-cutting pact.

"We think people are taking more ahead of the deadline," said the industry source who tracks Iranian exports, referring to the scheduled end of US&nbsp;sanctions waivers in May.

Increased exports from the Islamic Republic might prompt renewed US&nbsp;efforts to clamp down on flows. However, this would run the risk of driving up oil prices as Washington is also seeking to curtail exports from another foe, Venezuela.

Iran's exports have become more opaque since US&nbsp;sanctions on the country's oil sector took effect in November. While most agree they have dropped steeply, views on flows can differ by as much as several hundred thousand barrels per day - enough to affect prices.

The February shipments are up from January's 1.1 million bpd, according to Refinitiv. The industry source estimated January exports at 1.3 million bpd, close to February's level.

In any case, the January figures are higher than initial estimates. Some had predicted Iranian crude exports would stay below 1 million bpd last month, a similar rate to that in December.

A source at a second company that tracks Iranian exports said shipments in the first 10 days of February were above 1.1 million bpd and on a rising trend - higher than the source expected.

Washington gave waivers to eight buyers - including China, India, Japan and South Korea, which were all purchasing Iranian crude in February, according to Refinitiv.

The rise in shipments raises the prospect of less generous waivers, should Washington renew such exemptions when those in place expire. The US&nbsp;special representative for Iran said last month there would be a much deeper reduction in Iranian exports.

Shipments have dropped steeply from at least 2.5 million bpd in April 2018, the month before US&nbsp;President Donald Trump withdrew the United States from a 2015 nuclear deal with Iran and reimposed sanctions.

Tehran has vowed to keep exporting oil despite US&nbsp;efforts to reduce its shipments to zero.

 
&nbsp;

Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from US sanctions.

Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from US sanctions. Shipments are averaging 1.25 million barrels per day (bpd) in February, Refinitiv Eikon data showed and a source at a company that tracks Iranian exports said. They were between 1.1 and 1.3 million bpd in January, higher than first thought. A high rate of Iranian shipments would weigh on oil prices and work against a global push to cut supply in 2019 led by the Organization of the Petroleum Exporting Countries. OPEC member Iran negotiated an exemption from the production-cutting pact. "We think people are taking more ahead of the deadline," said the industry source who tracks Iranian exports, referring to the scheduled end of US sanctions waivers in May. Increased exports from the Islamic Republic might prompt renewed US efforts to clamp down on flows. However, this would run the risk of driving up oil prices as Washington is also seeking to curtail exports from another foe, Venezuela. Iran's exports have become more opaque since US sanctions on the country's oil sector took effect in November. While most agree they have dropped steeply, views on flows can differ by as much as several hundred thousand barrels per day - enough to affect prices. The February shipments are up from January's 1.1 million bpd, according to Refinitiv. The industry source estimated January exports at 1.3 million bpd, close to February's level. In any case, the January figures are higher than initial estimates. Some had predicted Iranian crude exports would stay below 1 million bpd last month, a similar rate to that in December. A source at a second company that tracks Iranian exports said shipments in the first 10 days of February were above 1.1 million bpd and on a rising trend - higher than the source expected. Washington gave waivers to eight buyers - including China, India, Japan and South Korea, which were all purchasing Iranian crude in February, according to Refinitiv. The rise in shipments raises the prospect of less generous waivers, should Washington renew such exemptions when those in place expire. The US special representative for Iran said last month there would be a much deeper reduction in Iranian exports. Shipments have dropped steeply from at least 2.5 million bpd in April 2018, the month before US President Donald Trump withdrew the United States from a 2015 nuclear deal with Iran and reimposed sanctions. Tehran has vowed to keep exporting oil despite US efforts to reduce its shipments to zero.

Despite sanctions, Iran's oil exports rise in early 2019

Panasonic, Sony, Nissan and now Honda: a recent exodus of Japanese firms from Britain is not solely down to Brexit, analysts say, but it has in many cases accelerated the decision to leave.&nbsp;

On Tuesday, <a href="http://www.wionews.com/business-economy/honda-to-shut-only-british-factory-mulls-a-move-to-north-america-198289">Honda was the latest Japanese firm to send shockwaves</a> through British industry by announcing the end of its plant in Swindon, where around 3,500 workers have been producing the "Civic" for more than 24 years.

Officials rushed to divert blame from Brexit, with local MP Justin Tomlinson saying the decision was down to "global trends" and pointing out that Honda was transferring all European production back to Japan.

But while there are specific reasons behind each individual business decision, analysts said the spectre of Brexit was haunting Japanese firms across the board.

"Honda seems to have been preparing for this for a long time. Then Brexit happened, which might have pushed the company to make the decision now," said Seiji Sugiura, an analyst at Tokai Tokyo Research Institute.

Both Sugiura and Satoru Takada, an auto analyst at TIW research firm based in Tokyo, noted that Honda had been debating what to do with the Swindon plant for some time.

"It has struggled in recent years. Then came Brexit," said Takada.

"The change in the business environment pushed the company to make the decision now," he added.

Honda's decision came hot on the heels of Nissan axing production at its Sunderland plant in northeastern England.

There are around 1,000 Japanese companies operating in Britain, supporting some 140,000 jobs.

And while firms from Japan are not the only ones pulling out from Britain, a long history of Japanese investment in the country stemming from Japan Inc's boom days in the late 80s makes the exodus all the more painful.

"I think Swindon's finished without Honda," said Sue Davis, a local resident. "My ex-husband works there, has done for 20 years."

Sugiura said Japanese carmakers were attracted by a business-friendly environment under Conservative leader Margaret Thatcher in the 1980s as well as by Britain's access to European markets.

"Originally they decided to go to Britain, rather than the continent, because it offered the merit of an integrated EU. Now, things are the exact opposite," the analyst told AFP.

'Country risk'

When it comes to the automakers, rapid changes in the car industry and the global trade environment are also factors in paring back operations, the analysts said.

A huge EU-Japan free trade agreement that came into effect this month also reduces the incentive for Japanese firms to operate in Europe by phasing out tariffs.

Takada also pointed out that Japanese firms have generally struggled in Europe where they are competing on the home turf of German giants like Volkswagen.

But it is not just carmakers deciding to scale back their presence. Electronics giants Sony and Panasonic have also announced shifts from Britain.

Major Japanese banks are pulling out of London and nuclear firm Hitachi last month announced a freeze in a major power plant in Wales.

Many of these firms said Brexit wasn't the only factor in their decision but it played a part.

"What are the reasons for this pullout? One of them is distrust in Britain itself -- its economy, politics and society are in disarray," said Yosuku Tsuchida, a researcher at Mitsubishi UFJ Research and Consulting.

"It's country risk."

Tsuchida predicted that other firms using Britain as a base for continental Europe would consider pulling out.

Japanese Prime Minister Shinzo Abe has pleaded for clarity for Japanese firms and said "the whole world" is hoping that a no-deal Brexit can be avoided.

Analyst Sugiura from Tokai Tokyo said the future for investment into Britain was far from bright.

"The lack of clarity in Brexit is discouraging businesses from making a fresh investment. Investing in the UK doesn't seem attractive anymore now."

"One has to question if Britain is now a suitable location to have a production hub," said Takada.

Panasonic, Sony, Nissan and now Honda: a recent exodus of Japanese firms from Britain is not solely down to Brexit, analysts say, but it has in many cases accelerated the decision to leave.

Panasonic, Sony, Nissan and now Honda: a recent exodus of Japanese firms from Britain is not solely down to Brexit, analysts say, but it has in many cases accelerated the decision to leave. On Tuesday, Honda was the latest Japanese firm to send shockwaves through British industry by announcing the end of its plant in Swindon, where around 3,500 workers have been producing the "Civic" for more than 24 years. Officials rushed to divert blame from Brexit, with local MP Justin Tomlinson saying the decision was down to "global trends" and pointing out that Honda was transferring all European production back to Japan. But while there are specific reasons behind each individual business decision, analysts said the spectre of Brexit was haunting Japanese firms across the board. "Honda seems to have been preparing for this for a long time. Then Brexit happened, which might have pushed the company to make the decision now," said Seiji Sugiura, an analyst at Tokai Tokyo Research Institute. Both Sugiura and Satoru Takada, an auto analyst at TIW research firm based in Tokyo, noted that Honda had been debating what to do with the Swindon plant for some time. "It has struggled in recent years. Then came Brexit," said Takada. "The change in the business environment pushed the company to make the decision now," he added. Honda's decision came hot on the heels of Nissan axing production at its Sunderland plant in northeastern England. There are around 1,000 Japanese companies operating in Britain, supporting some 140,000 jobs. And while firms from Japan are not the only ones pulling out from Britain, a long history of Japanese investment in the country stemming from Japan Inc's boom days in the late 80s makes the exodus all the more painful. "I think Swindon's finished without Honda," said Sue Davis, a local resident. "My ex-husband works there, has done for 20 years." Sugiura said Japanese carmakers were attracted by a business-friendly environment under Conservative leader Margaret Thatcher in the 1980s as well as by Britain's access to European markets. "Originally they decided to go to Britain, rather than the continent, because it offered the merit of an integrated EU. Now, things are the exact opposite," the analyst told AFP. 'Country risk' When it comes to the automakers, rapid changes in the car industry and the global trade environment are also factors in paring back operations, the analysts said. A huge EU-Japan free trade agreement that came into effect this month also reduces the incentive for Japanese firms to operate in Europe by phasing out tariffs. Takada also pointed out that Japanese firms have generally struggled in Europe where they are competing on the home turf of German giants like Volkswagen. But it is not just carmakers deciding to scale back their presence. Electronics giants Sony and Panasonic have also announced shifts from Britain. Major Japanese banks are pulling out of London and nuclear firm Hitachi last month announced a freeze in a major power plant in Wales. Many of these firms said Brexit wasn't the only factor in their decision but it played a part. "What are the reasons for this pullout? One of them is distrust in Britain itself -- its economy, politics and society are in disarray," said Yosuku Tsuchida, a researcher at Mitsubishi UFJ Research and Consulting. "It's country risk." Tsuchida predicted that other firms using Britain as a base for continental Europe would consider pulling out. Japanese Prime Minister Shinzo Abe has pleaded for clarity for Japanese firms and said "the whole world" is hoping that a no-deal Brexit can be avoided. Analyst Sugiura from Tokai Tokyo said the future for investment into Britain was far from bright. "The lack of clarity in Brexit is discouraging businesses from making a fresh investment. Investing in the UK doesn't seem attractive anymore now." "One has to question if Britain is now a suitable location to have a production hub," said Takada.

Brexit accelerating Japanese firms' exodus from UK: Report

Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber.

The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement.

In January, Ola had issued shares worth Rs 150 crore to Sachin as part of series J round of funding.

Sachin, who founded Flipkart over a decade ago with Binny Bansal, had quit after US retail behemoth Walmart picked up 77 per cent stake in the Indian e-commerce company for USD 16 billion.

"Ola is one of India's most promising consumer businesses, that is creating deep impact and lasting value for the ecosystem," Sachin said.

The investment is part of Ola's plans to raise about USD 1 billion in funding. In October last year, the Bengaluru-based company had announced raising USD 1.1 billion funding from China's Tencent Holdings and SoftBank Group. 
It had also stated that it was in "advanced talks" to close an additional USD 1 billion funding to take total mop-up to more than USD 2 billion.

Ola is locked in a battle for market leadership with US-based rival Uber in India and other markets like Australia, New Zealand and the UK.

The Indian company has been aggressively ramping up its rides business as well as hailing platform and food delivery operations (through Foodpanda).

"We are extremely thrilled to have Sachin onboard Ola as an investor. Sachin is an icon of entrepreneurship and his experience of building one of India's most respected businesses ground up, is unparalleled," said Bhavish Aggarwal, co-founder and CEO at Ola.

Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement.

Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement. In January, Ola had issued shares worth Rs 150 crore to Sachin as part of series J round of funding. Sachin, who founded Flipkart over a decade ago with Binny Bansal, had quit after US retail behemoth Walmart picked up 77 per cent stake in the Indian e-commerce company for USD 16 billion. "Ola is one of India's most promising consumer businesses, that is creating deep impact and lasting value for the ecosystem," Sachin said. The investment is part of Ola's plans to raise about USD 1 billion in funding. In October last year, the Bengaluru-based company had announced raising USD 1.1 billion funding from China's Tencent Holdings and SoftBank Group. It had also stated that it was in "advanced talks" to close an additional USD 1 billion funding to take total mop-up to more than USD 2 billion. Ola is locked in a battle for market leadership with US-based rival Uber in India and other markets like Australia, New Zealand and the UK. The Indian company has been aggressively ramping up its rides business as well as hailing platform and food delivery operations (through Foodpanda). "We are extremely thrilled to have Sachin onboard Ola as an investor. Sachin is an icon of entrepreneurship and his experience of building one of India's most respected businesses ground up, is unparalleled," said Bhavish Aggarwal, co-founder and CEO at Ola.

Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola cabs

A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday.

The WTO's quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of 96.3, the weakest since March 2010 and down from 98.6 in November. A reading below 100 signals below-trend growth in trade.

A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday.

A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday. The WTO's quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of 96.3, the weakest since March 2010 and down from 98.6 in November. A reading below 100 signals below-trend growth in trade.

WTO warns of global trade slowdown as indicator hits nine-year low

Extending its fall for the ninth consecutive session, the BSE Sensex gave up early gains to end 146 points lower Tuesday, dragged down by IT stocks amid strong foreign fund outflows.

Lacklustre cues from other Asian and European markets too weighed on investor sentiment, analysts said.

After a 489-point intra-day swing, the 30-share index settled 145.83 points, or 0.41 per cent lower at 35,352.61. The broader NSE Nifty fell 36.60 points, or 0.34 per cent, to 10,604.35.

TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.

Other losers were NTPC, IndusInd Bank, Hero MotoCorp, HDFC, Bajaj Auto, HCL Tech, HUL, Maruti and PowerGrid, shedding up to 2.34 per cent.

On the other hand, Vedanta, ICICI Bank, ONGC, M&amp;M, L&amp;T, Tata Steel, SBI, Bajaj Finance, Bharti Airtel and ITC were among the gainers, rising up to 3.38 per cent.

Sectorally, BSE IT index lost the most, shedding 2.09 per cent, followed by power and utilities.

"The fall was mainly due to the sudden fall in the IT stocks like TCS, Wipro and Infosys," said Joseph Thomas, Head Research - Emkay Wealth Management.

There is a certain level of inaction stemming from the European economic numbers indicating a slowdown in growth, and enhanced rhetoric in the sub-continent on the Indo-Pak relations, he added.

Metal, telecom, auto and realty indices, however, ended in the green, rising up to 1.66 per cent.

Meanwhile, broader indices outperformed benchmark indices, with the BSE Midcap and Smallcap rising up to 0.55 per cent.

Investor sentiment also turned negative on heavy selling by foreign institutional investors (FIIs), said traders.

FIIs sold shares worth a net Rs 1,239.79 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,336.74 crore on Monday, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng fell 0.42 per cent and Korea's Kospi fell 0.24 per cent. Japan's Nikkei ended 0.09 per cent up and Shanghai Composite Index inched up 0.04 per cent.

In the Eurozone, Frankfurt's DAX was down 0.12 per cent, Paris CAC 40 fell 0.40 per cent, and London's FTSE shed 0.55 per cent in early deals.

Meanwhile, the domestic currency derivatives markets were closed on account of Chhatrapati Shivaji Jayanti.

Brent crude futures were trading 0.29 per cent lower at USD 66.31 per barrel.

Extending its fall for the ninth consecutive session, the BSE Sensex gave up early gains to end 146 points lower Tuesday, dragged down by IT stocks amid strong foreign fund outflows.

Extending its fall for the ninth consecutive session, the BSE Sensex gave up early gains to end 146 points lower Tuesday, dragged down by IT stocks amid strong foreign fund outflows. Lacklustre cues from other Asian and European markets too weighed on investor sentiment, analysts said. After a 489-point intra-day swing, the 30-share index settled 145.83 points, or 0.41 per cent lower at 35,352.61. The broader NSE Nifty fell 36.60 points, or 0.34 per cent, to 10,604.35. TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent. Other losers were NTPC, IndusInd Bank, Hero MotoCorp, HDFC, Bajaj Auto, HCL Tech, HUL, Maruti and PowerGrid, shedding up to 2.34 per cent. On the other hand, Vedanta, ICICI Bank, ONGC, M&M, L&T, Tata Steel, SBI, Bajaj Finance, Bharti Airtel and ITC were among the gainers, rising up to 3.38 per cent. Sectorally, BSE IT index lost the most, shedding 2.09 per cent, followed by power and utilities. "The fall was mainly due to the sudden fall in the IT stocks like TCS, Wipro and Infosys," said Joseph Thomas, Head Research - Emkay Wealth Management. There is a certain level of inaction stemming from the European economic numbers indicating a slowdown in growth, and enhanced rhetoric in the sub-continent on the Indo-Pak relations, he added. Metal, telecom, auto and realty indices, however, ended in the green, rising up to 1.66 per cent. Meanwhile, broader indices outperformed benchmark indices, with the BSE Midcap and Smallcap rising up to 0.55 per cent. Investor sentiment also turned negative on heavy selling by foreign institutional investors (FIIs), said traders. FIIs sold shares worth a net Rs 1,239.79 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,336.74 crore on Monday, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng fell 0.42 per cent and Korea's Kospi fell 0.24 per cent. Japan's Nikkei ended 0.09 per cent up and Shanghai Composite Index inched up 0.04 per cent. In the Eurozone, Frankfurt's DAX was down 0.12 per cent, Paris CAC 40 fell 0.40 per cent, and London's FTSE shed 0.55 per cent in early deals. Meanwhile, the domestic currency derivatives markets were closed on account of Chhatrapati Shivaji Jayanti. Brent crude futures were trading 0.29 per cent lower at USD 66.31 per barrel.

Sensex falls for 9th straight session, ends 146 points lower

Honda Motor said on Tuesday that it would shut its sole British plant in 2021 and consider moving existing production to North America and other regions.

In a news conference, CEO Takahiro Hachigo said the decision was not related to Brexit but instead based on changes in the global market. The UK factory currently produces Civic Hatchbacks for global sales, Hachigo added.

The company will also stop making its Civic car model at its Turkey plant from 2021 but plans to continue its operations in the country.

The closure of the Swindon factory in southern England is expected to result in 3,500 job losses and marks a big symbolic blow to British manufacturing amid the tumult of Brexit. Several other automakers were also said to be reassessing their presence in the UK and Europe.

Honda Motor said on Tuesday that it would shut its sole British plant in 2021 and consider moving existing production to North America and other regions. In a news conference, CEO Takahiro Hachigo said the decision was not related to Brexit but instead based on changes in the global market.

Honda Motor said on Tuesday that it would shut its sole British plant in 2021 and consider moving existing production to North America and other regions. In a news conference, CEO Takahiro Hachigo said the decision was not related to Brexit but instead based on changes in the global market. The UK factory currently produces Civic Hatchbacks for global sales, Hachigo added. The company will also stop making its Civic car model at its Turkey plant from 2021 but plans to continue its operations in the country. The closure of the Swindon factory in southern England is expected to result in 3,500 job losses and marks a big symbolic blow to British manufacturing amid the tumult of Brexit. Several other automakers were also said to be reassessing their presence in the UK and Europe.

Honda to shut only British factory, mulls a move to North America

The BSE benchmark Sensex Monday fell over 150 points, led by weakness in auto, IT and financial stocks amid heavy selling by foreign institutional investors, as investors turned cautious ahead of RBI's board meet.

The 30-share index, after rising over 100 points, fell 158.94 points, or 0.44 per cent, to 35,650.01. Similarly, the 50-share NSE Nifty fell 44.45 points, or 0.41 per cent, to 10,679.95.

According to traders, investors were cautious ahead of RBI's board meeting.

Finance Minister Arun Jaitley is scheduled to address the customary post-budget meeting of the central board of the Reserve Bank later in the day, and highlight the key points of the interim Budget, including the fiscal consolidation roadmap.

The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal.

Yes Bank fell up to 5 per cent after the private bank, in a regulatory filing Friday, said it had received a letter from the Reserve Bank of India (RBI) which noted that the risk assessment report (RAR) was marked 'confidential'.

It was expected that no part of the report be divulged except for the information in the form and manner of disclosure prescribed by regulations, the RBI letter said, adding that the issuance of a press release has, therefore, been viewed seriously by the RBI and could entail further regulatory action/s.

Other losers on the Sensex pack include HCL Tech, HUL, Bajaj Auto, TCS, Reliance, Bajaj Finance, Asian Paints, M&amp;M and Bharti Airtel, falling up to 1.68 per cent.

While, NTPC, Vedanta, Tata Steel, ONGC, SBI, L&amp;T, PowerGrid, ITC and Sun Pharma were the top gainers, rising up to 2.24 per cent.

Meanwhile, on a net basis, foreign institutional investors sold shares worth a net of Rs 966.43 crore on Friday, while domestic institutional investors were net buyers to the tune of Rs 853.25 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng rallied 1.67 per cent, Shanghai Composite Index was up 1.79 per cent higher, Kospi gained 0.73 per cent, and Japan's Nikkei soared 1.78 per cent in early trade.

On Wall Street, Dow Jones Industrial Average ended 1.33 per cent higher on Friday.

The rupee, meanwhile, was trading depreciated 13 paise against US dollar to 71.36.

The benchmark Brent crude futures slipped 0.09 per cent to US $66.19 per barrel.

The BSE benchmark Sensex Monday fell over 150 points, led by weakness in auto, IT and financial stocks amid heavy selling by foreign institutional investors, as investors turned cautious ahead of RBI's board meet.

The BSE benchmark Sensex Monday fell over 150 points, led by weakness in auto, IT and financial stocks amid heavy selling by foreign institutional investors, as investors turned cautious ahead of RBI's board meet. The 30-share index, after rising over 100 points, fell 158.94 points, or 0.44 per cent, to 35,650.01. Similarly, the 50-share NSE Nifty fell 44.45 points, or 0.41 per cent, to 10,679.95. According to traders, investors were cautious ahead of RBI's board meeting. Finance Minister Arun Jaitley is scheduled to address the customary post-budget meeting of the central board of the Reserve Bank later in the day, and highlight the key points of the interim Budget, including the fiscal consolidation roadmap. The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal. Yes Bank fell up to 5 per cent after the private bank, in a regulatory filing Friday, said it had received a letter from the Reserve Bank of India (RBI) which noted that the risk assessment report (RAR) was marked 'confidential'. It was expected that no part of the report be divulged except for the information in the form and manner of disclosure prescribed by regulations, the RBI letter said, adding that the issuance of a press release has, therefore, been viewed seriously by the RBI and could entail further regulatory action/s. Other losers on the Sensex pack include HCL Tech, HUL, Bajaj Auto, TCS, Reliance, Bajaj Finance, Asian Paints, M&M and Bharti Airtel, falling up to 1.68 per cent. While, NTPC, Vedanta, Tata Steel, ONGC, SBI, L&T, PowerGrid, ITC and Sun Pharma were the top gainers, rising up to 2.24 per cent. Meanwhile, on a net basis, foreign institutional investors sold shares worth a net of Rs 966.43 crore on Friday, while domestic institutional investors were net buyers to the tune of Rs 853.25 crore, provisional data available with BSE showed. Elsewhere in Asia, Hong Kong's Hang Seng rallied 1.67 per cent, Shanghai Composite Index was up 1.79 per cent higher, Kospi gained 0.73 per cent, and Japan's Nikkei soared 1.78 per cent in early trade. On Wall Street, Dow Jones Industrial Average ended 1.33 per cent higher on Friday. The rupee, meanwhile, was trading depreciated 13 paise against US dollar to 71.36. The benchmark Brent crude futures slipped 0.09 per cent to US $66.19 per barrel.

Sensex drops over 150 points ahead of RBI board meet

The rupee weakened by 15 paise to trade at 71.38 against the US dollar in early trade Monday amid heavy foreign fund outflows and subdued domestic equity markets.

At the forex market, the domestic unit opened weak at 71.35 and slipped further to 71.46. However, it pared some losses to trade at 71.38.

The rupee had closed 7 paise lower against the greenback Friday at 71.23. On a weekly basis, it had registered a loss of 8 paise.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 966.43 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 853.25 crore Friday, provisional data showed.

Brent crude futures, the global oil benchmark, was trading 0.11 per cent lower at US $66.19 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, dipped 0.17 per cent to 96.74.

Meanwhile, the benchmark BSE Sensex fell 111.30 points, or 0.31 per cent, to 35,690.58 in early trade. 
&nbsp;

The rupee weakened by 15 paise to trade at 71.38 against the US dollar in early trade Monday amid heavy foreign fund outflows and subdued domestic equity markets.

The rupee weakened by 15 paise to trade at 71.38 against the US dollar in early trade Monday amid heavy foreign fund outflows and subdued domestic equity markets. At the forex market, the domestic unit opened weak at 71.35 and slipped further to 71.46. However, it pared some losses to trade at 71.38. The rupee had closed 7 paise lower against the greenback Friday at 71.23. On a weekly basis, it had registered a loss of 8 paise. Foreign portfolio investors (FPIs) sold shares worth a net Rs 966.43 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 853.25 crore Friday, provisional data showed. Brent crude futures, the global oil benchmark, was trading 0.11 per cent lower at US $66.19 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, dipped 0.17 per cent to 96.74. Meanwhile, the benchmark BSE Sensex fell 111.30 points, or 0.31 per cent, to 35,690.58 in early trade.

Rupee slides 15 paise vs US $ in early trade

The Reserve Bank will pay an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check.

The announcement on Monday came after the bank's Central Board meeting, which was addressed by Finance Minister Arun Jaitley. 
This is the second successive year when the Reserve Bank of India (RBI) will be transferring an interim surplus.

This is in addition to Rs 50,000 crore surplus transfer announced by RBI in August 2018 for 2017-18 (RBI follows July-June financial year). Of this, Rs 10,000 crore was given as interim dividend to the government on March 27, 2018.

"Based on a limited audit review and after applying the extant economic capital framework, the Board decided to transfer an interim surplus of Rs 280 billion to the central government for the half-year ended December 31, 2018," the central bank said in a statement.

RBI had given Rs 30,663 crore as dividend to the government in 2017-18.

In his address to the Board, Jaitley outlined various reforms and policy measures taken by the government over the last four years and the effects thereof.

The central bank transfers its surplus amount to the government, under Section 47 of the RBI Act, 1934.

Section 47 of the Act says:"After making provision for bad and doubtful debts, depreciation in assets, contribution to staff and superannuation fund and for all matters for which provision is to be made by or under the Act or which are usually provided by bankers, the balance of the profits shall be paid to the central government.

As per the Budget document, the government expects Rs 82,911.56 crore as dividend/ surplus of RBI, nationalised banks and financial institutions during 2019-20.

The statement further said the Central Board, chaired by RBI Governor Shaktikanta Das, also observed two minutes silence as a mark of respect for the security personnel killed in the terror attack at Pulwama, Jammu and Kashmir.

Fiscal deficit for 2018-19 is expected to be slightly higher at 3.4 per cent of the GDP on account of Rs 20,000 crore budgeted for income support to farmers.

For 2019-20 too, the government has retained the fiscal deficit at 3.4 per cent.

The Reserve Bank will pay an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check. The announcement on Monday came after the bank's Central Board meeting, which was addressed by Finance Minister Arun Jaitley.

The Reserve Bank will pay an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check. The announcement on Monday came after the bank's Central Board meeting, which was addressed by Finance Minister Arun Jaitley. This is the second successive year when the Reserve Bank of India (RBI) will be transferring an interim surplus. This is in addition to Rs 50,000 crore surplus transfer announced by RBI in August 2018 for 2017-18 (RBI follows July-June financial year). Of this, Rs 10,000 crore was given as interim dividend to the government on March 27, 2018. "Based on a limited audit review and after applying the extant economic capital framework, the Board decided to transfer an interim surplus of Rs 280 billion to the central government for the half-year ended December 31, 2018," the central bank said in a statement. RBI had given Rs 30,663 crore as dividend to the government in 2017-18. In his address to the Board, Jaitley outlined various reforms and policy measures taken by the government over the last four years and the effects thereof. The central bank transfers its surplus amount to the government, under Section 47 of the RBI Act, 1934. Section 47 of the Act says:"After making provision for bad and doubtful debts, depreciation in assets, contribution to staff and superannuation fund and for all matters for which provision is to be made by or under the Act or which are usually provided by bankers, the balance of the profits shall be paid to the central government. As per the Budget document, the government expects Rs 82,911.56 crore as dividend/ surplus of RBI, nationalised banks and financial institutions during 2019-20. The statement further said the Central Board, chaired by RBI Governor Shaktikanta Das, also observed two minutes silence as a mark of respect for the security personnel killed in the terror attack at Pulwama, Jammu and Kashmir. Fiscal deficit for 2018-19 is expected to be slightly higher at 3.4 per cent of the GDP on account of Rs 20,000 crore budgeted for income support to farmers. For 2019-20 too, the government has retained the fiscal deficit at 3.4 per cent.

Reserve Bank of India board approves Rs 28,000 crore interim dividend to government 