While finance minister Arun Jaitley was bold enough to announce that the government may look at a strategic stake sale in national carrier Air India, the question is who is going to buy the debt-laden airline.
9:59 am ITC at new high: Nomura maintained its buy rating on ITC but raised its 12-month target price to Rs 356 from Rs 299 earlier which translates into an upside of 15 percent from current levels.
Mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.
The proposal to reduce employees and as well as employers' contribution to Employees' Provident Fund (EPF) from 12% to 10% was defeated unanimously in the meeting of central board of trustees here on Saturday.
The Indian market reached fresh record highs on Friday as S&P BSE Sensex hit mount 31k while the Nifty50 climbed 9,600 peak with ease. The S&P BSE Sensex is up more than 16 percent so far in the year 2017 while Nifty50 rallied a little over 17 percent in the same period.
The Indian benchmark indices hit new all-time highs in trade today. The Sensex rose over 300 points to hit record high of 31,074 and Nifty advanced over 90 points to move above 9,600.
9:45 am Buzzing Stock: Videocon Industries continued to nosedive for the third consecutive session as investors continued to dump the stock. The scrip hit its lower circuit again in the opening minutes.
In five years, you could be buying petrol at less than Rs 30 a litre. Emerging technology is going to reduce the world's dependence on petrol so much that prices will plummet.
The S&P BSE Sensex hits its record high in late afternoon deals as traders seemed to have been covering their short positions before expiry of the May series of derivative contracts due later today.
10:05 am Market Check: Benchmark indices extended their gains from the opening session, with the Nifty reclaiming 9400-mark, while the Sensex gained nearly half a percent.
The income tax department identified more than 400 benami transactions up to May 23 and immovable properties were attached in 40 cases valued at over Rs 530 crore as the authorities stepped up their fight against black money.