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August 22, Tuesday 2017 11:01 AM       
       HEADLINES: Yesudas, wife reach Sabarimala for Ayyappa's darshan                                              Lal junior, Sreenath Bhasi quizzed                                              Vinayakan's death: No anticipatory bail for cops                                              Man hangs self after setting wife on fire                                              Special trains cancelled                                              Indian economy grew fastest under Modi govt: Amit Shah                                              Malegaon blast: SC grants bail to Lt Col Purohit                                              Former DIG submits evidence to ACB showing Sasikala entering jail in civilian attire                                              Rohingya Muslims begs not to drive them away, say they’ll leave ‘one day’                                              PM Modi assures Centre's support to EPS, OPS-led TN Govt                                              US destroyer collides with merchant vessel, 10 sailors missing, five injured                                              India Day Parade held in New York                                              India will surely win 2019 World Cup: Axar Patel                                              Pro Kabaddi League: Jaipur Pink Panthers edge past UP Yoddha                                              Dimitrov, Muguruza lift maiden Cincinnati Masters title                                              Kaumudi Facebook
         PSU bank strike on Tuesday may affect services    
New Delhi: Normal banking operations in public banks may see some disruption tomorrow because of a nation-wide strike to protest against the government's proposed consolidation move besides raising other demands. The strike has been called by unions under the aegis of the United Forum of Bank Unions (UFBU).

         Markets extend losses, Infosys pulls down Sensex    
MUMBAI: The benchmark Sensex gave up early gains to end 266 points lower today while the Nifty cracked below the 9,800 mark, pulled down by heavyweight Infosys and other blue-chips amid a lower opening in Europe.

         BOI considering reduction in SB rate    
COIMBATORE: Bank of India has said it is considering reducing the Savings Bank account rate on the lines of State Bank of India and also the interest rate on deposits.

         Sensex slips into red, down 29 pts in late morning deals    
MUMBAI: The benchmark Sensex turned choppy in late morning deals to trade marginally lower by 29.48 points at 31,495.20 and the broader Nifty was trading below the key 9,850 level.

         Banks stare at union strike on Tuesday, services may be hit    
NEW DELHI: Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government's proposed consolidation move besides raising a host of other demands.

         NABARD sanctions Rs 1,350-cr loan to Rajasthan govt    
JAIPUR: The National Bank of Agriculture and Rural Development (NABARD) has sanctioned a loan assistance of Rs. 1,349.55 crore to the Rajasthan government for creation of rural infrastructure in the state under the Rural Infrastructure Development Fund (RIDF).

         Murthy's shadow to loom large over search for Infy CEO    
NEW DELHI: Infosys' search for a new CEO may not be an easy one as the pressure of being under the constant scrutiny of the firm's high-profile founders could see many candidates shying away, said industry leaders and experts.

         Post note ban, separatists, Reds feel "fund-starved": Jaitley    
MUMBAI: Union Finance Minister Arun Jaitley Sunday said demonetisation left Maoists in many parts of India and separatists in Jammu and Kashmir "fund starved."

         US law firms initiate investigation against Infosys    
NEW DELHI: Four US law firms have said they are investigating potential claims on behalf of Infosys investors on whether the Indian company and some of its officials and directors have violated federal securities laws.

         Infosys board approves up to Rs. 13,000 cr buyback offer    
NEW DELHI: The Infosys board today approved the share buyback plan of up to Rs. 13,000 crore to reward shareholders, a move that comes a day after CEO Vishal Sikka resigned citing slander by company founders.

         RBI to issue new fluorescent blue Rs 50 notes    
Mumbai: The Reserve Bank will soon introduce new fluorescent blue Rs 50 banknotes bearing the motif of 'Hampi with Chariot' that depicts India's cultural heritage. RBI said it will shortly issue these Rs 50 denomination banknotes in the Mahatma Gandhi (new) series.

         PM to launch Rs 15k-cr road projects in Rajasthan    
New Delhi: Prime Minister Narendra Modi will inaugurate and lay foundation stone for Rs 15,000-crore National Highway projects in Rajasthan on August 29.

         Sikka quits Infosys after Murthy campaign    
NEW DELHI: Vishal Sikka, the first non- founder CEO of Infosys Ltd, has abruptly resigned due to the "continuous assault" and "campaign" by founder and ex-chairman NR Narayana Murthy, the USD 10 billion firm said Friday.

         Nifty snaps 3-day winning spree, down 67 pts    
MUMBAI: The NSE 50-share Nifty snapped its three-day winning streak by tumbling 67 points to end at 9,837.40 following a sharp fall in Infosys shares as also sluggish global markets.

         Maruti rolls out sporty 'Ciaz S' at Rs 9.39 lakh    
New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) today launched a sporty version of its mid-sized sedan Ciaz with petrol variant tagged at Rs 9.39 lakh (ex-showroom Delhi).

         RBI still has room to slash rate in current fiscal: Kidwai    
New Delhi: The Reserve Bank still has room to cut the key policy rate in the current fiscal, veteran banker Naina Lal Kidwai has said, while stressing that banks should pass on the benefits of lower rates to customers. RBI reduced the repo rate by 0.25 per cent to 6 per cent earlier this month, citing reduction in inflation risk. The rate cut was the first in 10 months and brought policy rates to near 7-year low.

         Our full sympathy with agitating Noida home buyers: FM    
New Delhi: Finance Minister Arun Jaitley today said the government has full sympathy with the agitating Noida homebuyers and they can seek relief under the insolvency law.

         Videocon names Rajesh Rathi as business head    
New Delhi : Consumer electronics firm Videocon has appointed Rajesh Rathi as business head. Rathi, who has been associated with Videocon for over eight years, was earlier national head for the group's consumer durable sales across India, the company said in a statement today.

         Sensex surges 235 pts as geo-political tensions ease    
MUMBAI: Stocks on Monday rose for the first time in six days, with the benchmark Sensex rebounding over 235 points to end at 31,449 as investors took comfort from the fact that tensions between the US and North Korea showed some signs of easing.

         Sensex jumps 191 points, ignores weak IIP data    
MUMBAI: The BSE Sensex recovered about 191 points in opening trade on Monday, breaking its five-session losing streak, on value-buying by investors despite industrial production entered the negative territory in June.

         Trai website to soon display telcos' tariff plans: Sharma    
NEW DELHI: Telecom subscribers will be able to soon check tariff plans of different operators on the regulator's website, improving transparency over rates, Trai Chairman RS Sharma has said.

         NPA resolution to spur credit expansion, growth: Panagariya    
NEW DELHI: Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.

         Sensex, Nifty snap 5-week winning streak on profit-booking    
MUMBAI: Stocks: Both the S&P BSE benchmark Sensex and NSE 50-share Nifty snapped their 5-week winning streak by tumbling 1,112 points and 356 points respectively due to profit-booking from investors in view of global tension amidst foreign capital outflows.

         200 Indian business reps see great investment opportunities in Kazakhstan    
NEW DELHI: A seminar organized recently by the Embassy of Kazakhstan saw captains of Indian industry evincing interest in the investment opportunities available to them in Kazakhstan.

         FICCI for substantial slash in policy rates by RBI    
NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) urged for the need to enable a further cut down of policy rates by the Reserve Bank of India (RBI), to spur demand and help ease the pressure on corporate balance sheets.

         Kochi Shipyard makes strong market debut after $225 million IPO    
KOCHI: Kochi Shipyard settled at Rs. 522 on BSE, a premium of 20.83% over initial public offer price of Rs. 432 per share on its debut Friday, 11 August 2017.

         Gold tops Rs 30,000-mark, spurred by safe haven appeal    
New Delhi, PTI: Gold made good use of growing safe haven demand as prices reclaimed the Rs 30,000-mark by gaining Rs 130 to trade at an over three-month high today, with local buying providing crucial support.

         Govt has not written off single rupee of corporate loans: FM    
NEW DELHI: Union Minister Arun Jaitley Friday asserted that not even a single rupee of loans taken by the corporates has been written off by the government and asked the Opposition to first get the facts before talking about it.

         Sensex losses mount on global sell-off, dives 336 pts    
MUMBAI: The BSE Sensex slumped over 336 points and the NSE Nifty slipped below the 9,800-mark in early trade Friday following global sell-off triggered by mounting geo-political tensions between the US and North Korea.

         Def Min wants non-lapsable capital fund; writes to finance min    
New Delhi: In a significant move, the defence ministry has sought setting up of a non-lapsable capital fund so that the unspent money does not go back at the end of any fiscal.

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