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India ups import tax on petcoke in blow to U.S. refiners

13h reuters
NEW DELHI, Dec 15 (Reuters) - India has raised the effective import duty on petroleum coke to 10 percent from 2.5 percent, according to a government order, days after the government told a court it was in favour of curbing the use of the dirty-burning fuel. (6-0)

Gujarat exit polls boost sentiment but Sensex ends off day’s high ahead of results

15h moneycontrol
The market continued its rally for second consecutive session Friday but ended off day's high as investors await final outcome of Gujarat and Himachal Pradesh assembly elections due on Monday. (41-0)

Metro ups the ante to battle Walmart in cash-and-carry retail biz

2017-12-14 thehindubusinessline
In the two years he has spent at the helm of Metro Cash and Carry, India’s largest operator in the organised wholesale space, Arvind Mediratta, MD and CEO, has taken the fight for growth to his former employer Walmart’s strongholds in the northern and western markets. (4-0)

Sensex gains 194 pts as all eyes on Gujarat exit polls; all sectoral indices up

2017-12-14 moneycontrol
Equity benchmarks rebounded sharply in last hour of trade Thursday despite weak global cues, as investors awaited exit polls after the end of second phase of Gujarat assembly elections later today. This will give some indication towards actual results of state elections which will be declared on December 18. (23-0)

Market Update: Nifty Pharma outperforms with DRL top Nifty gainer; TCS falls 3%, SBI most active

2017-12-14 moneycontrol
The Indian benchmark indices on Thursday afternoon were trading on a negative note with the Nifty down 9 points or 0.09 percent while the Sensex shedding 46 points and was trading at 33012. (12-0)

Market Update: TCS, UPL fall 2%, Glenmark Pharma hits 52-week low; Tata Comm, RIL most active

2017-12-14 moneycontrol
The Indian benchmark indices on Thursday afternoon were trading on a negative note with the Nifty up 19 points or 0.19 percent while the Sensex shedding 80 points and was trading at 32972. (9-0)

India ETFs in Focus as Inflation Rises

2017-12-14 zacks
Consumer prices in India increased to a 15-month high in November, owing to a surge in food and oil prices. On a year-over-year basis, retail inflation increased to 4.88% in November compared with 3.58% in October, breaching India’s central bank’s 4% target. Moreover, a Bloomberg survey of economists expected inflation to register a 4.29% increase. (5-0)

Market Update: Tech Mahindra, Dr Reddy#39;s top gainers, Tata Comm up 4%; TCS, Maruti most active

2017-12-14 moneycontrol
The Indian benchmark indices on Thursday morning were trading on a positive note with the Nifty up 12 points or 0.12 percent while the Sensex added 31 points and was trading at 33083. (9-0)

TCG in talks to buy out Vornado Realty’s stake in India realty venture

2017-12-13 livemint
Mumbai: The Chatterjee Group (TCG), promoted by non-resident investor Purnendu Chatterjee, is in talks to buy out Vornado Realty Trust, the strategic partner in its Indian real estate business, said two people aware of the development. (6-0)

Closing Bell: Sensex ends 174 pts lower, Nifty ends below 10,200; Kotak Bank up 1%

2017-12-13 moneycontrol
3:30 pm Market at Close: Selling pressure intensified on the D-Street in the final hour of trade, as the Sensex closed over 140 points lower, while the Nifty shed 0.37 percent, but ended above 10,200. (27-0)

Supreme Court allows cement industry to use petroleum coke

2017-12-13 in.reuters
NEW DELHI (Reuters) - The Supreme Court on Wednesday allowed the cement industry to use petroleum coke, a dirtier alternative to coal which had temporarily been banned as pollution levels shot up in Delhi last month. (6-0)

News Live: Supreme Court allows use of petcoke by cement industry

2017-12-13 moneycontrol
The Supreme Court on Wednesday allowed the cement industry to use petcoke as a feedstock, which had been banned last month to clean up the air in Delhi and its neighbouring states, reports Reuters. Justice Madan Bhimrao Lokur, while issuing the exemption order for cement units, asked the government to frame guidelines for the use of petcoke. (14-0)

Market Live: Sensex gains around 150 pts, Nifty eyes 10,300; Kotak Bank, HUL gain

2017-12-13 moneycontrol
12:50 pm Buzzing Stock: HSBC has raised target price of DLF to Rs 217 (from Rs 185 per share) while maintaining a hold rating on the stock due to weak real estate market environment. (25-0)

News Live: NHAI to speed up highway projects, to bid out 3,500 km work by Dec

2017-12-13 moneycontrol
The National Highways Authority of India (NHAI) is making all-out efforts to speed up award and construction of highways and would bid out projects for 3,500 km by December, reports PTI. "NHAI has invited bids for projects of 4,900 km till November, 2017, while bids for another 3,500 km are likely to be invited by December end, taking the total to 8,400 km," the Ministry of Road Transport and Highways said in a statement. (14-0)

News Live: I-T Dept conducts surveys at Bitcoin exchanges country-wide

2017-12-13 moneycontrol
The Income Tax Department conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, official sources told PTI. They said various teams of the sleuths of the department, under the command of the Bengaluru investigation wing, today visited the premises of nine such exchanges in the country including in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram, since early morning. (14-0)