Sensex Tanks Over 1,200 Points in 3rd Biggest Crash in History:
The Sensex crashed 1,210 points to 26,155 at its day’s low, while the 50-share Nifty slipped below the crucial 8,000 levels for the first time in two months. All 50 shares in the Nifty traded in the red, while on the broader BSE 500 index, just five stocks traded higher. The rupee has... read more »
Monnet Ispat & Energy rebounds from 3-month lows on plans to take meas...
Monnet Ispat & Energy, a steel maker, rebounded from 3-month lows on news that the company may sell off stakes in units in a bid to cut down on debt payments. Monnet said it was in talks with larger rival Bhushan Steel to exit its 35 percent stake in Orissa Sponge Iron & Steel Ltd., which... read more »
Volkswagen India shipments to Mexico cross 1-lakh units
Carmaker Volkswagen India on Wednesday said it has crossed a milestone of exporting one lakh cars to Mexico in less than two years of starting shipments. Volkswagen India shipped its 1,00,000th car built for Mexico today, the company said in a statement. “The production facility of Volkswagen... read more »
Infosys up 1.5%, Aikido to help achieve $20bn revenue
Shares of Infosys gained 1.5 percent intraday Friday in an otherwise weak market. Sharp fall in rupee and launch of three new service offerings on Thursday drove the stock higher. The country’s largest software services exporter launched Aikido, three next-generation services in design... read more »
