Nitish Kumar quits as Bihar CM, leaves Grand Alliance in limbo

Submitted by webmaster on Wed, 07/26/2017 - 09:18

NEW DELHI: In a big political development, taking a high moral ground on irreconcilable differences with ally RJD on the issue of corruption, Nitish Kumar today resigned from the Chief Minister post.Nitish Kumar met Governor Kesari Nath Tripathi at Raj Bhawan to submit his resignation amidst a standoff with ally Lalu Prasad-led RJD. "Under the current situation it's not possible for me to continue with the government. I tried to find a solution. I had requested Lalu Yadav and Tejashwi to clear all the facts regarding the corruption charges.

After Hours: Yes Bank spikes on NPA surprise; metals shine

Submitted by webmaster on Wed, 07/26/2017 - 08:45

NEW DELHI: Another day, another record! D-Street bulls seem to be in full form as domestic benchmark equities scaled fresh record high on Wednesday with the broader Nifty50 settling above the historic five-digit mark for the first time ever. Riding high on positive cues, the S&P BSE Sensex on Wednesday gained 154 points to end the session at 32,382 with Tata Steel (up 2 per cent) being the top gainer and Axis Bank (down 3 per cent) the worst laggard. The NSE's Nifty closed 56 points higher at 10,020.65 with 30 components in the green and rest in the red.

Nifty breaching 10,000 opens doors for much higher levels

Submitted by webmaster on Wed, 07/26/2017 - 08:27

NEW DELHI: After a long wait, Nifty50 hit the 10,000 mark on a closing basis on Wednesday. This came a day ahead of the expiry of July futures and options contracts. The index witnessed a breakout above its three-month old ascending channel on the daily chart. It made a higher low for the third session in a row. Analysts said the breach of the level on a closing basis has opened up doors for much higher levels, even as traders remain reluctant bulls.

Mondelez India, Amazon tie up to sell chocolates online

Submitted by webmaster on Wed, 07/26/2017 - 09:27

NEW DELHI: Mondelez India and Amazon today announced a partnership to sell chocolates and sweets through the online marketplace in the country. Mondelez India will sell products such as Cadbury Dairy Milk, Cadbury Dairy Milk Silk, Cadbury Bournville via a virtual chocolate and sweet store on Amazon's platform. Consumers can purchase not only conventional gift packs but exclusive ecommerce packs as per relevant occasions, as part of Mondelez India's 'Joy Deliveries' offering, the companies said in a joint statement.

IRCTC to take over catering services in all trains by year-end

Submitted by webmaster on Wed, 07/26/2017 - 09:54

NEW DELHI: Catering services in all trains with pantry cars will be handed over to IRCTC by the year-end in order to improve onboard food quality, according to Railways. Besides passengers in seven Rajdhani and six Shatabdi trains will have an option for e-catering facility. IRCTC will be given responsibility of managing catering services in all trains with pantry cars be December end, Railway Board Member (Traffic) Mohd Jamshed said here today. Till now, the zonal railways were managing catering services in majority trains as per the catering policy 2010.

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