Italian great Valentino Rossi has not ruled out a return to MotoGP in Spain this weekend, three weeks after breaking his right leg, after getting back on a bike for some test laps on Monday.
NSE Nifty finished higher by 46.05 points, or 0.39 per cent, at 11,707.90. Asian Paints was the top gainer in the Sensex pack, rallying 6.32 per cent, followed by Nestle India, HUL, Bajaj Auto, IndusInd Bank, Tata Steel, Maruti and PowerGrid.
In the Sensex pack, Sun Pharma was the biggest gainer, rallying 4.48 per cent, followed by Bajaj Auto, Tata Motors, Coal India, Hero MotoCorp, Maruti and HCL Tech, rising up to 3.01 per cent. While, RIL, PowerGrid, HDFC, L&T, IndusInd Bank, NTPC and Bajaj Finance declined up to 1.50 per cent.
A day after the RBI put in public domain a draft scheme of merger of Lakshmi Vilas Bank (LVB) with subsidiary of Singapore-based DBS, public sector banks' officer union AIBOC on Wednesday said the amalgamation is not in the national interest and demanded the consolidation with any PSB. The proposed amalgamation of the cash-strapped LVB with DBS Bank India seems to be a ploy to provide entry of foreign banks into the country in a big way, All India Bank Officers' Confederation (AIBOC) president Sunil Kumar said. The Indian banking sector provides huge opportunity for growth, so the foreign banks have been looking at inorganic route to expand their presence for long, he said.
According to traders, Chief Economic Adviser Subramanian's comments practically ruling out a stimulus package for the economy weighed on investor sentiment.
Top gainers in the Sensex pack included Sun Pharma, TechM, Axis Bank, L&T, Reliance Industries and ICICI Bank, which rose up to 2.66 per cent.
Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero MotoCorp, single-handedly rewrote the rules of the motorcycle business
Australian Casey Stoner ran away with the Dutch GP on Saturday to go level with Yamaha's Jorge Lorenzo at the top of the MotoGP championship after the Spaniard was taken out at the first corner.
Dealers attribute the sluggishness in sales to distress in rural India as well as tepid sentiment in urban markets.
Italy's Mugello circuit will make its debut on the Formula One calendar in September to host Ferrari's 1,000th grand prix, the sport announced on Friday, with Russia's race in Sochi also confirmed. The September 13 race, to be called the Grand Prix of Tuscany Ferrari 1,000, will follow on from the September 6 Italian Grand Prix at Monza as the ninth round of a season that has been heavily revised due to the COVID-19 pandemic.
'Zero Day' visitors like Maruti Suzuki, TVS, Tata Motors, Hero MotoCorp, Ashok Leyland and Bajaj Electricals are visiting fewer campuses.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
Tata Motors, Hero MotoCorp, Ashok Leyland, M&M are up 3-6% on BSE.
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
The chief cleric of the radical Lal Masjid in Islamabad has asked Pakistan's Supreme Court to invoke its suo moto powers and order parliament to enforce Shariah or Islamic law across the country.
Tata Steel and Axis Bank were among the top gainers in the Sensex pack, surging up to 6.67 per cent following their March quarter results.
Rediff.com's Rajesh Karkera and Hitesh Harisinghani bring you all the exclusive action from Greater Noida.
'The fundamentals look strong, but we will have to see if they translate into actual demand.' 'Because the April-May marriage season didn't see much sales due to the lockdown.'
The BJP demanded an apology from Gehlot.
Following the footsteps of Motorola, Chinese handset maker Xiaomi is also teaming up with e-Commerce major Flipkart to launch its handsets in India.
An eight-day-old baby girl lies abandoned in a hospital as two couples stake their claim over a boy born on the same night, prompting the Rajasthan high court and the State Commission for Women to take suo moto cognisance of the issue.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
Sluggish corporate earnings, lacklustre global markets, FPI and slowdown concerns have played spoilsport for the markets.
Uber CEO Dara Khosrowshahi says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand.
According to trade experts Hero MotoCorp's Maestro is going to give a tough competition to Honda Activa.
Italian great Valentino Rossi was knocked unconscious in a MotoGP crash in Spain on Sunday and was taken to hospital for precautionary checks that ruled out serious injury.
The Chinese phone maker has ensured its two brands - Lenovo and Motorola - do not cannibalise into each other's share.
In the Sensex pack, gainers included HCL Tech, SBI, ITC, Bharti Airtel, Sun Pharma, Yes Bank, Axis Bank, TCS, Asian Paints, ICICI Bank, TCS, Bajaj Finance and Infosys, jumping up to 3.84 per cent.
The broader NSE Nifty sank 252.55 points, or 2.14 per cent, to 11,558.60.
A case has been registered for offences under the Indian Penal Code including creating enmity between different groups of people against the woman, identified as Arudra, they said.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
They've been the lifeline of middle class Indians as well as rich boys' toys. Mansi Malhotra of BikeDekho.com lists out some of the finest bikes on the Indian roads today.
Honda has all of a sudden stepped up the game by announcing seven new products at the 2012 Auto Expo. One of these products -- Honda Dream Yuga Commuter Bike -- will get Honda the volumes in the Indian market and will help them challenge Hero MotoCorp.
Top gainers in the Sensex pack included ONGC, HDFC, Bharti Airtel, Infosys, Maruti, HCL Tech, Mahindra and Mahindra, HUL, TechM and SBI -- rising up to 2.89 per cent.
Pakistan's Supreme Court Chief Justice Iftikhar Chaudhry on Monday took suo moto notice of the political and ethnic violence in Karachi and asked TV news channels to provide footage of incidents in the country's financial hub.
Now standing on one foot, Hero MotoCorp has to decide if it wants to play offence or defence.
Auto firms are likely to perform better in coming months.
Top gainers in the Sensex pack included Tata Steel, Kotak Bank, NTPC, HDFC twins, PowerGrid and ONGC, rising up to 4.60 per cent.
Summary of sports events and persons who made news on Tuesday
Young Indian golfer Aditi Ashok notched up her second successive top-10 finish by finishing tied-sixth at the Volunteers of America LPGA Texas Classic, in Texas.
