Sensex Jumps Over 100 Points; Energy, Pharma Stocks Gain

Indian shares opened higher on Thursday tracking Asian shares, which advanced as oil prices climbed off a 10-month low hit overnight on concerns over a supply glut and falling demand. The BSE Sensex jumped over 130 points to 31,417 while the Nifty50 index gained nearly 35 points to 9,669. Buying was visible across the sectors although energy and auto stocks gained the most.

Reliance Industries was the top gainer in Nifty up 1.2 per cent. Including today’s gains, the stock has rallied over 10 per cent in last one month. Tata Motors DVR, Ambuja Cements, Yes Bank, Aurobindo Pharma were the other major gainers in the Nifty rising between 1-1.2 per cent.

Meanwhile, Gail India was the top loser in Nifty, down 1.29 per cent followed by Hindustan Unilever, Lupin, Tata Power, Wipro and ONGC.

Sensex Jumps Over 100 Points; Energy, Pharma Stocks Gain

Buying was also visible in mid and small cap shares. The BSE Mid Cap index gained 0.49 per cent while BSE Small Cap index advanced 0.63 per cent.

Elsewhere, other Asian shares advanced on Thursday. Japan’s Nikkei was up 0.13 per cent, Shanghai Composite added 0.76 per cent while Shanghai Composite advanced 0.76 per cent as of 9.35 am.

Overnight, Dow Jones Industrial Average closed down 0.3 per cent tracking continued selloff in crude oil prices, the S&P 500 was slightly lower and Nasdaq closed up 0.7 per cent, lifted by biotech stocks.

 

Sensex Surges Over 200 Points To Record High, Nifty Near 9,700; Infosys Leads Gains

Indian shares extended gains in noon trade with the BSE Sensex rising nearly 240 point to a fresh all-time high of 31,522 and Nifty gaining nearly 60 points to 9,698. Gains in the market were led by banking and financial services and IT shares. Nifty Bank, NSE’s sub-index for banking shares nearly 0.8 per cent to a record high of 23,897.85 led by gains in Yes Bank, Axis Bank, HDFC Bank, PNB and SBI. Nifty IT, the IT sub-index of NSE rose as much as 0.82 per cent.

Sensex crossed the 31,500 mark for the first time on Thrusday (June 22).

Infosys was the top gainer in Nifty, up 2.5 per cent, followed by Yes Bank, Aurobindo Pharma, Sun Pharma and HDFC, which rose between 1.5-2.1 per cent.

As of 11:35 am, Sensex was up 233.54 points or 0.74 per cent at 31,517.18 and the NSE benchmark Nifty traded 61.70 points higher at 9,695.30.

 

Sensex Ends Flat After Hitting Record High; Metal, Energy Stocks Drag

Indian equity indices ended flat on Thursday as traders booked profit in recent gainers after the benchmark Sensex hit a record high during the day. A lower opening in European indices also impacted sentiment. Sensex closed 7.1 points higher at 31,290.74, while Nifty settled 3.60 points lower at 9,630. Except pharma and banking stocks selling was visible in most of the sectors. Metal and energy stocks were the worst hit in today’s trade with their respective sectoral indices falling 1.38 and 0.72 per cent respectively.

Earlier in the day Sensex surged over 230 points to hit a record high of 31,522.87 led by banking stocks, which gained on steps taken by capital markets regulator Sebi.

The Securities and Exchange Board of India (SEBI) proposed on Wednesday to ease some rules for foreign portfolio investors to steer more funds. It also relaxed open offer rules for investors buying distressed companies from banks to tackle mounting debt.

Sensex Ends Flat After Hitting Record High; Metal, Energy Stocks Drag

The Nifty Bank, banking sub-index of NSE, rose as much as 0.8 per cent to a record high of 23,897.85 during the day before settling 0.11 per cent higher.

Other than banking, pharma stocks also witnessed buying in today’s session. The pharma sub-index of NSE gained 0.15 per cent.

Among Nifty stocks, Sun Pharma was the top gainer, up 1.9 per cent followed by Aurobindo Pharma, HDFC, Ambuja Cements and Yes Bank, which rose between 1.2-1.6 per cent.

Meanwhile, IOC fell 3.68 per cent to be the top loser in Nifty. Lupin, Hindustan Unilever, Hindalco Industries, ONGC and Gail India were the other prominent losers in the market down between 2-2.8 per cent.

 

Indian IT Export To Grow 7-8% In Current Fiscal, Says Nasscom

Hyderabad: Indian IT export is projected to grow by 7-8 per cent in 2017-18, industry body Nasscom said in its guidance today.

The domestic market is expected to grow 10-11 per cent, it said.

The IT-BPM industry is expected to add 1.3-1.5 lakh new jobs during 2017-18, Nasscom president R Chandrashekhar told reporters here. In the previous fiscal, the industry’s net hiring stood at 1.7 lakh.

Keeping in view the political and economic uncertainties in key overseas markets that impacted decision-making and discretionary spend, and also the performance of IT companies last year, Nasscom expects the future outlook to be positive, he said.

The domestic IT market is expected to grow 10-11 per cent in FY17, says Nasscom.

“India’s share in the global IT sector is not only steady, but also growing,” Chandrashekhar said.

The size of the Indian IT industry is pegged at $154 billion, including $11 billion incremental revenues added in the previous fiscal, according to Nasscom.

 

Andy Murray stunned by Jordan Thompson as seeds fall at Queen’s Club

Andy Murray suffered one of the most embarrassing defeats of his career as the world number one slumped to a stunning Queen’s Club first-round defeat by Australia’s Jordan Thompson on Tuesday.

Murray was hoping to warm up for his Wimbledon title defence by winning the Queen’s title for a sixth time, but instead he succumbed to an astonishing 7-6 (7/4), 6-2 exit against the world number 90.

The 30-year-old’s loss was all the more remarkable because Thompson was only called up to face Murray at the last minute.

Andy Murray

Murray was scheduled to face Aljaz Bedene, but he withdrew with a wrist injury just hours before Tuesday’s match, leaving Thompson, who was at the west London venue as an alternate after losing in the qualifying rounds, to scramble to get ready for his unexpected date with destiny.

With the Queen’s champion well below his best, 23-year-old Thompson seized his opportunity in memorable fashion and handed Murray his earliest exit from the tournament since 2012.

“It’s a big blow for sure. It’s not ideal obviously,” said Murray, who has failed to get past the second round in three of his last four tournaments.

View image on Twitter

“He was better than me. I didn’t create loads of chances and didn’t return particularly well.

“If I play like that, I certainly won’t win Wimbledon.”

The shock loss ended Murray’s 14-match winning streak on grass and his 10-match unbeaten run at Queen’s.

 

After reaching the French Open semi-finals to raise hopes that he was finally back on track following a poor first half of the season, Murray will head to Wimbledon, which starts on July 3, with fresh doubts about the state of his game.

“Andy’s the world number one. I’ve looked up to him. That’s definitely the biggest win of my career,” Thompson said.

“I was sitting around hoping to get a match. I got in the draw and I’m so lucky to be here.”

Murray’s downfall left Queen’s without the top three seeds as world number three Stan Wawrinka and world number six Milos Raonic also crashed out.

Wawrinka was beaten 7-6 (7/4) 7-5 by Spain’s Feliciano Lopez in the Swiss star’s first match since being thrashed by Rafael Nadal in the French Open final.

“I’m really sad to have lost. I would have liked more matches here,” Wawrinka said.

“There’s still a lot of work to do physically and on my game, to be in a better place on grass.”

Raonic finished as Queen’s and Wimbledon runner-up last year, but the Canadian’s hopes of another strong showing on grass were wrecked by Australian wildcard Thanasi Kokkinakis’s 7-6 (7/5), 7-6 (10/8) triumph.

“I was just a little too passive. I was letting him dictate too much,” Raonic said.

“Obviously the disappointment is high right now.”

 

Meltdown

So far this year, Murray has been mired in a major slump by his sky-high standards after battling shingles, an elbow injury and the flu.

Even so, no one saw this meltdown coming.

Thompson has never won a Tour title, while Murray has 45, including three Grand Slams, to his credit.

But, while Thompson might not have Murray’s glittering trophy cabinet, the 23-year-old was already up to speed on grass after reaching the final of the Surbiton Challenger last week.

And in his first match since losing to Wawrinka on the Paris clay, Murray looked all at sea.

Thompson was showing impressive serve and volley prowess and, with Murray lacking focus and fluency, the Australian took advantage to steal the first set tie-break.

When Murray squandered three break points at the start of the second set, Thompson’s confidence rose even further.

He out-witted the Wimbledon champion in a long rally to break in the fifth game, then landed the knockout blow with another break before finishing off the bewildered Murray.

 

 

 

Tamil Nadu Teachers Recruitment Board: Lecturer Recruitment In Polytechnic Colleges

NEW DELHI: Teachers Recruitment Board, Tamil Nadu has released job notification for recruitment to the post of Lecturers (Engineering/ Non-Engineering) in government polytechnic colleges under Tamil Nadu Educational Service. Interested candidates shall have to submit their application through online mode only. The recruitment process will be held against a total of 1058 vacancies. The last date for submission of application is 7 July 2017. Candidates will be selected on the basis of written examination which is scheduled to be held on 13 August 2017.

Tamil Nadu Teachers Recruitment Board: Lecturer Recruitment In Polytechnic Colleges

‘30% Women reservation will be provided horizontally as per existing Government Rules / Orders. If qualified and suitable women candidates are not available for selection against the vacancies reserved for them, those vacancies will be filled by male candidates belonging to those respective communal categories.’

Written Exam will be held on 13 August 2017 from 10 am to 1 pm. Hall tickets for the exam will be available at the official website.

 

Sassy toddler is Durban’s latest internet sensation

The Durbanite toddler takes the attitude title, and thousands of social media fans agree.

Durban’s latest social media sensation comes in a pint-sized package of sassiness and attitude, making her the envy of any diva worth her salt, Berea Mail reports.

She’s Taylor Morrison, three-going-on-13, with a pair of chocolate brown eyes that twinkle one moment and are all seriousness the next.

She may be the youngest in the family, but there’s little doubt that Taylor rules the roost, putting up with constant teasing from big brother Mickayle, 8, who often bears the brunt of her sharp tongue when she’s had enough of his antics.

Other family members aren’t spared the occasional scolding – Taylor holds nothing back, putting them in place sharply with little fuss.

“You’re always tired, you’re just like this baby,” she grouses at her aunt as she hugs the newborn baby she’s been allowed to hold closer.

Jerome, Taylor and Kim Morrison.

The withering look that accompanies this matter-of-fact statement is enough to cause said aunt to gasp in shock.

Her parents, Kim and Jerome, are still bemused by the following their toddler has accumulated online.

Thousands of people from across the world follow her on Facebook and YouTube, where her mom posts photographs and video clips of Taylor doing what she does best … talking, scolding and discussing all manner of things with three-year-old logic.

“I did a video of her holding my nephew and posted it on facebook, mostly for our family to see. Someone shared the video, and that was the start of it, it went viral and people started asking for more,” explained Kim.

To appease the growing fan base, Kim’s younger sister set up a facebook page for her feisty little niece, which now reaches more than 1.5 million people.

“She’s very independent, cheeky and feisty, she gives me a run for my money,” says Kim laughing, adding that apart from being a real little “yakker”, Taylor is into real girly things like makeup, clothes and shoes.

“She loves shoes, she changes them all the time,” she says with the resignation of a mom who knows it’s best not to argue with a stubborn toddler over something as trivial as shoes that don’t match the dress she’s wearing.

Like most divas, Taylor loves the limelight, and you can find her online belting out her favourite song, You Raise Me Up.

Fans cannot get enough of Durban’s cyber sensation, their comments range from “too cute”, “she’s adorable”, to offers to babysit.

“She takes after my mother who is also very feisty and cheeky. Taylor spends a lot of time with her, so I think it rubs off.”

When it comes to dad Jerome, Taylor has him wrapped around her finger.

She’s a real daddy’s girl, and loves nothing more than chatting to him while he is away at work on Face Time. The strong bond of love between father and daughter is clear to see as she wraps her little arms around his neck and whispers in his ear.

Heaven help dad when she’s a teen! Technology is also no match for the toddler.

She handles a smartphone like a seasoned user as she swipes through the apps to find her favourite games. The familiar digital tune brings a smile to her face, and she settles down to play with fierce concentration.

Keeping a straight face while in the firing line of one of Taylor’s arguments is no easy task, and Kim says it is hard not to laugh.

The video shows a serious Taylor who has just come out of the naughty corner where mom had sent her.

“Don’t talk to me like that ever again, mommy,” she says in all seriousness.

“I’m not naughty, I’m cute!”

Kim can be heard laughing, but this too is cut short when Taylor scolds: “It’s not funny mommy, for real, it’s not funny.

 

2018 BMW 6 Series GT Revealed

Ahead of global debut at the Frankfurt Motor Show in September this year, the 2018 BMW 6 Series Gran Tourismo has been revealed. The new 6 Series GT replaces the aging 5 Series GT in the automaker’s line-up, having grown larger, sportier and lighter over its predecessor. The new model is also the latest of the BMWs to be underpinned by CLAR (Cluster Archictecture Platform) that also underpins the new 7 and 5 Series models. With BMW pulling the plug on the 6 Series Gran Coupe and cabriolet over the next two years and will be replaced by the new flagship 8 Series, the new 6 Series GT will continue to take the 6 Series model forward.

2018 bmw 6 series gt

The 2018 6 Series GT is based on the CLAR platform that also underpins the new 5 Series

The new BMW 6 Series GT is essentially an iteration of the 5 Series sedan, but gets more interior room and touring friendly boot. The new 6er GT is about 150 kg ligther than its predecessor, thanks to the use of aluminium and high-strength steel in its construction. However, a major plus on the new 6 Series GT is the sportier design that has come a long way since the bloated looks of the older car. The front is similar to the new 5 Series complete with BMW’s Adaptive LED headlights, while the rear sports much larger LED tail lamps, and an active aero spoiler. The roofline though has seen a major change and is more coupe-like now, integrating rather seamlessly into the boot.

2018 bmw 6 series gt

The 2018 BMW 6 Series GT gets an active aero spoiler

In dimensions, the new BMW 6 Series GT has grown 87 mm longer and 21 mm lower. The car has a wheelbase of 3070 mm, while the boot capacity has grown by a healthy 110 litres, over the current 610 litres. The rear seats are foldable on the new 6 GT that can further liberate cargo space to 1800 litres.

The coupe-like profile has also helped liberate more room inside the cabin of the new BMW 6 Series GT. The cabin has been carried over from the 5er, but there is more headroom and shoulder room, while the seating position too is higher than that in the sedan. What’s interesting is that the 6 Series GT is inclined to keep things luxurious and gets materials like Dakota leather as standard while Nappa leather is part of the optional extra. You also get active seat ventilation with electrically adjustable function for the rear passengers and even the option to change the angle at the touch of a button.

2018 bmw 6 series gt

The cabin has been carried over from the new 5 Series

With respect to tech wizardry, the car comes with a Bowers and Wilkins 10-speaker surround sound system and will be using BMW’s iDrive 6.0 interface. The system can be operated via a 10.25-inch touchscreen unit and also come with Apple CarPlay that can be used wirelessly. The new 6 Series Gran Tourismo will also be available with a standard Active Driving Assistant that comes with a host of active and passive driver assists including Active Blind Spot Detection, Lane Departure Warning, Daytime Pedestrian Protection, Frontal Collision Warning w/City Collision Mitigation and much more.

2018 bmw 6 series gt

There is more headroom and shoulder room on the new 6 Series thanks to a taller roofline

Engine options will include the 2-litre four-cylinder turbocharged petrol with 256 bhp and 400 Nm of peak torque, while the more powerful 640i GT will use a 3-litre twinturbo engine with 338 bhp and 450 Nm of torque that can propel the car from 0-100 kmph in 5.4 seconds. Diesel power will come from the 3-litre in-line six-cylinder turbocharged unit tuned for 263 bhp and 620 Nm of peak torque that will get all-wheel drive as an option. All engines on the new 6 GT will be paired to an 8-speed Steptronic transmission. Buyers also have the option for a fancier suspension setup with variable damping and active roll control on the new 6 Series Gran Tourismo.

2018 bmw 6 series gt

The new BMW 6 Series GT is likely to come to India sometime next year

The BMW 6 Series GT will be going on sale in global markets towards the end of this year. The company has been selling the 5 Series GT in India for the past couple of years, and it is likely that the 6er GT will also make it to the country. Expect the model to arrive sometime next year.

The Success of ‘Despacito’ Has Labels Looking to Latin

As the Luis Fonsi, Daddy Yankee and Justin Bieber collab dominates the summer, A&R executives spot a trend.

“Despacito,” the first mostly Spanish-language song to reach No. 1 on the Billboard Hot 100 in 20 years, has already brought in $2.9 million in revenue for Universal Music Group in the United States alone, according to estimates based on Nielsen Music sales and streaming data for both the ­original and the remix. Also, the song has earned more than $220,000 in revenue for the publishers and about $1.27 ­million in royalties for the ­performing ­artists and songwriters.

But the success of “Despacito” — originally recorded by Luis Fonsi, featuring Daddy Yankee, then remixed by Justin Bieber — isn’t as sudden as it seems. Over the past two years, the outsized popularity of Latin music on streaming services has made Latin music both more accessible and more popular around the world.

“Despacito” “is a white-glove slap to anyone who doesn’t think Latin music is a global ­phenomenon,” says Sony Music U.S. Latin president Nir Seroussi. Sony has had worldwide success with crossover Latin hits for decades, thanks to artists like Shakira and Ricky Martin. And more recently, predominantly Spanish-speaking artists like CNCO, Maluma and Nicky Jam have ruled streaming charts worldwide, while Enrique Iglesias’ “Bailando” peaked at No. 12 on the Hot 100 in 2014, which is in some ways a precursor to the success of “Despacito.”

“We’re actively pursuing new sounds and music that can travel globally and that respect and enhance Latin culture,” says Charlie Walk, president of UMG’s Republic Group, which is promoting “Despacito” to mainstream radio and media. “The marketplace is clearly dictating that Latin sounds and lyrics matter. Streaming data doesn’t’ lie, and it now shows us that the world loves this music.”

Latin artists have collaborated with mainstream musicians for years — the remix of “Bailando” featured Sean Paul, and Drake joined Romeo Santos for “Odio” in 2014. But the success of “Despacito” is making such collaborations more of a priority — even changing who contacts whom. “We now see more artists from the other side reaching out to this side,” says Seroussi.

The U.S. mainstream actually came late to “Despacito,” which was originally written by Fonsi, Daddy Yankee and Panamanian singer-songwriter Erika Ender. (Bieber, Jason Boyd and Marty James also have writing credits on the remix.) Months before Justin Bieber even recorded his remix, the song was a worldwide hit for Fonsi and Daddy Yankee, rising to No. 1 on YouTube’s global music chart and No. 3 on Spotify’s Global Top 50. (The Bieber remix is now at No. 1, with the original at No. 12.) But in the U.S. Hot 100, where mainstream radio matters, Fonsi and Daddy Yankee’s original version of the song only climbed as high as No. 48.

The fact that it took a Bieber remix for the song to take off in the U.S. underscores the difference between a national market where Spanish-language hits are still the exception, and the global one, where Latin music is very much in the mainstream. Fully a third of YouTube’s latest music video chart is Latin; the original “Despacito” remains at No. 1, and Maluma’s “Felices los 4” is at No. 3. Maluma has six tracks on the chart, more than any other artist in any language.

“I think it’s the beginning of a very long journey of new sounds,” Walk says, noting that Bieber helped make Spanish cool, at least in mainstream U.S. pop. “I see it happening fast and I see it happening quickly. People love the music, no matter their demographic and background.”

That doesn’t mean the next “Despacito” is on the way, though. “If you try to copy it,” laughs Daddy Yankee, “it will never work.”

 

Delhi Metro moves SC against order to pay Rs 60cr to ReIiance Infra subsidiary

The Delhi Metro Rail Corporation (DMRC) has petitioned before the Supreme Court against the Delhi High Court order directing the company to pay Rs 60 crore to Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Anil Ambani-owned Reliance Infrastructure Limited (RInfra).

In May, the arbitration over Delhi metro’s controversial airport express line was decided in favour of DAMEPL. The company said it won an arbitration of Rs 2,950 crore along with interest payable by DMRC. It said that the total amount is Rs 4670 crore.

Following the win, the Anil Ambani owned subsidiary moved the Delhi High Court for early payment of the arbitration award by DMRC. DAMEPL sought Rs 3,502 crore, which is 75% of the arbitral award of Rs 4,670 crore, citing a NITI Aayog notice.

Delhi news

The High Court on May 30 had directed DMRC to pay Rs 60 crore as interest for three months to DAMEPL for the loan it had taken for the express metro line. This is an interim payment before the case for 75% of the award is decided.

The corporation had challenged this order before a HC division bench, which refused a breather, DMRC, then moved the apex court.

DAMEPL had participated in a public private partnership (PPP) project with DMRC in 2008, to jointly develop the 22.7 km line connecting the New Delhi railway station with airport terminal T3.

But operations were suspended in July 2012 after DAMEPL complained of construction defects in the rail lines built by DMRC.

RInfra terminated the agreement in October 2012 and the matter went into arbitration as DMRC did not accept the termination of the agreement.

DMRC built the infrastructure and DAMEPL brought in the rolling stock and was supposed to run the express metro line for 30 years.