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Wednesday, November 23, 2016

Sensex recoils from 6-mth lows, Nifty gets at 8k-level
Recovering from six-month lows, market benchmark Sensex rebounded by about 196 points to end at 25,960, while Nifty closed above the 8,000-mark on widespread buying by domestic investors on upbeat global cues. The 30-share Sensex, after scaling the day's high of 26,039.70 hit in early deals, surrendered part of gains on profit-booking and finally closed 195.64 points or 0.76% higher at 25,960.78. The gauge has lost 1,752.54 points in the previous six sessions on persistent selling amid sustained capital outflows by foreign funds. The 50-share NSE Nifty reclaimed the key 8,000-mark to hit a high of 8,019.05, before winding up at 8,002.30, up by 73.20 points, or 0.92%.

Gold gains for 2nd day as USDs advance takes break
Gold yesterday headed for the first back-to-back gain since Donald Trump s US presidential election win as a halt in the dollar s rally buoyed demand for the precious metal as an alternative investment. Gold rose 0.6% to USD 1,221.16 an ounce. Bullion last gained for two straight days on November 4. Silver also advanced 1.7% to USD 16.86 an ounce.

IRFC, NTPC raise Rs 2,700 cr via bonds on BSE e-book platform
IRFC and NTPC yesterday raised Rs 2,000 crore and Rs 700 crore, respectively, through issuance of debt securities on BSE's newly launched electronic book mechanism platform. With this, the exchange's e-book platform has crossed 200 issuances and Rs 1 lakh crore of fund raising through debt securities by corporates in India, BSE said in a release. "In 2016-17, till November 22, 2016, 45 issuers have done 200 issues of bonds and have successfully raised Rs 1,00,308 crore using BSE Debt platforms," the exchange said.

India needs to explore trade pacts with Latin America: EEPC
India needs to look at the feasibility of negotiating trade agreements with Latin American nations with a view to promoting commerce and investments, EEPC yesterday said. "India needs to gear up and explore more preferential trade agreements (PTAs) and economic engagements to ensure bilateral trade and economic relationships with other countries of Latin American. This could be beneficial to enhance trade between two regions," EEPC said in its publication. The Engineering Export Promotion Council (EEPC) publication -- Doing Business in Latin America and the Caribbean's -- was released by Commerce Secretary Rita Teaotia here.

Yes Bank awarded dual international certification
YES School of Banking (the Learning & Development unit of YES BANK) has been awarded dual international certification in ISO 9001:2008 and ISO 29990:2010, making it the first Learning & Development function in the Indian banking sector to be recognized by this highest level of quality management system. The dual certification from Bureau Veritas, a global leader in Testing, Inspection and Certification (TIC), reflects YES BANK’s robust Learning & Development processes including conceptualization of learning solutions and effective deployment of developmental activities across the organization to meet business requirements while continuously improving employee behavior, systems and service quality.

Aneesha Khattar appointed ‘Brand Custodian’ for Mee Mee
Aneesha Khatar, the young lady is all of 26 has been appointed “Brand Custodian” for Mee Mee under the able stewardship of her father and sister. MeeMee has seen a radical transformation from a carefully directed family label to an evolving professionally managed and market networked parenting and baby-care brand. Aneesha has quickened the pace of modernization and supported the brand by taking quick steps to understand the needs of modern Indian parenting. Her designing experience gives her an extra edge in visualization and conceptualization where as her global exposure enabled her to transform the brand and give it an international tone.

PMI India organises National Conference 2016
Project Management Institute (PMI), the world’s leading not-for-profit professional membership association for the project management profession, has announced L&T Construction, Ericsson Global Services Ltd., L&T Power and World Vision India as the winners of PMI India Awards 2016. These awards were presented by Craig Killough, Vice President Organization Markets and Raj Kalady, MD, PMI. L & T Construction won the project of the year award in the Large category for their Mumbai International Airport Project and Ericsson India Global Services Ltd. won the award in Medium category for Telenor - Grameenphone Frame contract - BSS transformation project. The other winners were L&T Power for their Construction Skills Training Centre project in Contribution to Community category (CSR) and World Vision India received Project of the year for their Chennai Flood Relief project in the NGO category.

India, China, Japan drive global steel output in Oct
Global steel production rose by a healthy 3.3% to 136.5 million tonnes (mt) last month against October 2015 aided by growth in major producers like India, China and Japan, data from World Steel Association showed. "India's crude steel production was 8.3 mt in October 2016, up by 12.3% on October 2015," the association (World Steel) said. China's crude steel production for October 2016 was 68.5 mt, a rise of 4% year-on-year (y-o-y), while Japan produced 9 mt of the metal, up 0.6%, it added.

Gujarat, CM, Vijay Rupani at BSE

Chief Minister of Gujarat Vijay Rupani along with Bombay Stock Exchange CEO Ashish Kumar Chauhan during the Opening Bell session at the BSE in Mumbai on Tuesday.

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