Sensex rises for 7th consecutive session; Nifty regains 7,800-mark

Sensex risesMumbai: Continuing its rising spree for the seventh straight day, the benchmark BSE Sensex rose over 133 points in early trade on Wednesday as metals, FMCG, capital goods and PSU sector stocks led the rally on sustained capital inflows.

Besides, a firming trend overseas also buoyed market sentiments.

The BSE 30-share barometer spurted by 133.27 points, or 0.51 percent, to trade at 26,159.07 with all the sectoral indices trading in positive zone with gains up to 0.96 percent.

Rupee rises 12 paise at 60.12 against US dollar

Rupee risesMumbai: Extending its rising streak for the second straight session, the rupee strengthened by 12 paise to trade at 60.12 against the US dollar in early trade on Wednesday on sustained foreign capital inflows. Increased selling of dollars by banks and exporters amid sustained foreign capital inflows also supported the rupee, dealers said.

Besides, a sustained rally in domestic equity market in opening trade also helped the rupee but the dollar's strength against other currencies overseas capped the rise, they added.

Modi reviews political situation in Delhi

Narendra ModiNew Delhi: Prime Minister Narendra Modi and top leaders of BJP Tuesday reviewed the political situation in the national capital amid indication that the ruling party at the centre was bracing for fresh elections rather than cobbling together a government with support from MLAs from other parties.

Party sources said besides Modi the meeting was attended by Home Minister Rajnath singh, Finance & Defence Minster Arun Jaitley, External Affairs minister Sushma Swaraj and Road Transport and Highways Minister Nitin Gadkari.

Power sector faces multiple challenges: Icra

Power sector faces multiple challenges: IcraMumbai: The power sector faces multiple challenges including high subsidy for state utilities and uncertainty over tariff compensation to power producers, Icra said today.

Besides, the Plant Load Factor at thermal plants declined to 65.6 percent in the 2013-14 fiscal from 69.9 percent in FY'13, primarily due to backing down of generation units due to low demand from discoms.

FAA bans US airlines' Israel flights for 24 hours

Delta planeWashington: The US aviation authority today banned American carriers from flying to and from Israel for at least 24 hours following a militant rocket strike near Tel Aviv's main airport.

The Federal Aviation Administration (FAA) has told US airlines that they are prohibited from flying to or from Israel's Ben Gurion international airport for a period of up to 24 hours.

The FAA issued Notice to Airmen (NOTAM) in this regard in response to the rocket strike which landed about a mile from Ben Gurion Airport this morning.

Stardom is ephemeral: Salman Khan

Salman-KhanMumbai: Bollywood superstar Salman Khan feels stardom is ephemeral and he would rather focus his energies on taking his charitable work forward.

"Stardom comes every three years and anyone can beat anyone in this. I think till the time fame is there work is there... Till the time work is there money is there and till that time `Being Human` is there," Salman said in an interview here.

"I am going to make it so difficult for actors; eventually my mission is to take `Being Human` to a different level and I am struggling very hard for it. I have never worked so hard in life ever," he said.

AAP govt violated laws to conduct CAG audit of discoms: Tata Power to HC

AAP govt violated laws to conduct CAG audit of discoms: Tata Power to HCNew Delhi: Aam Aadmi Party had pre-decided to have CAG audit of private discoms and its government later violated statutory and constitutional provisions to fulfill the poll promise, Tata Power Delhi Distribution Ltd (TPDDL) Tuesday told the Delhi High Court.

"One particular party decided in its election manifesto that it will decrease power tariff and will conduct CAG audit of all three private discoms...

More new airlines likely to fly in Indian sky in coming months

More new airlines likely to fly in Indian sky in coming monthsNew Delhi: Several more new airlines are likely to fly in the Indian sky in the coming months with the government giving flying licence to four of the six companies which had sought permits for launching scheduled, private or charter air operations.

India firms borrowed USD1.89 bn from overseas mkts in June: RBI

India firms borrowed USD1.89 bn from overseas mkts in June: RBIMumbai: Borrowings by Indian firms declined by over 3 percent from a year ago to USD 1.89 billion in June 2014, according to Reserve Bank data released today. During June 2013, India Inc had raised USD 1.95 billion from overseas markets by way of external commercial borrowings (ECBs).

MTNL offers to return CDMA spectrum for auction-derived price

MTNL offers to return CDMA spectrum for auction-derived priceNew Delhi: State-run MTNL has informed the Department of Telecom that it is ready to return the entire CDMA spectrum it currently holds if the telecom operator is paid auction-determined price.

"MTNL has offered to surrender entire 800 Mhz band spectrum but it wants an auction-determined price for the surrendered frequencies," a government official said.

As per TRAI recommended price, the value of CDMA spectrum held by MTNL amounts to about Rs 1,937 crore.

BlackBerry appoints new COO to focus more on 'corporate users'

BlackBerry appoints new COO to focus more on 'corporate users'Washington, July 22 : BlackBerry announced Monday it has appointed Marty Beard as chief operating officer to focus on keeping its enterprise customers and attracting new corporate users, effective immediately.

Beard will oversee marketing, application development, customer care, and quality, all of which BlackBerry describes as cross-functional organizations.

President to complete two years in office on July 25

Pranab-MukherjeeNew Delhi, July 22 : President Pranab Mukherjee will complete two years in office on Friday July 25.

A number of activities are being organized to mark this special occasion, the highlight of which is the dedication to the Nation of the new Rashtrapati Bhavan Museum (Phase I).

Axis Bank Q1 Net up over 18% at Rs 1,667 crore

Axis Bank Q1 Net up over 18% at Rs 1,667 croreMumbai: Private sector Axis Bank Tuesday reported 18.3 percent growth in net profit at Rs 1,667 crore for the first quarter ended June 2014.

The bank had earned a net profit of Rs 1,409 crore in the April-June quarter of 2013-14, Axis Bank said in a statement.

Total income of the bank rose to Rs 9,980.47 crore during the quarter under review as against Rs 9,059.12 crore in the same period last year.

The net interest margin for the bank rose to 3.88 percent in the April-June quarter, against 3.86 percent in the same period of the previous year.

'Natural cooling fluctuation' masked greenhouse effect during last decade: Study

Natural-cooling-fluctuationWashington, July 22 : A new study has revealed that a natural cooling fluctuation between 1998 and 2013 largely masked the warming effects of a continued increase in man-made emissions of carbon dioxide and other greenhouse gases.

According to research by McGill University physics professor Shaun Lovejoy, has ruled out with more than 99 percent certainty, the possibility that global warming in the industrial era is just a natural fluctuation in the earth 's climate.

Rooney favourite to succeed Gerrard as England captain

Wayne-RooneyLondon, July 22 : Wayne Rooney is emerging as the favourite to become the new England captain after Steven Gerrard quit international football last night.

Gerrard called time on a glorious England career that saw him win 114 caps to become one of the true greats of the game.

The Liverpool star, 34, admits he did a lot of soul-searching before deciding to stand down following a heart-to-heart talk with his wife Alex and former colleagues, including David Beckham.

Three Lions boss Roy Hodgson is now expected to hand the armband to Rooney when the Euro 2016 qualifying campaign begins in September, reports the Daily Star. (ANI)

Apple aims ambitious launch, orders 70-80m iPhones: Report

Apple aims ambitious launch, orders 70-80m iPhones: ReportWashington, July 22 : Tech giant Apple has reportedly put the biggest order yet for the rumored iPhone 6, somewhere between 70 to 80 million.

The order would split up between two models, the report claims, a 4.7-inch model, as well as a 5.5-inch model, both of which would come in well above the iPhone 5 and 5S' 4-inch display, The Verge reported.

Last year, Apple ordered 50 to 60 million units of the iPhone 5S and 5C, which fell short as iPhone 5S went on to have extreme sales.

Filming 'Fast and Furious 7' post Paul Walker death was 'surreal', says Dwayne Johnson

Dwayne-JohnsonLondon, July 22 : Dwayne Johnson admitted that it was 'surreal' to return to of ' Fast and Furious 7' set post Paul Walkers death.

The 42-year-old actor, who reprises his role of DSS agent Luke Hobbs in the film, told Metro. co. uk that they wanted to "honour" and do justice to the 40-year-old actor when they resumed the shoot, which was put on hold after Walkers' tragic car accident .

Johnson added that he felt "honoured and blessed" to be a part of the project, and believed that audiences would appreciate their work. (ANI)

Internet mobile users in China surpass computer ones

Internet mobile users in China surpass computer onesBeijing, July 22 : The number of people who use mobile to surf internet in China has surpassed the number of people using computers to go on web, says an industry report by the China Internet Network Information Center .

The report also suggests that the number increased by 14.42 million. Now, 83.4 percent of internet users go online via mobile devices.

According to China Daily, it was the first time that the number of internet mobile users had surpassed the ones using computers.

Cook will never improve as a player, says Ponting

Ricky-PontingKarachi, July 22 : Former Australia captain Ricky Ponting has written the England cricket team Captain off by stating that Alastair Cook will never improve as a player for the rest of his career.

According to the Dawn, the backlash comes at a time when the England skipper is already under fire from all sides for his poor form and performance. The loss suffered by England at the hands of India at Lord's on Monday made it the 10th successive test match that the team has lost in the recent times. England cricket team's ten losses are being dubbed as their worst stint in the format in the last 21 years.

Yahoo set to buy mobile analytics and advertising platform 'Flurry'

Yahoo set to buy mobile analytics and advertising platform 'Flurry'Washington, July 22 : Yahoo announced on Monday that it is set to buy Flurry, a company that specializes in mobile analytics and advertising.

Flurry, founded in 2005, provides mobile analytics for more than 170,000 developers globally. One of its aims is to allow app makers and marketers to place more-personal ads. The service gets insights from 1.4 billion devices a month, CNET reported.

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