TopNews

Mumbai, April 7 : A benchmark index of Indian equities markets was trading 111.87 points or 0.50 percent down in the late afternoon session Monday, as consumer durables, capital goods and bank stocks declined.

Markets were cautious as the five-week-long polling exercise began Monday for the general election.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 22,355.56 points, was trading at 22,247.63 points around 1.40 p. m., down 111.87 points or 0.50 percent from the previous day's close at 22,359.50 points.

Srinagar, April 7 : National Conference (NC) patron and union minister Farooq Abdullah Monday filed his nomination papers for the Srinagar Lok Sabha seat.

Farooq Abdullah was accompanied by his son, NC president and Jammu and Kashmir Chief Minister Omar Abdullah, and other senior party leaders.

State Congress president, Saif-ud-Din Soz also accompanied the union minister to the office of the returning officer in the Tankipora area of summer capital Srinagar.

The ruling NC-Congress alliance is jointly fighting the election in the state.

Telecommunication services provider Bharti Airtel will tap the overseas bond markets again to raise $400 million, a merchant banker associated with the imminent issue revealed.

The bond issue, which is a part of Bharti's $2 billion debt raising plan, will take place in the next three to four weeks. The merchant banks said the issue would likely go through either by the end of April or early next month.

Revealing the planned issue, the merchant banker said, "Bharti will be raising around $400 million in the next three-four weeks from an overseas offering."

Tech giant Google is reportedly preparing to introduce its wireless content streaming device, dubbed Android TV, which will go compete with the likes of Apple TV, Amazon's Fire TV and the Roku system.

Emerging reports, which could be part of Google's supposed effort to create buzz for Android TV, suggest that Google is gearing up for a formal introduction of the device.

UK's clothing retailer, Marks & Spencer is expected to record another fall in sales, indicating that the retailer is facing difficulties even as it is focusing on reviving business during the previous few months.

India's largest drug maker by market value, Sun Pharmaceutical Industries has indicated that it is planning to buy Ranbaxy Laboratories in a deal valued at $3.2 billion in stock.

The acquisition will be the biggest by any Indian company in two years. Under the terms of the deal, Ranbaxy investors will get 0.8 share in Sun for every one share in Ranbaxy, the two pharmaceutical giants said in a statement. The deal values the shares at about 457 rupees a share, or about 24 percent higher than the 60-day average.