Business Short News

Sensex up 100 points, Nifty above 11,300

Sensex up 100 points, Nifty above 11,300

The Sensex was 94.73 points up at 37,385.40, while Nifty was at 11313.90 on Wednesday morning. About 669 shares advanced, 266 shares declined, and 41 shares remained unchanged. Coal India, Tata Steel, Yes Bank, Tata Motors, Eicher Motors, Dr Reddy's Lab were early gainers, while HDFC Bank, HDFC lost most in initial trade.  
China slaps tariffs on $60 bn of US goods

China slaps tariffs on $60 bn of US goods

China will impose additional tariffs on US products worth $60 billion in response to the newly-announced American tariffs on Chinese goods. Tariffs will go into effect from Sept 24. China also filed an additional complaint with World Trade Organization against US's decision to impose tariffs on $200 billion worth of Chinese goods under Section 301 investigation.
RCom to exit telecom to focus on realty: Anil Ambani

RCom to exit telecom to focus on realty: Anil Ambani

Reliance Group chairman Anil Ambani on Tuesday said that the Reliance Communications will be completely exiting the telecom business and will focus on real estate in future. He was addressing shareholders at the company's 14th annual general meeting in Mumbai. He said the first priority of RCom is to resolve its debt worth over Rs 40,000 crore.
Solar panels over 10,000 ATMs to be installed by SBI in 2 yrs

Solar panels over 10,000 ATMs to be installed by SBI in 2 yrs

State Bank of India (SBI) will be installing solar panels over around 10,000 ATMs across the country in the next two years to become carbon neutral. Currently, nearly 1,200 of the bank's ATMs are running on solar power. It has installed rooftop solar panel on 150 of its building. The bank is also planning to replace all its vehicles with electric vehicles by 2030.
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