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BSE initiates IBC proceedings against seven companies (12 minutes ago)
Mumbai, Dec 12 (IANS) Stock exchange major BSE on Tuesday filed proceedings under the Insolvency and Bankruptcy Code (IBC) 2016 against seven listed companies for failing to pay the "Annual Listing Fees" (ALF) in spite of "advance intimation, reminders and grant of sufficient time in the past few years".

EU commits to 9 bn euro climate finance (22 minutes ago)
Paris, Dec 12 (IANS) The European Union on Tuesday announced 9 billion climate finance contribution -- the first major announcement made on the historic Paris Climate Change Agreement's second anniversary -- to achieve climate goals.

November inflation up at 4.88%, factory output growth dips (Lead) (24 minutes ago)
New Delhi,, Dec 12 (IANS) A sharp spurt in food and fuel prices pushed India's annual retail inflation in November over the RBI's median level of 4 per cent, even as factory output growth in October contracted to 2.2 per cent official data showed on Tuesday.

NHAI making all out efforts to speed up highway construction (18:44)
New Delhi, Dec 12 (IANS) The government on Tuesday said it was making all out efforts to speed up awarding of projects and construction of highways, adding it had already invited bids for projects of 4,900 km length till November.

Girl, 5, moves NGT against noise pollution from Delhi metro (18:36)IANS Photo Service
New Delhi, Dec 12 (IANS) A five-year-old petitioner approached the NGT on Tuesday complaining of noise pollution from Delhi Metro's operations.

'Digital transactions to reach about 1,800 crore in FY18' (18:32)IANS Photo Service
New Delhi, Dec 12 (IANS) Emphasising a dramatic increase in digital transactions in the country, Minister of State for Electronics and IT K. J. Alphons on Tuesday said the transactions are expected to touch 1,800 crore in the current fiscal from 1,162 crore transactions recorded between April and November.

Manufacturing slowdown halves' October factory output growth to 2.2% (Second Lead) (18:26)IANS Photo Service
New Delhi, Dec 12 (IANS) A slowdown in manufacturing sector almost halved the rise in India's factory output in October to 2.2 per cent from 4.14 per cent in September and 4.2 per cent during the corresponding month last year, official data showed on Tuesday.

Warburg Pincus to acquire 20% stake in Airtel's DTH arm for $350 million (18:22)IANS Photo Service
New Delhi, Dec 12 (IANS) Bharti Airtel and Warburg Pincus, a global private equity firm, on Tuesday announced that an affiliate of Warburg Pincus will acquire up to a 20 per cent equity stake in Bharti Telemedia Limited, the DTH arm of Airtel, for approximately $350 million.

Gold bars worth Rs 50 lakh seized in Bengal (18:08)
Kolkata, Dec 12 (IANS) The Border Security Force on Tuesday seized 17 gold bars worth nearly Rs 50 lakh from near India-Bangladesh border in West Bengal and detaind one smuggler, a BSF official said.

November inflation at 4.88% crosses RBI's median mark (18:04)IANS Photo Service
New Delhi,, Dec 12 (IANS) A sharp spurt in food and fuel prices pushed India's annual retail inflation in November over the RBI's median level of 4 per cent mark, official data showed on Tuesday.

India's industrial output slows in October to 2.2% (Lead) (17:52)IANS Photo Service
New Delhi, Dec 12 (IANS) India's factory output rose just 2.2 per cent in October from 4.14 per cent in September, official data showed on Tuesday.

Global cues, profit booking snap equity indices 3-day gains (Roundup) (17:48)IANS Photo Service
Mumbai, Dec 12 (IANS) Key Indian equity indices on Tuesday closed on a lower note -- snapping a three-day gaining streak -- as rising crude oil prices, along with negative global cues and profit booking in rate-sensitive stocks, hampered investors' risk-taking appetite.

Inform about drugs, get cash reward, announces MHA (17:46)
New Delhi, Dec 12 (IANS) The Union Home Ministry has issued new guidelines for granting of rewards to informers and government officers whose information and actions lead to the seizures of narcotics drugs and psychotropic substances, an official said on Tuesday.

BREAKING NEWS: November retail inflation at 4.88% (17:46)

India's industrial output slows in October to 2.2% (17:42)IANS Photo Service
New Delhi, Dec 12 (IANS) India's factory output rose just 2.2 per cent in October from 4.14 per cent in September, official data showed on Tuesday.

BREAKING NEWS: India's industrial output rises 2.2% in October (17:38)

Vodafone offers Red Protect plan with Aviva Life Insurance (17:32)
New Delhi, Dec 12 (IANS) Vodafone India on Tuesday announced Red Protect - a mobility plan integrated with life insurance, in partnership with Aviva Life Insurance, with the sum assured worth up to 20 years of the monthly rental.

Dubai hosts forum on risk management (17:24)
Dubai, Dec 12 (IANS/WAM) A two-day forum on risk management has kicked off in Dubai in collaboration with the US Risk Management Society.

Smartphone sensors to top 10bn unit shipments in 2020 (17:04)
New Delhi, Dec 12 (IANS) The sensors in smartphones, which provide an array of features and functionalities to improve the overall user experience, are estimated to cross the 10 billion unit shipment mark in 2020, new research said on Thuesday.

Sales boost OMCs' stock outlook, margins more important: Jefferies (16:38)
New Delhi, Dec 12 (IANS) Higher sales remain a tailwind for Indian state-run oil marketing companies (OMCs), US investment banker Jefferies' Indian arm said on Tuesday, reaffirming its 'Buy' rating on Indian Oil Corp (IOC) stock, which analysts preferred over Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL), assuming 'Underperform' rating on both.

Jharkhand gives 175 acres to Adani Power (16:16)
Ranchi, Dec 12 (IANS) The Jharkhand government on Tuesday gave 174.84 acres of acquired land to Adani Power Ltd to set up a 1600 MW power plant in the state.

Caution ahead of macro-data release subdue key indices (Second Lead) (15:56)IANS Photo Service
Mumbai, Dec 12 (IANS) Key Indian equity indices on Tuesday were dragged lower by heavy selling pressure in interest sensitive stocks like banking, auto and capital goods.

AppyStore best app for kids on Google Play (15:54)
Mumbai, Dec 12 (IANS) AppyStore, a leading subscription-based platform for children's curated content, has won the "Best for Kids App" award in 2017 on Google Play Store in India.

Queensland PM seeks veto of federal loan to Adani's coal mine project (15:50)
Brisbane, Dec 12 (IANS) Queensland's re-elected Labor Party Premier Annastacia Palaszczuk has written to Prime Minister Malcolm Turnbull to veto a federal loan to Indian conglomerate Adani Enterprises' A$16.5-billion Carmichael coal project in Galilee Basin, a media report said.

First 6 startups graduate from NetApp Excellerator programme (15:48)
Bengaluru, Dec 12 (IANS) Data storage and management company NetApp on Tuesday announced the graduation of its first cohort of six start-ups as part of the NetApp Excellerator programme.

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