FDI in insurance up 152% to US$ 341m

Foreign direct investment in the insurance sector more than doubled to $341.43 million during March-September this year, commerce and industry minister Nirmala Sitharaman said.

Cos with exposure to Chennai hit: Shares of companies with exposure to Chennai came under selling pressure, falling as much as 6.4% on Wednesday, as incessant heavy rains there and other parts of Tamil Nadu hit their operations. A large number of companies across sectors such as Infosys, TVS Motor, Madras Fertilizers and Natco saw their stocks decline by as much as 6%.

Govt says no plan to disinvest in BSNL, MTNL: The government on Wednesday said there is no proposal to disinvest stake in BSNL and MTNL as part of their revival strategy. To a question whether the government has any proposal to disinvest BSNL and MTNL as part their revival strategy, telecom minister Ravi Shankar Prasad replied in the negative.

BSE to introduce new group 'W' from Friday: BSE will classify warrants issued by companies into a separate group, called 'W', with effect from Friday. Currently, all types of warrants are traded under 'F' Group.

Gold falls back on global cues: Gold prices drifted by Rs 150 to Rs 25,550 at the Delhi bullion market on Wednesday following a weak trend overseas coupled with slackened demand from jewellers at prevailing levels. Silver followed suit and shed Rs 50 at Rs 34,150 per kg.

Sensex sheds 52 pts on profit-booking: Retreating from over three-week high, the sensex fell by 52 points on Wednesday as banking stocks dropped on caution ahead of the unveiling of a new methodology for calculating base rates amid a mixed trend in global markets on worries over a US rate hike.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.