Tuesday, January 16, 2018
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Posted at: Jan 4, 2018, 12:04 AM; last updated: Jan 4, 2018, 12:04 AM (IST)

Nasdaq breaches 7,000-mark for 1st time

Washington: US stocks began their new year on a strong note, with the Nasdaq closing above 7,000-mark for the first time, driven mainly by the bullish technology industry. At the closing, the technology-rich Nasdaq Composite Index had jumped 1.5% to end the first session of the year at 7,006.90. PTI

New Delhi

Govt to roll out 650 postal banks by April

The government expects to roll out all 650 branches of India Post Payments Bank (IPPB) by April, 2018, Parliament was informed on Wednesday. In a written reply to Lok Sabha, Minister of State for Communication Manoj Sinha said IPPB has launched two pilot branches on January 30, 2017 at Raipur (Chhattisgarh) and Ranchi (Jharkhand) in 2016-17. PTI

New Delhi

Commodity bourses to hike transaction charges

SEBI on Wednesday allowed the commodity derivative exchanges to keep the highest transaction charge in turnover slab of any contract at a maximum of double the lowest charge in the same segment. Currently, the maximum permissible ratio for the highest and lowest transaction charge in a slab is 1.5:1. PTI

New Delhi

Ekart Logistics raises Rs 1,632 crore

E-commerce major Flipkart’s logistics arm Ekart Logistics has received a funding of Rs 1,632 crore recently from Klick2Shop, as per regulatory filings. On November 7, Klick2Shop pumped in Rs 323.6 crore and topped it up with two more rounds of fund infusion on November 27 for Rs 981.7 crore and Rs 327.4 crore, the documents showed. PTI

Chandigarh

Nissan unveils Brain-to-Vehicle technology

Nissan on Wednesday unveiled technology that will enable vehicles to interpret signals from the driver’s brain, redefining how people interact with their cars. The company’s Brain-to-Vehicle, or B2V, technology promises to speed up reaction times for drivers and will lead to cars that keep adapting to make driving more enjoyable. TNS

Chandigarh

Spice unveils new device portfolio

Spice Devices, a joint venture between Transsion Holdings and Spice Mobility, has forayed into Punjab with new product portfolio of nine mobile devices, including four smartphones and five feature phones. TNS

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