Business

Sensex soars 371.84pts as BJP leads in Karnataka

Mumbai: As counting is underway in Karnataka, market indices soared in Tuesday morning trade.
The BSE's Sensex surged by 371.84 points to trade at 35,928.55, while the Nifty traded 103.65 points higher at 10,910.25.
As per the latest results from the Election Commission, the Bharatiya Janata Party (BJP) has marked a lead on 95 seats while Congress is trailing in far second with a lead on 47 seats.
The third key player, Janata Dal (Secular) (JD-S) is close on the heels of Congress with a lead on 37 seats, as per the official trends by the Election Commission.
The chief ministerial candidates, BJP's BS Yeddyurappa is leading from Shikaripura seat, Congress' Siddaramaiah is leading from Badami but trailing behind JD(S)' GT Deve Gowda in Chamudeshawari. JD(S)'s HD Kumaraswamy is meanwhile leading from both Ramanagara and Channapatna seats.
Counting of votes began at 8 a.m. for 221 out of 224 assembly constituencies in 58,546 polling stations in the state. The elections in two constituencies, Jayanagar and Rajarajeshwari Nagar, both in Bengaluru have been postponed earlier.
A total of 2,654 candidates, including 216 women candidates were in the fray for the Assembly Elections this year.
It may be noted that a party or an alliance needs 112 seats to form the government.  

Court bans sale of Apple iPhone models in China for violating Qualcomm patent

A Chinese court has ordered a ban on the sale of several older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, a...

India's Dangerous Experiment With Challenging RBI

India's government is conducting a dangerous experiment in economic management. This week, following renewed pressure to conform to the government's t...

India expected to receive total remittance of $80 bn in 2018

India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank's Migration and Development Brief, r...

Rupee falls 59 paise to 71.40 amid strengthening US dollar

The rupee depreciated 59 paise to 71.40 against the US dollar in early trade Monday at the interbank foreign exchange amid strengthening US dollar aga...