Top business stories on 8th September in a capsule

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Sensex, Nifty halt 3-week gains, close flat


After advancing weekly for 3 weeks, Indian Indices halted gains and closed flat on Friday. The 30-share BSE Sensex was up 24 points at 31,687 and the 50-share NSE Nifty gained 4 points at 9,934. Pharma and auto stocks were the biggest losers of the day, who erased gains by the biggest gainer Larsen and Toubro ( L&T), which advanced more than 4%. Bombay Dyeing shares have zoomed more than 100% in a month, with trading for rupees 80 per share on August 8, it closed on 156 rupees on Friday. 

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Mosanto sells its Cotton Business in India

US based company Mosanto is selling its cotton seed business in India to Hyderabad based company Tierra Agrotech, media reports said on Friday. But it will remain invested in other farming segments such as corn seeds, crop protection, vegetables etc. This exit from India will help the company to get its regulatory approval for its merger with Bayer. Monsanto recently pulled out of several markets in a bid to address the regulatory concerns over the merger. In India, Mosanto is currently facing problems due to price controls and tougher scrutiny under India’s competition laws.
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Pakistan's largest Pvt Bank kicked out of US with a $225 million fine

Pakistan's largest private bank Habib which has been operating in the United States for the past 40 years has been told by the United States to shut down following allegations of terror funding, media reports said on Thursday. The department of financial services said that it is the first time it has ordered a bank to shut down in the US. The investigation found that the bank facilitated billions of dollars in transactions with a Saudi private bank, which had links to the Al-Qaeda. It had also maintained a good-guy list, to waive through at least $250 million in transactions with no screening at all. The top names on this list were a Pakistani terrorist group, an international arms dealer, and former Deputy Prime Minister of Iraq under Saddam Hussein. 

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Poultry prices rise by 30% post as demand rebounds post bird flu scare

According to poultrybazzar.com, prices of poultry have seen a sharp 30% increase over the past one month, a Business standard report said on Friday. The report has cited fall in consumption owing to  the recent bird flu scare. The authorities had removed the livestock which resulted in a supply crunch in the market. The stock could be restored within a year. After hitting to a record level of rupees 100 per kg in July, broiler chicken prices declined to rupees 40 per kg later in the month.
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Delhi HC orders to stop Patanjali advertisement mocking Dabur


Days after Baba Ramdev’s Patanjali Ayurvedic brand was asked to stop its soap commercial by the Bombay and Delhi High court,  the company was on Thursday has been asked to stop its new Chyawanprash commercial for mocking its rival Dabur, which also sells the same product. Apart from this, Dabur India, which claims to be the largest manufacturer of Ayurvedic products in the country, has also asked for a damage of rupees 2.01 crore from the company. The advertisements will not be aired until the next hearing on September 26 

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जिओ कॅप्सूल : ५ मिनटात वाचा ठळक बातम्या थोडक्यात

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रूग्‍णालयावर हल्‍ला करून २ दहशतवादी फरार श्रीनगरमधील श्रीहरी सिंह रुग्णालयात पोलिसांवर गोळीबार करून दोन दहशतवादी फरार झाले आहेत. अबू हंजुला असे फरार झालेल्‍या यातील एका दहशतवाद्याचे नाव आहे. त्‍याला वैद्यकिय तपासणी करण्याकरिता हॉस्पिटलमध्ये आणण्यात आले होते. त्‍यावेळी काही दहशवतवाद्यांनी रूग्‍णालयावर हल्‍ला केला हंजुला यानेही यावेळी पोलिसांच्या हातातील रायफल हिसाकवून घेत पोलिसांवर गोळीबार केला. त्‍यात दोन पोलिस शहीद झाले आहेत. मंगळवारी दुपारी दीड वाजण्याच्या सुमारास हंजुला याला वैद्यकीय तपासणीसाठी श्रीहरी सिंह रूग्‍णालयात आणण्यात आले होते. ही माहिती दहशतवाद्यांना मिळाल्‍यानंतर हंजुलाला सोडविण्यासाठी या दहशतवाद्यांनी रूग्‍णालयावरच हल्ला चढवत रूग्‍णालयाच्या आतच या अंधाधूंद गोळीबार केला. यावेळी हंजुलानेही पोलिसांच्या हातातून रायफल घेत पोलिसांवर गोळीबार केला आणि पोलिसांच्या हातून पळ काढला. ___________________ तीन दिवसात शेअर बाजारात 9.6 लाख कोटीचे नुकसान अर्थसंकल्प सादर होण्याआधी रोज नवनवीन उच्चांक नोंदवत असलेला शेअर बाजार आता त्याच वेगाने लोळण घेत आहे. अ...
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Top stories on 23rd October in a capsule

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Fake stamp paper scam convict Abdul Karim Telgi on ventilator support Abdul Karim Telgi, who was convicted for masterminding a fake stamp paper scam, is in a critical condition at a Bengaluru hospital, since Monday night, said media reports. The 56-year-old was admitted to Victoria hospital with meningitis, confirmed his lawyer MT Nanaiah. Telgi has been in hospital for a week, and was put on ventilator support after a multi-organ failure, media reported. Telgi was arrested in November 2001. He was sentenced to 30 years of rigorous imprisonment, and is serving his term in the Parappana Agrahara Central Jail in Bengaluru. ______________________________________________ 'BJP gave me  ₹ 1 crore to join them': Hardik Patel’s aide Ahead of the Assembly elections in Gujarat, sensational claims were made by Patidar leader and Hardik Patel’s confidant Narendra Patel of being bribed by the BJP. On Monday, the Patidar Anamat Andolan Samita (PAAS) leader address...
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