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Should Chanda Kochhar step down as ICICI Bank CEO while probe is under way into alleged irregularities in the Videocon loan case?

Airtel rolls out Rs 449 plan, offers 2GB data daily. Is the Data War still going on ?

NEW DELHI : The annual cricket extravaganza has started and the telecom operators are trying hard to offer exclusive benefits to their users to a better streaming experience. After Reliance Jio and BSNL, Airtel has also rolled out a new plan for its subscribers.

The telco claims that the new plan will enable the users to enjoy live matches without any problem. The service provider has launched a plan of Rs 499 under which it is offering 2GB data daily. Along with this, the Airtel subscribers can also enjoy unlimited local, STD and roaming calls with 100 SMS per day. The plans comes with a validity of 82 days, which means that the users are getting total data of 164GB and the 1GB will cost around Rs 3.

The Airtel users are allowed to make calls of 300 minutes daily and 1,000 minutes weekly. In case the users exceed the set limit then they will be charged at 30 paisa per minute.
The company has rolled out the plan in competition to the Rs 251 plan from Reliance Jio and Rs 248 plan from BSNL. Reliance Jio is giving 2GB data per day with unlimited calling and 100 SMS for the period of 51 days. This means that the telco is giving total 104GB data for 51 days.

On the other hand, BSNL is giving 3GB data per day under its Rs 248 plan, which the company has launched for the IPL season. The plan is valid for the period of 51 days and offers a total data of 153GB. The BSNL users can opt for the plan by April 30.

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Gold prices at 15-month high on US-China trade war

Mounting economic and geopolitical tensions as a result of the US-China trade war has fuelled a demand for gold across the globe. The price of the yellow metal was pushed to the highest this month as investors flocked to its safe haven.

Following the global cues and increased demand, the gold prices increased Saturday (March 24) by Rs 85 to trade at a one-month high of Rs 31,835 per 10 grams. Gold was trading at around Rs 30,800 per 10 grams Friday.

The trade war fears between the US and China has dragged the US dollar down and make investors nervous. Also, US president Donald Trump's decision to appoint diplomat and attorney John Bolton as his new national security advisor also seems to be adding more risks to the market.

Trump signed a memorandum Thursday that could impose tariffs on up to $60 billion of imports from China. The tariffs have a 30-day consultation period, the time period for public comment, but investors are concerned that a trade war could develop. Trump's proposed tariffs are a response to allegations of intellectual property theft by China.

The Trump administration says that China's trade practices involve stealing American companies' intellectual property. The US has also complained against China at the World Trade Organization.

Sensex sinks over 500 points amid political upheaval. Is it good for Indian Economy ?

NEW DELHI: Bearish sentiments returned to haunt equity markets on Friday as Sensex tanked as much as 509.54 points to close at 33,176. The broader 50-share NSE Nifty too cracked more than 1.50 per cent to slip below the 10,200-mark.

The markets had opened in the red in the morning session itself amid upheaval in national politics as Telugu Desam Party (TDP) pulled out of the Narendra Modi led- National Democratic Alliance (NDA). Friday, being the last day of trading in the week, investors turned cautious on turbulence in the political circles, that may play out over the weekend.

Apart from that, trade war woes once again rocked the markets with the Trump administration mounting a fresh offensive against India by dragging it to the World Trade Organisation (WTO) for providing what it termed as export subsidies through half-a-dozen schemes. Metal stocks which faced jitters after Trump hiked import tariffs of steel and aluminium, once again bore the brunt on Friday as the Nifty Metal sub-index tanked above 2 per cent.

The negative sentiment of the market cut across sectors as all the sub-indices finished in the red.
Tata Motors, Asian Paints, Hero MotoCorp and Sun Pharma scrips bled the most during the day.

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Sensex gained 610 points to record; Shall the market set up new records ?

Sensex gained 610 points to record its biggest gain in intra-day trade since March 2016. The surge in the market came as a result of a combination of factors in the global as well as domestic markets FMCG and metal stocks led the rally. NEW DELHI: Equity markets on Monday turned encouragingly buoyant as Sensex posted its biggest gain in intra-day trade since March 2016. The BSE index gained 610.80 points to close at 33,917.94, while the broader 50-share NSE Nifty went up by 197.05 points to finish trading at 10,423.90. Both the benchmark indices gained 2 per cent during the day. The surge in the market came as a result of a combination of factors in the global as well as domestic markets. The investors factored in a favourable showing in the inflation and factory output data, slated to be released later in the day. On the other hand, global markets rallied after the US data indicated that non-farm payrolls jumped from last month, but annual growth in average hourly earnings slowed after a spike in January, easing fears of inflation. Analysts said that the six-day losing streak that had gripped the markets last week, facilitated investors to indulge in some lo-level buying. On Monday, the markets had started trading on a positive note with Sensex recording a jump of more than 300 points. As the day progressed, the gains got extended with the FMCG and metal stocks leading the rally. The respective sectoral sub-indices gained more than 2.50 per cent each. State-run bank stocks however, were still struggling with the Nifty PSU Bank index actually closing with a loss of half a per cent even amid the bull run.

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