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RBI moves in to control spurt in bond yields
The Reserve Bank of India (RBI) stepped in this evening to soothe market sentiments after the government’s intention to borrow over Rs 4,00,000 crore during the current financial year pushed up bond yields.

Wipro looks to reduce its carbon footprints
IT giant Wipro Limited, as part of its energy efficiency initiatives, is planning to reduce the carbon footprints from the present 3.96 tonne per employee to 2.5 tonne in the next five to seven years, said Laxman K Badiga, chief information officer of the company.

News of the day

Exempt service tax on power transmission: Gujarat Minister
The Gujarat government has requested the Union Finance ministry to exempt electricity transmission from service tax and keep transmission charges outside the purview of TDS, a senior state minister said.
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FIIs net sellers Rs 185cr in F&O on Tuesday

The Foreign Institutional Investors (FIIs) were net sellers of Rs 184.85 crore in futures and options segments on Tuesday. - FII-TO-FII TRADES: PNB traded at 7% premium - FIIs net buy Rs 170cr, DIIs net sell Rs 147cr - FinMin sets up body to review portfolio investment policies - FIIs net buyers Rs 394cr in F&O on Monday - FIIs net sell Rs 168cr, DIIs net buy Rs 132cr - High carryover and potential for breakouts According to the data released by the NSE, FIIs were sellers of index futures to the tune of Rs 250.25 crore and bought index options worth Rs 103.74 crore. They were net buyers of stock futures to the tune of Rs 78.10 crore while sold stock options worth Rs 116.45 crore


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