India Finance and Business news

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Facebook's Mark Zuckerberg admits mistakes, outlines fixes
Times of India NEW YORK: Breaking more than four days of silence, Facebook CEO Mark Zuckerberg admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a Trump-connected data-mining firm. Zuckerberg said today that Facebook ... ---

Commodity Corner: Navneet Damani’s views on the crude oil prices
Navneet Damani Navneet Damani of Motilal Oswal Commodities discusses with Manisha Gupta the current trend in commodities markets.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

LIC's unflinching love for PSU stocks leaves it with a Rs 20,000 crore headache
LIC's unflinching love for PSU stocks leaves it with a Rs 20,000 crore headacheThe biggest loss the insurer has suffered on any PSU stock this year is not the scam-hit PNB, but biggest state-owned lender SBI.

Sensex soars 248.28 points; Nifty above 10200
Mumbai: Market indices got off to a positive start on Wednesday morning backed by a positive lead from global peers.The BSE's Sensex saw a 248.28-point surge to 33,248.06, while the Nifty regained its 10,200 mark post an 64.9-point hike. The Nifty Bank rose one percent and public sector unit (PSU) Bank index saw a hike of two percent.Shares of Reliance Industries, L&T, HDFC Bank, Infosys and ICICI Bank gained up to 1.5 per cent, while those of Eicher Motors, Bharti Infratel, Tech Mahindra, Hero MotoCorp, and Wipro were trading in red.The Dow Jones Industrial Average rose 116.36 points to 24,727.27, the S&P 500 gained 4.02 points to 2,716.94 and the Nasdaq Composite added 20.06 points to 7,364.30.Meanwhile, the rupee opened marginally higher at Rs.65.19 against one US dollar in early trade, ahead of the Federal Reserve's policy decision today.

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.