<br>Nestle share price hit by Maggi noodles ban, sinks 9%</br> Shares of <a href="https://www.financialexpress.com/stock-market/100790/"><font color="#FFD800"><b>Nestle India Ltd</b></font></a> tumbled 9 per cent today, wiping-out Rs 5,942 crore from its market valuation, amid growing concerns about safety standards of its popular Maggi noodles brand. After falling 11.86 per cent to Rs 6,000 in intra-day trade, shares of Nestle finally settled at Rs 6,191.10, down 9.05 per cent from its previous close on the BSE. On the NSE, it tanked 9 per cent to end at Rs 6,186.95. The company's market valuation declined by Rs 5,942 crore to Rs 59,691.93 crore. (03/06/2015) -
Mark Mobius, Executive Chairman of the Franklin Templeton Emerging Markets Group, says that while the big caps are expensive, but small caps are interesting in India. (Image: Reuters)
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<br>BoM contributes Rs 1.25 cr towards Swatch Bharat Kosh</br> State-owned Bank of Maharashtra today gave Rs 1.25 crore as CSR contribution under Swatch Bharat Kosh and Prime Minister Relief Fund. The cheque was handed over to Finance Minister Arun Jaitley by BoM Chairman and Managing Director Sushil Muhnot and Executive Director R K Gupta. The bank in the recent past had donated Rs 25 lakh for mentally and physically challenged children. (Courtesy: BoM) (03/06/2015) 
<br>Manappuram Finance ties with Tata Tele's mRUPEE</br> Manappuram Finance has tied up with Tata Teleservices MMP Mobi Wallet Payment Systems for online and physical repayment option to its customers. The tie-up will provide greater payment convenience to Manappuram's customers by enabling access to mRUPEE outlets and also to over 2 lakh Tata Docomo outlets in the country over a period, Manappuram Finance said in a release today. "As gold loans move up the value chain from a distress to a lifestyle product, the convenience factor will become more critical. "mRUPEE is a fitting choice for us for its large distribution channel, secured network and high customer value," V P Nandakumar, MD & CEO of Manappuram Finance said. (Courtesy: Manappuram) (03/06/2015) 
<br>Goibibo sees 57% of hotel bookings via mobiles</br> Online travel portal Goibibo today said 57 per cent of its total hotel bookings are made through mobile devices. As per the survey, 70 per cent bookings are made via Android, followed by iOS at a 20 per cent, Windows OS at 3 per cent and mobile web at 7 per cent. "Almost 40 per cent of booking for hotels on goibibo are last minute and same day check in. The second trend is that 80 per cent of bookings are for long tail of hotels/low cost hotels," the survey said. (Courtesy: Goibibo) (03/06/2015) 
<br>Sony Six to launch Hindi feed for Total Non-Stop Action</br> Sports and entertainment channel Sony Six today said it will launch Hindi feed for its wrestling entertainment property Total Non-stop Action (TNA) from June 6. This announcement also marks a significant investment by Sony Six towards the growth of wrestling programming across the Indian market, the channel said in a statement. The announcement comes as a major development in response to the growing popularity of Mahabali Shera, the first-ever Indian wrestler on TNA, it added. (Courtesy: Sony Six) (03/06/2015) 
<br>Services sector contracts for first time in 13 months: HSBC</br> Services sector contracted for the first time in 13 months in May as orders turned sluggish and companies raised prices, an HSBC survey showed today, raising fresh concerns about the real economic growth at ground level. A composite HSBC index for the manufacturing and services sectors also fell in May to the lowest level in seven months. The data comes at a time when concerns are being raised in various quarters about the economic recovery process and forecast of deficient monsoon is resulting in renewed fears about inflation and on other macroeconomic fronts. RBI Governor Raghuram Rajan also yesterday said that growth at ground level may be weaker than what is being suggested by the higher headline GDP numbers. The HSBC India Services Business Activity Index, which tracks changes in activity at service companies, fell to 49.6 in May, from 52.4 in April as output prices in the private sector rose further with the rate of inflation being the highest in 13 months. The index went below the crucial 50 mark, which separates growth from contraction, for the first time in 13 months. (Reuters) (03/06/2015) -
Domestic equity indices BSE Sensex and NSE Nifty are set to open higher on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues. (Photo: Reuters)
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MSI had initially planned to set up a new plant in Gujarat, its third, to meet the growing demand. However, in January last year, parent Suzuki Motor Corporation announced it would invest USD 488 million to build the Gujarat plant. (Reuters)
