Top 3 business stories on Sept 16: Sensex rallies over 258 points, Nifty recaptures 8,000 mark

Building on gains for the third straight session, the benchmark Sensex surged over 258 points and the NSE Nifty recaptured the 8,800-mark in early trade on Friday on sustained buying by participants and foreign fund inflows amid positive global cues.

The 30-share index, which had gained 59.35 points in the previous two sessions, was up 258.59 points or 0.91 per cent at 28,671.48 with all sectoral indices led by auto and banking trading in green, rising by up to 1.64 per cent.

Also Read: India down to 112th spot on World Economic Freedom Index

New Delhi :  

India has slipped by 10 positions to 112th, out of 159 countries and territories, as it “fared badly” across categories including legal system and regulation, according to the Economic Freedom of the World: 2016 Annual Report.

Although China, Bangladesh and Pakistan lagged behind India at 113th, 121st and 133th ranks respectively, Bhutan (78), Nepal (108) and Sri Lanka (111) were better placed on the World Economic Freedom Index.

Also Read: TATA AIG, Paytm to offer health insurance to cab and auto drivers

New Delhi :  

Tata AIG General Insurance and mobile payments firm Paytm have entered into an agreement to provide cab and auto drivers health insurance plans. This tie-up will enable cab and auto drivers, who are using Paytm’s digital wallet, to avail cashless health insurance through Tata AIG General Insurance, the private insurer said in a release issued. 

Tata AIG General Insurance has designed cashless insurance scheme, as required by Paytm, to provide drivers, quality medical care as per their need and budget.