Business
Sensex Rallies 490 Points; Nifty Reclaims 11,700-mark
The broader NSE Nifty too climbed 150.20 points, or 1.30 per cent, to close at 11,726.15. It hit an intra-day high of 11,740.85.
Know the Banks That Lent Money to Jet Airways
As lenders struggle to keep Jet Airways afloat, let’s take a look at the financiers of the airline that are likely to take a hit on their balance sheet if the airline goes down.
SpiceJet to Launch 24 New Flights Connecting Mumbai and Delhi, Induct Six More Boeing 737 Planes
Mumbai was one of the two main bases of Jet Airways before it temporarily halted operations on Wednesday.
Rupee Rises 15 Paise to 69.45 Against US Dollar in Early Trade
The rupee opened at 69.48 at the interbank forex market, then gained further ground and touched a high of 69.45. The local unit, however, pared some gains and was quoted at 69.52 against the American currency at 0953 hrs, displaying gains of 8 paise over...
Wipro Approves Rs 10,500 Crore Buyback Plan, to Repurchase 32.3 Crore Shares
This is Wipro's third buyback programme. It had undertaken a Rs 2,500 crore programme in 2016, and another Rs 11,000 crore buyback offer in November-December 2017.
Bank of Baroda to Hire Consultancy Firm to Evaluate Board Performance
Bank of Baroda (BoB) seeks to appoint an advisory firm for 'Review of Board Evaluation', the public sector bank said in a request for proposal (RFP) document.
Retail Inflation Inches up to 2.86% in March, Industrial Output Growth Stays Flat
The rate of price rise was also higher in 'fuel and light' category. The inflation in the segment rose to 2.42 per cent as against 1.24 per cent in February.
SpiceJet Shares Zoom Over 9% on Plans to Induct 16 Boeing 737-800 NG Aircraft
On the traded volume front, 59.71 lakh shares were traded on the BSE during the morning trade.
India to be Third Largest Economy by 2030, Says Jaitley
Talking about avenues of growth for the next 20 years, finance minister Arun Jaitley listed infrastructure creation, rural expansion and gender parity, among others.
No End to Boeing's Woes as Aerospace Giant Cuts 737 Production Rate by 10 Planes Per Month
The aerospace giant plans to trim production to 42 planes per month, down from 52 per month, starting in mid-April.
Woes Deepen for Jet Airways as Lessor Avolon Seeks to de-Register Two Planes
Two subsidiaries of Dublin-based Avolon, one of the world's biggest aircraft lessors, applied to India's Directorate General of Civil Aviation (DGCA) to de-register two Boeing 737-800s
Boeing, Lockheed Martin in Race to Build 21st Century Aerospace Ecosystem in India
Boeing has offered to build the aerospace ecosystem for co-developing F/A-18 Super Hornet upgrades as part of the country's advanced medium combat aircraft (AMCA) programme, while Lockheed Martin has offered to shift its entire F-16 manufacturing base to...
Bank of Baroda Becomes Second Largest PSU Bank After SBI Post Merger
Post-amalgamation, the Bank of Baroda will have a 22 per cent market share in Gujarat and 8-10 per cent market share in Maharashtra, Karnataka, Rajasthan and Uttar Pradesh.
Sensex Pares Gains After Breaching 39,000-level, Rises By 0.51%
The 30-share gauge rallied over 400 points during the day to hit an all-time high of 39,115.57.
Mindtree Board Evaluating 'Several Options' to Stave off L&T Bid, Says Natarajan
L&T has acquired Cafe Coffee Day owner VG Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent shares from the open market.
Jet Airways Shares Rise After Government Official Rules Out Grounding More Planes
The airline has had to ground more than two-thirds of its fleet as it struggles to pay lenders, suppliers, pilots and leasing companies.
