Business
Sensex Recovers 77 Points; Nifty Inches Closer to 11,400 on Positive Asian Cues
Major gainers that supported the recovery were ONGC, Coal India, Reliance Industries, IndusInd Bank, Tata Steel, Vedanta Ltd, Yes Bank, Tata Motors, ICICI Bank, SBI, Kotak Bank, Sun Pharma, Bajaj Finance, Axis Bank, L&T and Maruti Suzuki, gaining up to 1....
Cash-strapped Jet Airways Suspends Services to 13 International Routes Till April-end
Gasping for funds and no bailout on the horizon, the Naresh Goyal-controlled airline has now reduced its operations to one-fourth from over 600 daily flights earlier, with just one-third of its 119 fleet being operational.
Sensex Rises for 8th Session, Ends Marginally Higher
The 30-share index began the session on a firm note at 38,433.86 and rallied to hit the session's high of 38,489.81 on steady inflow of buying by foreign funds as well as retail investors.
L&T, Mindtree Shares Slip After 'Hostile Bid' for IT Firm
L&T said it would buy a 20.32 percent stake in Mindtree from coffee baron V.G. Siddhartha and companies related to him - Coffee Day Enterprises and Coffee Day Trading.
Flyers Stranded as SpiceJet Cancels 14 Flights After DGCA Bans Boeing 737 Max 8 Aircraft
A senior official of the Directorate General of Civil Aviation (DGCA) on Wednesday said all Boeing 737 Max 8 aircraft would be grounded in India by 4pm.
Rupee Rises by 8 Paise to 69.63 Against Dollar in Early Trade
Selling of the American currency by exporters, a positive opening in domestic equities and fresh foreign fund inflows is said to have supported the rupee.
Sensex Soars Over 300 Points, Nifty Above 11,250 Mark; Airtel, IndusInd Bank Trading in Red
Top gainers in early trade include PowerGrid, NTPC, RIL, L&T, ICICI Bank, Tata Motors, HCL Tech and Vedanta, rising over 2.60 per cent.
Agriculture Minister Seeks Farmers' Views to Improve Sector in Next 5 Years
The objective behind this exercise is to ascertain what farmers wish from the government in the next five years and ensure the agriculture sector improves, Agriculture Minister Radha Mohan Singh said.
Disappointed With Quick Regulatory Changes in India, But We Are Moving Forward: Walmart
The government last month barred online marketplaces like Flipkart and Amazon from selling products of companies where they hold stakes and banned exclusive marketing arrangements that could influence product prices.
Rupee Spurts 43 Paise to Close at 70.49 Against US Dollar
Sentiments in the forex market also got a boost from the positive macro data. The country's services sector activity gathered momentum in February, and rose from 52.2 in January to 52.5 in February, indicating an upturn in output.
India's Average Salary Hike Expected to be Marginally Higher than Last Year at 9.7 Percent: Aon Hewitt Report
Continuing the trend, India continues to lead the Asia-Pacific region. Russia is expected to dole out a salary raise of 7.2 per cent, South Africa 6.7 per cent, Brazil 5.8 per cent, the US 3.1 per cent, Australia 3 per cent and UK 2.9 per cent.
RBI Slaps Rs 1 Crore Fine on Yes Bank For Non-Compliance in Swift Operations
After the Punjab National fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kinds of transactions. On Monday, RBI had imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of Ind...
Sensex Slips Over 50 Points in Early Trade on Weak Global Cues
The 30-share BSE index was trading lower by 0.14 per cent, or 50.71 points, at 36,013.10 in the opening trade. The broader NSE Nifty was also quoted down by 0.13 per cent, or 14.60 points, at 10,848.90.
Debt Recast Plan Includes Board Composition, Says Jet Airways
Its shareholders have also approved conversion of loan into shares and other proposals during the extraordinary general meeting on February 21.
Sensex Soars 265 Points as New F&O Series Opens Strong
The gauge had lost over 346 points in the previous three sessions due to geopolitical tensions between India and Pakistan.
Rupee Slips 14 Paise Against US Dollar in Early Trade
The rupee rebounded by 52 paise to close at 70.72 against the US dollar on Thursday as sentiments revived on signs of de-escalation of tensions between India and Pakistan.
