Category: Business News

Jet Airways shares continue downward trend; tank 15 pc

New Delhi, Jun 14: Shares of Jet Airways further plunged nearly 15 per cent on Friday after stock exchanges decided to impose restrictions on its stock trading from June 28 earlier this week. The scrip tumbled 13.37 per cent to Rs 79.65 — its multi-year low — on the […]

Sensex falls over 100 pts; Yes Bank tanks 9 pc

Mumbai, Jun 13: Domestic equity benchmark BSE Sensex fell over 100 points in early trade Thursday amid heavy foreign fund outflow and negative global cues. The 30-share index was trading 130.35 points, or 0.33 per cent, lower at 39,626.46 at 0940 hours. Similarly, the broader NSE Nifty was quoting […]

India withdraws export incentive for onion as prices jump

MUMBAI – India withdrew 10% export incentives on onion, the government said in a statement on Tuesday, as prices of the bulb jumped 47% in a month due to dwindling supplies. The south Asian country had doubled export incentives for onion in December following steep drop in prices […]

Exclusive: India to order taxi aggregators like Uber, Ola to go electric – documents

NEW DELHI – India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility. Uber and Ola, both backed by […]

Nifty, Sensex edge lower over global recession fears

Indian shares inched lower on Wednesday, dragged down by State Bank of India and Zee Entertainment Enterprises Ltd, amid lingering concerns about a global economic slowdown. The broader Nifty was down 0.026% at 11,896.40 as of 0450 GMT, while the benchmark Sensex was trading 0.26% lower at 39,646.18. […]

Sensex vaults 1,422 pts as exit polls predict NDA win

Mumbai, May 20: Benchmark Sensex zoomed over 1,422 points and the NSE Nifty surged 421 points after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections.  The 30-share index ended 1,421.90 points, or 3.75 per cent, […]

Bajaj Finance shares continue to gain; jump 6 pc post earnings

New Delhi, May 17: Shares of Bajaj Finance registered gains for the second straight day Friday, rising 6 per cent, after the company reported 50 per cent jump in net profit for March 2019 quarter. The scrip gained 6.09 per cent to close at Rs 3,301.20 on the BSE. […]

Will seriously consider any partnership proposal from Indian carriers: Qatar Airways

New Delhi, May 17: Qatar Airways, which has sought additional seat capacity on temporary basis for its flights from Indian cities to Doha, has said it will “seriously” consider any proposal for partnership from Indian carriers. The blockade on Qatar and withdrawal of 28 weekly between Doha and cities […]

Boeing says 737 MAX software is complete

New York, May 17: Boeing said Thursday that it completed its software update on the 737 MAX after two deadly crashes resulted in a global grounding of the aircraft. The proposed fix, which addresses a problem with a flight handling system thought to be a factor in both crashes, […]

As PMO wants quick disinvestment of its subsidiaries, AI asked to prepare FY19 financials

New Delhi, May 11: The civil aviation ministry has told Air India that it should prepare 2018-19 financials for itself and its subsidiaries by end of June as the Prime Minister’s Office (PMO) has decided to speed up the disinvestment process of three of its wings, according to an […]

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