Sensex recovers 77 points in early trade; Nifty inches closer to 11,400 on positive Asian cues
Rupee rises 15 paise to 68.81 against US dollar in early trade
Vijay Mallya lashes out at public sector banks for 'double standards' after Jet Airways bailout
No sacrifice too big to safeguard interest of Jet Airways: Naresh Goyal on stepping down
The news of Goyals' departure from Jet Airways has had a favorable response in the share market. In afternoon trade, shares of Jet Airways rose nearly 15 per cent to Rs 261 on the BSE.
Observing that FinTech has the potential to reshape the financial services and financial inclusion landscape in India in fundamental ways, he said, it can reduce costs and improve access and quality of financial services.
On the prices front, the report said, reversal in food prices that have remained unusually low are likely to push up inflation.
India has made significant strides to improve energy access in recent years, and currently scores well in the area of regulation and political commitment towards energy transition," the WEF said.
The Nifty of the National Stock Exchange (NSE) opened at 11,395.65 after closing at 11,456.90 on Friday.
On Friday, the rupee had ended lower by 12 paise at 68.95 against the American currency on rise in demand for the greenback from importers and sell-off in domestic equities.
Snapping its eight-day winning streak, the BSE benchmark Sensex declined by over 222 points on Friday to end at 38,164.61 as investors booked profits after Fitch Ratings cut India's growth forecast.
The funds raised will be utilised for deploying in long-term assets by the bank's foreign branches.
Bagchi informed the employees that he had quit from his current position as the Chairman of Odisha Skill Development Authority and has rejoined Mindtree.
According to the latest data by Society of Indian Automobile Manufacturers (SIAM), Alto had sold 19,941 units in February last year.
The Sensex of the BSE opened at 38,452.47 from its previous close at 38,386.75 on Wednesday.
The rupee opened at 68.60 at the interbank forex market, then gained further ground and touched 68.57, displaying gains of 6 paise over its last close.
According to the bank, the position would require creating scenarios, alerts and parameters for ongoing anti-money laundering monitoring of trade finance transactions.
The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of controlling 51 per cent stake to insurance behemoth LIC from the government of India.
Continuing its upward journey for the eighth consecutive session, market benchmark BSE Sensex ended marginally higher on Wednesday, following gains in Infosys, HDFC twins and L&T amid uninterrupted capital inflows by foreign funds.
The issue price of Rs 12.50 per equity share (including a premium of Rs 2.50 per equity share) is at a massive 61 per cent discount to the previous closing of Rs 32 per share.
The 30-share Sensex was trading 80.70 points, or 0.21 per cent, higher at 38,444.17. The gauge had gained nearly 1,500 points in the previous seven sessions.
Infrastructure major Larsen and Toubro on Tuesday moved in to allay concerns over its Rs 10,800-crore bid to take over IT services firm MindTree, whose management strongly objected to the proposal calling it "value destructive" and "grave threat" to the company's future.
The UK government admitted on Tuesday that India is not the first tier country for post-Brexit free trade agreement (FTA) and a lot more work would be required before Britain can start negotiating such a deal with India.
More than 200 pilots marched to Jet Airways' headquarters here after the meeting, which was held at a nearby hotel.
Before joining Fortis, Raghuvanshi was working with Narayana Health as Vice Chairman, Managing Director and Group CEO
The membership would help SpiceJet, which has ambitious expansion plans, to have codeshares and agreements with other carriers, the domestic airline said in a statement on Tuesday.
Benchmark equity indices continued their winning run for the seventh consecutive session on Tuesday closing at an over six-month high led by gains in index heavyweights like ITC, RIL and Infosys amid positive domestic cues and sustained foreign fund inflow.
Choksi, who currently lives in the Carribean Islands and is evading Indian investigators, had declared bankruptcy in August, last year.
In the last meeting, the Council slashed tax rates for under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1.
The airline's aircraft maintenance engineers' union wrote to the aviation regulator on Tuesday that three months of salary was overdue to them and flight safety "is at risk".
The 30-share index was trading 73.35 points, or 0.19 per cent, higher to 38,168.42. The gauge had gained over 1,420 points in the previous six sessions.
Under the partnership, the three companies will also aim to develop electric vehicles (EVs) and charging infrastructure customised for Indian market, the companies said in joint statement on Tuesday.
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