Business

The Bharatiya Janata Party (BJP) has won over 300 seats on its own out of 542 seats in the Lok Sabha elections — the first back-to-back majority for a single party since 1984.

Shares of HPCL jumped as much as 6.3% in intraday trade on Friday, while those of BPCL and IOC rose 3.8% and 3.7%, respectively.

Most Indian tax payers are looking forward to promises of tax rebates by the NDA made during the interim budget on February 1 this year.

According to experts, investor sentiment turned positive this week after most exit polls forecast a win for the Narendra Modi-led NDA. The results of the seven-phased polls will come out on Thursday.

In a statement, the Hinduja Group said that it is evaluating opportunities to invest in Jet Airways. The stock gained 8.61 per cent to Rs 163.85, on the NSE.

Jet Airways, once the biggest private carrier in the country, owes vast sums to its lessors, employees, fuel suppliers and other parties. It stopped all flights from April 17 after its lenders refused to give it any more funds to keep the carrier flying.

The Nifty had hit a record high of 11,883 on May 21. Final results will dictate the near term trend for the markets.

The shares of Bajaj Auto opened at Rs 3,071, but lost ground and touched Rs 2,953.95, down 2.88 per cent over its previous close of Rs 3,041.80.

CEO of InterGlobe Aviation Ronojoy Dutta sent the letter after various media reports alleged disagreements between the airline's two promoters — Rahul Bhatia and Rakesh Gangwal.

Panasonic has divided its energy space business into two segments -- energy storage and mobility solutions.

The DHFL stock was trading at Rs 115.90, down 0.6%, at 2:05pm on BSE.

The 30-share index was trading 107.81 points, or 0.28 per cent, higher at 39,089.24. Similarly, the NSE Nifty up 22.45 points, or 0.91 per cent, at 11,747.20.

Representatives of nine homebuyers' associations of Jaypee Infratech's housing projects in Noida, Uttar Pradesh, said that Jaypee group promoters are interfering in the insolvency proceedings to regain control over the troubled realty firm.

BSNL Director (Consumer Fixed Access) Vivek Banzal said this is the first such FTTH (fibre-to-the-home) service deployment in Kashmir.

Sebi has been probing alleged lapses in high-frequency trading offered through NSE's co-location facility.

Total income rose to Rs 13,823.33 crore during the latest quarter, up from Rs 10,874.12 crore in the year-ago period, the bank said in a regulatory filing.