Business
Yes Bank, Reliance Capital, Hero MotoCorp, Bank of Baroda Among Worst Hit Stocks Today
Yes Bank shares lost nearly 30% today after the lender reported a loss of Rs1,506 crore for the March quarter. It was the most actively traded stock on both BSE and NSE.
ICICI Prudential Life Shares Surge 4% After Income Doubles up in Q4 Results
ICICI Life saw its total premium rising by 14.3% from Rs27,069 crore to Rs30,930 crore in 2018-19.
Booked Your Flight to Sri Lanka? Cancel it for Free Before April 24
With two daily flights from Delhi to Colombo, and one Air India Express from Chennai to Colombo, Air India issued an advisory waiving cancellation and rescheduling charges for Colombo flights.
Panel to Review Approval of Boeing 737 Max Flight Controls by US FAA
The Boeing jetliner has been grounded around the world since mid-March after two crashes killed 346 people. Investigators are focusing on anti-stall software that pushed the planes' noses down based on erroneous sensor readings.
Lessors Rush to Repossess More Jet Airways Planes, Even as Emergency Funds Awaited
The moves come even as Jet scrambles to secure emergency funds and its lenders try to hurry through a sale process to identify an investor willing to acquire a majority stake in the airline and attempt to turn it around.
Rupee Slips 17 Paise to 69.59 Against US Dollar in Early Trade
The rupee opened at 69.55 at the interbank forex market, then lost further ground and fell to 69.59, down 17 paise over its last close.
Sensex Down by 11 Points, Nifty Turns Negative on Weak Global Cues
Top losers in the Sensex pack include TCS, HDCF duo, Hero MotoCorp, Maruti, HCL Tech, ITC, ICICI Bank and Vedanta, down up to 1.17 per cent.
India's Coal Import Rises 8 Per Cent to 212 Million Tonnes in April-February
This comes at a time when the government is looking at relaxing the timeline for the 1 billion tonne coal production target it had set earlier for Coal India, which accounts for over 80 per cent of the domestic coal output.
Competition Commission Gives Approval for L&T's Proposal to Acquire Mindtree Stakes
L&T has made an unsolicited offer to acquire majority stake in Mindtree and a committee of the IT firm's independent directors is looking into it.
Sensex Ends 192 Points Lower Post RBI Policy
TCS was the biggest loser in the Sensex pack, sliding 3.17 per cent, followed by HCL Tech, Yes Bank, IndusInd Bank, RIL, ICICI Bank, Infosys, Tata Steel, Kotak Bank and L&T, down up to 2.34 per cent.
Jet Airways Shares Fall as More Planes Grounded Over Unpaid Lessor Dues
The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.
Sensex Touches Record High of 39,000 on Day 1 of New Financial Year
On the Sensex chart, Vedanta, Tata Steel, Tata Motors, Mahindra and Mahindra and ICICI Bank led the rally.
NITI Aayog Doing Wonderful Work in Many Areas: VK Saraswat
Saraswat's comments come in the backdrop of Congress president Rahul Gandhi that if voted to power, his party would scrap the NITI Aayog.
No Word on Salary Dues Yet, Jet Pilots Threaten to go on Strike From Tomorrow
Jet Airways has not paid salary to pilots, aircraft maintenance engineers and senior management of past four months. The cash-strapped airlines has been grounded many planes and also defaulted on repayment of debt.
Tata Sets Foot in Airport Biz, Acquires Rs 8,000 Crore Stakes in GMR Infrastructure
GMR Infrastructure will hold a 54 percent stake and keep management control, while Tatas will hold about 20 percent, GIC 15 percent and SSG nearly 10 percent in GMR Airports Ltd after the investment.
PSBs Have Kept Public Interest in Mind, Says Arun Jaitley on Decision Regarding Jet Airways
The banks have kept public interest in mind, Jaitley further added, considering India needs more airlines and aircraft as the number of passengers communicating through flights is increasing.
