Business

Budget carrier SpiceJet is in active talks with the planemaker Boeing on compensation for 737 MAX-related costs, co-founder and chairman Ajay Singh told the Reuters Global Markets Forum.

Agriculture and Farmers' Welfare Minister Narendra Singh Tomar held a meeting with Brazilian Minister for Agriculture, Livestock and Food Supply Tereza Cristina Correa da Costa Dias to discuss various bilateral trade opportunities, interests and issues.

After gyrating over 300 points in a volatile session, the 30-share BSE index settled 271.02 points, or 0.66 per cent, higher at 41,386.40. It hit an intra-day high of 41,413.96 and a low of 41,098.91.

Oil Minister Dharmendra Pradhan met visiting Brazilian Minister for Mines and Energy Bento Albuqueroque to review cooperation between the two countries.

According to the data, housing sales in Pune declined 9 per cent during October-December period to 15,453 units as compared with the year-ago period.

The previous best figure with operations in two blast furnace -- 5 and 1 -- was 11,504 tonnes, achieved on November 25 last year.

Kotak Bank was the top laggard in the Sensex pack, shedding up to 1.25 per cent, followed by Tata Steel, Hero MotoCorp, HDFC duo, PowerGrid and Titan.

Finance Minister Nirmala Sitharaman said she was impressed with the comments made by TATA Sons Ltd Chairman N Chandrashekharan who remarked that the government should trust people and its own citizens.

The Centre in 2017 had moved the National Company Law Tribunal (NCLT) seeking suspension of the existing board and restraining the alienation of company's assets.

Speaking at the foundation day of the Dedicated Freight Corridor Corporation of India Limited, Goyal said that it should make a commitment to its customers with a timetable for its freight trains.

The CEPA is a free trade agreement under which two trading partners significantly reduce or eliminate imports duties on maximum number of goods traded between them.

The Union trade and commerce minister said both the countries can expand their trade relations which in future may result in a preferential or a free trade agreement.

The Dow Jones Industrial Average gained 0.3 per cent to finish at 29,030.22, and the broad-based S&P 500 added 0.2 per cent to 3,289.30.

Bezos, who is currently visiting India, has come under investigations on multiple counts, including deep discounts and exclusive tie-up with preferred sellers in the country.

In an earlier circular during the day, the BSE had said the scheme will start from February 1, subject to approval, but the circular was later revised.

The United States on Monday removed the currency manipulator label it imposed on China last summer and forex traders believe it as a sign of easing tensions between the two economic powers after nearly two years of conflict.