Business

The latest indication of no rethink on foreign airline investment makes it clear that either the government is willing to go through the motions of another sale without being particularly concerned of its success or it has already identified a buyer for A...

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11.

TCS, HDFC, HUL, ICICI Bank and Kotak Mahindra Bank were the other bluechips which witnessed a rally in their market capitalisation (m-cap) for the week ended Friday, while Infosys, SBI and ITC suffered losses.

A government official said the power ministry had sent its recommendation to the environment ministry, which is in charge of enforcing the emission standards, for the power plants to be given new deadlines starting July 2020 and ending December 2021.

The 737 MAX has been grounded since March after an Ethiopian Airlines flight crashed, just five months after similar Lion Air crash. The two disasters killed 346.

The 30-share BSE index surged 634.61 points, or 1.55 per cent, to finish at 41,452.35. Similarly, the broader Nifty surged 190.55 points, or 1.58 per cent, to 12,215.90.

The security situation in the Middle East region is also tense because of Iran's missile strikes against two US military bases in Iraq on Wednesday.

According to analysts, domestic stocks followed global equities that plunged on increasing tensions in the Middle East after Iran launched missiles targeting US military bases in Iraq in retaliation for the killing of Iran's top general Qasem Soleimani.

A lawyer associated with the matter had said earlier that the appeal against the NCALT decision would be mentioned for early listing on reopening of the apex court after the winter break.

Bank of Baroda Ltd shares tumbled over 4% after the bank said it will consider fund raising via issue of capital debt instruments on January 8.

The company would focus on introducing smart range of products with artificial intelligence (AI) and internet of things (IoT) in the domestic market here, which would be the "basic infrastructure" of its offerings.

Recently, the budget carrier also became the first airline to operate 1,500 flights per day.

This is the second straight monthly increase in rates warranted due to firming up of prices in the international market.

After a meeting with bankers last Saturday, Finance Minister Nirmala Sitharaman had asked them not to charge MDR on payments via RuPay, UPI from January 1 with a view to driving digital payments.

At the interbank foreign exchange market, the rupee opened at 71.36 against the US dollar. During the day, the domestic unit saw a high of 71.30 and a low of 71.39.

According to 'SDG India Index 2019', Uttar Pradesh, Odisha and Sikkim have shown maximum improvement, but states like Gujarat have not shown any progress vis-a-vis 2018 rankings.