Business
Mumbai-Dehradun Jet flight diverted to Chandigarh for technical reason Mumbai-Dehradun Jet flight diverted to Chandigarh for technical reason


New Delhi, A Mumbai-Dehradun Jet Airways flight was diverted to Chandigarh on Saturday morning due to "technical reason".

"Jet Airways flight 9W 703 from Mumbai to Dehradun was diverted to Chandigarh and has landed safely. The diversion was necessitated due to a technical reason and as per the procedure," the spokesperson said.

The airline spokesperson said the incident is under investigation and has been reported to authorities. An alternate aircraft was arranged for guests with a revised departure time for their destination.

Sensex tanks 425 points, Nifty below 11,000 Sensex tanks 425 points, Nifty below 11,000

 

Mumbai, Both Sensex and Nifty ended over 1 per cent lower on Friday following a steep decline in auto stocks led by Tata Motors and broadly negative global cues.

Heavy selling was witnessed in the auto stocks which fell over 3.37 per cent lower, and the banking and finance counter ended lower.

Globally, investors reacted negatively after US President Donald Trump said he would not meet his Chinese counterpart Xi Jinping ahead of a trade deal deadline on March 2, when American tariffs on Chinese products are slated to increase.

Last hour rebound lift equity indices, Sensex ends 113 pts up Last hour rebound lift equity indices, Sensex ends 113 pts up

 

Mumbai, Amidst fears over fiscal slippage, the Indian equity market made gains on Monday as buying picked up in the last hour of the day's trade.

According to analysts, healthy buying in specific stocks along with expectations over lowering of interest rate and major Interim Budget announcements like farm package and enhancement of tax rebate limit guided the equity indices.

Ravneet Singh Gill to be Yes Bank MD, CEO Ravneet Singh Gill to be Yes Bank MD, CEO



Mumbai, Deutsche Bank India CEO Ravneet Singh Gill has been named the new MD and CEO of Yes Bank with effect from March 1.

The Reserve Bank of India (RBI) gave its approval to replace current MD and CEO Rana Kapoor, whose term ends on January 31, with Gill, Yes Bank said in a regulatory filing after its Board meeting on Thursday.

"The Bank has received RBI approval for its new MD and CEO," it said.

China's economic growth rate slowest since 1990 China's economic growth rate slowest since 1990



Beijing, China's economy grew 6.6 per cent in 2018, the weakest annual performance since 1990, confirming a slowdown in the world's second-largest economy that could threaten global growth, according to official data on Monday.

China's growth in 2018 was down from 6.8 per cent growth in 2017.

The country's economy grew 6.4 per cent in the fourth quarter from a year earlier, levels last seen in early 2009 at the height of the global financial crisis.

Reliance Jio Q3 standalone net profit up 65% Reliance Jio Q3 standalone net profit up 65%



Mumbai, Telecom major Reliance Jio Infocomm on Thursday reported a 65 per cent increase in its standalone net profit for the October-December 2018 period.

Its standalone net profit stood at Rs 831 crore in the third quarter of the financial year 2018-19, against Rs 504 crore reported in October-December 2017-18, the company said in a statement.

Wave Estate invests Rs 200 cr to bring affordable housing in Mohali Wave Estate invests Rs 200 cr to bring affordable housing in Mohali



Chandigarh After 100 per cent sale out of Dream Homes at Wave City in Ghaziabad, Wave Infratech on Monday said it has invested Rs 200 crore to bring the same economical housing under Wave Estate for the real estate market of Punjab.

"Posed picturesquely at the foothills of the Shivalik Range, Wave Estate is a distinguished address located advantageously at the heart of Mohali in Sectors 85 and 99," the real estate company said in a statement.

After India, Musk finds fault with Singapore After India, Musk finds fault with Singapore



New Delhi, Beginning his Twitter tirade in New Year, Tesla founder and CEO Elon Musk has criticized Singapore, saying the government there has been "unwelcome" to his electric car plans for the city state.

Responding to one of his follower's question on why Tesla was not yet in Singapore, Musk tweeted late Thursday: "Government has been unwelcome."

Sensex, Nifty open flat; financials in red Sensex, Nifty open flat; financials in red


Mumbai, Key Indian equity indices opened flat on Tuesday as index pivotals -- finance and banking stocks -- witnessed selling pressure.

However, oil and gas sector gained.

The S&P BSE Sensex opened at 36,161.80 from its previous close of 36,068.33 on Monday. At 9.25 a.m., the Sensex traded 64.82 points or 0.18 per cent lower at 36,003.51.

US stocks close mixed as volatility continues; dollar retreats US stocks close mixed as volatility continues; dollar retreats



New York, US stocks ended mixed in another wild trading session as volatility continued to rattle investors amid economic data.

The Dow Jones Industrial Average on Friday fell 76.42 points, or 0.33 per cent, to 23,062.40. The S&P 500 was down 3.09 points, or 0.12 per cent, to 2,485.74, Xinhua news agency reported.

The Nasdaq Composite Index was up 5.03 points, or 0.08 per cent, to 6,584.52.

Seven of the 11 primary S&P 500 sectors closed lower, as losses in energy and materials outweighed gains in consumer discretionary and real estate.

5G-enabled, foldable smartphones became a reality 5G-enabled, foldable smartphones became a reality


New Delhi, As smartphones went through a couple of noticeable innovations in the hardware department in 2018 -- especially Artificial Intelligence (AI)-driven cameras and improved battery -- the rise of 5G-ready and foldable devices stole the limelight.

While players like Huawei, LG, Motorola and Apple secured patents on foldable devices, South Korean giant Samsung took a definitive lead, showcasing a real one in November when Justin Dennison, Senior Vice President of Mobile Marketing, took out a foldable smartphone from his jacket at a New York event.

India needs solid digital strategy to succeed in data age: Seagate India needs solid digital strategy to succeed in data age: Seagate



New Delhi, As India accelerates in its journey towards digital transformation, there will inevitably be a data deluge and the country needs to devise a solid strategy to succeed in the data age, a top executive from global data storage company Seagate Technology said here on Thursday.

NSE gets SEBI nod for weekly options trading NSE gets SEBI nod for weekly options trading



Mumbai, The National Stock Exchange (NSE) on Tuesday said it has received security market regulator SEBI's approval to start weekly options contracts on the Nifty50 index.

The weekly options will have seven consecutive weekly expiry contracts, excluding the week where monthly contracts expire, the NSE said in a statement.

Sensex extends 5th straight session's gains, up 250 points Sensex extends 5th straight session's gains, up 250 points


Mumbai, The key equity indices extended its fifth straight session of gains as Sensex advanced over 250 points and the Nifty traded over 10,850 on Monday.

Finance stocks, the index pivotal, traded higher. Oil and gas metal, power and energy stocks gained over 1 per cent.

At 1.28 p.m., the Sensex traded 255.46 points higher at 36,218.39 points and the Nifty50 traded 61.60 points higher at 10,867.05 points, from the previous close

Sensex jumps 629 points, Nifty settles above 10,700 Sensex tanks 572 points over oil output cut fears, weak rupee China agrees to reduce tariffs on US cars: Trump Petrol pumps bonanza: Angry dealers to move court 190 countries to participate in Expo 2020 Dubai Sensex continues its losing streak, falls 800 points in three days 50% ATMs in India may shut down by March: CATMi Swiggy to engage 2,000 women for food delivery Sensex jumps 760 points to reclaim 34,000-mark GST likely to have 3-rate structure in future: Bibek Debroy Sensex down 300 points over weak macro, negative global cues Tesla launches new 'Model 3' with mid-range battery Petrol, diesel prices down for the first time since relief measures ASUS unveils 2 smartphones in India Nokia, BSNL partner to create 5G ecosystem in India Mumbai bank loses Rs 143 cr in cyber fraud Sensex falls 760 points amid global sell-off, weak rupee Nine killed in SAIL factory blast Rupee closes at fresh low of 74.07 to USD RBI holds repo rate, but changes stance to 'calibrated tightening' RBI may hike repo rate by 25 bps on Friday Air India revival package to be ready soon: Minister Sensex sheds 218 points, Nifty below 11,000-mark Indian businesses worried over data privacy, cyber security: Dell survey India has potential to triple its trade with South Asia: World Bank No. 1 Co working space in Indore PuREnergy set to launch affordable lithium batteries in India Rupee crashes further, hits 72.67 per dollar Need to move towards electric mobility: Minister Rupee slips to a new low; touches 71.79/$