Business News India | Get The Latest And Breaking Business News And Analysis From India And Abroad

Friday, Apr 19, 2019 | Last Update : 05:51 AM IST

Business

Negative moment seen in market

The latest study by ICRA on the Indian aviation industry suggests that the recent groundings of aircraft of the Indian aviation industry has already hit its total capacity hard, resulting in increased airfares and more inconvenience to the passengers, thereby affecting passenger traffic growth.

Jet’s grounding to hit aviation industry hard

Gold imports in value terms have been shrinking for the past few months except January.

Gold imports dip in FY19

The petrochemical business saw pre-tax profits jump by 24 per cent to Rs 7,975 crore on higher prices.

Reliance posts highest quarterly net profit in Q4

SBI plans to raise USD 2.5 billion from bonds

The partnership will allow SEFL and Bank of Baroda to collaborate, co-operate and widen their respective markets and customer base (Photo: Pixabay)

Srei finance arm ties up with BoB for infra loans

Jet Airways’ employees gather to appeal to the government to save their company, in New Delhi on Thursday. (Photo: AP)

Jet will fly again, say banks

A 25 basis points cut in interest rate announced earlier this month by the RBI.

Weakening domestic growth impulses prompted RBI for rate cut: Minutes of MPC meet

Retail business revenues surged 51.6 per cent to Rs 36,663 crore in Q4 and by 88.7 per cent to Rs 1,30,566 crore in 2018-19 fiscal.

Reliance Jio’s Q4 profit jumps 64 per cent to Rs 840cr

RIL revenue rose 19.4 per cent to Rs 154,110 crore.

Reliance Industries Q4 net jumps 9.8 pc to record Rs 10,362 cr

Reliance Jio alone added 77.93 lakh customers, taking its total subscriber base to 29.7 crore at the end of February. (Photo: AFP)

Jio, BSNL drive telecom subscriber growth to 120.5 cr in Feb

At the Interbank Foreign Exchange (forex) market, the domestic unit opened at 69.48. The local unit moved in a range of 69.61 to 69.33 before finally ending at 69.35, a rise of 25 paise over its previous close.

Rupee logs first gain in four days, recovers 25 paise against dollar

Once India’s largest private airline, Jet halted all flight operations indefinitely on Wednesday evening.

Grounded Jet Airways' shares sink, rivals race to grab airport slots

On the National Stock Exchange (NSE), RIL shares jumped 3.14 per cent to close at Rs 1,386.05 apiece.

RIL shares gain over 3 pc ahead of Q4 earnings

The broader NSE Nifty slipped 34.35 points, or 0.29 per cent, to 11,752.80.

Sensex slips from lifetime high on profit booking

14 products from different states receive GI tag so far this year

GI tag helps growers of these products get premium price as no other producer can misuse the name to market similar goods.

"Rupee continues to consolidate in a holiday-truncated week," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

Rupee drops 25 paise to close at 69.42 vs USD

At the Interbank Foreign Exchange, rupee opened at 69.07 a dollar and fell further to touch the day's low of 69.46.

"In FY18 and H1 FY19, securitisation contributed to only 18-20 percent of the overall disbursements. However, this number leapfrogged to 37 percent and estimated 50 percent in the third quartet of FY19 and Q4 FY19, respectively," Icra group head (structured finance ratings), Vibhor Mittal, said in a note.

NBFC-MFIs raise Rs 26,000 cr through securitisation in FY19

The securitisation route to raise funds increased to meet their growth targets in FY19, according to a report by rating agency Icra.

Spot gold was trading lower at USD 1,287.10 an ounce, while silver was down at USD 15.01 an ounce in New York. (Representational Image)

Gold falls by Rs 200 on muted demand, extends losses for 4th day

Sluggish demand from local jewellers and weak overseas cues weighed on the precious metal, said traders.

Inter-ministerial body Board of Approval (BoA), chaired by Commerce Secretary Anup Wadhawan, will take up this proposal for consideration in its meeting on April 22, the official said. (Representative Image)

BoA on special economic zones to consider FTWZ proposal on Apr 22

A free trade and warehousing zone is a special category of SEZ with focus on trading and warehousing activities.

Market

Both indexes finished higher for a fourth straight session.

Nifty, Sensex end at record close, financials lead

BSE Sensex closed up 0.95 per cent at 39,275.64, while the broader NSE Nifty ended 0.83 per cent higher at 11,787.15.

The Sensex surged 369 points to close at 39,276, while the Nifty ended at 11,787, up 96 points.

Nifty has entered uncharted territory

The Sensex hitting a new all-time high of 39,364, while Nifty surged to a fresh record high of 11,810.95 intra-day.

Traders said rise in demand from local jewellers led to the uptick in gold prices though a weak trend overseas capped the gains.

Gold snaps 4-day losing streak, gains Rs 170 on jewellers' buying

Gold is trading at Rs 32,790 per 10 gram in the national capital on increased buying from local jewellers.

The NSE Nifty was trading 96.25 points, or 0.82 per cent, up at 11,786.60.

Sensex gains 350 points, Nifty tops 11,800 mark

The 30-share index was trading 368.03 points or 0.95 per cent higher at 39,273.87.

Companies

For the fiscal ended March 31, 2019, Reliance Jio posted over 4-fold jump in net profit to Rs 2,964 crore compared to Rs 723 crore in the previous fiscal.

Reliance Jio Q4 net profit jumps 64 pc to Rs 840 crore

The operating revenue of Reliance Jio rose 55.8 per cent to Rs 11,106 crore during the reported quarter.

Jet Airways was finally grounded for now when its last flight, a Boeing 737.

Despite inconvenience, passengers say they miss Jet flights

The abrupt cancellation of the airline's services for the time being have left thousands of passengers stranded.

SpiceJet will add six more Boeing 737-800 NG aircraft on a dry lease, in addition to the sixteen 737s and five Bombardier Q400s it inducted recently. (Photo: PTI/Representational)

SpiceJet says taking measures to deal with capacity crunch

Shares of the company jumped as much as 15 per cent on news that Jet Airways had suspended its operations.

Tata Sons former chairman Ratan Tata. (Photo: AP)

Wadia's defamation case fallout of corporate dispute: Ratan Tata

After hearing brief arguments, the bench posted the petition for further hearing on June 10.

BSNL improved performance in download speed and the latency required for better mobile broadband experience.

Non-availability of 4G spectrum keeps BSNL behind its competitors: Report

The study found Bharti Airtel to be the fastest mobile network with an average download speed of 8.7 megabit per second.

Autos

For the PV segment, the recovery is likely to take place in the second half of FY20 on the back of automaker incentives for BS IV vehicles and consumers preponing their buying decision.

In Other News

The firms were involved in circular trading and had shown transactions worth Rs 72.7 crore between them, on which they claimed an input tax credit of Rs 13.09 crore at 18% GST, a senior official said. (Representational Image)

MOST POPULAR

1

2

3

4

5

Columns

Economy

Market

Companies

Autos

In Other News