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

Economy

Darjeeling Tea, Tirupati Laddu, Kangra Paintings, Nagpur Orange and Kashmir Pashmina are among the registered GIs in India.

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.

As growth crawls, cars in for a tough year ahead

In March, PV sales continued to decline by 2.96 per cent to 2,91,806 units as against 3,00,722 units sold in the year-ago month.

Next-gen SUV borrows design cues from the flagship Palisade. India-spec SUV is likely to spawn a 7-seater version as well.

2020 Hyundai Creta showcased at Shanghai Motor Show

Expected to launch early next year, the next-gen Creta is likely to be offered as a 5- and a 7-seater

JLR had announced back in January that it would have an additional week of halting production of its luxury vehicles amid Brexit uncertainties just before a scheduled Easter break for workers. (Photo: File | Twitter)

As JLR halts production, campaign for second Brexit vote intensifies

JLR CEO Ralf Speth has made a number of interventions to call on the UK government for more certainty over Brexit.

Renault is developing a sub-4 metre SUV for India. Codenamed the HBC, it will rival the Vitara Brezza.

Renault looking to revive fortunes in India with a sub-4 metre SUV

The sub-4 metre SUV will be launched after the upcoming Triber.

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)

Rs 13-cr GST fraud busted after multi-city raids by UP STF, sales tax dept

According to officials, the accused firms, RoundPay Techno Media and RoundPay Voice Tech, were both registered at same address in Lucknow.

At every stage of the claim processing timely notifications shall be sent to policyholder or claimant.

From July, policyholders can track progress of claims

Insurers have to update claimants of processing status.

 In contrast, during the same period, mutual fund charges to the customer typically are at around 2 to 3 per cent.

Never surrender your Ulip policy within five years

The 10-year plan has an annual premium of Rs 1 lakh and the policy has completed three years.

In 2018-19, Government e-Marketplace (GeM) touched Rs 17,325 crore mark in terms of value of transactions as compared to Rs 5,885 crore. (Representational Image)

Govt eyeing Rs 50,000-cr of public procurement through GeM in FY'20

Public procurement of the Central and State governments runs into over Rs 2 lakh crore annually.

E-commerce platforms, including Amazon and Flipkart, have been spending huge money to develop online channel sales of smartphones.

Resellers make hay during flash sales

Resellers are grabbing around 45% of online sales of smart-phones.