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Saturday, Jan 18, 2020 | Last Update : 11:45 PM IST

Business

Judge slashes USD 8 bn Risperdal award against J&J to USD 6.8 mn

The court’s rejection on Thursday of petitions by Vodafone Idea, Bharti Airtel and the now-defunct Tata Teleservices is likely to add to the financial woes of India’s telecoms sector. (Photo: PTI)

SC rejects plea for relief on USD 13 billion telco levy; Vodafone tumbles

The country's reserve position with the IMF also declined by USD 5 million to USD 3.697 billion, the data showed.

Forex reserves rise by USD 58 mn to record high of USD 461.21 bn

Revenue at its retail and telecoms units each jumped more than 25 per cent in the December quarter as the company, headed by Asia’s richest man.

Billionaire Ambani's Reliance posts record profit on consumer strength

Historically, when real interest rates have been negative, gold’s average monthly returns have been twice as high as the long-term average.

Gold demand to remain positive in 2020: WGC

The growth of the Indian chemical industry will be driven by private capital and entrepreneurship.

Sectoral focus could lift exports by $100 bn-$150 bn in 10 years

Hyderabad was also the city which added maximum stock at 9.9 million square feet.

Office market booming despite economic woes

The placing of Yes Bank's deposit rating of B2 under review reflects Moody's expectation that the bank's standalone viability is getting increasingly challenged by its slowness in raising new capital.

Moody's places Yes Bank's ratings under review; direction uncertain

Shares of Jet Airways were trading 4.92 per cent lower than their previous close on BSE at Rs 45.40 apiece.

Jet Airways to sell Netherlands biz to KLM

The broader NSE Nifty slipped 1.85 points or 0.01 per cent to 12,353.65. (Photo: File)

Sensex, Nifty off to choppy start; RIL up 2 pc ahead of Q2 results

Telcos get no relief from Supreme Court

The Sebi has allowed stock exchanges to launch ‘option in goods’ in their commodity derivatives segment. It has also notified the product design and risk management framework for the option.

Exchanges can launch options in goods

Jeff Bezos, founder and CEO of Amazon.com.

Amazon chief says to invest USD 1 bn in digitizing small businesses in India

Gross revenue was Rs 15,470 crore, up by 2.7 per cent year-on-year.

Wipro reports 2.2 pc dip in Q3 net income at Rs 2,460 crore

Bharti Airtel has to pay nearly Rs 35,586 crore in additional statutory dues, after a Supreme Court ruling on AGR liabilities of telecom companies in October last year. (Photo: PTI)

Airtel special committee clears issue price of USD 3 bn fund raising

Exports to rebound in 2020 but growth to remain subdued

Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

The RBI minutes from October policy review underscored the monetary policy committee members' unanimous decision to keep rates lower.

RBI may cut rates in December: report

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

Of the five mines, two were allocated to Birla Corporation Ltd and one each to Vedanta Ltd, Prakash Industries Ltd and Powerplus Traders Pvt Ltd.

Govt approves allocation of 5 coal blocks, to generate Rs 17,136 cr revenue

The ministry of coal, after a long gap of four years, has approved the allocation of five coal mines, the ministry said in a statement.

The appointment of Patra, who is currently an executive director at the central bank.

Govt appoints Michael Patra as RBI Deputy Governor

Patra will serve as the deputy governor for three years from the time of his appointment.

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.

Forex reserves soar to touch all-time high of USD 453 billion

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644 billion, the data showed.

Market

As US-Iran tensions eased, Brent crude oil futures traded around $65 a barrel, a fall from $70-plus.

Nifty-50 at new high as hopes soar

The Nifty crossed the 12,300-mark and touched a new peak of 12,311.20.

Tthe broader NSE Nifty dropped 59.60 points or 0.49 per cent to 11,993.35. (Photo: File)

Sensex tanks over 350 points on US-Iran conflict; Nifty below 12,000

After hitting a low of 40,476.55, the 30-share BSE index pared some losses to trade 193.98 points or 0.47 per cent lower at 40,675.49.

Tata Steel was the top gainer in the Sensex pack, surging 4.38 per cent, followed by Bharti Airtel 4.37 per cent, Vedanta 3.50 per cent, Tata Motors 3.03 per cent, HDFC 2.46 per cent and Bajaj Finance 2.39 per cent. (Photo: File | PTI)

Sensex, Nifty hit lifetime peaks; metal, financial stocks hog limelight

BSE Sensex closed 413.45 points, or 1.01 per cent, higher at its all-time high of 41,352.17.

The broader NSE Nifty advanced 13.10 points or 0.11 per cent to 12,275.85.

Sensex, Nifty start on a cautious note

The 30-share BSE index was trading 39.84 points or 0.10 per cent higher at 41,682.50.

Companies

The five electrical cirlces constituting CESU are the areas of Bhubaneswar (Electrical Circle - I and II), Cuttack, Paradip and Dhenkanal.

Tata Power to get licence for distribution, supply of power in 5 circles in Odisha

The shares of Tata Power were trading at Rs 55.50, up 0.18 per cent on the BSE in morning trade.

Mistry said his company, the diversified Shapoorji Pallonji group, would seek to appoint a member on the board of Tata Sons.

Former Tata chairman says he will not seek chairmanship of Tata Sons

Mistry was sacked in 2016 from the top job at the helm of the holding company after he fell out with group patriarch Ratan Tata.

The airline operates over 200 flights per day to domestic and international destinations with a fleet of 57 aircraft.

GoAir cancels 19 flights across destinations

GoAir has reported a series of mid-air incidents of engine glitches, leading to the grounding of planes with such engines.

The board for now has given its go-ahead to raise up to USD 3 billion. (Photo: PTI)

Bharti Airtel board approves raising up to USD 4 billion

The company has received an approval to raise USD 1 billion through foreign debt instrument.

The expansion is a big step to uplift the retail business in that region.

ePaisa expands its POS solution in the West Bengal market

The cloud-based POS comes with the new Retail OS with much more upgraded features.

Autos

TVS launches NTORQ 125 Race Edition in SL

The scooter comes in a splendid three-tone combination of matte black, metallic black and metallic red colour.

The BS6 Apache RTR 200 4V, meanwhile, now costs Rs 1.24 lakh at pan Indian showroom.

TVS Motor drives in new Apache range

The Apache RTR 160 4V (drum) has been launched at Rs 99,950, while the RTR 160 4V (disc) has been priced at Rs 1.03 lakh.

While other manufacturers resorted to increasing the price of their models due to the mandatory inclusion of ABS/CBS, Bajaj decided to offer a sporty motorcycle at an affordable price tag.

The smallest Pulsar punches the hardest with 40,000 sales in 2 months

Pulsar 125 is the most affordable Pulsar available right now.

The deliveries of Chetak, which comes at a starting price of Rs 1 lakh, will commence from February end, the company said.

Bajaj Auto launches Chetak electric scooter; bookings start from Jan 15

The electric variant of the iconic Chetak will initially be available in Pune and Bengaluru.

In Other News

Increase in pendency is making fewer consumers approach ombudsmen for their complaints against insurance companies.

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