Business

Nirmala Sitharaman also announced a rollback of enhanced surcharge on foreign portfolio investors (FPIs) levied in the Union Budget.

Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd stopped jet fuel or ATF supplies to Air India at six airports - Kochi, Pune, Patna, Ranchi, Vizag and Mohali - over payment defaults.

In a regulatory filing late on Thursday, Future Retail said Amazon has agreed to acquire a 49% stake in Future Coupons Ltd. That entity in turn owns a 7.3% interest in Future Retail, according to prior regulatory filings.

Tech Mahindra, TCS, HUL and HCL Tech were the only gainers, spurting up to 1.57 per cent.

Noting that the global banking system as a whole is more resilient to cushion risks now, Shaktikanta Das said it is important to look at financial stability as this alone can ensure long term growth.

The charge sheet details the roles of the directors and others in allegedly perpetrating the funds crisis and alleges corrupt practices were adopted by them that led to financial bunglings.

NCLT had on December 15 allowed the insolvency plea filed by S Gurumoorthy, an operational creditor under section 9 of the Insolvency and Bankruptcy Code (IBC).

Reliance Retail, with presence in nearly 7,000 towns and cities, achieved a significant milestone with turnover crossing Rs 1.3 lakh crore in the last year

Etihad acquired a 24% stake in Jet in 2013, at a time when the Indian airline needed significant financial support, but since then the Abu Dhabi-based airline has been seeking 'advanced solutions' to help resolve issues facing Jet.

After rallying 480 points during the day, the 30-share Sensex settled 254.55 points or 0.68 percent higher at 37,581.91. It hit an intra-day high of 37,807.55 and a low of 37,406.26.

The 30-share index was trading 18.58 points or 0.05 per cent up at 36,995.43; while the broader Nifty slipped 8.55 points or 0.07 per cent to 10,943.05 in morning trade.

Narayanan, who has also invested an undisclosed amount in Medlife, will be responsible for driving the next phase of growth of the company that is raising its first external round of funding of USD 150 million.

The massive decline in the Indian rupee was largely a knee jerk reaction to the slump in the Chinese currency after its central bank allowed currency depreciation as the US decided to impose new tariffs on Chinese goods.

The company also appointed Larsen & Toubro's (L&T) Chief Executive Officer and Managing Director SN Subrahmanyan as its non-Executive Vice-Chairman.

Bharti Airtel, SBI, ITC, HDFC, Power Grid, Tata Motors and JK Tyre were among the key stocks in news today.

Microdot technology involves spraying the body and parts of the vehicle or any other machine with microscopic dots, which give a unique identification and it will also help check the theft of vehicles and also the use of fake spare parts.