Business

Nissan appointed Sinan Ozkok as the President of the Indian operations and will be based out of Gurgaon.

This framework replaces the earlier circular which mandated lenders to start resolution even if there was one-day default.

The company acknowledged that it originally planned to fix a cockpit warning light in 2020 after two key lawmakers disclosed the company's timetable on Friday.

The new circular provides for a framework for early recognition, reporting and time-bound resolution of bad loans.

The 30-share index was trading 211.04 points, or 0.53 per cent, lower at 39,318.68, and the broader Nifty slipped 34.25 points, or 0.29 per cent, to 11,809.50.

The benchmark BSE Sensex was down 0.44% at 39,362.51 while the broader NSE Nifty was 0.43% lower at 11,792.20.

The benchmark BSE Sensex was down 0.28% at 39,972.64 while the broader NSE Nifty was 0.43% lower at 11,971.15.

In the run-up to the Lok Sabha elections, the finance ministry came up with an interim budget in February, authorising government expenditure for a limited period.

The World Bank said that India's urban consumption was supported by a pickup in credit growth, whereas rural consumption was hindered by soft agricultural prices.

Berger Paints reported a 4.9% rise in its consolidated net profit to Rs 111.43 crore in the March quarter as against Rs 106.21 crore in the year-ago quarter.

Max Financial Services said the net profit was lowered largely due to one-time expenses for pursuing an inorganic opportunity for Max Life and reversible fair valuation impact as per IndAS.

Economists regard competitiveness as vital for the long-term health of a country's economy as it empowers businesses to achieve sustainable growth, generates jobs and, ultimately, enhance the welfare of citizens.

Indian carriers, including budget airlines SpiceJet and Interglobe Aviation Ltd's IndiGo, have been taking advantage of debt-laden Jet's downfall, adding flights and routes and raising fares in response to a drop in capacity.

Predatory tariff offerings by the competitors have triggered sharp decline in revenue from services, causing massive debt and problems in clearing staff salaries in the recent past, says BSNL Director.

Indraprastha Gas shares jump 8% after the company reported a 28% rise in its March quarter net profit to Rs 224.72 crore on the back of higher sales.

Jet's demise has been cited as the trigger for decline in passenger numbers. Other airline were quick to absorb the market share or passengers of the erstwhile carrier.