Hyderabad-based Turbo Aviation has announced its plans to launch a new low-cost airline 'TrueStar' by mid 2020.

The company has signed a partnership deal with a UK business group for a $100-million funding support to speed up the launch process, according to Turbo Aviation's managing director V Umesh. Turbo Aviation has already been operating the commercial airliner 'True Jet' since 2015.

The Supreme Court on Monday agreed to hear petitions challenging the constitutional validity of the recently passed Citizenship (Amendment) Act, in wake of the intensifying protests that have rocked the country. The hearing will take place on December 18.

According to reports, senior advocate Abhishek Manu Singhvi listed the matter at the top court before Chief Justice of India (CJI) Sharad Arvind Bobde. As many as a dozen petitions challenging the Act have been submitted before the Court. The first petition was submitted by the Indian Union Muslim League.

Shares of Navin Fluorine International were trading higher for the third straight day, up 2 per cent at Rs 960 in intra-day trade on Monday after the company announced a capex plan of Rs 450 crore at Dahej through a wholly-owned subsidiary, which is to be incorporated.

The stock has rallied 8 per cent in the past three trading days, as compared to 1.5 per cent rise in the benchmark S&P BSE Sensex. In the past two months, it rallied 32 per cent against 6 per cent gain in the benchmark index.

Wholesale prices based inflation rose to 0.58 per cent in November, as against 0.16 per cent in October due to increase in prices of food articles.

The annual inflation, based on monthly wholesale price index (WPI), was at 4.47 per cent during the same month a year ago (November 2018).

NEFT Timings: Customers of SBI, HDFC Bank, Axis Bank, Punjab National Bank, ICICI Bank or any other commercial lender can do National Electronic Funds Transfer (NEFT) transactions 24×7 from today. The facility will now be available on any day of the week or month, including holidays. The Reserve Bank of India (RBI) has allowed this facility to be available at all times throughout the year.

For smooth settlement of NEFT transactions, the RBI has decided to provide additional collateralised intra-day liquidity facility.

A plea was moved in the Delhi High Court on Monday against the police action on students at the Jamia Millia Islamia University on Sunday night.

A bench of Chief Justice D N Patel and Justice C Hari Shankar declined to list the plea for urgent hearing, saying there was no urgency in the matter.

RBI Governor Shaktikanta Das on Monday said the central bank had acted ahead of time by starting to slash rates in February this year, and hoped the decision to pause the cuts earlier this month will prove to be a right call over time.

He also hoped for the US-China truce on trade tariffs, announced over the weekend, would last as he pitched for coordinated efforts to push global growth like those after the 2008 financial crisis.

Shares of Crisil continued their northward movement and hit a fresh 52-week high of Rs 1,745, up 2 per cent on the BSE on Monday in an otherwise subdued market. The stock of the rating agency company was trading at its highest level since October 2018.

In the past three months, the stock has outperformed the market by surging 39 per cent as the company reported a good set of numbers led by rating business for the quarter ended September 2019 (Q3CY19). In comparison, the S&P BSE Sensex has gained 10 per cent during the same period.

Shares of Sun Pharma cracked as much as 2.84 per cent to Rs 426.50 apiece on the BSE on Monday after the company informed that the US FDA has issued a Form 483, with eight observations for its Halol (Gujarat) facility. The inspection was conducted from December 03-13, 2019, the company said in its regulatory filing.

At 09:30 am, the stock was trading over 1.50 per cent lower at Rs 431.70. In comparison, the benchmark S&P BSE Sensex was trading 72 points or 0.18 per cent higher at 41,082 levels.

All detained students of the Jamia Millia Islamia University (JMI) have been released from the Kalkaji and New Friends Colony Police Stations, the Delhi Police said in a statement on Monday. Students of JMI and Jawaharlal Nehru University (JNU) had organised a protest throughout Sunday midnight at the Delhi Police Headquarters, ITO, to protest against the alleged brutality of police personnel at the JMI campus on Sunday.

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