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Jet Airways shares fall 4% as it grounds 15 more planes

Jet Airways shares fall 4% as it grounds 15 more planes

Jet Airways shares fell as much as 4 percent in early trade on Wednesday after it said the previous day it has grounded 15 more planes due to non-payment of dues to its lessors.

The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.

Rupee opens flat at 68.72 against US dollar amid rise in crude oil prices

Rupee opens flat at 68.72 against US dollar amid rise in crude oil prices

The rupee opened flat at 68.72, up just 2 paise against the US dollar on Wednesday. On Tuesday, the currency recovered from the day's low to finally settle at 68.74 with gains of 40 paise amid sustained foreign fund inflows and heavy buying in domestic equities.

Consistent inflows suggest that FIIs remain bullish on the Indian growth story. The momentum of flows in the recent past has been positive also as market participants are expecting that the RBI could consider cutting rates tomorrow, says Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services.

WhatsApp launches ‘tipline’ to tackle rumours ahead of elections

WhatsApp launches ‘tipline’ to tackle rumours ahead of elections

Whatsapp on Tuesday launched a 'tipline’ in India using which citizens can submit possible rumours and misinformation for verification, ahead of the 2019 Lok Sabha elections.

Starting today, people in India can submit uncertain information or rumours they have received to the Checkpoint Tipline on WhatsApp +91-9643-000-888, the Facebook-owned firm said in a statement.

Pie in the sky? Rahul Gandhi will need Rs 17-18 lakh crore to implement Congress manifesto

Pie in the sky? Rahul Gandhi will need Rs 17-18 lakh crore to implement Congress manifesto

Congress Lok Sabha Election Manifesto: Wealth and welfare are the two key promises made by the Congress in its manifesto released on Tuesday by party president Rahul Gandhi. The party has promised Rs 6,000 per month basic income to 5 crore poor families under Nyay scheme and the scaling up of the NREGA to provide 150 days of guaranteed work in a year.

Congress releases 2019 polls manifesto with focus on farmers, Nyay, jobs

Congress releases 2019 polls manifesto with focus on farmers, Nyay, jobs

The Congress on Tuesday released its manifesto for the Lok Sabha polls, making a slew of promises, including giving Rs 72,000 each to five crore poor families under the 'Nyay' scheme, filling up 2.2 million government vacancies, bringing a separate budget for farmers and fixing a single moderate GST rate.

The 55-page document titled 'Hum Nibhayenge' (We will deliver) focused on addressing the issues of joblessness, farm distress, safety of women and boosting the rural economy, with stress on building a narrative on "real issues" faced by people.

SC declines urgent hearing on Hardik Patel’s plea to suspend conviction in rioting case

SC declines urgent hearing on Hardik Patel’s plea to suspend conviction in rioting case

The Supreme Court denied urgent hearing to a plea by Congress leader Hardik Patel to suspend his conviction in a 2015 rioting case.

A Bench led by Chief Justice Ranjan Gogoi on Tuesday denied him an out-of-turn hearing, raising questions on whether he would be able to contest the Lok Sabha polls of 2019 from the Jamnagar constituency in Gujarat.

Zee Entertainment falls 6% after promoters sell shares

Zee Entertainment falls 6% after promoters sell shares

Shares of Zee Entertainment Enterprises (ZEE) slipped 6 per cent to Rs 403 on the BSE in intra-day trade on the back of heavy volumes after its promoter sold Rs 332 crore worth of the firm’s shares in recent months, according to exchange disclosures.

Cyquator Media Services, the promoter entity of ZEE had sold shares worth Rs 227 crore between February 13 and March 29. Post the share sale, Cyquator’s shareholding has reduced to 22.8 per cent from 23.36 per cent.

Reliance Jio shifts control of optical fibre, tower units to RIIHL trusts

Reliance Jio shifts control of optical fibre, tower units to RIIHL trusts

Reliance Jio has transferred control of its fibre and mobile tower units to two infrastructure investment trusts set up by Reliance Industrial Investments and Holdings Ltd (RIIHL).

The optical fibre cable infrastructure unit, Jio Digital Fibre Private Ltd (JDFPL) has allocated shares worth Rs 500 crore to Reliance Jio Infocomm Ltd (RJIL) on March 31, 2019, according to a regulatory filing.

Tata Motors hits four-month high; up 17% in two days after JLR Q4 guidance

Tata Motors hits four-month high; up 17% in two days after JLR Q4 guidance

Shares of Tata Motors moved higher by 8 per cent to Rs 203 on Tuesday, gaining 17 per cent in the past two trading days on the BSE, after the company’s wholly-owned subsidiary Jaguar Land Rover (JLR) said it expects improved financial results for the quarter ended March 2019 (Q4FY19).

The stock of Tata group Company was quoting at its highest level since October 9, 2018. The trading volumes on the counter jumped an over four-fold today. A combined 88.75 million shares representing 3.5 per cent of total equity of Tata Motors changed hands on NSE and BSE till 03:00 pm.

Infosys nears record high; stock up 5% in one week

Infosys nears record high; stock up 5% in one week

Infosys shares were trading higher for the fifth straight day, up 1.3 per cent, at Rs 765 on Tuesday in intra-day trade, gaining 5 per cent in one week on the BSE. In comparison, the benchmark S&P BSE Sensex was up 2 per cent during the week.

The stock was trading close to its all-time high of Rs 771 touched on February 2, 2019 on the BSE. It has recovered 8 per cent from its recent low of Rs 710 on March 18, against 2.5 per cent rise in the benchmark index.

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