The benchmark BSE Sensex fell over 350 points in early trade on Tuesday amid rising tension between India and Pakistan, weak Asian cues and selling pressure on banking, power, IT and power counters.

The Sensex was trading 343.20 points, or 0.95 per cent, down at 35,870.18 after touching a low of 35,842.58. The gauge rallied 342 points in Monday’s trade.

Billionaire Anil Ambani’s telecom unit is still fighting to get approval for the sale of its airwaves, indicating that the company hasn’t given up on selling the assets outside India’s bankruptcy process.

India’s Telecom Disputes Settlement and Appellate Tribunal on Monday heard arguments on Reliance Communications Ltd.’s petition to allow it to sell its airwaves without past liabilities from the asset being passed to the buyer.

Despite having a colossal debt of Rs 82,810 crore on its book, the Adani group bid aggressively for privatisation of five airports, winning all of them. The bids were put out by the Airports Authority of India (AAI), which at present manages the airports concerned.

Adani Enterprises, the flagship entity of the group, on Monday bagged the rights to operate, manage and develop airports at Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangalore by offering the highest per-passenger fee (PPF).

In what appears to be Amazon's effort in increasing gender diversity among directors, the technology giant on Monday appointed former PepsiCo chief executive officer (CEO) Indra Nooyi to its board. According to the company's regulatory filing, Nooyi will also join the audit committee of the board, reported Reuters.

"On February 25, 2019, the Board of Directors of Amazon.com, Inc. (the “Company”) elected Indra K Nooyi as a director of the company, and also appointed her to the audit committee of the board," Amazon wrote in an 8-K SEC regulatory filing.

Pakistan army spokesperson Major General Asif Ghafoor on Tuesday claimed that the Indian Air Force (IAF) had violated the Line of Control (LoC).

In a tweet, Ghafoor claimed: "Indian aircrafts intruded from Muzafarabad sector. Pakistan Air Force immediately scrambled. Indian aircrafts gone back. Details to follow." [sic]

Prime Minister Narendra Modi on Monday took on those criticising his government for reneging on the promise of creating employment, saying the formal sector alone has generated 12 million jobs in a year in the past four years.

Addressing a News18 media group event, he admitted a lot needs to be done on the work front.

The country's largest carmaker Maruti Suzuki India (MSI) Monday said it has expanded its pre-owned sales network to 200 outlets in 132 cities across the country.

The company had relaunched upgraded True Value network with new brand and retail identity 19 months ago.

The stir caused by the revised FDI guidelines in Indian e-commerce seems to have settled down now, at least for Amazon. In a little over three weeks since the government kicked in revised norms on February 1, Amazon has brought back all of its products that it had delisted from its marketplace platform Amazon Seller Services.

Amazon had 180 million products listed on its marketplace portal as on January 17, a day after it sought an extension of the February 1 deadline by four months.

It has been about a month since new DTH, Cable TV rules were rolled out at the behest of TRAI, apparently giving consumers more power to pay for and subscribe to individual channels. While the initial public reaction to the new system was mostly negative, the problems with the implementation haven’t been resolved yet. RS Sharma, TRAI chairman, clarifies the need and the timing of the new rules and backed the rulings.

Fortis Healthcare Ltd. petitioned India’s market regulator to arrest its founders after the Singh brothers failed to repay 4 billion rupees ($56 million) that the watchdog had found they had fraudulently taken out. The company earlier this month had requested the Securities and Exchange Board of India to use its legal authority to recover the money from Malvinder and Shivinder Singh, said Fortis spokesman.

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