An Air India employee, who was hit by an IndiGo bus carrying passengers to an aircraft at Bengaluru airport on Saturday evening, is “stable and improving” at a hospital, said the spokesperson of the national carrier Monday.

In response to a specific query from PTI about the employee’s health, Air India’s spokesperson said, “Employee is stable and improving in hospital.”

State Bank of India on Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) against Jet Airways.

On Sunday, officials associated with lenders and key shareholders said SBI was considering moving the tribunal seeking insolvency proceedings against Jet Airways since it is running out of money for operations.

Kerala: Two coaches of Chennai-Mangalore Express train derailed near Shoranur in Palakkad district in the early hours of Tuesday.

No injuries or casualties were reported so far.

Mumbai: After Motilal Oswal and IIFL's commodity derivatives trading arms, the Securities and Exchange Board of India (Sebi) on Tuesday declared Geofin Comrtrade Ltd and Anand Rathi Commodities Ltd as not 'fit and proper' to do commodity derivatives trading.

The firms will need to transition the commodity trading business to other unrelated entities within 45 days.

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.

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