Nifty closed weekly in positive territory after sharp decline of consecutive last four weeks. It failed to extend in wave-V of C as anticipated. It has completed 5 wave decline structure & achieved W=Y Equality Targets near recent lows. It has made a low of 7539.40 levels during week.

All the other Indices such as Midcap, Small cap & Bankex etc closed weekly in positive territory. CNX BANKEX has also achieved equality targets in this correction as anticipated. It made a low of 15,793 levels & started to sharply rise from these levels. One can expect this rally to continue further for the targets of 17185 levels till this low holds in short term.

Air India pilots have voted in favour of a strike to protest the management's notification stripping commanders of "workman" status.

However, the pilots are yet to issue a strike notice.

LIC Housing Finance has said that it would look at securitisation of its non performing assets (NPAs) this year if the tax and stamp duty issues are adressed.

Speaking to reporters after inaugurating a property fair in Chennai, Sunita Sharma, managing director and CEO of LIC HFL said, "We have not done it (securitisation of assets) for many years. We will be looking at it this year but the quantum will not be high. We will be looking at Rs 4,000-5,000 crore."

The BSE Sensex and NSE Nifty closed on a flat note on Friday ahead of IIP data, due later in the day. Sensex closed 12 points lower at 25,610 while Nifty closed 1.20 points up at 7,789.30.

Among the sectoral indices on the Bombay Stock Exchange (BSE), the BSE Realty index gained the most — 0.73 per cent at 1,288.86, it was followed by BSE IT index (up 0.44 per cent) and BSE FMCG index (up 0.42 per cent). On the other hand, BSE Metal index and BSE Capital Goods index declined 1.53 per cent and 0.52 per cent at 7,197.95 and 15,951.38, respectively.

Ajay Bodke: If one is betting on a revival in investment cycle, the banks that have gotten severely drubbed are essentially Axis Bank, ICICI Bank and Yes Bank. If one is willing to take a medium term perspective, the corporate focussed banks are the ones which are going to see the maximum reduction in the provisioning levels and also the upgrade in terms of the assets which have been classified as NPAs, so as and when the interest rate falls, economic revival will happen.

The National Association of Software and Services Companies (NASSCOM) today inaugurated its start-up warehouse in Kochi, Kerala, in collaboration with the state government.

The start-up warehouse seeks to build entrepreneurial capabilities in the state, create a vibrant community to connect investors, mentors and start-up entrepreneurs, and building tech-entrepreneurship as a preferred career option, the IT industry lobby group said in a release.

Mumbai: Air India Ltd’s new chairman and managing director Ashwani Lohani said India’s oldest airline should target at least 90% on-time performance as it tries to revive its reputation.

In his first letter to employees on Friday, Lohani said it was important to ensure very high levels of OTP. “While the target will always remain 100%, at the initial stage, we should guarantee at least 90%,” he wrote in the letter, a copy of which was seen by Mint.

MUMBAI: While it is not unusual for companies manufacturing consumer goods to aspire to be the 'Apple Inc' of the segment that they are in, Axis Bank has ventured to announce that its digital offerings will be inspired by the customer experience provided by the world's largest tech company.

"Technology will be dime a dozen. We do not care what others have done. If you look at Apple, their focus is completely on customer experience.

India's top outsourcing firms are finding a sporty way to improve their branding and visibility. In consecutive weeks, Infosys, Wipro and HCL have all signed contracts with some of the biggest names in the world of sports, including global sporting brands Manchester United and Chelsea, hoping to emulate the success that IBM has had for years by providing infrastructure support to tennis governing body Association of Tennis Professionals (ATP).

Growth of e-commerce is set to drive changes in the preferences for commercial vehicles, giving rise to demand for those which can be on the road for longer period of time, bringing in fundamental changes to the efficiency of country's logistics sector, said officials of Tata Motors.

This would lead to vehicles with higher engine power and having smart tracking systems, they said.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.