Airlines and aircraft makers are taking a body blow from the virus outbreak in China, as Boeing reported zero orders for new jets in January and forecasting the cargo business will likely contract in 2020.

We, like our customers, are trying to figure out the depth and breadth of this virus and the impact on the airlines, Boeing's vice president for commercial marketing, Randy Tinseth, said Wednesday at the Singapore Air Show.

The price of non-subsidised liquefied petroleum gas (LPG) cylinders were hiked by Rs 144.50 on Wednesday, the sixth hike in as many months.

State-run oil marketing companies hiked the price of non-subsidised LPG cylinders across metro cities.

A 14.2 kg non-subsidised LPG cylinder will now cost Rs 858.50 in the national capital.

Aam Aadmi Party national convener Arvind Kejriwal will take oath as the Chief Minister of Delhi for a third successive term on February 16 at the iconic Ramlila Maidan in the national capital. Kejriwal met Delhi Lieutenant Governor Anil Baijal at the Raj Niwas at 11 AM this morning. News agencies reported later that Kejriwal will be sworn in as the Delhi Chief Minister on Sunday, February 16.

The Aam Aadmi Party came out with flying colours in the recently concluded Delhi Assembly elections, winning a massive 62 out of 70 seats.

The Shiv Sena on Wednesday said Aam Aadmi Party's campaign designed around the works done by it won it a landslide victory in the Delhi Assembly polls while the BJP's polarisation attempt failed to click with voters of the national capital.

The Shiv Sena praised Delhi Chief Minister and AAP president Arvind Kejriwal, saying he single-handedly took on the army of BJP leaders, including chief ministers and central leaders, and successfully showcased the works done by his government in fields like education and health.

A person was killed after some unidentified people opened fire at AAP MLA Naresh Yadav's convoy in southwest Delhi's Kishangarh village on late Tuesday night, police said.

The newly-elected MLA along with his supporters was returning home after paying obeisance at a temple in his constituency, the police said.

Shares of Sun Pharma Advanced Research Company (SPARC) slipped 10 per cent to Rs 172 on the BSE on Wednesday in an otherwise strong market after the US health regulator rejected the cancer drug application.

SPARC on Tuesday said the company has received a Complete Response Letter (CRL) from the United States Food & Drug Administration (USFDA) for the new drug application (NDA) for Taclantis (Paclitaxel Injection Concentrate for Suspension).

Shares of IndusInd Bank slipped 3 per cent to Rs 1,252 on the BSE in Wednesday's early morning trade as rating agency Moody’s downgraded the private lender’s outlook to negative from stable on account of the risk of further asset quality deterioration. The stock was 5 per cent away from its 52-week low of Rs 1,192, touched on October 11, 2019.

The United States Trade Representative’s (USTR’s) office has classified India as a developed economy, ineligible for benefits given by Washington DC to developing countries. This is expected to stop all chances of India reclaiming its benefits under the US’ Generalized System of Preferences (GSP) scheme.

The GSP is America’s oldest preferential trade scheme, which offered Indian exporters tariff-free access to the US until June, when all benefits were suspended.

The number of fatalities from China's new coronavirus epidemic jumped to 1,110 nationwide on Wednesday after hard-hit Hubei province reported 94 new deaths.

In its daily update, Hubei's health commission also confirmed another 1,638 new cases in the central province, where the outbreak emerged in December. There are now more than 44,200 confirmed cases across China, based on previously released figures from the government.

The Aam Aadmi Party (AAP) on Tuesday emerged victorious in the Delhi assembly election as it won 62 of the 70 assembly seats that went to polls on February 8. The BJP came distant second by winning eight seats while the Congress failed to open its account. The Election Commission had on Sunday announced that 62.59% of 1.47 crore voters turned up to vote in the polling that was held on Saturday, February 8.

The counting of votes started at 8 AM on Tuesday. Tight security arrangements were put in place at 21 centres across the national capital with strong rooms storing the EVMs placed under three-layer security.

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