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Sensex jumps over 100 pts; bank stocks rise

Sensex jumps over 100 pts; bank stocks rise

Domestic equity benchmark BSE Sensex jumped over 100 points in early trade on 16 July driven by gains in banking stocks, amid mixed cues from global markets.

The 30-share index was trading 104.83 points, or 0.27%, higher at 39,001.54 at 09:45 a.m. Similarly, the broader Nifty rose 29.25 points, or 0.25%, to 11,617.60.

Rupee opens 5 paise down at 68.59 against U.S. Dollar

Rupee opens 5 paise down at 68.59 against U.S. Dollar

The Rupee depreciated marginally by 5 paise to 68.59 against the U.S. Dollar in early trade on 16 July as the country’s exports entered the negative zone after a gap of eight months.

At the interbank Forex market, the Rupee opened weak at 68.59 registering a decline of 5 paise over its last close. The local currency however pared the initial loss and was trading at 68.55 at 09:45 a.m.

Supreme Court junks PIL against LIC

Supreme Court junks PIL against LIC

The Supreme Court on Monday refused to entertain a public interest litigation (PIL) that sought to drag the country's biggest insurer – Life Insurance Corporation (LIC) into the dock for allegedly selling five crore policies of Jeevan Saral under a false promise of higher returns.

Air India links Indore to Dubai with direct flight

Air India links Indore to Dubai with direct flight

Air India today linked Indore with Dubai with a non-stop flight, fulfilling a long-standing desire for a direct flight to the Gulf from the travel fraternity and tourists.

From Indore, Air India is operating a 162-seater A320neo aircraft, which will fly 3 times a week directly to Dubai on every Monday, Wednesday and Saturday.

Amazon workers on strike over poor working condition in US on 'Prime' day

Amazon workers on strike over poor working condition in US on 'Prime' day

Amazon workers walked out of a main distribution center in Minnesota on Monday, protesting for improved working conditions during the e-commerce titan's major "Prime" shopping event.

Amazon workers picketed outside the facility, briefly delaying a few trucks and waving signs with messages along the lines of "We're human, not robots."

Ashok Leyland dips 4% on closing Pantnagar plant due to weak demand

Ashok Leyland dips 4% on closing Pantnagar plant due to weak demand

Shares of Ashok Leyland dipped up to 4 per cent to trade at Rs 82.10 per share in the early morning deals on Tuesday after the company announced closure of its Pantnagar plant due to weak demand and outlook for the industry.

In a regulatory filing, the heavy vehicle manufacturer said that the plant will remain closed between July 16 and July 24.

RBI slaps Rs 7-crore penalty on SBI for violating various regulatory norms

RBI slaps Rs 7-crore penalty on SBI for violating various regulatory norms

The Reserve Bank of India (RBI) has imposed a penalty of Rs 7 crore on State Bank of India (SBI) for non-compliance with regulatory norms such as income recognition and asset classification (IRAC) and sharing information. This is one of the highest penalty amounts on any bank in the recent past.

Infosys gets a thumbs up from the Street; stock ends at record high

Infosys gets a thumbs up from the Street; stock ends at record high

Shares of Infosys rose 7.2 per cent to end at Rs 780, an all-time high, after the firm raised revenue growth forecast for FY20.

Most analysts have raised their 12-month price target for the stock, hoping for increased payouts to shareholders. Analysts, however, say rising employee attrition remains a key risks, given the strong demand. Citibank said the valuation gap between Infosys and TCS would narrow further.

Air India pilot grounded for three months after failing alcohol test

Air India pilot grounded for three months after failing alcohol test

New Delhi: An Air India pilot has been grounded for three months after he tested positive in a pre-flight breath analyser (BA) test here on Saturday.

The pilot wanted to fly as a passenger from Delhi to Bengaluru. Since the flight was full, he requested to fly in the cockpit as an additional crew member.

Amazon’s $700 million training pledge is actually a bargain

Amazon’s $700 million training pledge is actually a bargain

New York: Amazon.com Inc. is amazing at turning mundane corporate management decisions into global news events.

Many retailers host annual sale events. But Amazon “celebrates" Prime Day. Many chief executives write notes to their shareholders. But Jeff Bezos pens annual letters with “lessons" and “principle themes" and “important words" to behold. Many companies open satellite offices.

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