Extending its winning run to the fifth session, BSE benchmark Sensex climbed 269 points to hit six-month high of 38,024 led by rally in banking stocks amid soaring foreign fund inflows, strengthening rupee and positive global cues.

After rallying nearly 500 points in afternoon trade, the Sensex settled 269.43 points, or 0.71%, higher at 38,024.32. The NSE Nifty closed 83.60 points, or 0.74%, up at 11,426.85.

New Delhi: National carrier Air India on Friday requested its "inactive" crew members to "immediately" join work at a time when the airline has been forced to cancel and reroute a number of US and Europe-bound flights due to closure of Pakistan airspace since February 27.

Fastest 4G network in India: Data released by the Telecom Regulatory Authority of India (TRAI) shows that Reliance Jio was the fastest telecom network in February. Jio registered an average download speed of 20.9 megabit per second in the past month. The performance of other leading cellular service providers remained more or less unchanged in February when compared to their performance in January.

The National Company Law Appellate Tribunal on Friday refused to direct State Bank of India-led joint lenders’ forum to release Rs 260 crore of income-tax refunds of Reliance Communications to Ericsson India.

The tax refunds of Rs 260 crore for 2015-16, lying in the ‘Trust and Retention Account’ with SBI, the lead Bank of JLF, was required by RCom and its two group firms — Reliance Telecom and Reliance Infratel — to clear off their balance Rs 453-crore dues payable to Ericsson India by March 19, failing which promoter Anil Ambani will face jail term of three months.

Stock market regulator Securities and Exchange Board of India (Sebi) in its order has stated that Malvinder and Shivinder Singh were the ultimate beneficiaries of the `2,315-crore funds diversion done in a fraudulent manner in Religare Enterprises (REL) and Religare Finvest (RFL).

The 24-page ex-parte order passed on Thursday by G Mahalingam, Wholetime Member, Sebi, says that this is a remedial measure, pending further investigation.

Facebook Inc said on Friday it would use artificial intelligence to combat the spread of intimate photos shared without people's permission, sometimes called "revenge porn," on its social networks.

The new technology is in addition to a pilot program that required trained representatives to review offending images.

Kotak Mahindra Bank has appointed KVS Manian and Gaurang Shah as whole-time directors for a three-year term effective from the date of approval from the Reserve Bank of India.

The appointment of Manian and Shah is also subject to share­holders’ approval, the bank informed the BSE.

To speed up the first phase redevelopment of 42 railways stations under the Rs 1 trillion programme, the government has now adopted a cluster approach by making five public sector companies in charge of each cluster.

The companies include RITES, Mecon, National Project Construction Corporation (NPCC), Engineering Projects (India) (EPIL) and Bridge and Roof Company (India) (B&R).

Congress President Rahul Gandhi on Friday said his party’s manifesto for the Lok Sabha polls would include a right to health care. The Congress said it was committed to increase investment in health care infrastructure to make public hospitals the first choice for patients.

Over the past month, Gandhi has announced key manifesto promises. These have included a minimum income guarantee to all poor, or NYAY,

President Donald Trump issued his first veto Friday, rejecting Congress’s effort to cancel his declaration of a national emergency to pay for a wall on the US-Mexico border, a centerpiece of his 2016 campaign.

“Congress passed a dangerous resolution that, if signed into law, would put countless Americans in danger,” Trump said just before signing the veto in the Oval Office, where he was joined by family members of crime victims and law enforcement officials.

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