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Sensex recovers 57 points ahead of F&O expiry

Sensex recovers 57 points ahead of F&O expiry

Benchmark BSE Sensex rebounded over 57 points in early trade on Thursday on sustained buying by domestic institutional investors amid mixed trend in other Asian bourses.

Short-covering of bets on Thursday being the last session of April expiry in the derivatives segment supported the recovery.

World’s longest non-stop flight from Singapore to New York will start soon!

World’s longest non-stop flight from Singapore to New York will start soon!

Singapore Airlines is set to launch the world’s first non-stop flight with almost 20 hours in the air, by the end of this year, the media reported on Thursday.

Singapore Airlines’ newest plane, the Airbus A350-900ULR — for Ultra Long-Range — will travel on a record-breaking, globe-spanning flight that will connect Singapore to New York, reports CNN,

Wipro share price target reduced on weak Q4 results, check what brokerages say

Wipro share price target reduced on weak Q4 results, check what brokerages say

Wipro share price target: Following weak Q4 results reported by India’s third largest software services exporter, brokerages have reduced Wipro share price target. The Bengaluru-headquartered company has reported a 20/3% drop in net profit to Rs 1,803 crore in the three months ended 31 March, missing street estimates. Analysts had expected the company to post a profit of Rs 2,132 crore, according to Thomson Reuters data.

Consolidation path: Reliance Retail rejigs store network

Consolidation path: Reliance Retail rejigs store network

In a re-jigging of its store network, Reliance Retail has shut around 100 Reliance Fresh stores over the past two years or so, with the shutters having been downed for 20 of them in the past 12 months. The move, coupled with new stores in more attractive catchment areas, should help arrest losses.

With 1.57 bn accounts, 80% Indians save outside banks: World Bank

With 1.57 bn accounts, 80% Indians save outside banks: World Bank

India’s adoption of Jan Dhan scheme as well as biometric Aadhaar cards-based account opening has led to a massive shrinkage of the gender gap in financial inclusion, the World Bank said in a report released late Thursday night. The Global Findex database collects data from across the world on how adults save, borrow, transact, and interact in the financial system.

Changing GST rules, pending refunds continue to hamper SEZ exports

Changing GST rules, pending refunds continue to hamper SEZ exports

Incessant changes to the goods and services tax (GST) rules, also affecting refunds, and procedural issues affect export from special economic zones (SEZs). The Export Promotion Council for Export Oriented Units & Special Economic Zones (EPCES) has listed a number of persisting procedural and regulatory obstacles.

“There have been a staggering 367 changes to the GST rules till April 15, since the new tax structure came into being last year,” EPCES Chairman Vinay Sharma said.

Tata Motors hopes to outpace truck market growth

Tata Motors hopes to outpace truck market growth

Tata Motors, the market leader in commercial vehicles (CVs), would have exited 2017-18 with higher volumes and market share save for the capacity constrains it faced in the medium and commercial vehicle segment, Guenter Butschek, chief executive officer and managing director, said on Wednesday.

RCom gets a week to pay Rs 774.19 cr towards deferred spectrum liabilities

RCom gets a week to pay Rs 774.19 cr towards deferred spectrum liabilities

The Supreme Court on Wednesday gave Reliance Communications one week to pay Rs 774.19 crore towards deferred spectrum liabilities.

A bench led by Justice AK Goel gave RCom time till May 2 to pay its liability while disposing of the telecom firm’s two appeals challenging the TDSAT’s April 19 judgments that had refused to grant additional time to make the payment.

Ford targets higher margins faster, will drop unpopular sedans

Ford targets higher margins faster, will drop unpopular sedans

Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping increasingly unpopular sedan models in North America.

The No. 2 U.S. automaker said it now plans to cut $25.5 billion in costs by 2022, up from a total of $14 billion the company announced to investors last fall.

Microsoft India most attractive employer brand, Amazon ranks second: Survey

Microsoft India most attractive employer brand, Amazon ranks second: Survey

Technology giant Microsoft India is the most 'attractive employer brand', followed by e-commerce major Amazon India, says a survey.

According to the findings of Randstad Employer Brand Research (REBR) 2018, the other most attractive employer brands in India include Hindustan Unilever, IBM India, ITC Group, Larsen & Toubro, Mercedes-Benz India, Samsung India, Sony India and Tata Consultancy Services.

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