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Sensex reclaims 35,000 in opening trade, Bharti Airtel among top gainers

Sensex reclaims 35,000 in opening trade, Bharti Airtel among top gainers

The Sensex gained over a 100 points in early morning trade on Monday and reclaimed the 35,000 mark. The Nifty, meanwhile, is trading at 10,650.

The market breadth remained positive at the beginning of the week with 368 shares advancing, against a decline of 113 shares.48 shares remained unchanged.

Air India air hostess alleges mid-air molestation by pilot

Air India air hostess alleges mid-air molestation by pilot

An air hostess of Air India has alleged that she was molested by the pilot of the Ahmedabad-Mumbai flight.

The pilot allegedly molested the air hostess on May 4.

Rupee becomes Asia's worst-carry trade after $70 a bbl 'crude' shock

Rupee becomes Asia's worst-carry trade after $70 a bbl 'crude' shock

Oil’s advance to the highest since 2014 is squeezing the carry-trade returns on the Indian rupee to a point where they are the worst in Asia.

While the nation’s nominal yields are the second-highest in Asia, rupee weakness is making the trade unprofitable. Borrowing in dollars to invest in India would yield a negative 3 per cent for the year so far, according to data compiled by Bloomberg. That trade garnered a carry return of 12 per cent in 2017.

Sebi order on extending derivative trading: Key takeaways and challenges

Sebi order on extending derivative trading: Key takeaways and challenges

The first good thing about that the entire development is that it brings the equity derivative market in line with the commodity derivative market. Both markets will now have similar trading hours, which will reduce systemic risk in the markets.

The second aspect, the extension of trading hours will result in providing a hedging facility to portfolio investors. Today, this facility is denied particularly at a time when global news drives markets.

Warren Buffett buys 75 million more Apple shares in Q1

Warren Buffett buys 75 million more Apple shares in Q1

Berkshire Hathaway bought 75 million additional Apple shares in the first three months of the year, Chief Executive Officer Warren Buffett told CNBC on Thursday, aggressively ramping up its bets on the iPhone maker.

Buffett's Apple commitment over the past two years has surprised many, given his historical aversion to companies associated with the technology sector.

NASA launches InSight spacecraft to Mars to study Red Planet’s quakes

NASA launches InSight spacecraft to Mars to study Red Planet’s quakes

NASA on May 5 blasted off its latest Mars lander, InSight, designed to perch on the surface and listen for “Marsquakes” ahead of eventual human missions to explore the Red Planet.

“Three, two, one, liftoff!” said a NASA commentator as the spacecraft launched on a dark, foggy morning atop an Atlas V rocket at 4.05 a.m. Pacific time (4.35 p.m. IST) from Vandenberg Air Force Base in California, marking NASA’s first interplanetary launch from the U.S. west coast.

Transport Ministry nod for 100% bio-ethanol vehicles by Bajaj, TVS

Transport Ministry nod for 100% bio-ethanol vehicles by Bajaj, TVS

Union Minister Nitin Gadkari today said his ministry has accorded permission to auto makers Bajaj and TVS for making vehicles that run using 100 per cent bio-ethanol made out of rice and wheat straw.

"I told the managements of Bajaj and TVS to make ethanol based bike and auto rickshaws.

Court declares ICICI Bank's option contracts with garment exporter as void

Court declares ICICI Bank's option contracts with garment exporter as void

A Court in Coimbatore, Tamil Nadu has issued an order against ICICI Bank in a matter involving a set of option contracts submitted by a hosiery garments exporter.

Freelook Fashions, a company that manufactures and exports hosiery garments to United Kingdom and Ireland, had moved the Court to declare eight option contracts that it entered with the bank as void and unenforceable.

Infosys CEO Salil Parekh to receive annual performance-linked equity grant worth Rs 13 crore

Infosys CEO Salil Parekh to receive annual performance-linked equity grant worth Rs 13 crore

India's second largest software services company Infosys today said its CEO Salil Parekh will receive an annual performance equity grant worth Rs 13 crore.

Parekh had joined the Bengaluru-based company in January this year after a protracted stand-off ensued between Infosys founders led by NR Narayana Murthy and the previous management over issues of corporate governance and compensation to former executives.

Rupee closed lower against US dollar

Rupee closed lower against US dollar

Mumbai: The Indian rupee on Friday weakened against the US dollar after local equity markets fell for the second session.

The home currency closed at 66.87 against US dollar, down 0.34% from its Thursday’s close of 66.65. The rupee opened at 66.63 a dollar and touched a low of 66.92.

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