New York: What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week.

Bitcoin clawed its way back from the four-month low of $5,922 it touched on Tuesday, rebounding 53% to $9,069. The S&P 500 Index and the Dow Jones Industrial Average both fell more than 5% this week, wiping out gains for the year.

Southfield, Michigan: Ford Motor Co. is spending $25 million more at its Kentucky factory to pump out more of the profitable big sport utility vehicles that are critical to funding its ambitious—and expensive—electric and self-driving vehicle plans.

The investment will allow the second-largest US automaker to boost production of the new Lincoln Navigator and Ford Expedition by 25% from what the company was planning last fall, when the redesigned models first hit showrooms.

Amid rising volatility in the domestic stock markets, as gauged by the 30-share barometer Sensex and Nifty, which have shown wild swings over the last week, if response to bouts of global stock sell-off, SEBI Chairman Ajay Tyagi says that the stock market will continue to remain volatile for some more time. India’s stock market opened higher on Monday following a sharp recovery on Wall Street on Friday last week with Dow Industrials rising 330-points and better Q3 earnings by some of the blue-chip companies back home.

L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering giant Larsen & Toubro, has secured a Rs 2,200-crore contract from Abu Dhabi's Al Dhafra Petroleum Operations Company.

L&T Hydrocarbon Engineering has signed "a major field development EPC contract with Al Dhafra Petroleum Operations Company Ltd, Abu Dhabi, UAE, with a value in excess of Rs 2,200 crore", Larsen and Toubro stated in a BSE filing today.

KOLKATA: Coal India is trailing global peers in operating performance and technology adoption, while taxes and freight constitute 25% and 34%, respectively, of the cost consumers pay, undermining the monopoly's competitiveness, the company's Vision 2030 document said.

MUMBAI: An engineer raised in Mumbai, Vikas Sathaye, was part of the team that bagged the scientific and engineering award at the Oscars 2018 Scientific and Technical Awards on Saturday. The four-member team was honoured at the Beverly Hills ceremony "for the concept, design, engineering and implementation of the Shotover K1 Camera System", which the Academy of Motion Picture Arts and Sciences describes as a "six-axis stabilised aerial camera mount" that has an "enhanced ability to frame shots while looking straight down".

Key indices on Monday opened in green. The benchmark BSE Sensex opened 200 points higher to open at 34203.34 while the NSE Nifty gained over 70 points to trade above 10,500.

The BSE market breadth was bullish as 1,028 stocks advanced as against 224 declines.

Mahindra & Mahindra (M&M) is poised to enter Iran with its XUV500, KUV100 and Scorpio pick-up, attempting to break the dominance of French and other European automakers in the market that has turned stricter in automobile safety and emission norms.

The company has signed an agreement for collaboration with a local business group, which is expected to be materialised later this year.

India and Oman have signed eight agreements, including on cooperation in the field of defence, health and tourism, as Prime Minister Narendra Modi held wide-ranging talks with the Sultan of the country.

Modi, who arrived here from Dubai on the last leg of his three-nation tour, led delegation-level talks yesterday with Sultan Qaboos bin Said al Said.

A mid-air disaster was averted in the Mumbai airspace when a Vistara aircraft came perilously close to an Air India plane, prompting the Aircraft Accident Investigation Bureau (AAIB) to launch a probe.

On February 7, the Vistara's UK 997 Pune-bound aircraft from Delhi, carrying 152 passengers, was just 100 feet away from the Air India's AI 631 flight for Bhopal which had 109 passengers on board.

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