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Sensex scales 30,000-mark in early trade

Sensex scales 30,000-mark in early trade

The benchmark Sensex on Tuesday regained the 30,000-mark early on by surging over 76 points after investors built more bets and domestic financial institutions continued buying amid mixed Asian cues.

The 30-share index, which had gained 67.35 points in the previous session, added 76.39 points, or 0.26%, at 30,002.54 on sustained buying activity in early trade.

Air India to fly to Los Angeles, Stockholm, Nairobi this year

Air India to fly to Los Angeles, Stockholm, Nairobi this year

National carrier Air India will launch flights to three new destinations in the US as well as to Stockholm, Nairobi and Tel Aviv this year, its chief Ashwani Lohani said on Tuesday.

Making it the fifth non-stop destination in the United States, a direct service would start to Washington from July 7, followed by a flight to Los Angeles from September 1 and then to Dallas.

FSSAI panel cracks whip on junk food, bats for tax, ad ban on kid's channel

FSSAI panel cracks whip on junk food, bats for tax, ad ban on kid's channel

An expert panel set up by food regulator FSSAI has recommended additional tax on highly processed food items and sugar-laced beverages as well as a ban on advertising of junk foods on children's channels or during kids' shows on TV.

The report by the 11-member panel on 'Consumption of Fat, Sugar and Salt (FSS) and its health effects on Indian population' suggests ways to cut consumption of unhealthy food products and reduce rising burden of chronic diseases like cancer and diabetes.

Coal India hopes for export deal with Bangladesh this year

Coal India hopes for export deal with Bangladesh this year

State-owned Coal India is planning to conclude an agreement with the government of Bangladesh this year to start export of coal to that country.

Demand for thermal coal recently began picking up, but Coal India still has a 69 million tonne (mt) stock as carryover from the previous year’s production. Its officials are now eyeing the South Asian region, to clear the stock and for future contracts.

Ramky Infrastructure wins Rs 337 crore contract from NHAI in Jharkhand

Ramky Infrastructure wins Rs 337 crore contract from NHAI in Jharkhand

NEW DELHI: Ramky Infrastructure today said it has won a Rs 337 crore highway project in Jharkhand from National Highways Authority of India.

"Ramky Infrastructure Ltd has been awarded project worth Rs 336.60 crore in Jharkhand by NHAI on EPC (engineering, procurement and construction) mode," the company said in a filing to the BSE.

Facebook does a Netflix, to debut in premium TV shows next month

Facebook does a Netflix, to debut in premium TV shows next month

Facebook is making a debut in premium television and developing around 24 shows that will be premiered in mid-June, media reports said.

There will be both long duration shows on the pattern of 'House of Cards' and also 5-10 minutes shows that will be added to Facebook app's video tab daily, Business Insider reported on Friday.

Why the street is positive on ICICI Bank

Why the street is positive on ICICI Bank

It was least expected that March quarter (Q4) results of ICICI Bank will create such a huge impact on its stock price. The bundled effect of net profit trebling, loan growth looking positive, and more importantly, the optimistic management commentary on gradual increase in bad loan additions has helped ICICI Bank stock gain over 12 per cent since last Wednesday. Currently trading at Rs 303, the stock is near its 52-week high. Part of the surge can also be attributed to reports that the stock could see higher weightage in a few key indices which are due for routine re-adjustment, leading to some buying by fund managers.

Tata Motors expects 15 per cent growth in commercial vehicles exports

Tata Motors expects 15 per cent growth in commercial vehicles exports

On the back of an over 11 per cent growth last year, largest commercial vehicles maker Tata Motors expects to ship at least 15 per cent more trucks and buses this financial year as it hopes to export at least half of the banned BS-III inventory. The company also expects domestic sale of commercial vehicles, led by LCVs and buses, to grow 10-15 per cent in fiscal 2018 aided by a favourbale GST rate and the likely normal monsoons.

TVS offers compensation of Rs 57 crore to dealers for loss during BSIII vehicle ban

TVS offers compensation of Rs 57 crore to dealers for loss during BSIII vehicle ban

After the ban of sale and registration of two-wheelers compliant with BSIII emission norms from 1st April, 2017, a number of dealers offered heavy discounts to potential buyers. Since the decision was announced on 29th March, 2017, two-wheeler dealers which had its BSIII stock were left only with this option. In lieu of this, TVS Motor India is compensating its dealers who have faced losses by offering hefty discounts. The one-time provision amount totals to Rs 57 crore and the company is acquiring the leftover BSIII stock from the dealers as well. Most of this leftover stock will be exported to countries where BSIII emission norms are still compliant.

Air India to launch Boeing 777 flights on Delhi-Chennai

Air India to launch Boeing 777 flights on Delhi-Chennai

NEW DELHI: Air India has said that they will operate bigger Boeing 777 aircraft between Delhi and Chennai sector starting today to clear the summer rush during the holiday months.

“From today, our evening flight between Delhi and Chennai would be operated by a 300-seater Boeing 777. The flight will leave for Chennai in the evening and return to Delhi late in the night. We hope to fill our planes due to the summer travel rush that starts now,” said a senior Air India official, who did not want to be identified.

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