Indian Railways has missed its revenue targets — albeit marginally — for FY17, with th heavily-subsidised passenger segment yielding `1,000 crore less than the revised estimate announced in the Budget. Officials are, however, upbeat about a robust increase in the transporter’s revenue in the new financial year as both its passenger and freight traffic have lately started looking up.

Stocks: The S&P BSE benchmark sensex failed to maintain 30K level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syria. In this week, major indices trimmed their gains due to weak global cues. The Sensex and the Nifty gave up majority of the week’s gains after the news of U.S. striking Syria came out on Friday. Heavy distribution was observed in the final trading session of the week which shrunk the gains accumulated from the first two sessions.

Prime Minister Narendra Modi addressed a joint press statement with Bangladesh PM Sheikh Hasina on April 8 in New Delhi. 22 crucial agreements have been between India and Bangladesh. While addressing the meet, PM Modi started the conference by saying, “Today marks a golden era in India-Bangladesh ties. We thank PM Hasina for acknowledging our soldier’s efforts in liberating Bangladesh from the reign of terror.” Then while talking about the connectivity between the two countries he said, “Connectivity is crucial for the development of two countries.

Refusing to apologise to the Air India official whom he allegedly thrashed, Shiv Sena MP Ravindra Gaikwad on Saturday said he would only tender an apology from Parliament for disrespecting its dignity.

Asserting that it was a small conflict, Gaikwad said the staff of the airline is mad and around eight such cases of indulging into brawl have been registered against him.

Engineering conglomerate Larsen & Toubro (L&T) on Friday paved way for S N Subrahmanyan to take charge as the group’s managing director and chief executive officer in July. Subrahmanyan joined L&T in 1984 and was inducted into the L&T board in 2011.

L&T executive chairman A M Naik is expected to continue as non-executive chairman from October, for three years.

MUMBAI: Benchmark sensex plunged about 221 points to close at a one-week low of 29,706.61 on Friday, tracking weak overseas cues.

Global markets were spooked after US launched air strikes against Syria, fuelling geopolitical concerns.

Reliance Infrastructure Ltd (RInfra) today announced that it has bagged Rs 711 crore project in Tamil Nadu from the National Highways Authority of India (NHAI). “RInfra has received the Letter of Acceptance (LOA) from the NHAI for the construction of Vikkaravandi to Sethiyahopu section of NH-45 C in Tamil Nadu after it emerged as the lowest bidder for the development of the project on Engineering, Procurement & Construction (EPC) basis,” the company said in a statement.

As many as 4,558 listed companies have complied with markets regulator Sebi’s norms of having at least one woman director on board. All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive, as also under the Companies Act, 2013. These rules are aimed at ensuring gender diversity in boardrooms. As many as 4,192 and 1,721 companies are listed on the BSE and NSE, respectively.

A near collision was averted on Friday as an Air India and an IndiGo aircraft came face-to-face at IGI airport here.

Air India's Delhi-Goa AI156 was about to take off from runway 28 at 11.15 am when the Air Traffic Controller (ATC) asked the pilot to stop and come back to bay, Air India sources said.

The January-March quarter, a seasonally weak one for the Indian IT sector, may not show TCS, Infosys, Wipro and HCL Technologies in good light, with the appreciating rupee against the US dollar denting their operating profit margins by 40-50 basis points.

The Street expectation is that the Big Four of Indian IT may end up reflecting a sequential revenue growth in the range of 1.5-3.5% with HCL Technologies expected to post the highest rise while TCS is likely to maintain its momentum as the leader. For the fourth quarter of FY17, the rupee appreciated by 2% against the dollar, throwing a spanner into the works.

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