The Sensex bounced nearly 166 points to 30,354 in early part on Monday, taking comfort from positive inflation numbers, with the hope that earnings momentum by blue-chips will keep up foreign capital inflows. A mixed trend prevailed in the rest of Asia.

The 30-share barometer jumped 165.90 points or 0.55%, to 30,354.05. Sectoral indices, led by metal, realty, banking, FMCG, capital goods and PSU, rose by up to 1.02%.

Indian Railways will install CCTV surveillance system at more than 900 stations under the Nirbhaya Fund at an approved cost of Rs 500 crore to strengthen security at rail premises.

Tenders will be floated shortly to install about 19,000 high definition CCTV cameras at 983 stations across the country to ensure round-the-clock security to passengers including women.

A group of petrol pump owners on Saturday said it has deferred the plan to shut shop on Sundays.

On April 10, the Consortium of Indian Petroleum Dealers (CIPD), which claims to have 25,000 members, asked its members to shut shop on Sundays starting May 14, in line with Prime Minister Narendra Modi’s vision to reduce fuel consumption. “We have been called by the government for a meeting in this regard on May 17 in Mumbai. Hence, we have asked our retail outlets to stay open on Sunday,” A D Sathyanarayan, president, CIPD, said.

In 2014, barely two months after the Narendra Modi government took charge, the Prime Minister’s Office (PMO) called a meeting to discuss the possibility of Air India advancing its revival by two years and subsequently going in for a stake sale. Three years later, despite some improvements, the state-owned carrier continues to struggle financially and is unlikely to achieve its target of making a net profit in FY19.

Despite lower fuel prices and higher passenger numbers, accumulated debt stood at Rs 46,000 crore and in April the airline took loans to pay salaries to its 16,000 employees.

As digitisation and automation become the new normal, information technology (IT) majors like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts.

Pink slips are likely for jobs in manual testing, technology support, and system administration since these are increasingly going to be managed by artificial intelligence (AI) and robotics process automation based systems.

Chennai/Mumbai: The initial public offer (IPO) for SBI Life Insurance, which aims to garner up to Rs 6,500 crore, could become the largest such offer in the country in almost seven years. On Friday, State Bank of India (SBI), the country's largest bank, said it was in the process of appointing eight merchant bankers for SBI Life's IPO in which its promoters — SBI and European insurance major Cardiff — are together selling 12% stake. This could value the life insurer at more than Rs 50,000 crore (close to $8 billion).

LONDON: Curries have always found favour in the UK. It seems that preference is now ex tending to all things `masala' or more precisely, masala bonds.

The London Stock Exchange (LSE) saw listing of these bonds worth Rs 7,000 crore in two days. If it was surface transport minister Nitin Gadkari launching Rs 5,000 crore worth of NHAI bonds on Thursday, it was power, coal and renewable energy minister Piyush Goyal's turn on Friday to kick off trading of papers worth Rs 2,000 crore from India's biggest generation utility, NTPC.

Hyderabad, May 12 (PTI): The Securities Appellate Tribunal today directed Sebi to pass a fresh order in the Satyam case with respect to the quantum of punishment given to the erstwhile company's founder B. Ramalinga Raju and four others.

While agreeing with Sebi's finding that the individuals violated regulations, the tribunal said the decision to uniformly restrain all the appellants from accessing the securities market for 14 years "without assigning any reasons is unjustified".

Xiaomi is increasing its office retail presence in China as bids to gain ground stolen by rivals in its homeland, and now it is making that very same push in its second largest market, India.

The Chinese company, which is valued at $45 billion, suffered a tough time last year as sales growth slowed — Xiaomi, notably, didn’t go public with sales figures for 2016 — but India has been a bright spot.

New Delhi: PNB Housing Finance has reported a jump of 49% in its net profit to Rs 152.4 crore for last quarter ended March 2017 on healthy net interest income.

The company’s net profit in corresponding March quarter of the previous fiscal stood at Rs 102.60 crore.

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