Business

Junior aviation minister Jayant Sinha on Friday expressed hope of getting a winning bid for the national carrier in the next six to eight months.

The 30-share index rose 110.26percent or 0.32 per cent, to 33,958.29. All the sectoral indices led by power, capital goods, infrastructure and healthcare were up, rising by up to 1.01 per cent.

The dollar was firm against a few global currencies, but the strength in domestic equities came as a buffer for the rupee losses, analysts said.

The directive to the NGOs, companies and individuals to open foreign contribution accounts in banks, which are integrated with the central governments Public Financial Management System (PFMS), came for providing a higher level of transparency.

As per the data compiled by the Indian Banks' Association (IBA), the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs 5,191.72 crore was NPA.

The lower house later approved the supplementary demands envisaging a total additional expenditure of about Rs 66,113 crore, of which net outgo would be Rs 33,379 crore.

The Crypto Company's share price had risen 1,700 per cent between the end of September and Monday evening before the Securities Exchange Commission intervened to halt trades until January 4.

The 30-share Sensex climbed 358.11 points, or 1.07 per cent, to 33,605.11. It had gained 193.66 points in the previous session. The 50-share NSE Nifty too went up 110.20 points, or 1.07 per cent, to 10,362.30.

Through the $52.4 billion deal, announced on Thursday morning, Disney would be able to distribute its programming on Star India, operator of 69 TV channels in eight languages, as well as the popular Hotstar streaming service. Disney also would gain global...

The strategic partnership envisages GE Aviation and Tata Sons' subsidiary, Tata Advanced Systems Limited (TASL), to join forces for "manufacturing, assembling, integration and testing of aircraft components".

It was 3.59 per cent in October this year, and 1.82 per cent in November last year. Onion, a kitchen staple, witnessed a whopping 178.19 per cent rise in inflation last month on annual basis.

The 30-share BSE index was up 116.70 points, or 0.35 percent, at 33,169.74. The Sensex had lost 402.75 in the previous two sessions disappointed by grim economic data and the ADB lowering India's economic growth forecast.

The partially convertible rupee was trading at 64.44 per dollar versus its previous close of 64.40. In India, the currency follows foreign-exchange flows and shares, rather than track interest rate changes.

According to use-based classification, the growth rates in October 2017 over the year-ago month are 2.5 % in primary goods, 6.8 % in capital goods, 0.2 % in intermediate goods and 5.2 % in infrastructure/ construction goods.

Former Chief Economic Adviser Arvind Virmani said the government should carry out customs and exim duty reform as the sector has not seen reforms for 10 years.

During his pre-budget consultation meeting with the economists, Arun Jaitley said the government is following the road map of fiscal consolidation under which the fiscal deficit stood at 3.9 percent in 2015-16 and 3.5 percent in 2016-17 and is budgeted to...