The Times Of India Business
Sensex jumps 632 points amid firm global trends
Equity indices extended gains for second straight session on Friday with the benchmark BSE sensex rising over 600 points tracking positive trend in global equities. The 30-share BSE index jumped 632 points or 1.17 per cent to close at 54,885. While the broader NSE Nifty settled 182 points or 1.13 per cent higher at 16,352.
Majority of Indian airline passengers unhappy at lousy service
India’s flying public is becoming increasingly frustrated with the nation’s airlines, according to a survey undertaken for Bloomberg, saying that customer service and the behavior of airline staff has deteriorated sharply in the wake of Covid-19.
RBI to increase rates but hikes need not be endless, says Shaktikanta Das
Further, rate hikes need not necessarily be endless as recent reduction in fuel taxes and ban on exports of some commodities may have a positive impact in bringing down price pressures and the geopolitical situation may also turn helpful.
Central bank gov says priority is inflation, but growth important: Report
The Reserve Bank of India's primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, governor Shaktikanta Das told The Economic Times in an interview published on Friday.
Geopolitical events, Covid hurt appetite for BPCL
The department of investment and public asset management (Dipam) had invited bids globally on March 7, 2020 for the privatisation of BPCL, but was forced to extend the date for submitting the initial bids multiple times due to the impact of the pandemic as potential bidders faced hurdles due to the lockdowns across the globe.
Twitter shareholders sue Elon Musk, say he 'deflated' stock price
The lawsuit filed late Wednesday in the US District Court for the Northern District of California claims the billionaire Tesla CEO has sought to drive down Twitter’s stock price because he wants to walk away from the deal or negotiate a substantially lower purchase price. “By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price,” the lawsuit says.
Infosys raises CEO Salil Parekh's salary by 88% to Rs 80 crore
Infosys has raised CEO Salil Parekh's compensation by a massive 88% to Rs 79.8 crore (more than $10 million), a reward for the industry-leading performance of the company, and the phenomenal increase in shareholder value during his tenure.
SBI economists peg Q4 GDP at 2.7%, FY22 growth at 8.5%
Upcoming release of official data for economic performance is likely to register a 2.7 per cent growth for the January-March period, and the FY22 growth is expected to be 8.5 per cent, economists at SBI said on Thursday.