News
1. Terror attacks hit travel stocks: Shares in European airlines and tour operators are falling after a spate of terror attacks rocked Spain, killing or injuring people from 24 countries. Air France(AFLYY), British Airways owner IAG (ICAGY), easyJet (ESYJY) and
NEW DELHI (Reuters) – India’s biggest airline, IndiGo, said on Friday it had grounded eight Airbus A320 neo jets, in comments that came after local media attributed the action to issues with Pratt and Whitney-made engines in the aircraft. Local
3:10 pm Market Check: Benchmark indices were seen trimming a good chunk of its losses, with the Nifty trading above 9800-mark. The Sensex was down 288.14 points at 31507.32, while the Nifty was down 69.95 points at 9834.20. The market
NEW DELHI (Reuters) – The Indian government has threatened Philip Morris International Inc with “punitive action” over the tobacco giant’s alleged violation of the country’s anti-smoking laws, according to a letter sent to the company by the federal health ministry.
1:10 pm Market Check: Selling pressure on the market dominated for the larger part of the trading session so far, dragged largely by a fall in Infosys due to the exit of Vishal Sikka as its MD and CEO. The
ITC, MM, Bharti Infratel and UltraTech Cement gained the most on both indices, while Infosys, State Bank of India and Bank of Baroda were the top losers. Among global markets, Asia markets were pressured in early Friday trade after investors
The GOP is advertising its forthcoming tax reform bill as an historic boon to business. But a fierce fight is looming over the treatment of foreign earnings. For key industries, notably tech, pharma, and manufacturers that operate supply chains spanning
Infosys CEO and MD Sikka resigns
(Reuters) – Infosys Ltd, in a surprise announcement, said Vishal Sikka has resigned as CEO citing a stream of distractions and disruptions in recent months, pushing down shares of the second-largest Indian IT services firm almost 8 percent on Friday.
Market Live: Sensex, Nifty continue to trade weak as St digests Sikka’s exit; TCS up 2%
ITC, Mahindra and Mahindra (M&M), Bharti Infratel and UltraTech Cement gained the most on both indices, while Infosys, State Bank of India and Bank of Baroda were the top losers. Among global markets, Asia markets were pressured in early Friday
Market Live: Sensex opens 200 points lower, Nifty below 9850; Infy tanks as Sikka steps down
10:15 am Market Check: Weakness in the market continued in the first hour of trade, as the Street digested news of Infosys MD & CEO Vishal Sikka stepping down with immediate effect. Frontline indices were in the red, but ex-Infosys