Sensex Slumps 500 Points Amid P-Note Jitters. Don’t Panic, Says Jaitl...
Finance Minister Arun Jaitley has sought to calm investors after the Sensex fell more than 500 points on Monday, amid jitters over a recommendation for stiff norms for participatory notes or P-Notes and a steep 8 per cent plunge in China markets. Mr Jaitley promised that “the government will... read more »
Jet Airways slash business class prices, announces special fares
Jet Airways has announced special premiere fares for all passengers travelling on its domestic network between July 20 and October 15. The all inclusive premiere fares will start from Rs 6,999 for distances less than 750 km and Rs 8,999 for distances between 750 km and 1000 km, which will be... read more »
Spicejet shares surge over 5 per cent on stake sale buzz
Shares of Spicejet on Monday surged over 5 per cent amid reports that two Gulf airlines have approached the company for buying a stake in the domestic firm. Following the buzz, the stock rose by 5.22 per cent to Rs 23.15 on Bombay Stock Exchange (BSE). On the volume front, 29.97 lakh shares of the... read more »
Gold Tumbles to More Than Five-Year Low, China Shares Eke Out Gains
Gold prices tumbled to a more than five-year low Monday, and China shares rose modestly, after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold fell 2.3% in a matter of minutes early Monday, after China’s central bank reported on Friday its gold... read more »
