Business

Mibor (Mumbai Inter-Bank Offer Rate) is the interest rate at which banks borrow from another for short term purposes.

Even though many of Unilever's recent acquisitions have focused on beauty and personal care products, buying Horlicks is a rare opportunity for Unilever to increase its scale in India.

The Nikkei India Manufacturing Purchasing Managers' Index strengthened from 53.1 in October to 54.0 in November, signalling the strongest improvement in the health of the sector in almost one year.

The decision of the State Administrative Council (SAC), headed by Governor Malik, to change J&K Bank to a PSU has been criticised widely. It is being termed as a “seemingly economic intervention with political undercurrents.”

The government has settled Rs 18,262 crore to CGST and Rs 15,704 crore to SGST from IGST as regular settlement.

Hindu groups have cheered him for turning up the heat on RBI Governor Urjit Patel but investors worry the central bank's independence is being compromised in the process.

Telecom Watchdog, in a letter to TRAI, claimed that forcing users to cough-up a minimum monthly amounts was like demanding a monthly rent "which is not the practise for pre-paid users".

In September, the RBI decided against any extension for Rana Kapoor to continue as MD and CEO beyond January 31, 2019 and asked the bank to find a replacement.

In the previous April-June 2018 quarter, Jio led the chart on standalone basis with Rs 7,125.7 crore AGR. However, the combined AGR of Vodafone and Idea, which were in the process of merger, was more than that of Reliance Jio at Rs 8,226.79 crore.

The 30-share index bounced by 134.93 points, or 0.38 per cent to 35,334.73, with sectoral indices led by IT, teck, FMCG and oil and gas stocks advancing up to 1.15 per cent.

Industrialists like Anand Mahindra and top representatives from industry chambers CII, Ficci and Assocham, among others, would share their inputs and feedback for the roadmap required to move ahead in that direction, they added.

Runway 27/09 has been closed for repairs for 13 days at the Indira Gandhi International Airport (IGIA), operated by DIAL. IGIA is the busiest aerodrome in the country and has three runways.

The Sensex opened higher and advanced further to scale the day's high of 35,545.85, but settled at 35,457.16 points, a gain of 196.62 points, or 0.56 per cent, due to profit-taking activity.

Tata SIA Airlines, a joint venture between Tata Group and Singapore Airlines, operates airline company Vistara.

In a statement, Fitch said it expects India's real GDP growth to rise to 7.8 per cent in the fiscal year ending March 31, 2019, from 6.7 per cent in FY2017-18.

The airline had earlier this week admitted that the company was in talks with "multiple interested parties" for fund infusion as well as selling six of its Boeing 777 planes and a stake in its loyalty progarmme Jet Privilege.