Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise

Mumbai, May 20 (PTI) Domestic financial markets Monday cheered exit poll results that showed the ruling NDA is likely to win the general elections, with the benchmark BSE Sensex skyrocketing over 900 points, and the rupee appreciating 79 paise against the US dollar.

After soaring over 962 points in early…

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Etihad nominee on Jet board Robin Kamark quits

Mumbai May 18 PTI:  Grounded carrier Jet Airways Friday said Etihad nominee director on the airline’s board, Robin Kamark, has quit the company with effect from May 16.

After Kamark’s exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations around mid-April…

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Rupee slips 29 paise to 70.32 vs USD in early trade

Mumbai, May 17 (PTI) The rupee declined by 29 paise to 70.32 against the US dollar in opening trade Friday as crude oil prices firmed up and US-China trade related concerns weighed on investor community.

Forex traders said, besides the US-China trade concerns, foreign fund outflows also…

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SAIC unveils MG Hector in India

Mumbai May 16: Chinese carmaker Shanghai Automotive Industrial Corporation (SAIC) took the covers off its much anticipated SUV, the MG Hector here today. The Chinese carmaker which has joint-ventures with General Motors and Volkswagen Group in the Chinese market and is the largest automobile manufacturer in China has been…

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