Sensex closes about 20,000 mark level: The BSE benchmark Sensex on Friday closed about 20,000 mark level for the first time in two years. The Sensex gained 75.01 points, or 0.38%, to close at 20,039.04, a level last seen on January 6, 2011.
Diesel price hikes-: From Thursday, government allowed state fuel retailers to raise prices of diesel by up to Rs 0.50 a litre each month to gradually line up with market rates.
Sanjay Kapoor resigns from Airtel: Sanjay Kapoor, CEO of Bharti Airtel (India and South Asia) has resigned from the company. Gopal Vittal will take over as the head of its Indian operations with effect from March 1, 2013
Kingfisher’s another attempt to convince DGCA fails: Kingfisher Airlines made another attempt to convince DGCA on its revival plans. The aviation regulator wanted details on its funding, which it failed to provide.
Sebi's new norms: On Thursday, Sebi asked listed companies to obey the new norms. Listed companies are required to supply details about the schemes to the stock exchanges within one month from Thursday. Also, the details have to be put up on their websites.
Reliance Q3 results announced: Reliance Industries (RIL) on Friday posted December quarter numbers. It surprised the street by better-than-expected result. The company had a net profit of Rs 5502 crore and the sales stood at Rs 93886 crore.
Q3 results of IT companies: TCS, India's largest software services exporter, on Monday evening reported third quarter net profit of Rs 3,551 crore. It’s revenue rose 3 percent sequentially to Rs 16,070 crore. Wipro, the third largest software services exporter reported a better-than-expected growth of 6.5 percent quarter-on-quarter in net profit at Rs 1,716 crore. Along with the IT sector, banking sector also announced its Q3 results. India's second largest private sector lender HDFC Bank announced its result on Friday. It reported a persistent 30 percent year-on-year jump in its third quarter net profit at Rs 1,859 crore. India's third largest private sector lender Axis Bank posted its October-December quarter net profit on Tuesday. It scaled up to a forecast beating 22% year-on-year to Rs 1,347 crore.
Air India closes bookings for Dreamliner flights: Air India on Thursday, temporarily stopped operations of its Boeing 787 Dreamliner aircraft. It was on the directive of the country's Aviation Regulatory Authority, the DGCA (Director General of Civil Aviation).