Business

The former pilots are seeking compensation for mental harassment and salary dues, according to sources.

Network18's net profit stood at Rs 6.8 crore while TV18 reported consolidated net profit of Rs. 21.3 crore.

While auto, metal, banking, realty, capital goods and IT sector indices remained in the negative zone, an upsurge in oil and gas sector as stocks of Reliance Industries gained.

"We are not having any problem with our Dreamliners. The problems we had earlier were fixed," Arun Mishra, DGCA, said.

In a statement on Tuesday, CEO Akbar al-Baker denied it was involved in any discussions for a possible investment.

RIL's appeal against the SEBI was scheduled to be heard by SAT on Jan 4, but it had adjourned the hearing to Jan 11.

Morgan Stanley also expects the merger of Sesa Goa Ltd and Sterlite to be concluded by the end of March.

The Dreamliner jet had three technical mishaps in January, including an electrical fire that caused severe damage to a plane.

Revised data for October showed production at factories, mines and utilities grew 8.3 per cent compared with 8.2 per cent earlier.

Revenues rose by 5.74 per cent to Rs 10,424 crore, beating analysts expectations by a small margin.

Kingfisher is burdened with a loss of Rs 8,000 crore and a debt burden of another over Rs 7,524 crore.

Automakers sold 141,083 cars in India in December, according to data released by the SIAM.

Meanwhile, sources said the EGoM has proposed 30-50 per cent price cut in CDMA spectrum price and the Cabinet will take a final decision on the issue.

Capital goods, FMCG, realty and banking shares were on the casualties' list, while metal, pharma and select oil & gas shares did well.

The BSE index provisionally gained 0.02 per cent, while the 50-share NSE index ended up 0.11 per cent, both marking their highest closes since January 2011.

Bharti Infratel has about 34,000 towers and owns 42 per cent of Indus Towers, the world's largest tower operator.