Business

Fresh approval was necessitated in view of the MHA pointing to alleged global and domestic "transgressions" by Vedanta Group.

Currently, the two no-frills brands that Jet operates are JetLite, which it bought from Sahara group, and Jet Konnect.

During the quarter, net interest income of the bank rose 12 per cent year-on-year to Rs 3,116 crore.

The Sensex fell 34.08 points, to close at 15,814.72 and the Nifty declined 4.10 points, to end at 4,742.80.

The Chief Economic Advisor said that he is expecting GDP growth between 7 to 7.5 per cent.

The Nifty touched 4,588.05 in an intra-day trade, before finishing up 12.45 points at 4,636.75.

The billionaire Ambani brothers on Wednesday appeared to signal that their bitter rivalry may end.

IndiGo, Jet Airways, Air Arabia, flydubai and Jazeera Airways are eyeing expansion.

Index heavyweights Reliance Industries, Infosys, ICICI Bank, ONGC, Bharti Airtel and SBI were down 0.9-2 per cent.

Kingfisher, India's third largest airline by market share, has been struggling to raise funds to continue operations and repay debt.

In the chargesheet CBI had named Anshuman Ruia, Ravi Ruia, Kiran Khaitan, IP Khaitan and Vikas Saraf.

Debt-ridden Kingfisher Airlines and Air India made part-payment of their service tax dues and the accounts were de-freezed on Tuesday.

Reliance has shortlisted Delhi, Mumbai and Bangalore as the tentative locations to launch the business.

Sensex ended this week on a fragile note ahead of the action-packed events lined-up for the upcoming week.

The move came after the rating agency put the credit ratings of 15 euro zone nations on watch.

The Prime Minister assured the telecom companies that he would look into their concerns.