Sunday, October 04
Mumbai: India's equity indices ended 0.7% lower on Friday after falling as much as 1.6% earlier in the day after Israel's strikes on Iran raised fears of supply disruption of crude oil and a wider conflict in the Middle East. Brent Crude Futures jumped over 7% to $74.6 per barrel on Friday.Analysts said the underlying bullish undertone helped the market cut a portion of its losses in Friday's trading session. "Despite the bearish news flows, the decline in the market was limited as benchmark Nifty held the key support level of 24,460 and recovered the losses made in the early trading session," said Akshay Chinchalkar, head of research, Axis Securities.The NSE Nifty fell 0.7%, or 169.60 points, to finish at 24,718.60. The BSE Sensex moved 0.7%, or 573.38 points, lower at 81,118.60. Both ind
New Delhi: Air India's ill-fated Boeing 787-8 Dreamliner that crashed soon after take off from Ahmedabad airport on June 12 underwent comprehensive maintenance checks in June 2023 and was due for the next scheduled comprehensive checks in December this year, according to airline officials. The plane enroute to London Gatwick crashed into the residential quarters of BJ Medical College in Ahmedabad. Apart from 241 people onboard the plane, many others on the ground also died. Officials said on Saturday that the aircraft VT-ANB underwent C checks or comprehensive checks in June 2023 and the next such scheduled checks were to happen in December this year. The C checks were done by AIESL (AI Engineering Services Ltd). The right side engine of the nearly 12-year-old aircraft was overhauled and i
