Akasa Air is set to close an order for around 150 Boeing 737 MAX narrowbody planes, two sources said, its latest bid to tap the travel boom in the world's fastest-growing aviation market. Contract negotiations are ongoing and a deal is expected to be announced at Wings India, the country's largest civil aviation event scheduled for Jan. 18-21, said the two sources familiar with the ongoing talk.

Amid a rise in the adoption of battery-powered scooters among consumers, electric two-wheeler (E2W) sales in the country jumped 36.07 percent to 8,59,269 units in 2023, which is higher than 6,31,476 units in 2022, according to the government’s transportation data portal VAHAN. “Reflecting on the events of 2023, it proved to be a tumultuous year for electric two-wheelers, marked by policy swings.

Denmark's Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route.

The S&P 500 and Nasdaq Composite closed the first trading session of 2024 lower, weighed by a fall in Apple shares after a broker downgrade and declines among other big-tech names triggered by a move higher by Treasury yields. The lackluster session follows a year where Wall Street's three major indexes notched double-digit gains on the back of optimism around artificial intelligence.

Right Horizons anticipates robust annual earnings growth over the next three years, driven by a multi-decadal growth outlook for the economy, healthier corporate balance sheets, expanding capex trend focused around infra, a multi-year credit cycle for financials, a structural increasing trend in discretionary consumption and a dependable reservoir of domestic capital, says Anil Rego.

Asian shares extended a global sell-off on Wednesday while the dollar held gains as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of the release of Fed minutes and jobs data. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1% after a 1.0% drop the previous day in a sluggish start of the new year. Japan markets remain shut for a holiday.

Promoter selling shows no sign of slowdown in new year 2024 as Japan’s Sumitomo Wiring Systems looks to sell its entire 14.15 percent stake in Samvardhana Motherson soon, according to sources. At the current market cap of Rs 71,150 crore, the deal may be worth well over Rs 10,000 crore. The Japanese firm has appointed Nomura as the investment banker for the stake sale, sources told Moneycontrol.

#1. Indian equities end in red on profit booking, bulls look for fresh triggers After a long rally, both the Sensex and Nifty ended in the red, and there was selling in auto, private banking, capital goods, IT and realty sectors. The Sensex ended the session at 71,892 points, down 0.53 percent. The Nifty dropped 0.35 percent. The decline for both the gauges was the sharpest since December 20.

The benchmark Sensex and Nifty are likely to open marginally lower on January 3 as trends in the GIFT Nifty indicate a negative start for the broader index with a loss of 70.5 points. On January 2, the BSE Sensex was down 380 points at 71,893, while the Nifty50 fell 76 points to 21,666 and formed a bearish candlestick pattern with a long lower shadow on the daily charts indicating some buying.

A record 19.5 per cent of the total vehicles sold in Delhi in December were electric vehicles, the highest-ever reported in any state in the country till date, Transport Minister Kailash Gahlot said on Tuesday. Delhi has a policy to encourage people to switch to electric vehicles and it lapsed on December 31 after multiple extensions. It will be extended till March 31, officials had said.

Rail Vikas Nigam: The joint venture KRDCL-RVNL has received a letter of acceptance for major upgradation and redevelopment of Varkala Sivagiri railway station. The project cost is Rs 123.36 crore. KRDCL is the lead member in the project with 51 percent share, and RVNL is the other member with 49 percent share. Further, Rail Vikas Nigam has signed a MoU with REC for mutual benefits.

The market is likely to consolidate further with a negative bias in the coming sessions. The crucial support to watch out for would be 21,500 on the Nifty 50, while 21,800-21,850 is expected to be the hurdle on the higher side, experts said, adding that unless and until the index gives strong close above the hurdle, the much-awaited 22,000 mark is unlikely. On January 2, the BSE Sensex was down.

A day after the Burman family, the largest shareholder of Religare Enterprises Limited (REL), announced an open offer to buy more shares to take control of the financial services conglomerate, Rashmi Saluja, executive chairperson of the company, acquired around 8% stake in its wholly-owned shadow bank Religare Finvest Limited (RFL), through an Employees Stock Option Plan (Esop) award.

NEW DELHI: Embattled billionaire Gautam Adani will face his moment of truth today as the Supreme Court will announce its verdict on the Hindenburg issue in which crores of investor wealth was lost.Last month, a Supreme Court Bench headed by Chief Justice DY Chandrachud had reserved its order on a batch of pleas last month. Investors were relieved as the apex court said one does not have to treat,

The market ended in the negative territory but managed to recover from its intraday lows on January 2. The Nifty maintained its position above 21,600, while the Sensex experienced a decline of 379 points, closing at 71,892. The Nifty recorded a decrease of 82 points, settling at 21,660. The Nifty Bank lost 521 points to close at 47,713, and the Midcap Index slipped 73 points to 46,400.