Reporter Raquel Camila

The National Stock Exchange of India (NSE) and the BSE took an important decision recently on the ‘India Industry Classification’ structure for listed companies. The four-level industry classification structure comprises 12 macro economic sectors, 22 sectors, 58 industries and 200 basic industries.   The classification will come into effect from March 31, the bourses said in a statement and adding that a detailed guideline governing the industry classification structure and categorisation of companies listed and traded at NSE and BSE can be accessed on the respective websites. Introduction of the new Industry Classification structure jointly by NSE and BSE is expected to bring in a harmonised approach, while categorising companies into different sectors and should be uniformly used by all capital market intermediaries, the statement from the exchanges further said.  Global indices A standard industry classification is not new to global markets. S&P-500 and Morgan Stanley...

Share Market News Today | Sensex, Nifty, Share Prices LIVE: The benchmark indices opened lower as global sentiment remained subdued amid a sharp rally in oil prices again. Both indices extended losses as the BSE Sensex fell 300 points to below 57,050 levels, while the NSE Nifty was at 17,040, lower by 80 points. In the broader markets, the BSE MidCap and SmallCap indices were also in red, trading 0.9 per cent and 0.4 per cent lower, respectively. Sectorally, Nifty Bank, Auto FMCG, Financials, Realty and Auto were all in red with losses between 1-2 per cent. On the flipside, Oil & Gas, IT and Metal indices were bucking the overall trend, trading up to 1.5 per cent higher. Reliance Industries, Powergrid, Tata Steel, Tech Mahindra and Sun Pharma were among the top gainers, while HUL, Nestle, Asian Paints, Axis Bank and SBI were the laggards. BSE Tata Motors to increase prices of commercial vehicles, stock down marginally Tata Motors has announced an impending price hike of its commer...

Russia said it is ready to provide humanitarian corridors on Wednesday for people fleeing Kyiv and four other Ukrainian cities, as the number of refugees created by the biggest assault on a European country since World War Two surpassed 2 million. Refugees fleeing the ongoing Russian invasion of Ukraine wait for hours to board a train to Poland, outside the train station in Lviv, Ukraine, March 8, 2022. Mikhail Mizintsev, head of Russia’s National Defence Control Centre, was quoted as saying by the Tass news agency that Russian forces would “observe a regime of silence” from 10 a.m. Moscow time (0700 GMT) to ensure safe passage for civilians wishing to leave Kyiv, Chernihiv, Sumy, Kharkiv and Mariupol. It was unclear if the proposed routes would pass through Russia or Belarus, conditions previously opposed by the Ukrainian government. Civilians fled the besieged city of Sumy on Tuesday in the first successful “humanitarian corridor” opened since Russia’s invasion. Ukraine accused Russi...

“To my knowledge, it wasn’t pre-consulted with us that they planned to give these planes to us,” State Department Undersecretary of State for Political Affairs Victoria Nuland told a Senate Foreign Relations Committee hearing. “So I think that actually was a surprise move by the Poles,” she said. State Department Under Secretary for Political Affairs Victoria J. Nuland speaks during a briefing at the State Department in Washington, DC, January 27, 2022. Poland is ready to deploy all its MiG-29 jets to Ramstein Air Base in Germany and put them at the disposal of the US, and urges other NATO members that own planes of that type to do the same, the Polish Foreign Ministry said earlier. Ukrainian President Volodymyr Zelenskyy last week made a “desperate plea for European countries to provide Russian-made planes” for Ukraine’s fight against Russian invaders during a video call Saturday with US lawmakers. US lawmakers have been pushing the Biden administration to facilitate the transfer of f...

Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea. Russian President Vladimir Putin gestures during his visit to Aeroflot aviation training complex outside Moscow on March 5, 2022. Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot, S7 Airlines and AirBridgeCargo are among those outside Russia that are hit directly by sanctions. Foreign airlines, meanwhile, are reeling from higher oil prices and longer routes needed to bypass airspace over Russia that are expected to drive up ticket prices and air freight rates. Aircraft leasing, insurance impact. Russian airlines have been highly reliant on the global aircraft leasing industry to modernize their fleets with the latest Airbus and Boeing planes. Russian carriers have 980 passenger jets in service, of which 777 a...

 The foreign minister of the United Arab Emirates discussed developments in Ukraine and ways to strengthen two-way ties during a telephone call with US Secretary of State Antony Blinken on Wednesday, the state news agency said. US Secretary of State Antony Blinken and UAE FM Sheikh Abdullah bin Zayed Al Nahyan Sheikh Abdullah bin Zayed al-Nahyan and Blinken discussed the importance of reaching a political settlement to the Ukrainian crisis, it added.

Saudi Arabia’s embassy in Ukraine said on Tuesday it was closely following up with the Ukrainian authorities the case of a Saudi citizen detained by Kyiv on security grounds. An illustration of the Saudi Foreign Ministry logo The Kingdom’s embassy said it was in constant contact and coordination with the Ukrainian authorities to ensure the safety of the Saudi citizen. The embassy confirmed that it continued to work intensively to implement the plan to evacuate Saudi nationals stuck in Ukraine under the guidance and continued follow-up of Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan. The Saudi embassy in Kyiv added that work was underway to evacuate the remaining number of Saudi nationals, and coordination continued with the Ukrainian side to find out the safe corridors through which citizens can cross from conflict areas to neighboring countries. The Kingdom’s missions in those countries were coordinating with the concerned authorities to facilitate their entry and departu...

President  Volodymyr Zelenskyy  said he is no longer pressing for NATO membership for Ukraine, a delicate issue that was one of Russia’s stated reasons for invading its pro-Western neighbor. This handout video grab taken and released by the Ukraine Presidency press service on March 7, 2022 shows Ukrainian President Volodymyr Zelensky speaking in the capital Kyiv In another apparent nod aimed at placating Moscow, Zelenskyy said he is open to “compromise” on the status of two breakaway pro-Russian territories that President Vladimir Putin recognized as independent just before unleashing the invasion on February 24. “I have cooled down regarding this question a long time ago after we understood that … NATO is not prepared to accept Ukraine,” Zelenskyy said in an interview aired Monday night on ABC News. “The alliance is afraid of controversial things, and confrontation with Russia,” the president added. Referring to NATO membership, Zelenskyy said through an interpreter that he d...

They say 'fortune can turn the tables and break mountains.' Amtek Auto was a company which was favoured by fortune for quite a long time. With success, hard work and luck, it created the perfect recipe for mind-blowing returns for any investor. But the winds of fortune did not favour them for too long. It soon started to rain, bringing in floods of misfortune. The founder himself and acts of the company at large can be deemed responsible for many such mishappenings.  So, what is it that went wrong, and how is the company now sailing upon the flood? Well, scan further to get the answer. Amtek Auto  HISTORY AND GROWTH STORY OF AMTEK AUTO Not ready to join the family business Aravind Dham, the CMD of Amtek Auto was all set to establish his very own enterprise. Started in 1985, the company was incorporated in 1988. The company started its operation at a time when the Government of India was opening up the auto sector.  So the demand was also increasing as the days passed by....

 KYIV, Ukraine : Ukraine’s leader decried Russia’s escalation of attacks on crowded cities as a blatant terror campaign, while President Joe Biden warned that if the Russian leader didn’t “pay a price” for the invasion, the aggression wouldn’t stop with one country. “Nobody will forgive. Nobody will forget,” Ukraine’s President Volodymyr Zelenskyy vowed after Tuesday’s bloodshed.  “Nobody will forgive. Nobody will forget,” Ukraine’s President Volodymyr Zelenskyy vowed after Tuesday’s bloodshed on the central square in Kharkiv, the country’s second-largest city, and the deadly bombing of a TV tower in the capital. He called the attack on the square a “frank, undisguised terror” and a war crime. Biden used his first State of the Union address to highlight the resolve of a reinvigorated Western alliance that has worked to rearm the Ukrainian military and adopt tough sanctions, which he said have left Russian President Vladimir Putin ”isolated in the world more than he has ever...

             President Zelenskyy says Moscow aims to ‘erase’ Ukraine as Russia’s military claims to have captured key southern city. Russia is waging a multipronged assault on Ukraine Russia claims its forces have captured Kherson, in Ukraine’s south. Local authorities deny Kherson has fallen, but say Russian troops have encircled the city. Deaths mount as Russian strikes pound several cities including the capital, Kyiv, and the northeastern city of Kharkiv. US President Joe Biden says Washington will ensure Russian President Vladimir Putin pays “a heavy price” for the invasion. Miles-long Russian military convoy continues its advance on Kyiv. President Volodymyr Zelenskyy says Moscow is aiming to “erase” Ukraine.