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Negative global cues subdue equity indices

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Mumbai, Aug 10: Geo-political concerns over global protectionist measures along with profit booking dragged the Indian equity market in the red on Friday.

Other key factors such as broadly negative Asian markets and heavy selling pressure in banking sector subdued both the major equity indices.

Index-wise, the Nifty50 of National Stock Exchange (NSE) closed at 11,429.50, down 41.20 or 0.36 per cent from its previous close.

Similarly, the BSE on Friday provisionally ended lower from its previous close. It closed at 37,869.23 points, down 155.14 or 0.41 per cent from its previous close.

On Thursday, the barometer index touched a fresh record high of 38,076.23 points and a low of 37,939.28 points.

The wider NSE Nifty50 hit a new closing high of 11,470.70 points, higher by 20.70 points or 0.18 per cent

IANS

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ICPA seeks ‘one rank one pay’ for AI pilots

According to ICPA, from October 2017, the Air India management had started paying a section of wide-body pilots an ad-hoc amount at par with the new proposal which is yet to be approved by the ministry.

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New Delhi, Oct 17 ; The Indian Commercial Pilots’ Association (ICPA) on Tuesday sought ‘one rank one pay’ for all the pilots of the national passenger carrier Air India.

In a letter to Civil Aviation Minister Suresh Prabhu, ICPA urged the ministry to address the pilots’ pay parity issue which is the legacy of Air India-Indian Airlines merger that took place more than a decade ago.

According to ICPA, from October 2017, the Air India management had started paying a section of wide-body pilots an ad-hoc amount at par with the new proposal which is yet to be approved by the ministry.

The letter alleges that half of the flying allowance paid to wide-body pilots is still being paid in fixed US dollar exchange rate of Rs 45.50, while the present US dollar exchange rate has reached an all time high of Rs 74.

As per the letter, while majority of Air India pilots are paid international layover subsistence allowance on actual international night stops ($200), a section of wide body pilots continue to receive a fixed monthly international layover allowance irrespective of number of international night stops undertaken.

“We fail to understand as to why the top management has turned a blind eye to this issue which is bleeding the national carrier of high value foreign exchange,” the October 16 letter said.

“In spite of being in the know of the US dollars being paid to these pilots at an exchange rate of INR 45.50, the Director (Operations) has taken no initiative to correct the wrong for reasons best known to him,” it said.

IANS

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Sensex opens 140 points up, Nifty at 11,550

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Sensex equity Nifty

Mumbai, Oct 16: The 30-scrip S&P BSE Sensex on Tuesday opened in the positive territory tracking similar cues from its Asian peers.

Healthy buying was witnessed in auto, healthcare and capital goods counters.

The Sensex of the BSE opened at 35,004.33 points from its previous close at 34,865.10 points on Monday.

At 9.20 a.m., the Sensex traded at 35,006.10 points up by 141 points or 0.40 per cent.

The broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 10,550.15 points after closing at 10,512.50 points.

The Nifty traded at 10,545.00 points during the morning trade session, up 32.50 points and 0.31 per cent.

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NDTV, Airtel launch live channel

This partnership with Airtel allows us to use to dream potential the possibilities of digital and telecom technology.

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New Delhi, Oct 15 : Media firm NDTV on Monday announced its partnership with telecom service provider Bharti Airtel to launch live channel “NDTV HOP”.

The live channel for smartphones comes in portrait (vertical) mode with exclusive content for Airtel TV users.

“NDTV is valued and recognised for creating and launching terrific new content in the online space,” Suparna Singh, Group CEO, NDTV, said in a statement.

“This partnership with Airtel allows us to use to dream potential the possibilities of digital and telecom technology,” Singh added.

NDTV HOP would offer instant access to digital content covering the latest from news, Bollywood, auto, technology, pop-Culture, online deals, fashion and much more.

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