Mumbai, Sensex closed below the 39,000 mark on Thursday, marked by heavy volatility in specific stocks. The fear-index or the 'VIX' surged over 5 per cent.

Analysts said the volatility was also high owing to the mixed quarter earnings and tepid auto sales.

Sensex ended 50.12 points or 0.13 per cent lower at 38,981.4 and the Nifty finished -23.40 points or 0.20 per cent lower at 11,724.75.

Mumbai Mahindra Group and Ford Motor Company have entered into a definitive agreement to co-develop a midsize sports utility vehicle (SUV).

According to a joint statement issued on Thursday, under the new agreement, Mahindra and Ford will work together to introduce a benchmark product for India and emerging markets.

New Delhi, The Supreme Court on Friday threatened to jail Malvinder Mohan Singh and his brother Shivinder Mohan Singh, former promoters of pharmaceutical company Ranbaxy, for not complying with an order to pay dues to Japanese firm Daiichi Sankyo.

"We will go into the issue - why you violated our orders. We will send you to jail," the apex court said.

The court was hearing a petition filed by Daiichi Sankyo, which is seeking to recover Rs 3,500 crore awarded to it in an arbitration by a Singapore tribunal against the Ranbaxy brothers.

Mumbai The beleaguered Videocon Group has admitted to stupendous outstandings to various lenders - public and private - amounting to over Rs 90,000 crore, making it perhaps the biggest corporate bankruptcy case in Indian banking history, official sources said on Thursday.

The two main group companies - Videocon Industries Ltd (VIL) and Videocon Telecommunication Ltd. (VTL) - owe Rs.59,451.87 crore and Rs.26,673.81 crore, respectively or a staggering Rs.86,125.68 crore to Indian banks, led by the State Bank of India (SBI).

New Delhi, The pilots' union of Jet Airways on Sunday postponed, till April 15, their decision to go on mass leave to protest non-payment of salaries.

The decision comes after Jet Airways on Saturday said it will soon pay the remaining December salaries to employees.

Chandigarh Verka Punjab’s iconic dairy brand launched its new Ice Cream range under sub brand name “Amour” with a tag line “One True Love” hereby expanding its product portfolio and strengthening it further. 
Every Verka product has been a crowd pleaser and the brand has been a frontrunner when it comes to innovation and bringing new and best quality to consumers, taking this legacy forward the new range of ice cream will bring for the consumer a taste they’ll never have enough of.

Ambrane India one of the leading brand in Mobile Accessories and no.1 in Power Banks, strengthens its Audio Portfolio with Bluetooth Wireless Speaker ‘BT 2900’ that comes in Premium Metal Finish Bottom with the very unique stylish moon shaped design. 

Mumbai, Shares of Anil Dhirubhai Ambani-led Reliance Communication (RCOM) settled 10 per cent higher on Tuesday after it paid the due amount of Rs 580 crore to Ericsson on Monday.

Reliance Communication closed at Rs 4.40 per share, up 10 per cent from its previous close.

Markets were on a roll in the last week and gained on all five days even though Thursday's gains could be termed as flat. BSE SENSEX gained 1,352.89 points or 3.69% to close at 38,024.32 points. NIFTY gained 391.45 points or 3.55% to close at 11,426.85 points. BSE MIDCAP was up 2.48% while BSESMALLCAP was up 2.12%. These two that led the rally three weeks ago have slowed down, but have certainly not lost the momentum. There have been changes in the groups and under the ‘ASM advanced surveillance mechanism, margins on big gainers has increased manifold reducing the activity in those counters.

New Delhi India grounded all Boeing 737 MAX aircraft on Wednesday evening, affecting hundreds in airports, but the US aviation regulator questioned the global grounding of the fleet after an Ethiopian Airlines crash.

"No B737 Max aircraft will be allowed to enter or transit the Indian airspace effective 1600 hours," the Ministry of Civil Aviation tweeted.