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Biz EOD: Sensex crosses 41,000; DGCA mounts pressure on IndiGo; 21 top tax officials dismissed

Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report

twitter-logo BusinessToday.In        Last Updated: November 26, 2019  | 21:59 IST
Biz EOD: Sensex crosses 41,000; DGCA mounts pressure on IndiGo; 21 top tax officials dismissed
Top stories from the world of business and economy

The Indian equities extended rally for the second consecutive session, with Sensex rising over 200 points to hit its all-time high of 41,120 and Nifty surging to its lifetime peak of 12,132. The DGCA on Monday directed IndiGo to ground an old A320neo family aircraft with an unmodified P&W engine each time it inducts a new A320neo plane into its fleet. CBDT has compulsorily retired 21 Group B officers of ITO rank today under Fundamental Rule 56(j) over charges of corruption, illegal gratification, misuse of official position, and other allegations. Read for more top stories from the world of business and economy:

1. Sensex crosses 41,000 for first time, Nifty hits record high: 10 updates on share market today

While Sensex rose over 200 points to hit its all-time high of 41,120, Nifty surged to its lifetime peak of 12,132.

2. Ind-Ra revises India's GDP forecast, cuts it down to 5.6% for FY20

Ind-Ra said that even GDP growth of 5.6 per cent will "require heavy lifting by the government". It warned that sticking to the fiscal deficit target of 3.3 per cent could push GDP growth even below 5.6 per cent.

3. DGCA mounts pressure on IndiGo over Pratt and Whitney engine issue

Aviation regulator DGCA gave the directive to IndiGo to comply with the January 31 deadline to replace all unmodified PW engines on its A320neo aircraft or face the grounding of planes.

4. Modi govt dismisses 21 tax officials over corruption, misuse of official position

A total of 85 officers, including 64 high ranking tax officers, have been compulsorily retired under Fundamental Rule 56 (J) so far in this year.

5. Ayushman Bharat impact! Private hospitals miffed over lower rates for cancer care

The new package rates finalised about a month ago are now up on the Ayushman Bharat website. Some private hospitals do not find the rates viable.  

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