Roundup Of Business News Of The Week | Dec 17, 2018

The week at a glance. Urjit Patel resigns as the RBI Governor due to Reserve Bank of India Governor Urjit Patel has resigned, citing personal reasons. Shaktikanta Das is appointed as the new Governor. On the other hand, after the election result, BJP lost in three states, Madhya Pradesh, Chattishgarh and Rajasthan. Shaktikanta Das takes charge as the 25th RBI Governor.The results are out in the assembly elections 2018 that took place in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh & Mizoram.Congress Wins 3 States, BJP Loses All. The Sensex has reclaimed the 35,000 mark, while the Nifty 50 is trading above the 10,500-mark closely tracking the state election outcome trends. An IndiGo flight going from Jaipur to Kolkata made an emergency landing after smoke was detected in the cabin. Both Nifty and Sensex opened more than half a percent. Mid Cap performed the day and ended the day with 1.6 percent. Indigo Flight 6E 337 from Kolkata to Jaipur caught fire but no passengers were injured.

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