The Indian benchmark made a smart recovery from the previous day’s battering, recouping the losses and ended nearly 3 percent higher supported by strong global cues and buying across the sectors.The Directorate General of Civil Aviation DGCA chief said on May 20 that Jet Airways has been granted the air operator certificate. This will allow the airline to resume commercial flight operationsThe Reserve Bank of India's (RBI) Central Board of Directors on May 20 approved the transfer of Rs 30,307 crore as surplus to the Centre for FY22. As per the Budget, the government had expected to receive Rs 73,948 crore in dividend from the central bank and state-run lenders in FY23.After sacking its chief dealer - Viresh Joshi - who was also a fund manager, Axis Mutual Fund has now sacked a second fund manager, Deepak Agarwal, who was under investigation for irregularities. Deepak Agarwal was an equity research analyst and assistant fund manager of Axis Consumption ETF, Axis Quant Fund and Axis Value Fund.