Business
Rupee Falls by 27 Paise Against Dollar in Opening Trade
The rupee declined by 27 paise to 65.57 per dollar in early trade on Wednesday amid gains in the US currency in global markets.
Digitisation Will Play Key Role in Removing Hurdles in Education Sector: Ambani
Reliance Industries Chairman Mukesh Ambani on Saturday said that digitisation will play a key role in removing factors that create hurdles in the India’s education sector.
Strong Demand for 'Glo' Smokeless Tobacco: British American Tobacco
British American Tobacco (BAT) said demand for its "glo" tobacco heating device overwhelmed supply in its Japan test marketing, as global cigarette giants shift focus to the new product category amid declining smoking population.
Madras HC Refuses to Stay TRAI Order on Cable Landing Charges
The matter relates to charges levied by Cable Landing Stations (CLS) through which submarine cables which provide vital international communication between countries across the world terminate in India on the seashore.
Fed Expected to Raise Rates as US Economy Flexes Muscle
The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.
Jaitley to Chair High-level Meet on Non-performing Assets in Banking Sector
Finance Minister Arun Jaitley will chair a high-level meeting with Reserve Bank officials on Friday to address the issue of non-performing assets in the banking sector.
Rupee Stages Smart Rebound to Regain 10 Paise
The rupee on Monday staged a smart rebound by recovering 10 paise against the US dollar to end at 66.71 on fresh selling of the American currency by corporates and banks.
Growth to slow to 6.4% in January-March Quarter: Moody's
Moody's Investors Service, the US-based rating agency expects that the full impact of demonetisation will reflect in the fourth quarter numbers.
Demonetisation to Cut Tax Avoidance, Corruption; Credit Positive: Moody's
Demonetisation will be credit positive for India as it is likely to reduce tax avoidance and corruption, Moody's Investors Service said on Wednesday.
Amit Singhal out of Uber For Not Disclosing Sexual Harassment Charge
Uber Technologies Inc has asked a senior executive to leave the company for failing to disclose a sexual harassment allegation stemming from his tenure at Alphabet Inc's Google, an Uber spokeswoman said on Monday.
Rupee Gains 5 Paise Against Dollar in Early Trade
The rupee strengthened by 5 paise to 66.91 against the dollar in early trade on Thursday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.
Rs 1,000 Note to be Reintroduced by RBI and Govt, Not Clear When
The Reserve Bank of India and the government have finalised plans to launch a new series of 1000 rupee notes to replace the ones that were withdrawn, Indian Express reported citing a government official they didn’t identify.
RBI Increases Weekly Cash Withdrawal Limit to Rs 50,000
The Reserve Bank on Monday increased the weekly limit on withdrawal of cash from savings bank accounts to Rs 50,000.
Data is the New Oil: What Mukesh Ambani Said at Nasscom
Reliance Industries Chairman Mukesh Ambani made a strong pitch for data and information technology at the Nasscom India Leadership Summit on Wednesday.
Rupee Slips 2 Paise Against US Dollar
Forex dealers said, the US dollar's gains against some currencies overseas following upbeat remarks on the US economy by Federal Reserve Chief Janet Yellen and a lower opening in the domestic equity market put the rupee on the back foot.
Infosys Board Member Kiran Mazumdar Shaw Backs CEO Sikka, Says Controversy 'Unnecessary'
Kiran Mazumdar Shaw, an independent director on the board of Infosys, has said that the controversy engulfing India’s second largest IT services firm is “unnecessary” and has backed CEO Vishal Sikka from an attack by founder Narayana Murthy.
