Business

The finance minister said the government will introduce more measures to check the rising CAD and falling rupee in the next few days.

From the 30-share basket, 25 stocks ended with losses led by Tata Steel, Power Grid Corporation of India, Hero MotoCorp and Tata Motors.

The 30-share index opened higher by 95.32 points, or 0.25 per cent, at 38,017.49. It, however, turned choppy and was trading 8 paise, or 0.02 per cent, higher at 37,930.97 at 0930hrs.

Asian shares are mixed after U.S. President Donald Trump declared he was considering tariffs on an additional $267 billion in Chinese goods, ratcheting up tensions between the world’s two biggest economies.

The prices of diesel across cities were also increased, selling at Rs 72.51 and Rs 76.98 per litre in Delhi and Mumbai, respectively.

The Indian rupee was trading at 71.88 to the dollar after briefly falling to 72.04 in early trade.

In view of the "runaway success" of the scheme, now it has been decided to make it open-ended with more incentives, Finance Minister Arun Jaitley told reporters after the Union Cabinet meeting.

The rupee's unabated fall continued for the sixth day on Wednesday as it hit yet another closing low of 71.75 against the US dollar, forcing the RBI to intervene to prevent a full-blown meltdown.

Elsewhere in Asia, Hong Kong's Hang Seng was down 0.66 per cent, Japan's Nikkei fell 0.37 per cent and Shanghai Composite Index shed by 0.92 per cent in early trade.

Under the 10-year deal, Wipro will provide a comprehensive suite of solutions and services to the Illinois-based Alight Solutions that provides technology-enabled health, wealth, HR and finance solutions.

The Board of Directors of the company have considered Bedi's resignation from the services of the company, and accepted the same, with effect from September 30.

S&P Global Ratings (S&P) announced it has assigned its AA+ long-term and A-1+ short-term issuer credit ratings with a stable outlook to the NDB

Earlier in a series of tweets, the former finance minister alleged that the investigating agency has leaked the charge sheet to the media even before providing copies to the persons named in it.

After three months of huge outflows from April till June, analysts said it is encouraging to see FPIs making a comeback in July and August.

The rupee on Friday staged a good recovery to end higher by 20 paise at 69.91 against the US currency on bouts of dollar selling by exporters and corporates.

Larry Sloven has seen profits whittled away by rising costs, tighter regulations and Chinese government policies aimed at building a more sustainable and services-oriented economy.