Business

Fitch, which last month kept India's sovereign rating unchanged for the 12th year in a row, said the country's ratings "balance a strong medium-term growth outlook and favourable external balances against a weak fiscal position and difficult business envi...

Vasudev Pamnani, a senior trader at American Fuels, said India's demand for coal with a higher calorific value, most of which has to be imported, was increasing since buyers want more energy from the coal they purchase to offset higher prices and the logi...

According to Walmart's CEO and President, Iyer, this year Walmart will open 5 stores in India and then pick up pace and eventually start opening 12-15 stores a year.

The 30-share Sensex, gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36 per cent, at 35,447.43.

The Swadeshi Jagran Manch claimed that Walmart is using e-commerce route to circumvent existing rules which bar foreign companies in multi-brand retail.

This is the lowest closing for the rupee since February 7, 2017 when it had settled at 67.41 against the dollar.

Crude oil prices zoomed past USD 76 per barrel mark amid foreign capital outflows and depreciating rupee. Asian shares ticked down as renewed US sanctions on Tehran were seen as disruptive for oil supplies.

According to aviation consulting firm CAPA India, it is critical for the central government to amend the labour and debt conditions for the divestment process to succeed.

Sunil Kant Munjal-led Hero Enterprise Investment and the Burmans of Dabur Group had earlier made the joint bid for a stake in Fortis Healthcare.

The 30-share Sensex recovered 57.35 points, or 0.16 per cent, to trade 34,558.62 in opening session. It had lost 115.37 points in the previous session.

This comes after Trump administration had on 14 March 2018 dragged India to the WTO. In its request to hold consultations with India, the first step before legal action, the US had argued that India wrongfully avails export subsidy.

Major gainers were Yes Bank, ICICI Bank, M&M, HUL, Axis Bank, ITC, RIL, Adani Ports, Maruti Suzuki, Dr Reddy's, ONGC, Sun Pharma and Bajaj Auto, rising up to 2 percent.

This is the lowest closing level of the rupee since March 10, 2017, when it had settled at 66.60 against the US dollar.

SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh are enabled to dispense cash to the customers of SBI as well as other banks which offer this facility.

A weak dollar against other currencies overseas supported the domestic unit, forex dealers said.

Emphasising that it has a mandate to ensure transparency in the sector, TRAI said that various tariff plans and other tariff instruments are being provided on its website in downloadable format, for easy access.