The rupee witnessed high volatility in opening session on Friday amid heavy selling in domestic equities and a rebound in the American currency.

At the interbank forex market, the domestic unit opened on a strong note at 73.38 against the US dollar, then gained further to quote at 73.35.

Shares of Adani Gas hit an all-time high of Rs 201 on the BSE in intra-day trade on Friday after the company said rating agency ICRA has upgraded its long-term rating and re-affirmed the short-term rating with a stable outlook.

The stock of Adani Group bounced back 9 per cent from its early morning low of Rs 183 on the BSE. In the past one month, it outperformed the market by surging 23 per cent against a 2 per cent rise in the S&P BSE Sensex.

Vodafone Group Plc’s India unit is planning to raise about $1.5 billion as it seeks to turn around its fortunes in the country’s fiercely competitive wireless market, people familiar with the matter said.

Vodafone Idea Ltd. is discussing a funding plan that could include a share sale, according to the people, who asked not to be identified because the information is private. It is working with advisers including New York-based investment bank PJT Partners Inc. as it seeks potential strategic partners to buy stakes, the people said.

Digital financial services firm Paytm on Friday said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices.

The home-grown financial technology firm said its losses have narrowed by 40 per cent on a year-on-year basis.

An army officer was injured in an encounter with militants in Baramulla district of Jammu and Kashmir on Friday, police said.

Security forces launched a cordon and search operation at Yedipora in Pattan area of Baramulla district in north Kashmir following specific information about the presence of militants, a police officer said.

The Anti-Corruption Bureau registered a case against nine persons, including three government officials, in connection with a case connected to misappropriating approximately Rs 6.5 crore government money in the Insurance Medical Services (IMS).

The ACB registered a case on Thursday against Dr Devika Rani, former director, IMS, Dr Kalakuntla Padma and Dr Kurapati Vasantha Indira, former Assistant. director, IMS, among others under the provisions of the Prevention of Corruption Act and IPC.

Gold prices today fell to 54,110 from Rs 54,600 per 10 gram a day before, while silver declined to Rs 65,600 from Rs 67,200 per kg, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Under pressure for weeks over its handling of hate speech, Facebook on Thursday said it has banned BJP politician T Raja Singh from its platform and Instagram for violating its policy on content promoting violence and hate.

We have banned Raja Singh from Facebook for violating our policy prohibiting those that promote or engage in violence and hate from having a presence on our platform, a Facebook spokesperson said in an emailed statement.

Global software major Infosys on Thursday announced it has acquired US-based product design firm Kaleidoscope Innovation for $42 million (Rs 309 crore) to expand its engineering service offerings in medical devices, consumer and industrial markets across America.

Our subsidiary Infosys Nova Holdings has signed an agreement to acquire 100 per cent equity capital of Kaleidoscope for $42 million, said the city-based $13-billion IT major in a statement from Ohio's Cincinnati in the US midwest.

The Trump administration has said it won't pay more than USD 60 million in dues it owes to the World Health Organisation and will use the money instead to pay down other contributions to the United Nations.

The announcement on Wednesday came just a day after the White House announced the US would not participate in a WHO-run project to develop and distribute a COVID-19 vaccine.

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