The rupee on Tuesday opened 11 paise higher at 69.15 against the US dollar amid weak global cues and fall in crude oil prices.

The domestic unit on Monday appreciated by another 44 paise to close at 69.26 in line with a strong rally in domestic equities amid hopes of a rate cut by the Reserve Bank of India (RBI). It was the second straight session of gain for the domestic currency, during which it has strengthened by 58 paise.

Social media platform Facebook is set to launch its game show 'Confetti' on Facebook Watch on June 12 in an attempt to increase engagement among users. The show was first introduced in the United Stated and then taken to other countries including United Kingdom, Canada, Thailand, Mexico, Vietnam, and Philippines.

Bajaj Auto has joined hands with Austrian sports bike maker KTM Industries to manufacture electric two-wheelers vehicles in the power range of 3 to 10 kW (48 volt). Under this partnership, Bajaj Auto and KTM will support different product variants - scooters, mopeds, small mopeds - under brands of both partners.

The production of Bajaj Auto and KTM electric two-wheelers will start at Bajaj's Pune plant by 2022.

Maruti Suzuki India ltd - country’s largest passenger vehicle manufacturer on Tuesday announced that its premium hatchback Balwani has crossed the 6 lakh units sales mark in the a record time of 44 months. The company claims that in the premium hatchback segment, Baleno is the fastest to reach this sales milestone.

Cipla reported Q4 results ahead of expectation led by gSensipar “at-risk” exclusivity launch. Ex of this, revenues were in line while margins were c100bps ahead of expectation. Management expects US business to grow in double digits in FY20 and base margins to improve though it did not quantify the level. Cipla trading at 20x FY21 PE, factors in the base business improvement. We retain Hold, noting the mixed execution over past 12m.

The new tariff regime by the Telecom Regulatory Authority of India (TRAI) saw broadcasters such as Zee Entertainment Enterprises (ZEEL), Star India, Viacom18 and Sony Pictures Network withdraw their free-to-air (FTA) channels from Doordarshan’s FreeDish platform. Hitherto, these channels enjoyed substantial viewership on the platform. But this has led to other lesser-known channels coming into the limelight.

Amazon.com Inc. is famous for its appetite for entering new markets. But a report that it’s considering a foray into the wireless industry was a bridge too far for one Wall Street analyst.

The world’s largest online retailer is interested in purchasing prepaid wireless phone service Boost Mobile from Sprint Corp. and T-Mobile US Inc., Reuters said late Thursday, citing people familiar with the matter.

Congested Google servers in the eastern United States caused problems for users of Snapchat and YouTube on Sunday, with complaints on social media that the popular apps weren’t accessible. Google acknowledged the issue, writing in a statement on its Cloud Platform status page that it was dealing with “high levels of network congestion in the eastern USA, affecting multiple services in Google Cloud, G Suite and YouTube.”

The benchmark BSE Sensex rallied over 200 points in early trade Monday driven by gains in financial stocks ahead of the Reserve Bank's bi-monthly policy review.

The 30-share index was trading 203.82 points, or 0.51 per cent, higher at 39,918.02. Similarly, the broader NSE Nifty spurted 48.35 points, or 0.41 per cent, to 11,971.15.

To celebrate its fifth year anniversary on the Indian roads, Audi India has slashed the price of A3 Sedan by Rs 3.5 lakh to Rs 5 lakh. The Audi A3 Sedan is now available in India at a starting price of Rs 28,99,000.

Audi India is hoping to have an edge with this new pricepoint over rivals like the Mercedez-Benz, Toyota, etc in the luxury car segment.

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