The rupee breached the crucial 70 level a US dollar in the opening trade on Friday amid subdued global cues and rise in crude oil prices. On Thursday, the domestic unit depreciated by 23 paise to settle at 69.94 on unabated foreign fund outflows amid simmering US-China trade tensions.

Firming oil prices and a prolonged spell of weakness in the equity markets also weighed on the domestic unit, PTI reported quoting forex dealers as saying.

The country's largest car maker Maruti Suzuki India (MSI) Thursday said it has slashed its vehicle production by around 10 per cent across its factories in April.

It is the company's third consecutive month of taking a production cut. It had also reduced production in February and March this year.

Mumbai: National Aeronautics and Space Administration (NASA), the US Space agency released images of affected areas in Odisha post-cyclone Fani. These images draw a comparison before and after the cyclone made landfall in the region.

Mumbai: The benchmark BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,300 mark in early trade on Thursday tracking weak cues from global markets as US-China trade tiff continued to roil investor sentiment.

Ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies, scheduled for May 9-10 in Washington, China has said it will retaliate if US raises tariffs on Chinese products.

MUMBAI: India’s largest telecom operator Vodafone Idea Ltd is planning to raise money through a private infrastructure investment trust (InvIT) of its fibre assets, two people aware of the development said. A similar plan is being considered by rival Reliance Jio Infocomm Ltd.

As Paytm’s e-commerce unit struggles to compete against Amazon and Walmart-owned Flipkart that jointly commands close to 80% of the country’s e-commerce market, the former is understood to be in preliminary discussion with investors to raise around $500 million, an industry source told FE. The bulk of the funds would be spent on building Paytm Mall’s O2O (online-to-offline) strategy, the source said.

Shares of billionaire Mukesh Ambani-led Reliance Industries extended losses on Thursday, after global firm Morgan Stanley downgraded the stock. RIL share price tanked by more than 3% to hit the day’s low at Rs 1,259.15. Notably, the shares have lost more than 10% this week alone, taking the overall mcap loss to more than Rs 88,000 crore in the period.

Continuing to voice concerns over populist measures, the Reserve Bank Wednesday warned that income support schemes and farm loan waivers will lead to fiscal slippages for the states.

The remarks were made during a meeting between the members of the 15th Finance Commission and the RBI brass, including governor Shaktikanta Das and the deputy governors, at the central bank headquarters here.

Chinese automaker Chery Automobiles is reportedly keen on a joint venture with Tata Motors for an India entry.

State-owned Chery already has a JV with Tata Motors-owned Jaguar and Land Rover to make cars in China. The partnership was formed in 2012 and helped Jaguar Land Rover open their first assembly facility in Changshu, China in October 2014.

Amazon.com Inc. said it was hit by an "extensive" fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year.

Amazon believes it was the victim of a "serious" online attack by hackers who broke into about 100 seller accounts and funneled cash from loans or sales into their own bank accounts, according to a UK legal document.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.