The rupee on Friday opened 23 paise lower at 70.26 against the US dollar on Friday amid rise in crude oil prices. The domestic currency on Thursday surged by 31 paise to close at 70.03.

"Indian rupee strengthened for third session against US dollar. Even after surge in crude oil prices and foreign fund outflow in equity cash segment, rupee manages to gain," said V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities.

Bajaj Auto is set to announce its earnings for the quarter ended March 2019 (Q4FY19) on Friday. Analysts expect an impressive 14 per cent increase in volume triggered by the aggressive stance Bajaj Auto has adopted to gain market share in the entry motorcycle segment and new launches. However, the same strategy, coupled with adverse product mix, may hit its topline growth and margin.

President Donald Trump is wary of drawing the US into a war with Iran, in part out of concern that an armed conflict with the Islamic Republic would imperil his chances at winning a second term, according to people familiar with the matter.

There is division within the administration over the approach to Iran, some of the people said. At the same time, the president is cognizant that he was elected in part on promises to withdraw the US from Middle East wars -- not start new ones, they said.

Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands.

The proposed transaction with private equity firm EQT, a unit of the Abu Dhabi Investment Authority and PSP Investments is expected to close in the second half of 2019 pending regulatory approval, Nestle said on Thursday.

Warren Buffett’s Berkshire Hathaway Inc said it owned USD 860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.

The size of the investment was disclosed in a regulatory filing detailing Berkshire’s US-listed stocks as of March 31.

New Delhi: Industry body COAI on Wednesday said it favours minimum broadband speed of up to 2 Mbps (megabits per second) for 4G networks.

Currently, the minimum broadband speed is 512 Kbps.

New Delhi: Hyundai Motor India Ltd (HMIL) on Thursday announced the launch of its vehicle leasing service in partnership with ALD Automotive India.

'Hyundai Leasing' will offer all of the company's entire model line-up for leasing with no upfront and maintenance costs, HMIL said in a statement.

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a tepid note Thursday tracking mixed cues from global markets amid sustained foreign fund outflows.

The 30-share index was trading 8.25 points, or 0.02 per cent, higher at 37,123.13. The broader NSE Nifty was also trading 2.05 points, or 0.02 per cent, up at 11,159.05.

New Delhi: Hinduja flagship firm Ashok Leyland on Thursday said it has bagged an order from Senegal, an African nation, to supply 400 minibuses worth 10.06 million euros (about ₹80 crore).

This order comes from Senbus Industries, a company assembling urban buses in Dakar, the Senegalese Capital, Ashok Leyland said in a statement.

New Delhi: Lawyer Haren Raval counsel for Essar Steel Asia Holdings Ltd has alleged that ArcelorMittal India had knowingly filed a false affidavit pertaining to NPAs on October 18, 2018.

Raval made these allegations during the National Company Law Appellate Tribunal (NCLAT) hearing of the Essar Steel bankruptcy proceedings on Wednesday.

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