The rupee Tuesday opened on a positive note by inching 15 paise higher at 72.30 against the US dollar amid increased selling by banks and exporters.

Besides, dollar's weakness against some currencies overseas including the euro also supported the rupee, dealers said.

The major factor for rising prices of petrol and diesel is the global macro situation, said industry body ASSOCHAM but expressed hope the tax burden would be brought down to some extent.

"It has been our stand that petrol and diesel should be brought under the Goods and Services Tax (GST). However, it may not be feasible at this point of time", ASSOCHAM secretary general, Uday Kumar Varma, told PTI.

Regulator TRAI has imposed penalties on major telecom operators, including Reliance Jio, Bharti Airtel, Vodafone and Idea Cellular (now merged), for slipping on various service quality benchmarks for the March quarter, according to multiple sources.

The fines cover various parameters and service areas, and all the operators are in the process of making the payment, sources told.

New Delhi: Capital market regulator Sebi may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband Deepak Kochhar in a probe into alleged regulatory lapses with regard to the latter's business dealings, officials said on Sunday.

Besides, some other top officials of the bank, as also from Videocon, which allegedly benefitted because of its association with Kochhar's husband,

Mumbai: Air India Ltd expects to sell its former head office in Mumbai for an estimated 2,000 crore by the end of March to state-run Jawaharlal Nehru Port Trust (JNPT), said a senior airline official. Both JNPT and Air India are carrying out their individual valuations of the iconic Air India building at Mumbai’s Nariman Point, the Air India official, who declined to be named, told Mint. “The proceeds from the sale of the building will be used to pay off a part of the airline’s debt,” said the official.

The BSE Sensex plunged over 400 points in afternoon session Monday after the rupee breached 72.50 mark against the US dollar for the first time ever amid weak Asian cues.

While, rupee continued its free fall hitting a new low of 72.67 due to a strengthening dollar and widening trade deficit.

Writing for Mint last year, Prashant Jain, executive director and chief investment officer of HDFC Mutual Fund, said it was not easy to remain invested in equities for long periods. “Those who can simply sit still know its immense benefits,” wrote Jain. NTPC Ltd seems to be practising this precept, albeit in a slightly different way.

India’s largest electricity generator has remained silent on the opportunities in stressed power plants, despite having sound financials and a balance sheet to stomach acquisitions.

Most Opposition parties on Sunday expressed support to the Bharat bandh called by the Congress and Left Front over rising fuel prices in a showdown with the Modi government that has evaded a direct explanation to the non-stop rise in fuel prices.

While parties like the Janata Dal-Secular (JD-S), Samajwadi Party (SP), DMK, Rashtriya Janata Dal (RJD) and Maharshtra Navanirman Sena (MNS) backed the shutdown planned on Monday, the Left has also declared a nationwide hartal.

Fraud-hit Punjab National Bank (PNB) recovered a record Rs11,378 crore from defaulters in the first five months of this fiscal, which is more than the state-run lender’s total recovery in the two years through 2017-18, according to the bank’s data.

Desperate to return to profitability and avoid featuring on the Reserve Bank of India’s watchlist after record losses last fiscal, mainly due to the Rs14,357-crore fraud involving jewellers Nirav Modi and Mehul Choksi, PNB has stepped up efforts to get back money from defaulters.

Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim on Sunday that his taxes on Chinese imports mean the Focus Active can be built in America.

Citing Trump’s new tariffs, Ford on August 31 said it was dropping plans to ship the Focus Active from China to America.

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