The rupee appreciated 40 paise to 95.20 against US dollar in early trade on Monday on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz.

Forex traders said the rupee opened on a positive note as the US and Iran have "largely negotiated" a peace pact to end the nearly three-month war.

Petrol and diesel prices were raised by ₹2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks as state-owned fuel retailers continued to pass on rising international oil prices to consumers.

With the latest revision, cumulative increases in petrol and diesel prices have nearly touched ₹7.5 per litre since fuel price revisions resumed on May 15 after a prolonged freeze.

Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results.

Oil prices had eased Thursday in US trading, alleviating pressure from the bond market as yields fell.

Vedanta Ltd has said that its subsidiary Talwandi Sabo Power Ltd (TSPL) has been held liable to pay approximately Rs 127 crore, plus applicable late payment surcharge, to Punjab State Power Corporation Ltd (PSPCL) following a Supreme Court judgment.

In a regulatory filing on Thursday, Vedanta said the Supreme Court has set aside the judgment passed by the Appellate Tribunal for Electricity (APTEL), and has restored the order passed by the Punjab State Electricity Regulatory Commission (PSERC).

The Congress on Friday said it was shocked over claims made by top NTA officials that the NEET exam paper was "not leaked", and said both the 'Pradhan Mantri' and the 'Mantri Pradhan' must be held accountable for this "cover-up".

The Congress also said that the National Testing Agency (NTA) has become a "National Trauma Agency".

Union Home Minister Amit Shah on Friday said the government will launch a "smart border" project in the next year to make the 6,000 km fronts with Pakistan and Bangladesh impenetrable and ensure that the "conspiracy" to change the demography of the areas is defeated.

Delivering the annual Rustamji Memorial lecture hosted by the Border Security Force (BSF) here, the minister also reiterated that the government will find each and every infiltrator from the country and send them outside India.

Indian conglomerate Bharti Enterprises is seeking to potentially increase its stake in BT to just under the threshold that would require it to make a ​full takeover offer for the British telecoms group, three people familiar with ​the matter said.

Led by billionaire founder, Sunil Bharti Mittal, the group is looking to secure UK ‌government approval required for it to be able to increase its stake in the London-listed company.

Air India CEO Campbell Wilson said on Thursday that his successor will have his or her "hands full," as the carrier grapples with a ban ​on the usage of neighbor Pakistan's airspace, fallout from the Iran war ​and a strong US dollar.

Wilson said he would leave in a couple of months' time.

The Delhi government has cancelled more than 7 lakh ration cards and is going to raise the income limit to ₹2.5 lakh per annum for the fresh issue, Chief Minister Rekha Gupta said on Thursday.

Addressing a press conference, Gupta said the government had cancelled around 772,000 "invalid" ration cards, and invited fresh online applications.

Union Minister Nitin Gadkari on Thursday made a case for Indian companies forming joint ventures with US companies to leverage their new technologies.

Addressing AMCHAM's Annual Leadership Summit, Gadkari further said Ministry of Road Transport and Highways is exploring possibilities of taking help of US consultancy companies in preparation of detailed project report (DPR) for road projects.

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