Indian rupee dived to a six and a half month low on Friday morning on the news reports that government is planning Rs 40,000 crore fiscal stimulus to the economy to boost exports, support MSMEs, and expand bank credit, even at the cost of letting the fiscal deficit widen a little. The rupee today dropped by 34 paise to a six and a half month low level of 65.15 against the US dollar on frenetic dollar demand from importers and banks. The early losses in domestic equity markets and unabated foreign fund outflows weighed on the rupee.

Tata Motors Ltd., the owner of luxury car brands Jaguar Land Rover, is building a war chest that will allow it to expand its business and acquire rivals.

Cash and equivalents at the Indian maker of the Tiago and Hexa cars surged 87 per cent to 397.6 billion rupees ($6.2 billion) as of June 30 from a year earlier, according to data compiled by Bloomberg. Reliance Industries Ltd., India’s biggest company by market value, had 721 billion rupees in cash in the period. The most among the nation’s companies.

The shares of Coffee Day Enterprises, the operator of Café Coffee Day chain, were under tremendous pressure in early trade on Monday.

The company's stock declined over 10.5% over the reports published in media hinting towards to issues relating to undisclosed income.

President Donald Trump has issued a new travel ban that saw North Korea, Venezuela and Chad among a list of eight countries cited for poor security and lack of cooperation with US authorities.

Trump ordered the new restrictions yesterday to replace an expiring measure that had locked him into political and legal battles over what critics alleged was an effort to block Muslims from entry into the country since he took office in January.

Strengthening the case for fugitive businessman Vijay Mallya's extradition from the United Kingdom, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are reported to be preparing a charge sheet alleging the former liquor baron laundered a major chunk of the Rs 6,027-cr loan taken for the defunct Kingfisher Airlines.

Mallya, the 61-year-old chief of the erstwhile Kingfisher Airlines who owes over Rs 9,000 crore to IDBI Bank and various other Indian banks, had fled India to escape legal proceedings in connection with default on the loan repayment.

Air India chief Rajiv Bansal has said the airline has requested DGCA to take a "lenient view" on more than 400 pilots and cabin crew who have come under the scanner for skipping breath analyser test, maintaining that they never intended to violate norms.

As many as 132 pilots and 434 cabin crew of the national carrier have been found by the DGCA to have allegedly skipped the compulsory pre-and post-flight alcohol tests this year. They face the prospect of being grounded and a final decision would be taken after discussions with the civil aviation ministry.

US auto major Ford Motor Co is looking to tap opportunities in India for its smart mobility services with the government's push for smart cities providing a good platform, a top company official said.

The company's arm Ford Smart Mobility LLC will initiate a pilot project of its smart shuttle services involving its employees in Chennai by the end of this year.

Calcutta, Sept. 22: Bharat Heavy Electricals Ltd (Bhel) is looking to diversify into areas such as solar power, transportation, defence, aerospace and water business.

"The company wants to increase its share of business in non-coal areas," said Bhel chairman and managing director Atul Sobti at the company's annual general meeting.

New Delhi: Regulator Sebi has lifted trading ban on 244 entities which came under the scanner for alleged misuse of stock market platform for tax evasion, saying it did not find any "adverse evidence" against them.

The move comes after Securities and Exchange Board of India (Sebi) earlier this month revoked ban on more than 500 entities in four separate cases. These are Radford Global case; Pine Animation; First Financial as well as the matter of dealing in shares of Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences.

New Delhi:The government has come out with an estimate that valid transitional credit claims of taxpayers in July -- the first month of goods and services tax (GST) -- are just Rs12,000 crore and not Rs65,000 crore as previously claimed.

As much as Rs65,000 crore out of the about Rs95,000 crore tax collections in July had been claimed as transitional credit by taxpayers, but a close scrutiny has brought down the valid claims to Rs12,000 crore, a finance ministry official said.

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