Bengaluru: The rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi’s dramatic currency crackdown launched two months ago, a Reuters poll found.

The rupee performed a bit better than most of its regional peers in 2016, weakening just over 2% as India’s economy, the fastest-growing in Asia, roared ahead for most of the year.

Washington: US employment increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.

Non-farm payrolls increased by 156,000 jobs last month, the labour department said on Friday. The gains, however, still remain above a level that is considered sufficient to absorb new entrants into the labour market.

New Delhi: The practice of forcing industries to cross-subsidize household consumers’ power tariffs is leading to an unprecedented shift among businesses towards captive solar power with some committing to go fully reliant on clean energy.

Cost of producing solar power, which was over Rs12 per kilowatt hour (unit) in 2010, has dropped sharply over the years.

London: Britain’s biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models.

Car manufacturers are developing connected cars, which use the Internet to improve customers’ driving experiences and allow vehicles to communicate with each other, in a race with tech giants such as Google.

A day after announcing its ticket prices at par with AC II of Rajdhani trains, National carrier Air India today came out with another lucrative offer for its passengers allowing enhanced free check-in baggage on its jumbo 747 flights operating on the trunk Delhi-Mumbai route.

Besides, the carrier also announced heavily discounted fares, starting at Rs 15,000 for travel in first class of its Queen of the Skies (Boeing 747) flights to the two cities till January 15, a release said.

Capital markets regulator Sebi is planning to ease entry barriers for domestic institutional investors like insurers and pension funds to encourage robust inflows into the Reits and Investment Trusts (InvITs) markets.

“Sebi is sitting down with the Irdai and the PFRDA to evolve a set of guidelines to ensure that insurers and pension funds do not face much of entry barriers into the Reits and InvITs. This is what we are working on now,” Sebi whole-time member G Mahalingam said on Friday.

NEW DELHI: The first BCCI meeting to pick an Indian cricket team in the post-MS Dhoni captaincy era was an eventful one, to say the least, and much before the five selectors sat down to pick the limited-overs squad for the upcoming ODI and T20I series with England.

An email from the BCCI on Thursday had confirmed the timing of the meeting inside the corridors of the board headquarters at the Wankhede Stadium as 12:30pm, but it did not underway until after 3pm owing to confusion within the BCCI over protocol following the Supreme Court's order from earlier this week which ruled ineligible the BCCI's office-bearers from holding their posts.

Bengaluru: It’s time chief executive officer and managing director Natarajan Chandrasekaran sheds the invented-here approach at Tata Consultancy Services Ltd (TCS), India’s largest software services company.

For the first time since TCS went public in 2004, its annual growth will be less than or at best on par with Accenture Plc., which is double the size of the Mumbai-based company.

New Delhi: The Telecom Regulatory Authority of India (Trai) is likely to move the Supreme Court through a special leave petition, challenging the Madras high court’s status quo order on draft tariff regulations for the broadcast sector that restrained it from issuing any further guidelines.

Following a petition filed by television broadcaster Star India Pvt. Ltd and its subsidiary, Vijay Television Pvt. Ltd, on the grounds that the draft tariff regulations issued by Trai stand in conflict with the Copyright Act, 1957, the Madras high court in December asked the regulator not to pass any guidelines on tariff issues in the broadcast sector.

New Delhi: Market regulator Sebi has prohibited Life Care Infratech and its six directors from selling various movable and immovable properties as part of its efforts to recover nearly Rs5 crore of dues.

After finding that the company and its directors illegally raised funds from the public, the watchdog had last year asked them to refund over Rs4.89 crore to investors, which they have failed to do.

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