Indian rupee opened weak, down 5 paise at 66.82 against the US dollar at Interbank Foreign Exchange (Forex) market on Monday after US dollar strengthened on stronger-than-expected US jobs growth data, which hinted at US Federal Reserve going for an interest rate hike next year. The local currency was trading 4 paise down at 66.81 against American currency. It had closed at 66.77 level on Friday vs US dollar.

Heavy engineering major Larsen and Toubro (L&T) along with its partner Sojitz Corp, Japan, is understood to be well on track to win around Rs 4,000-crore contract on the western dedicated freight corridor, sources with knowledge of the development said.

The contract to be awarded by Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) is for a nearly 128-km stretch between Rewari in Haryana to Dadri in Uttar Pradesh.

IRCTC (Indian Railway Catering and Tourism Corporation) is sending around 3,200 meal packets as a part of the ongoing relief efforts in flood-hit Assam. 2,000 packets of ready-to-eat meals have already been sent by IRCTC and the remaining would be sent in some time. Railway Minister Suresh Prabhu had said that Indian railways had been asked to help provide food. “Rail Admn asked to help all in flood affected region. Irctc sending 3200 meal immediately for flood relief in Assam.

Besides superior asset quality, growth potential of their retail book was a factor that led to the re-rating of some of the smaller sized private sector banks in the last one year. A closer look at the retail businesses of Yes Bank and IndusInd Bank reveals that core consumer-driven segments still account for a relatively small portion of their respective retail books.

KOLKATA: Coal India is on a recruitment binge. The state-run miner has decided to hire 4,500 fresh graduates from IITs and NITs to the management cadre in the next three years beginning next month. It will also recruit an additional 40,000 workmen at the same time.

"We will recruit management officials from campuses — mostly from IITs and NITs. Requirement for the year is about 1,000 and 3,500 over the next three years," said R Mohan Das, the director-personal at Coal India.

Market benchmark Sensex rose almost 137 points and the NSE Nifty retook the 8,700-mark on Monday morning on optimistic buying by participants ahead of RBI policy review on Tuesday amid increased foreign capital inflows.

Firm Asian cues tracking record closing in the US after strong employment numbers released on Friday bolstered sentiment.

India's third largest telco Idea Cellular's net profit is estimated to slip 23.5% at Rs 440 crore in April-June quarter from Rs 575.6 crore in the quarter-ago period.

According to a poll conducted by CNBC-TV18, the telecom provider's revenue may see marginal gain of 2.9% at Rs 9,760 crore against Rs 9,483.9 crore in the last quarter.

Private sector lender Axis Bank is ready to go live with its Unified Payment Interface (UPI) application and will do so as soon National Payments Corporation of India (NPCI) goes live with UPI within a few days. The application is download-ready and has been tested thoroughly by 1,000 of the bank’s employees.

RIO DE JANEIRO: Brazil unfurled a vast canvas celebrating its rainforest and the creative energy of its wildly diverse population to the tune of samba, bossa nova and funk in welcoming the world on Friday to the Olympic Games in Rio de Janeiro.

In a country of great economic inequality, the opening ceremony celebrated the culture of the favelas, the slums that hang vertiginously above the renowned beaches of Rio and ring the site of Friday's spectacle, the famed Maracana stadium.

Technology giant Microsoft has announced that it would roll out two major updates for Windows 10 next year after releasing a third and final update for 2016.

"Windows 10, version 1607 is our third Windows 10 feature update released. Based on feedback from organisations moving to Windows 10, this will be our last feature update for 2016, with two additional feature updates expected in 2017," the company wrote in a blog on Saturday.

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