The rupee recovered from its three-week low by surging 30 paise to 66.63 against the US dollar in early trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.

Forex dealers said a strong opening in domestic equity markets too supported the rupee, but dollar's strength against other currencies overseas capped the gains.

The BJP legislature party will meet today to decide on the issue of extending support to PDP president Mehbooba Mufti as Chief Minister of Jammu and Kashmir following the death of incumbent Mufti Mohammad Sayeed.

"We are meeting today. A decision on this issue will be conveyed to you later today," BJP state president Sat Sharma said.

The Indian government is mulling selling part of its stake in the nation’s third-biggest private sector lender, Axis Bank, Bloomberg TV reported on Thursday.

The government is considering the sale to meet its asset sales target, Bloomberg TV India tweeted its newswire report which cited unnamed sources.

San Francisco: Microsoft Corp’s latest operating system, Windows 10, is running on 200 million devices in what the company said was the fastest adoption rate of any of its operating systems.

Windows 10, which the company released as a free download in July, powers both personal computers and devices like phones. It replaced Windows 8, the heavily criticized system dating from 2012.

New York: With bulldog tenacity and a savvy shift down-market, Land Rover came out on top of the US auto market in 2015, the industry’s busiest year since the horse and buggy.

The blue-blood British brand, owned by Tata Motors, sold 70,582 vehicles in the US last year, a 37% increase over its 2014 tally. No other major car maker accelerated as quickly, as the industry overall notched a 5.2% increase in vehicles sold.

New Delhi: Capital market regulator Securities and Exchange Board of India (Sebi), looking to speed up the recovery process against the Sahara Group, on Wednesday requested the Supreme Court (SC) for an early hearing of its plea seeking appointment of a receiver to take control of the group’s assets.

The court will hear the case on 2 February, potentially setting a timeline for the recovery process.

Bajaj Auto Ltd, India’s largest exporter of motorcycles and three wheelers, will enter a dozen new export markets by end of March, a top company official said in an interview on Tuesday.

The maker of Pulsar and Avenger motorcycle brands has reported a decline in exports volume in the last few months because of political and economic uncertainties in some of its export markets, particularly in oil-producing emerging markets.

The benchmark BSE Sensex extended losses on a fourth straight day as it fell by over 378 points while NSE Nifty dipped below the 7,700 level in early deals as further sell-off in China forced the market to halt trading for the second time this week. In addition, weakness in the rupee against the American currency too weighed on the sentiment.

Asian markets were in deep red with Shanghai shares crashing 7.32 per cent, forcing authorities to suspend trading, less than half an hour after opening. The fall came amid worries over slowing growth in the world’s second-largest economy, which have roiled investors worldwide, and with pressure on its currency from capital outflows.

NEW DELHI: In a major move to deter plying of overloaded vehicles on highways, the National Highways Authority of India (NHAI) has decided to force them off the road till the extra load is removed at the cost and risk of transporters.

This will be in addition to levying of penal charges of ten times the applicable fee at the toll plazas that is presently being imposed on overloaded vehicles, an official statement said.

NEW DELHI: Reliance Industries(RIL) has challenged the jurisdiction of a panel examining Oil and Natural Gas Corp's (ONGC) allegations that it pumped out gas from the state-run firm's field, and has argued that the dispute should be resolved by arbitration.

It has also challenged the oil ministry's decision to intervene in the dispute by setting up a committee, headed by Justice AP Shah.

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