The rupee firmed up further by 24 paise to 66.24 against the US currency in late morning deals following sustained bouts of dollar selling by exporters and banks.

The rupee opened higher at 66.38 per dollar against yesterday's closing level of 66.48 at the Interbank Foreign Exchange (Forex) market.

At least three agitators have been killed and 14 others injured in a protest in Manipur over the passing of the inner line permit system (ILPS) bill on the floor of the assembly, on Monday night.

Six houses, those belonging to a minister in the Manipur government and five other MLAs, were set on fire this evening by agitators in Churachandpur district.

Maruti Suzuki India sold total of 1,17,864 vehicles in August 2015, a growth of 6.4 per cent. This includes 1,06,781 units in the domestic market and 11,083 units in exports.

The company had sold a total of 1,10,776 units in August 2014.

Public lender Canara Bank on Monday said the government will infuse equity capital of Rs 947 crore in the bank.

It said the board of the bank at a meeting held on Monday approved the proposal of issuing equity shares on preferential basis to the government in lieu of the capital infusion.

In a move that caught its competitors off guard, HDFC Bank, India’s second-largest private lender, has reduced its base rate, the benchmark to which all other lending rates are linked, by a steep 35 basis points to 9.35 per cent. The new rate, effective Tuesday, is much lower than those of its competitors.

ICICI Bank and State Bank of India (SBI) have a base rate of 9.7 per cent.

Honda Cars, the country’s fourth largest passenger vehicle maker, will announce a price increase this week for most of its products. It will follow the top two in the segment, Maruti Suzuki and Hyundai, which announced a price rise earlier this month.

It is likely to be a rise of one to two per cent. “The main driver is an increase in costs. The weakening rupee is also a factor. We are evaluating the increase that is required”, said Jnaneswar Sen, senior vice-president (marketing & sales) at Honda Cars India.

E-commerce major Flipkart today launched its instant refund mechanism facility, a move that will help its customers get refunds as early as within 24 hours of returning the product.

Previously, the refund process used to take three to five business days.

Anil Ambani-led Reliance Group has expressed a keen interest in playing a larger role in the growing economic ties between India and Qatar by expanding business cooperation with the Gulf country.

Ambani called on Qatar's Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani among other senior Qatari ministers during a visit to the oil-rich country yesterday.

The water & effluent treatment strategic business group of L&T Construction has won turnkey orders worth Rs 1,489 crore in August 2015, in three packages, from Public Health Engineering Department, Ajmer, under the Rajasthan Rural Water Supply and Fluorosis Mitigation Project (Nagaur).

The projects, funded by Japan International Cooperation Agency (JICA), are aimed at providing potable water to 986 villages and seven urban towns in Nagaur district and 111 villages and two towns of Bikaner district in Rajasthan.

The Supreme Court on Monday dismissed a petition seeking cancellation of bail of film star Salman Khan who was convicted and sentenced in a hit and run case.

The apex court bench headed by Chief Justice H.L. Dattu declined the plea by one of the alleged victims associated with the case and belonging to Mumbai Police.

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