NEW YORK:The US dollar weakened in late trading on Wednesday as safe-haven demand reduced amid momentum in riskier assets. The dollar index, which measures the greenback against six major peers, was down 0.45 per cent at 96.4337.

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NEW DELHI: Beverage major Coca-Cola's long-term investment plans in India remain intact despite coronavirus-induced economic turbulence, a key company executive said.
Accordingly, the beverage major is expected to complete the earlier announced $5 billion investment this year for creation of retail infrastructure, bottling plants and introduction of new products, amongst others.

NEW DELHI:India needs to take a calibrated call in reducing import dependence from China and not through sudden stops.
At present, a huge clamour has grown about banning imports from China, after the border standoff.

NEW DELHI:Diesel has maintained its gain over petrol in Delhi as oil marketing companies kept the prices of auto fuels unchanged on Wednesday after raising the price of diesel by 25 paisa per litre in the city a day earlier.

NEW DELHI:The Delhi High Court in an interim relief to Zee Entertainment Enterprises Ltd stayed IDBI Trusteeship and Franklin Templeton from selling or transferring the company's shares worth Rs 740 million, after the court admitted an appeal filed by Zee.

NEW DELHI:A hacker group has broken into at least 570 e-commerce stores in 55 countries, including in India, in the last three years, leaking information on more than 184,000 stolen credit cards and generated over $7 million (over Rs 52 crore) from selling compromised payment cards.

NEW DELHI:India's first-ever public-private partnership (PPP) scheme in passenger rail operations rolled out by the Indian Railways will stimulate private sector investments in the country, the Acuite Ratings & Research said in a report.

NEW YORK: The US dollar strengthened as traders sought safe haven amid concerns over soaring coronavirus infections. The dollar index, which measures the greenback against six major peers, was up 0.15 per cent at 96.8744.

MUMBAI:The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

MUMBAI:Krishna Holdings, a subsidiary of UltraTech Nathdwara Cement, will sell its entire 92.5 per cent stake in China's Shandong Binani Rongan Cement for around $129 million.
UltraTech Nathdwara Cement is a subsidiary of the UltraTech Cement.

NEW DELHI:With parity between the prices of petrol and diesel, there is no economic logic for buying diesel cars as with the same running cost, the acquisition cost differential is very high.

MUMBAI:Assets under management (AUM) of Bajaj Finance under moratorium has reduced from 27 per cent as of April 30 to 15.5 per cent as of June 30.
In a regulatory filing, the company further said that it may consider additional accelerated provisioning for COVID-19 in the first quarter of FY 2020-21 to further strengthen its balance sheet.

MUMBAI:The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect.
Following the reduction, MCLRs of the bank will range from 7.10 per cent to 7.65 per cent.

NEW DELHI:To augment revenue and bring down inflation, the Delhi Petrol Dealers Association (DPDA) has urged the Delhi state government to reduce VAT (value added tax) on petroleum products in the national capital.

NEW DELHI:Facing social media onslaught over it being a Chinese company, US-based video meet platform Zoom on Monday that they are clear about its identity and plan to significantly invest and hire local talent in the country over the next five years.

NEW DELHI:Leading digital payments platform Paytm along with its founder Vijay Shekhar Sharma on Monday announced the acquisition of Mumbai-based private sector general insurance company Raheja QBE, to democratize general insurance services in the country.

NEW DELHI:Fuel prices remained unchanged on Saturday making it the fifth consecutive day when pump prices of petrol and diesel have remained static.
Fuel prices have gone for a longer pause after rising on 22 of the past 28 days. The oil marketing companies (OMC) began their daily price revision system from June 7 that kept the petrol and diesel prices to rise continuously by an average 50-60 paise per day.

NEW YORK:The US dollar declined modestly as traders continued to focus on rising coronavirus cases and weigh their impact on the economic recovery.
The dollar index, which measures the greenback against six major peers, was down 0.10 per cent at 97.1762.

MUMBAI/SINGAPORE:Ratings agency Fitch Ratings on Wednesday said that India's banking sector is expected to face capital shortfalls due to coronavirus pandemic-related disruption.

NEW DELHI:Fuel prices seem to have gone for a longer pause after rising for 22 of the past 25 days as oil marketing companies (OMC) kept the pump prices of petrol and diesel unchanged again on Wednesday.

MUMBAI:The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

NEW DELHI:French Ambassador to India, Emmanuel Lenain, on Tuesday paid a visit to a fair price shop in Tughlakabad Extension in the national capital.India and France last week signed a credit financing agreement for 200 million euros to bolster India's Covid-19 response. Through this loan from the French Development Agency, France will work with India to increase the state and Central governments' capacities to support the country's most vulnerable sections in the wake of the Covid-19 pandemic.

MUMBAI:A new startup venture, 'Bima Mandi' hopes to digitize and provide access to insurance and financial services for those living in rural areas, the promoters said here on Saturday.

AMARAVATI:Despite the hurdles in transport due to COVID-19 lockdown and social distancing norms put in place, the Andhra Pradesh government managed to procure a record 7,83,246 metric tonnes (MT) of crops during the Rabi season. Managed by the state cooperative marketing federation (MARKFED), the procurement worth Rs 2,571 crore has benefitted more than 2.35 lakh farmers of AP.

NEW DELHI:Uday Kotak, CII President and Managing Director & CEO, Kotak Mahindra Bank is a leading voice of India Inc and financial sector.
In a wide ranging interview with IANS, Kotak said the border issue with China has created a strong resolve to build more competitive domestic capacities. "India needs to become economically more self-reliant", he said. However, complete decoupling with China may not be possible in the near term, given the high level of dependence on import of raw material and parts for many industries.

NEW DELHI;The social network has kicked off a new initiative called Boost with Facebook Summer of Support during which, it will help millions of people get the digital skills and information they need to navigate these challenging times and adjust to a new normal.

NEW DELHI:Transport fuel diesel prices continued its roll on Thursday, surpassing Rs 80 per litre mark in Delhi with oil marketing companies raising its prices on the 19th consecutive day.

NEW DELHI:The Ministry of Corporate Affairs (MCA) has extended the deadline for registration of independent directors on its online databank till September 30. The previous deadline was June 30.

NEW DELHI:Diesel has become the most expensive auto-fuel in the country overtaking petrol for the first time in a long while as the oil marketing companies on Wednesday raised its pump prices by 48 paisa while keeping the price of the other fuel unchanged.

NEW DELHI:Union Road Transport & Highways Minister Nitin Gadkari on Tuesday said that the Central government has prioritised the development of indigenous, low carbon, sustainable and economically viable transportation system.

NEW DELHI:In line with the �Aatmanirbhar Bharat' vision, the Centre proposes to make major changes in the import policy for power equipment in a bid to promote domestic manufacturing and reduce import content in large infrastructure projects.

NEW YORK:The US dollar weakened in late trading on Tuesday as market participants digested a slew of economic data.
The dollar index, which measures the greenback against six major peers, was down 0.39 per cent at 96.6619.
In late New York trading, the euro rose to $1.1312 from $1.1260 in the previous session, and the British pound was up to $1.2522 from $1.2471 in the previous session, Xinhua reported.

NEW DELHI:Railways Minister Piyush Goyal on Monday asserted that there are huge opportunities for private businesses in the sector as the national transporter is willing to lease out traffic routes and parcel trains to them.