Business

The rupee opened at 74.92 against the greenback, and touched a high of 74.89 and low of 75.03 during the session. It finally closed for the day at 74.91 against the American currency, up 11 paise over its previous close.

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5%, paring a quarter of its 2% losses the previous day, while Japan's Nikkei was almost flat.

The estimated first-half loss would be Cathay's biggest half-yearly loss in at least a decade and compares to a HK$1.35 billion profit in the first half of 2019, before widespread anti-government protests and the virus decimated demand.

Similarly, the NSE Nifty surged 121.75 points, or 1.15 per cent, to 10,739.95.

The company last month said it had identified just over 150 stores for closure in the first phase of a restructuring in which it will become a smaller operator.

The Confederation of All India Traders (CAIT) would also hand over more than 5,000 rakhis to Defence Minister Rajnath Singh to be further sent to soldiers guarding the country's borders.

Following the jump in its share price, the company's market valuation rose by Rs 35,373.88 crore to Rs 12,26,231.01 crore on the BSE.

The joint venture will begin selling fuels and Castrol lubricants with immediate effect from its existing retail outlets, which will be rebranded to 'Jio-bp' in due course.

The combined capital expenditure (capex) target of these 23 Central Public Sector Enterprises (CPSEs) for the year 2020-21 is Rs 1,65,510 crore.

In an exclusive interview with Network18, the veteran banker said that if interests rates were maintained at 6 per cent, the Non Performing Assets (NPAs) would double in six years.

The rights entitlement ratio is of three rights equity shares for every 26 equity shares held by eligible shareholders, STFC said further.

In its latest report, RIL said the double-digit growth observed over 52 consecutive months might have been stalled due to COVID-19, but India continues to be one of the fastest growing aviation markets.

Last month, the Mumbai Metropolitan Region Development Authority (MMRDA) scrapped the Rs 500 crore contract for sourcing 10 rakes for the Jacob Circle-Wadala-Chembur monorail project wherein two Chinese firms had expressed their interest to supply the rak...

India's twelve state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year, the IPA data showed.

Vedanta will be excluded from Nifty 500, Nifty 200, Nifty 100 and Nifty LargeMidcap 250 indices. SBI Cards and Payment Services would replace Vedanta in these indices.

The main imports from China include clocks and watches, musical instruments, toys, sports goods, furniture, mattresses, plastics, electrical machinery, electronic equipment, chemicals, iron and steel items, fertilisers, mineral fuel and metals.