Business
MTNL's losses mount to Rs 943 crore during June quarter
MTNL scrip closed at Rs 15.45 a share on BSE, about 0.64 per cent lower than the previous closing.
Exports up 14.32 per cent in July to USD 25.77 billion
Outward shipments of petroleum products surged from USD 3 billion in July last year to USD 3.9 billion.
Markets rebound on macro boost, global cues
The NSE Nifty, after touching a high of 11,452.45, ended 79.35 points, or 0.70 per cent, higher at 11,435.10.
IDBI Bank Q1 loss widens to Rs 2,410 crore
IDBI Bank posted a loss of Rs 853 crore in the April-June quarter of last fiscal, 2017-18.
ICICI Bank hikes fixed deposit interest rates
ICICI Bank offers best FD rate of 7.75 per cent on term deposits for a tenure of 2 years 1 day to 5 years.
Autos
Hyundai reveals new multi-zone audio system technology
Technology allows each passenger in vehicle to experience music of his/her own choice without a headphone.
PM Modi rides self-driving car in the World's only 0-carbon smart city
A demo ride in a self-driving car, which is a part of Masdar city's Private Rapid Transit was amongst the highlights of the PM's tour.
Tata 45X Hatchback’s interior spied, 2018 Maruti Ciaz bookings open
Maruti introducing an AMT option in the Swift’s top-end Z variant while Honda came up with special editions.
BMW lists M2 competition, India launch soon
The M2 can go from 0-100kmph in 4.2 seconds and has an electronically limited top speed of 250kmph.
India's first electric vehicle charging corridor to come up in Lonavala
Magenta will set up the country's first electric vehicles (EVs) charging corridor at Lonavala.
Companies
MoEngage South-East Asia’s fastest growing marketing automation platform
Using AI to help Fortune 500 brands deliver customer engagement, MoEngage Inc.
Sun Pharma Q1 net profit at Rs 982.51 crore
The company had posted a net loss of Rs 424.92 crore for the corresponding period of 2017-18.
Jet Airways, rating agencies under scanner for lapses in loan disclosure
Sebi is already looking into the issues surrounding deferment of the airline's financial results.
Godrej’s Smitha Crishna is India’s wealthiest woman
Kotak Wealth Hurun estimated Crishna to own a wealth of Rs 37,570 crore.
Questions of propriety raised over LIC bailing out IL&FS
The IL&FS bailout would be one of the biggest for the insurer, as it would mean taking over a debt of Rs 65,000 crore.
Economy
Cosmos Bank's server hacked; Rs 94 crore siphoned off in 2 days
The fraudulent transactions were carried out on August 11 and August 13 through 25 ATMs.
Rupee fall due to external factors: Economic Affairs Secretary
The rupee hit an all-time low of 70.1 per dollar earlier, as concerns about Turkey’s economic woes persisted.
Rupee crashes to all-time low of 70.09 against US dollar
The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.
China printing Indian currency notes, says report
A host of countries, including India, have contracts with the Chinese government for printing of currency notes, says the report.
Rupee recovers from life-time low, up 23 paise against US dollar
Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the US currency.
Market
Gold futures soften by 0.08 per cent on global cues
Gold is trading at Rs 29,934 per 10 grams as participants trimmed positions, tracking a weak trend overseas.
Oil prices inch up on Saudi output cut, but slowing economic growth drags
Brent crude oil futures LCOc1 were at $72.81 per barrel at 0515 GMT, up 20 cents, or 0.3 per cent.
Sensex rebounds 185 points to 37,829 on macro boost
Earnings by some blue-chip firms including Tata Steel helped in building positive sentiments.
Rupee hits all-time low
May breach the psychological 70-level mark against the US dollar.
IT stocks gain up to 3 per cent on rupee fall
Led by gains in these stocks, the BSE IT index ended 1.24 per cent higher at 14,865.80.
In Other News
Wholesale inflation eases to 5.09 per cent in July: Govt data
Retail inflation rate eased to 4.17 per cent in July.
Modi likely to announce launch of Ayushman Bharat Scheme on I-Day
The full-scale roll-out of his pet project expected in September end.
Salary costs at headquarters to attract 18 per cent GST: AAR
GST invoice for functions performed by employees in head office that has helped branches in other states.
Law soon for exchange of torn Rs 2,000 and Rs 200 notes
At present, banks are finding it impossible to exchange soiled Rs 200 and Rs 2,000 banknotes.
Chit fund investors to get insurance cover against frauds
The move comes amid reports of many investors losing money in dubious schemes floated by chit funds.