Business

The benchmark BSE Sensex was trading up 69.41 points, or 0.17%, to 41,421.58, while the Nifty 50 rose 18.90 points, or 0.16%, to 12,183.90.

At the Interbank Foreign Exchange, the rupee opened weak at 71.08 then fell to 71.11 against the US dollar, showing a decline of 13 paise over its previous closing.

RIL currently has about 1,400 operating petrol pumps and some 30-odd aviation fuel stations at airports. These will be taken over by the RIL-BP joint venture and grown in future.

Losses in FMCG, auto, energy and select banking stocks eroded the gains later with Sensex settling 70.99 points or 0.17 per cent down at 40,938.72.

Mother Dairy said it is compelled to raise prices in Delhi-NCR for all its milk variants with effect from December 15, 2019.

Yes Bank shares soared 10% on reports that the lender is seeking exemption from the Securities and Exchange Board of India's (Sebi’s) six-month rule for its Rs 2,000 crore qualified institutional placement (QIP) scheduled for January.

The government is in the process of finalising the contours for divestment of debt-laden Air India.

Among the Sensex stocks, HDFC emerged as the top gainer, rising by 2.06 per cent, followed by Axis Bank, Maruti, Reliance, Power Grid and Tata Steel.

More than the losses to the economy, job loss due to clampdown on internet services, protests and strikes was more worrying, Kashmir Chamber of Commerce and Industry (KCCI) president Sheikh Ashiq Hussain said.

Most emerging markets currencies have depreciated against the US dollar, hurt by the tit-for-tat trade war between the world's two largest economies, and there are scant signs of a resolution anytime soon.

The Personal Data Protection Bill, makes it mandatory for critical data to be stored in India, while sensitive data can be processed outside with explicit consent of data owner.

At the interbank foreign exchange, the rupee opened weak at 71.76 then fell to 71.78 against the US dollar, showing a decline of 12 paise over its previous closing.

The company has signed a pact with AlixPartners to acquire the exclusive ownership of the brand in India, Sri Lanka and Mauritius markets for a one-time payment of GBP 1.5 million (around Rs 13.9 crore).

The report says that Infina Finance issued CPs worth Rs 8,500 crore for financing the two IPOs, while India Infoline Finance raised Rs 5,000 crore only for Ujjivan IPO.

Moody's added that India will remain the world's second-largest steel producer behind China after having overtaken Japan in 2018.

For 4,247 rupees ($60) a month, the Mumbai-based executive furnished his entire home, sourcing furniture for his bedroom, living room and dining area as well as a refrigerator and microwave.