Business

Forex traders said the strength of the US dollar against other overseas currencies and concerns about US-China trade negotiations also kept investors edgy.

The premium coffee chain has expanded its footprint in India by entering Gujarat with five new stores in Ahmedabad and Surat on Wednesday.

Currently, the National Electronic Funds Transfer operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days with the exception of second and fourth Saturdays of a month.

SBI has an exposure of 115 billion rupees to auto dealers, Chairman Rajnish Kumar said during a post-earnings conference call on Friday, but clarified that there was no risk of concentration of stress.

In four days of heavy selling, when shares of the company have tanked over 48 per cent, its market valuation has been eroded by Rs 1,956.6 crore to Rs 2,110.40 crore on the BSE.

At 12.36 pm, shares of JK Tyre and Industries were trading at Rs 66.15 apiece, down 7%, on BSE after hitting an intra-day low of Rs 60.95. The stock has corrected by a massive 47% in the last one year.

The Consumer Protection Bill, 2019 seeks to penalise misleading advertisements placed on virtually any medium, including television, radio, print, outdoor ads, e-commerce, direct selling and telemarketing.

Nine out of the top 11 markets in the country witnessed a marginal rise in revenue per available room (RevPAR) during this period.

Strengthening of the US dollar vis-a-vis other currencies overseas kept the pressure on the Indian rupee. Besides, market participants are also looking forward to the US and China trade talks, which is also likely to impact the rupee's movement.

The one-day event was not only a meeting place for recruiters and jobseekers but also had many panel discussions on job opportunities, work culture as well as a film screening.

Bond yields had risen sharply last week on news reports that the Prime Minister's office (PMO) was reassessing the idea of issuing foreign currency overseas sovereign bonds.

While presenting the Budget, Nirmala Sitharaman had said that India would look to issue overseas foreign currency sovereign bonds in addition to raising funds from the domestic market.

Telecom Minister Ravi Shankar Prasad met the industry honchos and assured them of government's full support on outstanding issues such as cut in levies and refunds

The GST Council also reduced the GST on EV chargers from 18% to five per cent. The new rates will be effective from 1st August 2019.

At the Interbank Foreign Exchange, the rupee opened weak at 69.12 then fell to 69.14 against the US dollar, showing a decline of 10 paise over its previous closing.

Both Tata Motors’ subsidiary Jaguar Land Rover and its domestic business may report consolidated losses of up to Rs 2,127 crore, compared to a loss of Rs 1,900 crore during the same quarter a year ago.