Business

The company's committee of directors has approved an offer for issuing up to 1 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) to raise up to Rs 100 crore.

Economists regard competitiveness as vital for the long-term health of a country's economy as it empowers businesses to achieve sustainable growth, generates jobs and, ultimately, enhance the welfare of citizens.

Indraprastha Gas, which retails CNG to automobiles in the Delhi and adjoining cities, reported on May 24 a 28 percent surge in its March quarter net profit on the back of higher sales.

The partially convertible rupee was trading at 69.49/50 per dollar at 0343 GMT, after rising to 69.3550 earlier, making it up 1.2 percent on the day.

Investors have said that there can be sharp movement in the markets but the exit polls may bring some decisiveness on the table.

Forex traders said, besides the US-China trade concerns, foreign fund outflows also kept pressure on the Indian rupee.

The blockade on Qatar and withdrawal of 28 weekly between Doha and cities of New Delhi and Mumbai has increased the pressure on available seat capacity in Qatar-India routes, the airline has said.

The news of the rift comes against the backdrop of the current turmoil in Jet Airways, which has temporarily shut operations and hit the Indian aviation market hard.

The private carrier had halted all flight operations indefinitely around mid-April due to an acute liquidity crisis.

The inflation based on Consumer Price Index (CPI) 2.86 per cent in the previous month and 4.58 per cent in April 2018, said the data released by the Central Statistics Office (CSO).

The 18 member unions of Amul Federation, with a farmer-member strength of more than 36 lakh across 18,700 villages of Gujarat, are procuring on an average 230 lakh litre of milk per day.

The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms which requires them to store transactions data of Indian customers within the boundaries of India.

Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas, foreign fund outflows and cautious opening in domestic equities added pressure to the domestic unit.

Jio MPoS doesn’t demand any merchant discount rate (MDR) and offers a loyalty programme, it said, adding its monetisation strategy includes merchandise delivery, advertising, and supply-side aggregation.

For the sixth year in a row, Scotland's richest person was named as Glenn Gordon and his family, the Jersey-based tycoon behind distillers William Grant & Sons.

The scrip went up by 2.85 per cent to close at Rs 151.80 on the BSE. During the day, it gained 6.91 per cent to Rs 157.80.