Rupee hits record low! Slumps 43 paise to 70.32 against US dollar

Rupee hits record low! Slumps 43 paise to 70.32 against US dollar

Forex dealers said besides strong demand for the American currency from importers, capital outflows mainly weighed on the domestic currency. A sharp surge in trade deficit too impacted the rupee.

Ayushman Bharat: Why world’s largest health insurance may not bring big business to India’s insurers
Ayushman Bharat: Why world’s largest health insurance may not bring big business to India’s insurers

Ayushman Bharat, renamed as Jan Arogya Abhiyan, may not be able to bring in big business for the domestic insurers.

Who is Nitin Sandesara? Sterling Biotech owner who has been detained in Rs 5,000 crore fraud case
Who is Nitin Sandesara? Sterling Biotech owner who has been detained in Rs 5,000 crore fraud case

Nitin Sandesara, owner of Gujarat-based Sterling Biotech has been detained in UAE in connection with a Rs 5,000 crore bank fraud.

Blackstone may buy stake in loyalty arm of Jet Airways, deal could value Jet Privilege at about Rs 3000-4000 cr
Blackstone may buy stake in loyalty arm of Jet Airways, deal could value Jet Privilege at about Rs 3000-4000 cr

Blackstone Group LP is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said.

Govt to test underutilized natural gas-fired power plants as 'peakers' to even out supply fluctuations
Govt to test underutilized natural gas-fired power plants as 'peakers' to even out supply fluctuations

India has an ambitious goal of installing 175 gigawatts of renewable energy by 2022, or a little more than the country’s current peak demand, as part of its Paris climate pledge to cut carbon emissions.

Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders' top pick
Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders' top pick

The Sajjan Jindal-led steelmaker has offered to pay Rs 19,350 crore to lenders of Bhushan Power against their total outstanding of Rs 47,000 crore and Rs 350 crore to the operational creditors in lieu of their admitted claims of Rs 700 crore.

Railway stations Revamp: DDA puts a spanner in the works
Railway stations Revamp: DDA puts a spanner in the works

While the railways has sweetened the package for private developers seeking to grab its station redevelopment projects, the plan has run into a hurdle as the MoHUA has asked a Cabinet note in this regard.

AUTOMOBILES

Independence Day 2018: 5 Things that have made driving in India easier: From Digilocker to Faster Tolls!
Independence Day 2018: 5 Things that have made driving in India easier: From Digilocker to Faster Tolls!

Over the last few years changes made in governance and digitisation, have even further driven this trend, making it easier to own service and have comprehensive paperwork for a vehicle without much duress. Here are our top 5 things that we have to celebrate as drivers this Independence day 2018

TECHNOLOGY

Reliance Jio GigaFiber registration begins: How to book and expected rate of plans
Reliance Jio GigaFiber registration begins: How to book and expected rate of plans

The much-awaited Reliance Jio Gigafiber registrations began on Wednesday with the telecom operator claiming to offer download speed of one gigabit per second through this optical fibre based fixed-line broadband service. The registrations have started both on the Jio website as well as the MyJio App.

COMMODITIES

Pink Bollworm attack: Maharashtra farmers stare at missing 12 lakh bales
Pink Bollworm attack: Maharashtra farmers stare at missing 12 lakh bales

Maharashtra's cotton crop is likely to be hit this year, thanks to the Pink Bollworm attack again. From a crop size of 82 lakh bales last season, the crop is likely to reduce to 70 lakh bales if the farmers remove cotton after 2 pickings.

Horoscope: By Peter Vidal

Today ( 16 Aug )This Week ( 12 Aug - 18 Aug )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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