Business

The three companies will collaborate to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market.

Besides the greenback's weakness against some currencies overseas, increased selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.

L&T has also announced an open offer to the public shareholders of Mindtree to purchase up to an additional 31 percent of the outstanding shares of Mindtree at a price of Rs 980 per share in cash.

After the DGCA grounded all 12 of SpiceJet's 737 Max aircraft on March 13 following the Ethiopian Airlines crash, that killed 157 people, the problem of rising airfares in Indian market has 'aggravated'.

Honest businessmen and genuine entrepreneurs must never be allowed to feel harassed by the petty revenue officials, said former prime minister Manmohan Singh.

The 108 experts, from across the globe, further said that in fact, any statistics that cast an iota of doubt on the achievement of the government seem to get revised or suppressed on the basis of some questionable methodology.

According to the latest WPI data, the inflation in the food basket was 4.28 per cent in February, compared with 2.34 per cent in the previous month.

The total value of the endowment corpus, which supports Azim Premji Foundation's philanthropic activities, contributed by Premji has swelled to a staggering Rs 1.45 lakh crore.

Ruchi Soya has a total debt of about Rs 12,000 crore. The debt-ridden firm has many manufacturing plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.

Top gainers in early trade include HCL Tech, IndusInd Bank, HDFC Bank, HUL, Axis Bank, Bajaj Auto, RIL, SBI and Infosys, rising up to 2.58 per cent.

Food inflation based on CPI, however was in negative at 0.66 per cent. The latest print is higher than (-) 2.24 per cent in January.

In the last few months, Kotak group has successfully tapped into foreign money like getting a USD 500 million commitment from the Abu Dhabi Investment Authority (ADIA) to invest in stressed assets in the country.

FPIs put in a net amount of Rs 5,621 crore in equities during March 1-8. However, they pulled out a net sum of Rs 2,880 crore from the debt markets, leading to an overall investment of Rs 2,741 crore in the capital markets.

To provide short-term crop loans up to Rs 3 lakh to farmers at an interest rate of 7 per cent, the RBI said it has been decided to offer interest subvention of 2 per cent per annum to lending institutions.

The rupee opened strong at 70.08 at the interbank forex market and then gained further ground and touched 69.98, a gain of 30 paise over its last close.

The court has previously said Ghosn's continued detention was justified because he posed a flight risk and could seek to tamper with evidence.