Business

South Africa, India, Mexico, Tanzania and Uruguay were among the top countries that safeguard e-money via some sort of deposit insurance or protection.

Inching closer to its all-time intraday high, the 30-share index was trading 220.26 points, or 0.55 per cent, higher at 40,272.13, and the broader NSE Nifty advanced 64.80 points, or 0.55 per cent, to 11,908.90.

The US Federal Reserve is expected to announce its policy rate decision on Wednesday. According to experts, the Fed is likely to approve its third interest rate cut in a row this year.

The Indian unit opened on a bullish note after an extended weekend and rose to a high of 70.68 to the dollar during the day. But, it moved southward during the fag-end of the session and settled at 70.84.

The Trade Representatives of Electronic Nicotine Delivery Systems has written to all chief ministers, and are hopeful of receiving replies from at least the non-BJP ruled states.

In July, the Centre had told the apex court that leading private telecom firms like Bharti Airtel, Vodafone and state-owned MTNL and BSNL have pending licence fee outstanding of over Rs 92,000 crore till date.

On the BSE, the airline stock tanked 11.91 per cent to close at Rs 1,467.90 apiece. During the day, it plummeted 12.83 per cent to Rs 1,452.50 apiece.

SBI on Friday said net profit increased to Rs 3,012 crore in the September quarter compared with Rs 944.87 crore in same period last year.

IndiGo parent InterGlobe Aviation Ltd's net loss grew to 10.66 billion rupees ($150 million) in the three months to September 30 from Rs 6.52 billion a year earlier, the only other instance that the airline reported a quarterly loss.

Reliance and its partner BP Plc of the UK had in June 2017 announced an investment of Rs 40,000 crore in the three sets of discoveries to reverse the flagging production in KG-D6 block.

The 30-share index was trading 122.21 points, or 0.31 per cent, higher at 39,174.27 in morning trade. The broader NSE Nifty advance 32.30 points, or 0.28 per cent, to 11,618.65.

At 11:19 am, the S&P benchmark BSE Sensex rose 10.43 points, or 0.03%, to 38,609.42, while the Nifty 50 index was slipped in the negative, trading at 11,450.15, down 13.85 points, or 0.12%.

Lakshmi Vilas Bank scrip went lower by 4.96 per cent to its lower circuit level as well as one-year low of Rs 22.05 on the BSE. Shares of Syndicate Bank also fell 2.24 per cent to Rs 24 -- its 52-week low.

At the interbank foreign exchange, the rupee opened at 71.26 then fell to 71.33 against the US dollar, showing a decline of 10 paise over its previous closing.

The 30-share index was trading 101.53 points, or 0.27 per cent, higher at 38,316 at 0930 hours. Similarly, the broader NSE Nifty rose 25.75 points, or 0.23 per cent, to 11,366.90.

In its most expensive acquisition ever, Oil and Natural Gas Corp (ONGC) last year paid Rs 36,915 crore to buy government's entire 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL).