Business

This comes on the heels of government last month seeking bids for the international version of the scheme to enhance air connectivity to select overseas destinations.

Its total income (consolidated) rose to Rs 79,302.72 crore in the quarter under review, compared to Rs 74,948.51 crore in the year-ago period, State Bank of India (SBI) said in a regulatory filing.

IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.

The report predicts average app usage time in India will grow by 90 per cent in 2019 from 2 hours in 2017, app downloads 153 per cent and digital advertising 25 per cent from 73 per cent and 13 per cen in 2017.

According to the latest depository data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 28,921 crore from equities in October and Rs 9,979 crore from the debt market, taking the total to Rs 38,900 crore (USD 5.2 billion).

Net profit came in at 32.47 billion rupees ($446.92 million) in the quarter ended Sept. 30, compared with 36.96 billion rupees a year earlier.

In June, India decided to impose retaliatory tariffs from August 4. But it was extended by another 45 days till September 18 and then again till November 2.

Of the 14.89 crore share on offer, institutional investors put in bids for 15.84 crore shares or 1.06 times the shares reserved for institutional buyers, as per data available with NSE.

As per the latest World Bank report, there are some areas where India is lagging far behind the global rankings, the officials pointed out. For instance, India is placed at 137th when it comes to starting a business.

Traders said the US dollar's strength against some currencies overseas and a lower opening in the domestic equity markets also weighed on the local unit.

Manoj Sinha said discussions and announcements at India Mobile Congress show that India is ready for the emerging 5G services. The 5G technology would facilitate machine-to-machine communication and has multiple usages.

Most Asian markets skidded to multi-month lows and European shares opened sharply weaker on worries over corporate earnings and global growth.

Brokers said negative cues from other Asian bourses after US markets plummeted on Wednesday as a sharp drop in tech shares and worries about corporate earnings, triggered sell-off on the domestic exchanges here.

The data also added that a growth of more than 80 per cent was registered in the number of returns filed in the last four financial years.

There are about 400 petrol pumps in Delhi and all of them will remain closed for nearly 24 hours in protest from 6 am onwards on October 22 and remain closed till 5 am on October 23.

According to the latest depository data, foreign portfolio investors (FPIs) sold equities to the tune of Rs 19,810 crore during October 1-19 and bonds worth Rs 12,167 crore, taking the total to Rs 31,977 crore (USD 4.3 billion).