Business

The rupee rose to 69.58/dollar, its highest since Aug. 13 after opening stronger at 69.69 on Tuesday compared its previous close of 69.83.

The Sensex advanced by 263.06 points, or 0.69 per cent, to hit a new high of 38,210.94, breaking its previous record of 38,076.23 .

The deal with TPG could value the loyalty programme, Jet Privilege Private Ltd, at $400 million, adding that Jet continues to engage with Blackstone Group for a similar deal.

Trading in securities of the nine companies will be suspended from September 10, 2018 on account of non-compliance with Regulation 33 of LODR Regulations for two consecutive quarters — December 2017 and March 2018, the BSE said in a notice.

The inflation forecast is due to the pass-through of global crude prices, the massive hike in MSPs of kharif crops and the hike in house rent allowances by the states.

The benchmark index lost over 200 points on weak global cues and worsening trade deficit dampening investor sentiment.

This is being done to ensure safer workplaces for women in both the public ans well as the private sectors.

The rupee reversed marginally from its record lows to trade at 69.53 to the dollar from 68.84 on Friday.

SPI Cinemas, which operates 31 screens including the iconic Sathyam Cinema established in 1974 in Chennai, also has a signed pipeline of over 100 screens that are expected to be rolled out over the next five years.

"India now contributes, in purchasing power parity measures, 15 per cent of the growth in the global economy, which is substantial," Ranil Salgado, International Monetary Fund's mission chief for India. This is next to only China and the US, he said.

Traders said fresh month-end demand of the US currency from importers and dollar's strength against some currencies overseas weighed on the domestic unit.

Net profit of Rs 9,459 crore, or Rs 16 per share, in the first quarter of 2018-19 fiscal, was up 18 per cent over Rs 8,021 crore, or Rs 13.5 a share, net profit in the same period a year ago, the company said in a statement.

The new income tax return forms were notified early in April and taxpayers (whose accounts are not liable for audit) were earlier allowed to e-file their ITRs till July 31.

The Ministries of Finance and Power are discussing a plan to sell the government’s 73.67 percent stake in NHPC to NTPC, which is owned 62.7 percent by the government.

The government's proposal to sell 76 per cent stake as well as transfer management control of the debt-laden airline to private players failed to take off in May.

The company's market valuation also declined by Rs 5,150.49 crore to Rs 32,462.51 crore.