The rupee climbed 14 paise to 70.42 against the US dollar in the opening deals on Monday. The domestic unit on Friday spurted by 32 paise to close at a nearly two-month high of 70.56 as crude oil prices receded following reports that Saudi Arabia had agreed on a temporary ceasefire in Yemen.

The local unit notched up gains of 38 paise on a weekly basis.

Dispelling the fear that a slowing economy may affect consumer behaviour, e-commerce majors Flipkart and Amazon India have said they witnessed record transactions on their platforms on the first day of their annual festive sale, which started early on Sunday.

The Coast Guard ship 'Varaha' launched by Defence Minister Rajnath Singh in Chennai recently was the 51st such vessel built by Larsen and Toubro.

Larsen and Toubro Shipyard Ltd had been mandated by the Ministry of Defence for design and construction of seven offshore patrol vessels (OPVs) in 2014.

Amazon is all set to roll its most anticipated annual sale — Great Indian Festival Sale 2019. The e-commerce platform will start Great Indian Festival Sale on September 29. Amazon Prime members will have an early access to the sale from today. More than 2,500 mobile phones and accessories are lined up for six-day mega sale which will end on October 4.

NEW DELHI : The NHAI, which is eying an estimated ₹4,995 crore from monetisation of third bundle of highway assets, has extended the deadline for receiving bids by a month on demand from investors, its Chairman NN Sinha said on Friday.

It plans to monetise nine highway stretches totalling 566.27 km in Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu in the third tranche under toll operate and transfer (TOT) model.

Facebook has come forward to put direct equity in technology start-ups in India. Not to be left behind, Twitter co-founder Christopher Isaac Biz Stone too has promised to “get involved”.

It was at the opening function of Huddle Kerala-2019, billed as “Asia’s largest tech start-up congregation”, in Kovalam on Friday that the top brass of the two social media giants made this commitment to Indian start-up eco-system.

The Reserve Bank of India's (RBI) decision to suspend Punjab and Maharashtra Co-operative (PMC) Bank's banking activities for six months was taken in haste and has led to the bank's paralysis, a top executive said on Friday. Ruling out fraud and terming the whole issue as "technical in nature", PMC Bank's suspended managing director K Joy Thomas blamed RBI for creating a panic situation among the bank's depositors.

After passing on benefits to buyers on select car models following the government's corporate tax reduction by reducing Rs 5,000 on ex-showroom price, Maruti Suzuki has now slashed the ex-showroom price of Baleno RS by Rs 100,000.

Following this massive reduction in Baleno RS cost, its ex-showroom price now stands at Rs 7.88 lakh.

Finance Minister Nirmala Sitharaman on Friday asked the ministries and the government departments to clear all the overdue payments to MSMEs and all those who have supplied goods and services to them.

“No overdue payment should be with any ministry… My intention is to make sure that the government does not sit on the payments that are due.

Pakistan Prime Minister Imran Khan warned on Friday there would be a bloodbath once India lifts its curfew in disputed Kashmir and that any all-out conflict between the two nuclear-armed nations would reverberate far beyond their borders.

Khan made the remarks in an impassioned speech to the annual United Nations General Assembly after India last month removed the decades-old autonomy in the part of Kashmir it controls and detained thousands of people.

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