Foreign exchange reserves fell below $400 billion, for the first time since November 11, 2017, in the first week of September.

As on September 7, foreign exchange reserves stood at $399.28 billion, a result of the Reserve Bank of India’s intervention at a time when portfolio flows were witnessing some reversals.

Fuel prices have yet again witnessed a hike on Saturday, with petrol and diesel breaching earlier figures to touch new record highs.

In New Delhi, petrol is being sold 35 paise higher at Rs 81.63 per litre, while the price of diesel has been hiked by 24 paise to Rs 73.54 per litre. Mumbai continues to be the worst affected by rising fuel prices, with petrol retailing at a staggering Rs 89.01 per litre and diesel at Rs 78.07 per litre.

Sanju, Padmaavat, Raazi, Sonu Ke Titu Ki Sweety, Bharat Ane Nenu, Rangasthalam. The list of profitable films in 2018 is getting longer. “It has been a great year so far,” says Nitin Tej Ahuja, publisher of trade magazine Box Office India. After a miserable two years of flopping films and stagnant revenues, what has changed for the Rs 156-billion film industry?

A high-level meeting chaired by Prime Minister Narendra Modi on Friday decided to curb non-essential imports and increase exports, besides announcing five-pronged measures to increase dollar inflows into the country to fund and reduce the current account deficit (CAD).

The CAD rose to 2.4 per cent of the country's gross domestic product (GDP) in the first quarter of 2018-19 from 1.9 per cent in the fourth quarter of 2017-18.

Seoul: Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.

Chung, 47, will assist his father and group chairman Chung Mong-Koo, who promoted his son to respond to “deteriorating global trade issues and changes in competitive dynamics in major markets,” Hyundai Motor Group said in a statement.

New Delhi: The Telecom Regulatory Authority of India (Trai) has decided to reduce the scope of consultation for the proposed regulatory framework for over-the-top (OTT) communication platforms such as WhatsApp and Skype.

Telecom operators, who once cried foul over the regulatory imbalance, are now seeing rising data consumption on their networks because of such apps, according to the regulator.

The First Class Judicial Magistrate of Dharmabad of Nanded district in Maharashtra has issued Non-Bailable Warrants (NBWs) of arrest against Andhra Pradesh Chief Minister N. Chandrababu Naidu and fifteen others in a case relating to 2010.

The NBWs, it is learnt, were issued against Mr. Naidu and others for allegedly defying prohibitory orders and leading a protest against construction of Babli project by Maharashtra in July 2010.

The BSE benchmark Sensex reclaimed the 38,000-mark by surging over 300 points in opening trade Friday on heavy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low.

The 30-share barometer pushed higher by 318.85 points, or 0.85 per cent, to 38,036.81. The gauge had risen 304.83 points in the previous session on Wednesday.

In a bid to entice customers this lean season, state-run carrier Air India has come out with a latest offer under which customers can grab a 15% discount on international flight tickets. According to Air India’s website, customers can get a 15% discount on flights to to Bangkok, Hong Kong and Singapore. Under the promotional sale, the travel period should be before October 27, 2018.

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said.

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