The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the U.S. dollar in opening session on Thursday due to increased demand for the greenback from importers amid heavy foreign fund outflows.

The dollar’s gain against major world currencies, after U.S. Federal Reserve minutes hinted at hiking interest rates faster than expectations, also impacted the rupee sentiment, a currency dealer said.

The battle lines drawn between incumbent telecom operators and the Telecom Regulatory Authority of India (Trai) hardened on Wednesday with the former threatening to legally challenge the latter’s recent regulations on predatory pricing and even spoke of approaching the department of telecommunications and the Prime Minister’s Office with their grievances with the regulator.

Biopharma major Biocon on Wednesday said it had received six observations from the US regulator US Food and Drug Administration (USFDA) during an inspection of its Malaysian facility. The US regulator had issued a Form 483 with six observations, said the company in a regulatory filing. “The USFDA has completed a pre-approval inspection of our manufacturing facility in Malaysia and issued a Form 483 with six observations,” Bengaluru-based Biocon said in the filing.

Air India stake sale: After Civil Aviation Minister Gajapathi Raju said earlier this month that any ‘unsolicited expression of interest’ in Air India is no longer relevant, even as many airlines are reportedly queuing up to pick up a stake in the state-run carrier, the minister said on Wednesday that no final decision has been made as yet. Addressing a press conference yesterday, Civil Aviation Minister Gajapathi Raju said that while there is no final decision as yet, there are lots of suggestions and the government is still mulling on the issue.

Shares of state-owned oil marketing companies (OMC) were trading weak with the Indian Oil Corporation (IOCL) hitting a 52-week low of Rs 363.60 on the National Stock Exchange (NSE) in intra-day trade on Wednesday.

Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) were down 1% to 2%, as compared to 0.07% rise in the Nifty 50 index.

The Facebook-owned Messaging application WhatsApp is set to launch new updates in the coming days. The company which is known to introduce the new features for Android first, will roll out the new features for windows phone this time. The application is reportedly testing new tickers as well as redesigned Stickers notification icon in WhatsApp beta for Windows. Apart from this, the platform can also add live location sharing feature to windows in the coming days.

Astronauts on NASA's next-generation human spacecraft, Orion, may have the option of avoiding a visit to the toilet during their deep space trip as engineers at the space agency are working on a new spacesuit with a long-term waste-disposal system.

The suit will contain all the necessary functions to support life and is being designed to sustain the crew in the unlikely event the spacecraft loses pressure.

Tata Motors, the country’s biggest commercial vehicle maker, has largely arrested the declining market share in most segments of the business. In fact, the company has increased its share in light commercial vehicles (LCV) while maintaining the share in medium and heavy commercial vehicles (M&HCV) or trucks. This has helped its domestic business turn profitable during the October-December quarter after five successive loss-making quarters.

NEW DELHI: Idea Cellular today said its capital raising committee has approved an issue price of Rs 82.50 per share for sale of shares through a qualified institutional placement (QIP) to raise as much as Rs 3,500 crore.

"The capital raising committee of the company at its meeting today approved the closure of the issue for the QIP," Idea said in a regulatory filing.

CHENNAI: Yes Bank has told the BSE that it has received necessary board approval for raising debt to the tune of Rs 3,000 crore.

Yes Bank told the BSE on Wednesday that it would be raising Rs 3,000 crore via debentures -- that are rated, listed, non-convertible, redeemable, unsecured, basel III compliant tier-2 bonds -- after it got the go-ahead from its Capital Raising Committee.

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