The embattled rupee suffered yet another blow today -- falling by 18 paise to end at a fresh 16-month low of 67.51 against the US currency on heavy dollar purchases and sustained fund outflows from equities.

This is the lowest closing for the rupee since January 31, 2017, when it had ended at 67.87. A handful of cautious bias kept forex trading mood at extreme level despite a better start.

Calcutta: Ford India's exports are almost double its domestic sales.

The US-based company closed calendar year 2017 with exports of 1,75,196 units compared with 1,51,638 units in 2016.

The company's domestic sales is almost half of its exports at 87,588 units for 2017 compared with 86,460 units a year ago.

Mumbai: HDFC Bank is looking to double the penetration of credit cards among its customer base over the next three years.

The lender, which is already the country's largest issuer had around 1.06 crore outstanding credit cards as of March this year. This comprises close to 25 per cent of its base of four crore customers.

New Delhi: State run oil marketing companies on Monday raised petrol and diesel prices by 17 paise and 21 paise per litre respectively, after retail automobile fuel prices remained unchanged since 24 April.

This comes in the backdrop of voting for Karnataka assembly elections getting over on Saturday. Indian Oil Corporation chairman Sanjiv Singh had earlier said that his firm had decided to “temporarily moderate” prices.

New Delhi: Most of the $1.5 billion allocated by Suzuki Motor Corp. for its research and development (R&D) activities will be spent on its most profitable unit Maruti Suzuki and help the Indian firm maintain its 50% market share amid increasing competition from European and Korean manufacturers.

Mumbai: Smaller developers won nearly half of all road-building contracts given out by the National Highways Authority of India in 2017-18, NHAI data compiled by investment bank Equirus Securities showed.

The biggest contract winners were large companies such as Dilip Buildcon Ltd (Rs18,770 crore), IRB Infrastructure Developers Ltd (Rs8,900 crore) and Ashoka Buildcon Ltd (Rs5,500 crore).

Even as over 40,000 MW of private power plants are stressed for want of power purchase agreements (PPA), state-run NTPC is busy adding new capacities at high capital costs. This is thanks to a strong legacy of PPAs executed before 2011 under the erstwhile cost-plus system.

Aiming to provide regular power to farmers through agricultural feeders, the Maharashtra government has issued a tender inviting bids for 2 MW-10 MW capacity solar projects totalling 1,000 MW under the Mukhyamantri Saur Krushi Vahini Yojana . Although termed a good initiative that would boost agricultural output, the decision to fix ceiling tariff at Rs 3.30/unit under the scheme has seen questions being raised about its viability.

NEW DELHI: Telecom companies have asked the sector regulator to take a pragmatic view on levying penalties, especially over marginal deviations from quality of service benchmarks as some of those may have been caused by natural events such as floods or heavy rains.

BENGALURU: Ravi Venkatesan, the former Infosys cochairman, is discussing a potential offer to join US ecommerce giant Amazon in its India business in a senior role, said two sources familiar with the matter. Venkatesan, who has earlier also served as the head of Microsoft India, could join as either a board member, chairman or a senior advisor at Amazon India, the sources said.

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