The Indian rupee crashed as much as 68 paise against the US dollar on Monday as investors turned cautious over the outcome of Gujarat State election results. The rupee plunged heavily in the opening session on Monday, diving as much as 68 paise to 64.72 against the US dollar after early trend suggested that the BJP and the Congress are neck and neck in Gujarat Assembly sweepstakes after one hour of counting of votes. According to the latest data available, BJP was seen holding 98 seats while Congress estated 83 seats.

Key indices dramatically recovered as the Bhartiya Janta Party took lead in the state of Gujarat. The counting for the two phase Gujarat Assembly elections has begun and the results are expected to come out by afternoon.

Gujarat has 26 parliamentary constituencies and 182 assembly constituencies.

Market watchdog Sebi will come down heavily on illicit 'initial coin offers' seeking public investments with promise of high returns from Bitcoins and other virtual currencies, amid a mushrooming of such schemes in the absence of any regulatory regime.

Mumbai: India’s benchmark indices rallied on Friday after most exit polls suggested a clear victory for the Bharatiya Janata Party (BJP) in both Himachal Pradesh and Gujarat elections.

The Sensex ended at 33,462.97 points, up 216.27 points or 0.65%, while the 50-share Nifty index was up 81.15 points or 0.79% closing at 10,333.25 points.

Prime Minister Narendra Modi today announced Rs 90,000 crore for improving roads and national highways in the Northeast in the next two to three years to facilitate better connectivity.

The prime minister dedicated to the nation a 271-km two- lane national highway connecting Tura in western Meghalaya and Shillong.

Union Minister of State for Civil Aviation Jayant Sinha today urged Indian entrepreneurs to develop products and services that will solve "the problems of our very own".

India must create its own success stories on the lines of global giants such as Google, Alibaba or Tencent, he said.

In a bid to plug gaps, the all-powerful Goods and Services Tax (GST) Council on Saturday decided to implement the e-Way Bill mechanism throughout the country by June 1 after reviewing the readiness of the IT network.

Under the e-Way Bill system, goods worth more than Rs 50,000 have to be pre-registered online before they can be moved from one state to another.

Former Jharkhand chief minister Madhu Koda and ex-coal secretary H C Gupta were today sentenced to three years imprisonment by a special court here in a case of coal block allocation scam.

Besides the jail term, the special court also imposed a fine of Rs 25 lakh on Koda and Rs one lakh on Gupta.

Rahul Gandhi today took charge as the president of Congress in the presence of the 132-year-old party's top brass and his family members.

The Congress' central election authority (CEA) handed him over the certificate of his elevation to the top post during a grand event held at the lawns of the All India Congress Committee (AICC) headquarters here.

We attended L&T Infotech’s (LTI) Analyst Day, and reiterate our positive hypothesis. LTI’s growth will be driven by (1) Scalability of its strong client portfolio (54 from Fortune-500, with addressability of $54 billion across verticals), (2) New wins, with addition of 65 new logos (digital and enterprise solutions-led), (3) High client penetration in digital services (32% of rev), with an increasing deal size (>$1 mn accounts expected to increase to 120 in a year from 99 currently), (4) Investments to augment S&M and leadership in Europe, (5) Acquisitions supplementing capabilities (‘Augment IQ’ for IPs and Syncordis for core banking).

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