American e-commerce company Amazon on Thursday opened its largest fulfilment centre (FC) in the country at the GMR-led Rajiv Gandhi International Airport in Hyderabad, even as the country prepares for the upcoming festive season.

The new facility has a carpet area of around 4 lakh square feet, along with a storage space of close to 2.1 million cubic feet. This is Amazon's fifth fulfilment centre in Telangana, thereby increasing the firm's overall storage capacity to 3.3 million square feet in the state. The retail major plans to facilitate faster deliveries in the region.

Mumbai: The rupee on Friday was trading higher against the US dollar, tracking gains in the Asian currencies markets.

At 2pm, the rupee was trading at 63.94 a dollar, up 0.15% from its Thursday’s close of 64.05. The rupee opened at 63.84 a dollar and touched a high of 63.80, a level last seen on 9 August.

Mumbai: The Securities and Exchange Board of India (Sebi) has directed angel investor networks and start-up funding platforms to warn every company and investor through a disclaimer that crowdfunding platforms are neither stock exchanges nor authorized by the capital markets regulator to solicit investments. The disclaimer must also state that the securities traded on these platforms are not traded on any regulated exchange.

The directive, in a July-end letter, comes against the backdrop of an increase in crowdfunding activity in the start-up space and the absence of any law to govern it.

The inter-ministerial group (IMG) that is to decide on the contours of Air India’s divestment is evaluating all options and is still in the process of receiving suggestions, Union civil aviation minister Ashok Gajapathi Raju told FE in an interview. “Let’s not go into any kind of speculation at this moment. The group of ministers has just met twice and is still in the process of inviting suggestions. As part of the group we are looking into all the possible options to make Air India a vibrant airline,” the minister explained.

Shares of Tata Motors dipped more than 1% just after Tata Motors-owned Jaguar Land Rover (JLR) today reported 4.3% increase in retail sales at 38,519 units in August 2017. The stock of the Tata group’s automaker Tata Motors fell as much as 1.27% to the day’s low of Rs 374.1 on BSE today. Over 50 lakh shares of Tata Motors have been traded so far on both BSE and NSE.

Total retail sales for Jaguar Land Rover were at 38,519 units in August which is 4.3% up as compared to August 2016. The said sales during the month grew on the back of the launch of new Range Rover Velar and the long wheelbase Jaguar XFL in China as well as continuing strong sales of Discovery Sport and F-PACE.

MUMBAI: State Bank of India, battling the lack of any major project lending plans, is planning to capitalise on the reviving demand for home loans and may use the festival season to drive its mortgage business which is already accelerating.

In what is likely the biggest push to increase market share in home loans since its teaser rates a decade ago, the biggest lender of the country has waived off processing fees for all home loans and will deploy 7,500 specialised ‘feet on street’ to market its home loans over and above the thousands who already do so at its branches.

Fate of over 300 job aspirants hangs in balance as IT major Wipro is yet to give any joining letters to them despite giving them campus placement 20 months ago.

Students from various professional colleges were given offer letters following a campus placement in November 2015, however the company has yet not provided them any assurance on the date of joining.

Nissan India has announced a host of offers on Nissan and Datsun models for customers with effect from September 5.

Customers can enjoy benefits up to Rs 71,000 on Nissan models, which include free insurance, an exchange bonus of Rs 20,000 and a corporate offer of Rs 6,000, a statement from Nissan said.

Shares of Larsen & Toubro rallied nearly 5% in an otherwise flat market following news reports that the company is hopeful of bagging some six defence contracts amounting to Rs 40,000 crore.

The stock gained as much as 4.83% to Rs 1,181 in intraday trade on the BSE. The stock was the top gainer on Semsex and Nifty.

Expanding its premium speakers’ line-up, Sony India on Thursday launched the ‘MHC-V90DW’ audio system in India for Rs 65,990. ‘MHC-V90DW’ stands 170cm tall with wheels and handle bar to move it around and an open back-type cabinet, delivering an output power of 2,000 watts. The speaker comes with a gesture control feature to allow users control volume and soundtracks by waving the hand, the company said in a statement. It is also equipped with motion control enabling users to perform operations by shaking their smartphones.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.