Rupee made a mild comeback as it recovered 8 paise to 64.55 against the dollar on Wednesday after fresh selling of the US currency amid a higher opening in domestic equities. A weak dollar overseas supported the rupee, forex dealers said.

Meanwhile, the dollar index fell to a near three-week low on disappointing US housing starts data. On day, the rupee had lost 11 paise to close at 64.63 on dollar demand from importers as growing geopolitical unrest hastened the flight to safety.

Buoyed by forecast of a normal monsoon and shrugging off weak trend in global markets, the benchmark BSE Sensex rose over 54 points in opening trade on Wednesday after investors took to select stock-picking. The 30-share barometer was trading higher by 54.45 points, or 0.18%, at 29,373.55 with IT, power, technology, healthcare and FMCG sector stocks leading the recovery.

Indian Space Research Organisation plans to undertake next month the first developmental flight of a "game-changer" rocket capable of launching four-ton class of satellites from Sriharikota spaceport, says its Chairman A S Kiran Kumar.

ISRO rockets (launch vehicles) at present have the capability to launch satellites up to 2.2 tons; it depends on international launchers to orbit satellites heavier than that.

Two consecutive years of high double-digit growth in the Indian market has prompted Swedish luxury car maker Volvo to look at expanding operations with a possible local assembly. All Volvo cars sold in India are now imported as completely built up units and attract 120 per cent in the form of various duties. Local assembly would bring duties down to 70 per cent and help the company grow.

US President Donald Trump’s move to tighten the visa regime indicates a more “aggressive” monitoring and enforcement of the H1B programme by America, industry body Nasscom said on Tuesday.

Trump is scheduled to travel to Milwaukee, Wisconsin, the home state of House of Representatives Speaker Paul Ryan, to sign the “Buy American, Hire American” executive order.

NEW DELHI, April 19 (Reuters) - Tata Motors is planning to export some of its unsold stock of older-technology trucks, after an unexpected ban on their sale in India, a senior company executive said on Wednesday.

India's top court in March banned the sale of vehicles that run on older Euro III fuel technology from April 1, a decision that led to a sharp fall in shares of major automakers sitting on unsold inventory.

New Delhi, Apr 19 () Maruti Suzuki tightened its grip on the Indian passenger vehicles market with with seven of its models featuring in the ten best selling list in 2016-17, with its small car Alto retaining the top seller tag for the 13th consecutive year.

According to data released by Society of Indian Automobile Manufacturers (SIAM), Maruti Suzuki India (MSI) had only six models in the top ten list in 2015-16.

New Delhi, Apr 19 () Markets regulator Sebi is looking to grant unified licence to brokers and clearing members for operating in commodity derivative as well as equity markets.

The board of the Securities and Exchange Board of India (Sebi) is likely to discuss a proposal to this effect next week, sources said.

New Delhi: The Supreme Court on Wednesday revived the 25-year-old trial in the Ayodhya-Babri Masjid dispute by allowing fresh charges of criminal conspiracy against Bharatiya Janata Party (BJP) leaders L.K. Advani, Murali Manohar Joshi, Uma Bharti and 13 others.

A bench comprising justices P.C. Ghose and Rohinton Nariman also directed transfer of cases from a court in Rae Bareilly to a special court in Lucknow that is also hearing certain related cases on the 1992 Babri Masjid demolition issue.

Mumbai: Weak state-run banks like Indian Overseas Bank, IDBI Bank, Bank of India and Union Bank of India are in for regulatory action if the tightened prompt corrective action (PCA) is implemented properly, warns S&P in a report.

“If the norms were applied to reported numbers for December 2016, among the banks rated by us, Indian Overseas Bank is in risk threshold 3; IDBI Bank is in risk threshold 2; and Bank of India and Union Bank of India are likely be in risk threshold 1;” S&P credit analyst Geeta Chugh said on Tuesday.

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