The White House said on Wednesday it has issued updated guidance on President Donald Trump's executive order on immigration clarifying that legal permanent residents, or green card holders, do not require a waiver to enter the United States.

"They no longer need a waiver because if they are a legal permanent resident they won't need it anymore," White House spokesman Sean Spicer said at a news briefing.

Volkswagen has agreed to pay at least $1.2 billion in buybacks and compensation to settle claims from US owners of cars with larger diesel engines that the company rigged to cheat on emissions tests.

And the German automaker could pay even more as much as $4 billion if it can't repair many of the cars in a way that satisfies regulators.

A US jury has ordered Facebook and creators of its Oculus Rift to pay $500 million to gaming software firm ZeniMax in a lawsuit that claimed the virtual reality technology was stolen.

The Texas jury made the award yesterday in a trial in which Oculus was accused of basing its Rift headset on technology stolen from ZeniMax's virtual reality software, court documents showed.

ITC has moved higher to its lifetime high of Rs 280, up 4% in early morning trade, extending its previous days nearly 5% rally on the BSE, after a lower than expected hike in excise duty on cigarettes in Budget.

In his budget speech, finance minister Arun Jaitley on Wednesday proposed to hike excise duty on various lengths of cigarettes between 2.5% to 6% against expectation of 8-10%.

National carrier Air India will receive Rs 1,800 crore as equity infusion in 2017-18 under the government's ongoing financial assistance and the amount is slightly higher than the allocation for this financial year.

The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley on Wednesday.

Ashok Leyland Ltd (ALL) has reported an eight per cent growth in M&HCV sales in the month of January 2017 as against nine per cent drop in December 2016 sales.

The company has sold 12,056 units in January 2017 as compared to 11,208 units, in January 2016, an increase of eight per cent.

Mumbai: The Indian rupee strengthened further against the US dollar on Wednesday, after finance minister Arun Jaitley announced a fiscal deficit target that was in line with estimates. This is the sixth consecutive session when the rupee is trading higher.

At 12.32pm, the home currency was trading at 67.57, up 0.43% from its previous close of 67.87. The local currency opened at 67.61 a dollar, and touched a high of 67.57, a level last seen on 14 December 2016.

New Delhi: Government will move ahead with the listing of the railway public sector undertakings (PSUs)—Indian Railway Catering and Tourism Corp. (IRCTC), Indian Railway Construction Co. Ltd (IRCON) and Indian Railway Finance Corp. Ltd (IRFC)—and come out with a procedure for a time-bound listing of central public sector enterprise (CPSEs).

In his Budget speech on Wednesday, finance minister Arun Jaitley said the government will look at consolidation option for PSUs and a new CPSE exchange traded fund (ETF) in 2017-18.

San Francisco: Amazon.com Inc plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx Corp and United Parcel Service Inc.

The world’s biggest online retailer has agreed to a 50-year lease for about 900 acres of property from Cincinnati/Northern Kentucky International Airport—close in size to the global hubs of top cargo airlines.

It has been three quarters since the knuckle rap from the Reserve Bank of India on asset quality and ICICI Bank Ltd’s grip on its bad loans is still slippery. The largest private sector lender reported a 17% increase in its gross non-performing assets (NPAs) for the December quarter and the bad loan ratios worsened, partly due to decelerating credit growth.

ICICI Bank’s gross NPA ratio jumped 1.09 percentage points sequentially to 7.91% for the quarter ended December while net NPA ratio rose to 4.35%.

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