Mumbai: The rupee on Friday closed at a one-week low against the US dollar after foreign institutional investors (FIIs) continued to sell in local equities and debt markets. This was the second consecutive session when the rupee closed lower. A fall in Asian currencies also dampened sentiment.

The rupee closed at 66.89 per US dollar—a level last seen on 13 October, down 0.12% from its previous close of 66.81. The home currency opened at 66.91 and touched a low of 66.94 a dollar, a level last seen on 13 October. So far this year, it has fallen 1.2%.

Mortgage lender HDFC on Friday said it has raised Rs 500 crore through rupee-denominated bonds from overseas investors.

"The corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs 500 crore," HDFC said in a regulatory filing to stock exchanges.

Mahindra & Mahindra (M&M) on Friday expanded its electric vehicle portfolio with the launch of e20 Plus hatchback priced at Rs 5.46 lakh to Rs 8.46 lakh (ex-showroom Delhi).

The company has marked the entry level P2 variant of the vehicle for fleet owners but hasn't disclosed its price yet.

US tech giant Microsoft has set up a cybersecurity engagement centre (CSEC) in the Delhi-NCR region that will help it work with partners in identifying and responding to cyber threats in the country.

The India centre, which is the seventh such facility for the company globally, will function as a satellite to Microsoft's Redmond Digital Crimes Unit (DCU).

MUMBAI: The benchmark BSE Sensex fell by over 94 points in early session on Friday after sentiment was dampened by Reliance Industries' second quarter earnings numbers, which were announced on Thursday.

The 30-share index, which had gained 145.47 points in the previous session, dropped by 94.24 points, or 0.34 per cent, at 28,035.60, with oil and gas, metal, banking, PSU and capital goods sectors bringing about the fall.

Mumbai: The Reserve Bank of India (RBI) released on Thursday guidelines for penalizing payments systems and banks under the Payments and Settlements Systems Act, 2007.

According to the framework issued by RBI, payments systems and banks can be told to fork out penalties between Rs5 lakh and Rs1 crore. Under the Act, no person can operate a payment system without RBI authorization. Only stock exchanges are exempt from obtaining such authorization.

Bengaluru: E-commerce marketplace Flipkart, which touched the 100-million registered user mark last month, is considering options including opening brick-and-mortar stores in small cities as part of a so-called online-to-offline (o2o) strategy to attract more shoppers.

The initiative, known internally as assisted commerce, is one of several the company is working on, said an executive who requested anonymity. Flipkart is seeking to double its current user base at a time when the broader Indian e-commerce market faces stagnation.

MUMBAI: Infosys said it conducted two investigations after the resignation of its chief financial officer Rajiv Bansal that did not reveal any wrong-doing and clarified why some payments of his pay had been suspended, as the IT company tried to put an end to the speculation surrounding the exit.

Infosys has been the subject of many stories following Bansal’s resignation last October, not the least of which said that Infosys’ founders had interfered to stop what they considered his out-size severance payments.

Reliance Industries surprised the Street with a record standalone net profit of Rs 7,704 crore for the quarter ending September 2016 (Q2 FY17), 17.9 per cent higher than the Rs 6,534 crore profit after tax (PAT) reported in the same period last year. Bloomberg consensus estimates had pegged the net profit at Rs 7,239 crore on revenue of Rs 58,004 crore. Standalone revenue, too, was ahead of estimates at Rs 64,344 crore.

Wipro has acquired Appirio, a US-based company that helps companies implement cloud applications like Salesforce and Workday, for $500 million (Rs 3,325 crore).

Appirio, which has large offshore presence, is Wipro’s second purchase after Abidali Neemuchwala took over as chief executive of India’s third largest software exporter. The deal will help Wipro gain expertise in implementing applications on the cloud and for newer clients like Facebook, eBay and Home Depot.

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