MUMBAI: The rupee tumbled 30 paise to trade over 28-month low at 67.95 against the dollar in early trade on Wednesday, mainly due to strong demand for the American unit from importers and banks amid a lower opening in the domestic equity market.

Moreover, sustained capital outflows weighed on the domestic unit but the dollar's weakness against some other currencies overseas capped the rupee's fall, traders said.

New Delhi: In its first launch this year, Indian Space Research Organisation (Isro) successfully put the IRNSS-1E in orbit using Polar Satellite Launch Vehicle PSLV-31. The 1,425 kg satellite was the fifth to be launched as part of the Indian Regional Navigation Satellite System (IRNSS) which will consist of a constellation of seven satellites.

After the PSLV-C31 lift-off at 9:31am on Wednesday from the Satish Dhawan Space Centre in Sriharikota and a flight of about 18 minutes 43 seconds, IRNSS-1E Satellite was injected to an elliptical orbit and successfully separated from the PSLV fourth stage.

London: Private sector lender Yes Bank Ltd aims to list up to $500 million green bonds on the London Stock Exchange Plc (LSE) by December and has tied up with the UK’s exchange group on debt and equity issuance.

Yes Bank has also formalized the memorandum of understanding (MoU) signed with the LSE during Prime Minister Narendra Modi’s visit to the UK in November to develop bond and equity issuance, with particular focus on the relatively untapped sector of green infrastructure finance.

New Delhi: Private energy producers once again bid for solar power projects at the lowest-ever tariffs in the latest auction that concluded on 19 January as India strives to cut carbon emissions by 35% and increase the use of renewable energy sources to generate at least 40% of its power needs by 2030.

Increased investor interest and bidding under the so-called reverse auction process where a winner is chosen based on the lowest price bid for the project are likely to make pricing of power generated from renewable energy sources more competitive, says industry watchers.

Mumbai: Ford India Pvt. Ltd launched the new Endeavour on Wednesday. With prices starting from Rs.24,75,094 (ex-showroom, Mumbai) up to Rs.29,46,388, the premium SUV offering is available in two engine options—Ford Duratorq TDCI 2.2 litre and 3.2 litre.

Designed ground up, the seven seater SUV competes with the Toyota Fortuner and Hyundai Santa Fe. The second generation model will be assembled locally at company’s Chennai plant. It goes on sale from Wednesday. Ford launched the Endeavour in 2003.

NEW DELHI: Anil Ambani-owned Reliance Communications (RCom) Wednesday said it has paid Rs 5383.84 crore as a liberalization fee to the telecom department.

"We have paid liberalization fee in relation to spectrum in the 800 and 850 MHz band held in 16 telecom circles," the telco informed the National Stock Exchange (NSE) in a statement.

Rail travellers from Mumbai will have a matchless opportunity to experience the spectacular and fun-filled 'Goa Carnival' as Indian Railway Catering and Tourism Corporation Ltd (IRCTC) launches the first of its kind rail tour package for the picturesque coastal state, scheduled for February 5.

The five nights-six days all-inclusive package, which will also include sightseeing and cruise ride in Goa capital Panaji, has been chalked out by IRCTC's West Zone in collaboration with Goa Tourism Development Corporation (GTDC).

Is scooter market leader Honda losing share to former partner Hero MotoCorp? A look at the company-wise scooter market data for the past six months points to the rising market share of Hero and a somewhat corresponding dip in Honda’s market share. From a low double-digit market share around mid-2015, Delhi-based Hero has touched 21 per cent in December. In doing so, it has also replaced Chennai-headquartered TVS Motor as the second-largest seller last month.

Reliance Industries (RIL) has dipped 4% to Rs 999 on the BSE on profit booking after the stock had gained ahead of its third quarter earnings.

The company late Tuesday announced a 39% increase in its consolidated net profit at Rs 7,290 crore for the third quarter of this financial year (Q3FY16).

The heavy civil infrastructure business of L&T Construction, along with its joint venture partner, Daewoo E&C of South Korea, has won an order worth Rs 3,115 crore from the Bihar State Road Development Corporation Limited (BSRDCL).

The engineering, procurement and construction (EPC) contract involves design and construction of greenfield six-lane extra-dosed cable bridge over Ganga river near Kachchi Dargah in Patna district on NH-30 to near Bidupur in Vaishali district on NH-103.

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