Mumbai: The Indian rupee on Friday opened lower against the dollar tracking mixed cues from the Asian currencies markets.

At 09.01am, the home currency was trading down 0.25% to 60.23 per dollar from its previous close of 60.08.

There a few key takeaways from TVS Motor’s (TVSL) FY14 annual report. Against the backdrop of a low GDP growth and uncertain outlook for monsoon, TVSL expects a modest growth for 2W industry for FY15. A slew of new motorcycles and scooter launches are expected in FY15. The company expects to strengthen its presence in motorcycles and consolidate presence in scooters with new launches. To roll out diesel 3W in FY15. It invested R50 crore and R75 crore in Indonesian operations and captive financing arm, respectively.

The BSE Sensex is trading 0.01 percent higher while the broader Nifty is up 0.02 percent.

Investors cautious and reluctant to take big bets on concerns over violence in Iraq, which sent crude prices to higher levels.

Brent crude held near $115 a barrel on Friday, close to a nine-month high and headed for its second weekly gain on increased risks of supply disruptions from Iraq.

The fair value of the shares of Asia’s oldest stock exchange is up 17.49% over the last year, even as earnings rose on lower expenses.

It has risen from Rs 139.06 to Rs 163.39 per share, according to a notice on the BSE website. The fair value is disseminated by the exchange to help brokers holding the shares to calculate their networth.

The Securities and Exchange Board of India (Sebi) on Thursday announced it had formulated new norms for research analysts, including minimum requirements in terms of experience and qualification, as well as capital adequacy. The Sebi (Research Analyst) Regulations, 2014, would be applicable to brokerage houses, merchant bankers, proxy advisors, etc, said a Sebi statement issued after a meeting of the regulator's board.

Reliance Industries’ announcement of its largest-ever investment plan of $30 billion or Rs 180,000 crore over the next three years, even as it was largely known by the Street, is being looked at in a positive light.

This is despite the near-term pressure it could put on the return ratios. The company had been under pressure to utilise the cash on its books and these investment plans show how it has charted a way forward.

GMR Infra, the Bangalore-headquartered publicly-held infrastructure developer whose agreement for upgrading and managing the Male international airport was unilaterally terminated by the Maldives government, has won the first leg of an arbitration process in the matter.

Capital market regulator Securities and Exchange Board of India (Sebi) on Thursday announced a slew of measures to boost equity issuances by India Inc and help rejuvenate the primary market, which at present seems to be in deep slumber.

NEW DELHI: A study to assess the quantum of black money stashed in India and abroad is yet to be completed, over three years after it was commissioned by the previous UPA government.

The last government, had on March 21, 2011, commissioned the study on estimation of unaccounted income or wealth both inside and outside the country. These studies were expected to be completed within 18 months time, which expired on September 21, 2012.

MUMBAI: Automotive major Tata Motors is considering a sponsored American Depository Receipts (ADR) issue after large shareholders with differential voting rights (DVRs) sought an exit through the US bourses. At least two influential hedge funds and activist shareholders approached the Tata Group flagship citing that the DVRs quoted at a massive discount, not proportionate to the one-tenth voting rights it carried.

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