Business

The BPCL stock touched a high of Rs 474.75 on Tuesday, up nearly 25% from its Thursday’s closing price of Rs 379.85. At 3:05 pm, the stock was trading at Rs 466, up 3.4% from its previous close.

At the interbank foreign exchange the rupee opened at 70.72, registering a rise of 22 paise over its previous close.

This is Kalanick's first investment in India after he was ousted in 2017 from the US ride-hailing leader after a series of scandals.

At 11:21 am, the S&P BSE Sensex jumped 1,122 points, or 3%, to 39,136.68, while the Nifty 50 index jumped 338 points, or 3%, to 11,612.10.

After closing over 5% higher on Friday, the S&P BSE Sensex shot up by another 1,219 points, or 3.2%, to 39,233.53, at 11:40 am on Monday, while the Nifty 50 advanced 356.50 points, or 3.16%, to 11,630.70.

On the flip side, this decision would see the government's fiscal deficit come under pressure and hence result in lower government spending, Dhruv Agarwala, group CEO of PropTiger and Housing.com, said.

The National Company Law Appellate Tribunal has asked both parties to file their terms and conditions by Monday and listed the matter for hearing on September 24.

Drone attacks on the world's largest oil refinery in Saudi Arabia, alleged to have been carried out by Iran over the past weekend, has lead to a massive 20 percent surge in crude prices.

Strikes on Abqaiq — the world's largest processing plant — and the Khurais oilfield that the US has blamed on Iran have knocked out 5.7 million barrels per day (bpd), or six percent of global production.

The measures, which are under consideration, include provision of adequate time for STC to repay bank loans and sale of immovable assets.

Arizona Technology and Innovation Centre has a special focus on autonomous technologies, Internet of Things (IoT), full-stack engineering, data science and cybersecurity, Infosys said in a statement.

Nirmala Sitharaman also announced that small tax payers with minor procedural defaults will not be prosecuted.

With 7,039 startups between 2009 and 2019 and 10 unicorns, Delhi-NCR is ahead of Bengaluru and Mumbai. On the other hand, Bengaluru has 5,234 startups, Mumbai has 3,829, and Hyderabad has 1,940 startups.

Key recommendations by the committee include setting up of a government-sponsored intermediary through the National Housing Bank to enable market-making and standard-setting.

Last month, Indian Oil Corp and other two oil marketing companies had stopped supplies to Air India in Pune, Vizag, Cochin, Patna, Ranchi and Mohali seeking Rs 5,000 crore in unpaid ATF dues.

The move will make home loans and auto loans cheaper from Oct 1 onwards. This is because the banks will now be forced to pass on the multiple rate cuts that the RBI has made in recent monetary policy meetings.