Business

Extending yesterday's sharp losses, the Sensex slumped about 108 points to 27,719.81 today.

Markets took a nosedive minutes after the director general of military operations announced that the Indian army had conducted “surgical strike at terror launch pads” in response to the September 18 militant attack in Uri town of Kashmir.

Continuing its good run for the sixth day at a stretch, the rupee appreciated by 3 paise to 66.43 against the US dollar in early trade today.

FIPB will decide on 15 foreign investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan, on September 26.

The rupee weakened by 25 paise to 66.93 against the dollar in early trade at the Interbank Foreign Exchange market on Monday.

"We, as BRICS, are an influential voice in international discourse. It is, therefore, our shared responsibility to shape the international agenda," he said.

The outgoing Governor of Reserve Bank of India Raghuram Rajan on Saturday said the status and the position of the central banker should not be changed in the interests of macroeconomic stability.

Ambani also announced a 'free welcome offer' for Jio customers from September 5 till December 31. Jio will offer 10 tariff plans starting at Rs 19 a day for occasional users, Rs 149 a month for low data users and Rs 4,999 a month for heavy data users.

Oil prices eased in Asia today, ending a seven-day run, following news that Iraq will boost crude exports, while the dollar strengthened on speculation the Federal Reserve could hike interest rates this year.

Ola Rentals allows corporate users to have a cab at their disposal throughout the day so that they can easily move from one place to the other for back to back meetings, local sightseeing, or shopping trips, without having to book a cab again and again.

The government is confident of rolling out the GST regime from April 1 next year but the deadline may be difficult to meet: Revenue Secretary Hasmukh Adhia.

The Sensex is up 363.98 points or 1.3 percent at 28078.35.

Once implemented, the GST will subsume various taxes including excise, services tax, octroi and other levies and the proceeds will be shared between the Centre and states.

A weak dollar in the overseas market also boosted the rupee value even as traders stayed cautious ahead of GST debate in the Rajya Sabha on Wednesday, a forex dealer said.

FEMA amounting to Rs 17,789.9 crore was filed against 15 companies that have received FDI from tax havens like Mauritius, Singapore and Virgin Islands.

Jabong, incubated by Germany-Rocket Internet of in 2012, which sold apparel, footwear, beauty products, fashion lifestyle products and home accessories was once a leading fashion and lifestyle e-commerce portal.