The Indian rupee is likely to gyrate in the range of 75.20 and 76.60 in near term, says Sugandha Sachdeva VP-Metals, Energy Currency Research, Religare Broking.

Forex traders said the rupee is trading in a narrow range as positive domestic equities supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit.

ICICI Direct expects The rupee paused its winning streak as the Dollar Index reverted from its support of 98.5. Selling in global markets, rise in crude oil prices can attract some buying in dollar as safe heaven assets.

Rupee is expected to gyrate in the range of 75.20 -76.60 in coming days, says Sugandha Sachdeva VP-Metals, Energy Currency Research, Religare Broking.

With lockdown in major economies on account of coronavirus coupled with continuous outflows from the Indian capital markets will possibly lead to depreciation of the Indian rupee.

the volatility in spot may continue and 75.30-75.50 will act as a strong support and we may see a bounce towards 76.50 level, says Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.

ICICI Direct The USDINR pair managed to close above 76 levels as the US Dollar index moved near 100 levels. Negative tic equities and selling by FIIs are likely to keep the rupee move in check.

The IIP numbers ahead are expected to be weak and are going to further worsen the rupee-dollar equation, says Sugandha Sachdeva VP-Metals, Energy Currency Research, Religare Broking.

ICICI Direct The USDINR pair managed to close above 76 levels as US Dollar index moved near 100 levels. Negative domestic equities and selling by FIIs are likely to keep the rupee move in check.

The 92-year-old habit of presenting a separate Railway Budget has finally come to an end. Railway Budget has been merged with Union Budget. The government has also advanced the date for Budget presentation and having just one head of expenditure by merging both plan and non-plan expenditures.

Dinesh Trivedi, Former Rail Minister, said: "If you don’t have a separate Budget for railways the importance for railways goes away. You don’t need a railway minister, merge it with surface transport."

The Finance Ministry on Wednesday accepted the NITI Aayog member Bibek Debroy-initiated and Railway Minister Suresh Prabhu-backed proposal to merge the Rail and General Budgets. Here’s a quick take on the benefits and drawbacks of the merger.

The government now plans to switch to a capital and revenue-spending classifications. This will help create a clear and effective link between the government’s earnings, spending and outcomes.

Speaking to CNBC-TV18 Former Finance Minister Yashwant Sinha said the railways can’t be treated like any other department. "My own feeling is that the Finance Minister will have to grant a lot of autonomy to the Ministry of Railways, he said.

Once the circular is issued Budget exercise will kick off, Finance Secretary Ashok Lavasa told CNBC-TV18. Under the contours of the merged Budget, gross budgetary support to Railways Ministry will continue, so will the commercial arrangements of Railways Ministry, he said.

With plans to remove classification according to plan and non-plan expenditures, Shaktikanta Das says the government has already started conducting dry runs of a budget without plan and non-plan expenditures.

The Cabinet decision to bring forward the presentation of the union Budget and merge the Railway budget with it, along with a likely roll-out of the Goods and Services Tax from April 1 next year, could well make 2017 a breakout year for policy-making.

At a press briefing, Jaitley announced that the Cabinet headed by Prime Minister Narendra Modi has decided to scrap nearly a century old practice of having a separate railway budget and merging it with general budget.

"The abolition of a separate railway budget is not what it is purported to be. It is a measure towards commercialisation and privatisation of the Indian Railways," CPI(M) Politburo said in a statement.

"They (farmers) fear that BJP government and Arun Jaitleyji will not give farmers their rightful share so I have asked the government to directly tell what it will do for the farmers next year", the Congress vice-president stressed.

The instructions were issued following the Cabinet decision to merge rail and general Budgets, do away with distinction between plan and non-plan expenditure, and advance date of Budget presentation with a view to complete the entire exercise before March 31, the fiscal year end.

With the Cabinet's approving the merger of Railway Budget with General Budget, the parliamentary panel on finance has decided to 'examine' the move along with its "ramifications thereof".

The elections in five states, he said, are likely to be held in phases and the government in no way wants any of them to clash with the Budgetary exercise.

ixigo, India’s leading mobile travel marketplace has announced partnerships with Uber and redBus to enable instant bookings for cabs and buses natively within ixigo trains app.

On Tuesday, the central bank surprised the market with a 25-basis-point cut to its policy repo rate, or the rate at which it lends to banks, to 6.25 percent.

Sure, artificial intelligence can make life simpler by suggesting you places to eat, tell you weather, or even crack a joke. The more you use it, the more it learns about your habits and preferences. The protocols pertaining to artificial intelligence, or the lack of it, make our data less secure and more vulnerable.

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Shares of Borosil Glass Works have increased threefold over the past one year as the company has posted strong revenue and EBIDTA growth over the past few quarters.

Stocks like Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel gained over 1 percent from previous close.

Most people focus on returns and chase products that offer the best returns at any point.

In an interview with CNBC-TV18, Satpal Arora, MD of Tourism Finance Corporation of India (TFCI), talked about the state of business and the outlook ahead.

But along with that the employment growth rates have started to dip, NV 'Tiger' Tyagarajan says. The percentage addition of employees in India will not be same as past. And due to advancements, a workforce with higher skill sets is required for the IT industry, he says.

This is the biggest ever single day sale for Bangalore-based Flipkart, since the time the company started in 2007.

"Allowing imports of cement from Pakistan, therefore, carried with it the additional risk in that it provides an effective cover for smuggling of contraband goods and harmful weapons and ammunition concealed in cement bags which comes in rakes and trucks, in the hands of disruptionist elements," he said.

The Aurangabad-based company aims to mop up nearly Rs 1,162 crore (at higher end of price band) by diluting 17.5 percent stake through the issue that will close on October 7. It already raised Rs 348.52 crore through anchor investors' portion on Tuesday, the day before issue opening.

Global liquidity tailwinds are unlikely to get any better from now and that makes Arvind Sanger, Managing Partner at Geosphere Capital Management “cautiously optimistic” on the Indian markets.

Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.

"In large parts of Africa, it is likely that technology could fundamentally disrupt this pattern. Research based on World Bank data has predicted that the proportion of jobs threatened in India by automation is 69 percent, in China it is 77 percent and in Ethiopia, the percentage of jobs threatened by automation is 85 percent," he said.

The benchmark 10-year government-security yield remained stuck in 8-7.5 percent range through all of 2015 and half of 2016, moving lower to sub-7 percent only when the RBI promised in April to reduce the system's liquidity deficit. The yield may now fall more.

The government has readied plans for a major change in India’s tax administration structure, including overhauling the Central Board of Excise and Customs (CBEC) to ensure a glitch-free roll-out of a nation-wide goods and services tax (GST).

Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki are top gainers while ONGC, Axis Bank, MM, Bajaj Auto and Hero MotoCorp are major losers in the Sensex.

In this edition of Big Story, Moneycontrol#39;s Sakshi Batra shares her insight on the fuel hike and how will it impact us.

If there is no direct government intervention to uplift demand then the auto industry is staring at its worst year ever.

Watch this edition of Business Insight to know more about CMIE#39;s latest unemployment data the job market situation in India.

In this edition of Big Story, Moneycontrol#39;s Sakshi Batra shares her insight on how states are imposing alcohol taxes to generate revenues.

According to Vikram Ahuja, co-founder, Talent500 by ANSR Consulting, a recruitment platform, there is a huge demand for a full stack developer as firms are now looking at doubling their product development.

The actor will be remembered for effortlessly portraying varied roles.

That was the sombre assessment of about a dozen top producers, distributors and actors from Bollywood, the movie industry in Mumbai, during a video conference this week, one of the participants said.

The track is for "all those in the frontline, all around the world... the people who are risking their lives to save us and save our families," guitarist Brian May told Reuters in a video conference call interview from his home in London.

While the novel coronavirus pandemic has closed down sporting action like almost everything else, there are some football films to watch, for fans and others.