‘The debt will come down even further if fibre InvIT and Aramco sale happens’

‘Industry leaders would benefit from both the demand revival as well as consolidation.’

‘As economic activity resumes, expect a further revival in the market in the coming months’

'Investors are hoping that we will go back to normal, as it was before corona'.

'You have to get right kind of worker with right kind of skills'

'Indian farmers could be rich if the govt would leave them alone'

Reserves rose by $2.34 billion during the week under review.

London has overtaken Mumbai to become the top center for trading the rupee

At the interbank foreign exchange market, the local currency opened at 71.25.

“Today, USDINR pair is expected to quote in the range of 71.05 and 71.50,” Motilal Oswal Financial Services said.

The rupee on Friday hit a fresh record low of 74.48 against the US dollar following sharp sell-off in domestic equities

The rupee fell against the US dollar after the Federal Reserve cut interest rates to near zero per cent in an emergency move amid the economic impact of the coronavirus outbreak.

The rupee on Friday surged against the US dollar following some selling in American currency by banks and exporters.

The last time forex reserves declined was in the week to September 20, 2019, when it had fallen by $388 million to $428.58 billion.

Forex traders said the rupee which started the day on a positive note, witnessed heavy volatility.

The rupee, which opened on a positive note at 75.90, settled for the day with gains of 78 paise at 75.16 against the American currency.

Forex traders said stimulus measures announced by the RBI and FPIs turning net buyers in capital markets boosted investor sentiment.

Motilal Oswal Financial Services expects the rupee (Spot) to quote in the range of 75.20 and 76.20.

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit.

The emergence of new business environment in the wake of Covid-19 is expected to boost cloud services and digitisation as companies overhaul their digital infrastructure to deal with new ways of working, they said.

Privately-held real estate investment firm Cain International has signed an agreement with the Oberoi Group for the operation of 23 serviced residences in Mayfair in London.

According to the consulting firm KPMG, in comparison to the economic crisis of 2008, the government now has limited options to undertake corrective interventions owing to the financial stress which was already prevalent in the pre-COVID-19 period.

Hotels newly earmarked in Delhi include the Taj Palace Hotel, Shangri-La’s Eros Hotel and Le Meridien, according to people aware of the matter.

Under the e-token system, customers are given specific time for purchasing alcohol so that there is no violation of social distancing norms by people queuing up outside liquor stores.

Realtors' apex body Credai on Saturday said cement and steel rates have increased by 40-50 per cent in last few weeks despite the lockdown and alleged price cartelisation and unfair trade practices by the manufacturers.

The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state.

The company has already started operations in the Middle East, with the re-opening of 9 standalone showrooms in UAE and 3 showrooms in Qatar on the occasion of Akshaya Tritiya. Kalyan Jewellers will be following the highest level of safety and precautionary measures across operational showrooms, to safeguard the health and safety of both customers and staff alike.

In case, the examination results are not ready by July 31, students will have the opportunity to provisionally register and move on to the next semester, the VC said. The entire monsoon semester registration process will be completely online making it easy for the students to register even from their homes.

A lot of companies have made a tactical move to making sanitisers. We want to be a little more strategic, because when things settle down, only big brands with differentiations will work., said Saugata Gupta, MD of Marico

The disruption caused by the coronavirus pandemic could be one such tipping point, provided the states that supply much of the migrant labour have the foresight and political will to reform their industrial environment. It is evident from many accounts that many migrant workers who have fled to their home states will not return.

The highway ministry is examining the issue faced by the contractors and could unveil steps for their resolution soon, two senior officials told ET. Toll road operators will also be compensated for loss of business on account of fall in traffic and toll exemption, they said.

The Railways has ordered a comprehensive probe into the Aurangabad accident in which 16 migrants workers who were sleeping on the tracks were mowed down by a goods train early on Friday.

​​Addressing a press conference, MHA Joint Secretary Punya Salila Srivastava said the government intends to give relaxations to people within the lockdown guidelines. These trains are part of this endeavour, she said.

The Commission of Railway Safety, which investigates all serious rail accidents and clears all rail projects, also said that now that such an incident of migrant or other persons walking along the tracks leading to consequent deaths have come to notice, all-out efforts must be made to prevent recurrence of such incidents in future.

The country's largest domestic airlines had on Friday announced pay cut ranging between 5 and 25 per cent.

Shramik special trains were run from May 1 on the request of different state governments. The railways has suspended passenger, mail and express trains to combat the spread of novel coronavirus (Covid-19) since March 24.

The task force, in a report released on Thursday, acknowledged stress in the telecom sector and said the Supreme Court judgement mandating companies to pay around Rs 1.35 lakh crore has placed some operators in a "precarious position" due to the short period of time in which they have to meet their liabilities.

This will be the first Open House Discussion (OHD) to be conducted by the regulator during the lockdown and also first such discussion to happen through video-conferencing mode.

"We request the DoT to kindly consider extending the currently specified timelines for minimum roll-out obligation by a period of at least 6 to 9 months so that relief is afforded to all forthcoming minimum roll-out obligation timelines and not just to those due for testing at this present point in time," COAI said in a recent letter to Department of Telecommunications (DoT).

Tower and Infrastructure Providers Association (TAIPA) Director-General T R Dua said that during the lockdown period so far, telecom tower-related work was primarily focused on operation and maintenance activities and carrying out essential repairs and upgrades.

The tender was floated by BSNL in March under the new management for setting up 4G network. This was the first tender issued by the telecom PSU after the government announced Rs 68,751 crore relief package for BSNL and MTNL in October 2019.

Airtel Thanks app customers will not have to pay any subscription to avail the access to ZEE5's content, according to the announcement.

Besides rental waivers on select plans for micro, small and medium enterprises, the telcos will help manage their bandwidth needs and offer customised digital tools to boost their web presence.

The Indian unit of Fiberhome, a Wuhan-based producer of fibre optic, had in mid-2019 bagged a pan-India fibre-based network programme contract from PGCIL that aims to offer broadband services and resell bandwidth to public departments.

Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion. And he isn't done yet.

Three deals in three weeks injected a combined $8 billion in the group and help it pare its debt.

The body has also raised serious concerns with the new Pesticide Management Bill, which heightens the criminalisation of business operations, as there are penalties of up to Rs 50 lakh with an imprisonment up to 5 years or both, without differentiating between minor or major offences.

In a statement issued on Tuesday the company said it will "enforce all the guidelines set by government authorities to ensure health and safety of the employees and all other stakeholders involved in the manufacturing process."

Coal India planned to auction 60% of its 75 million tonnes inventory by May-June following which four subsidiaries planned to offer 46 million tonnes under different e-auction schemes. CIL reduced floor price for bidding from 20-30% above notified price to the notified prices and bulk of the offer was to be for auctions allowing consumers to lift booked quantities over several months.

Chief Minister Bhupesh Baghel has written to union steel minister, asking him to instruct the public-sector enterprise under his ministry to act "responsibly in a crisis". Since NMDC had "diverted the corporate social responsibility fund of people of Chhattisgarh to the newly created PM Cares fund", it could also pay up the Rs 1,023 crore it owed the state for mining violations, the letter said.