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Rupee breaches 70-mark against dollar, experts say volatility manageable

From the end of March 2018 to August 3, India's foreign exchange reserves were down by $21.84 billion to $402.70 billion

India benefitting from weakness in emerging markets, says Citibank

Most investors remain worried over absolute returns, owing to rising interest rates, crude oil prices and upcoming elections, Says Citibank

A company offering services to branches in other locations will attract GST

Although the tax could be claimed as an input credit by the location receiving the service, it might increase the compliance burden for companies

Morgan Stanley PE, Banyan Tree invest $75 mn in Nspira Management

Nspira currently offers its services to over 500 educational institutions with a student base of close to 400,000 across 13 states in India

Srei Group's plan for DCHL resolution falls short of creditors' votes

After the voting ended, applicant firm India Vision Fund submitted a modified plan in a last-ditch effort to stay in the ring, but there was no immediate response from the CoC, sources said

Women's wear brand W's IPO next week; shares priced at Rs 714 to Rs 716

The 15.7-million share offering will open for subscription on July 18 and close on July 20

HC orders grace marks after Tamil NEET row, admissions after new rankings

Madras HC has issued an order to award 196 grace marks to each of the candidates who took the examination in the Tamil language

Launches of residential units increase 40% in June quarter, says study

Bengaluru saw a 32% growth in home sales in Q2,2018

Sensex nears life high on earnings boost; RIL, HDFC Bank shares gain

Both the Sensex and the Nifty have gained 1,202 points, or 3.4%, in the past nine trading sessions on June-quarter earnings optimism and supportive global cues, despite global trade tensions

Axis Bank recommends three candidates to succeed CEO Shikha Sharma

ICICI Bank is also grappling with management shuffling with Chanda Koccha

SAT directs Sebi to launch a fresh probe in RIL's Network 18 buy

Tribunal raps market regulator for not following instructions in April 2016 order; issue is whether RIL violated listing norms while taking control of Network 18

MP takes up solar rooftop tendering with 45% subsidy support

Over 60 prospective bidders attend pre-bid meeting for the tender that is expected to be finalised in July

Teradata names former CTO Vishal Sikka in IP-theft lawsuit against SAP

In the complaint, Teradata said that SAP had entered into a joint venture with it a decade ago with the intention of gaining access to its IP

RBI purchases bonds worth Rs 100 billion from the secondary market

This was the second OMO purchase this year, and something that the market was widely expecting, considering the banking liquidity reducing to neutral levels

BoA ML downgrades FMCG stocks to 'underweight' from 'overweight'

Multiples for Indian staples have defied gravity recently

After near three-year probe, Sebi action in NSE colo case in a 'few days'

The exchange, its officials, brokers could face enforcement action

NSE to introduce corporate governance code stricter than existing laws

The exchange is in the process of creating incentives for listed corporates that adhere to these norms, which will be voluntary

Amicus Capital invests Rs 700 million in Sanjeev Kapoor's Wonderchef

This is the PE fund's second investment. It had last year invested Rs 600 million of growth capital in digital insurance aggregator Renewbuy.com

Uber India unit's profit remains flat though grows 10% in FY17

Taxi hailing firm pays more towards deferred taxes, higher expenses weigh on profit

Uber India sees moderate revenue growth of 9.5% at Rs 4.1 bn in FY17

Taxi-hailing firm's payment towards deferred taxes and higher expenses weigh on profit