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Leaders of the Group of Seven (G7) rich nations are set to clash with a combative US President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminium they fear could lead to a trade war.

The rupee declined by 42 paise to hit a fresh 1-month low of 67.54 per dollar in early trade on Friday due to the appreciation of the American currency overseas and outflows of foreign fund.

After hastily withdrawing their new messaging app amid glaring security flaws, an Indian billionaire and his penurious yoga guru partner are about to have another go at it.

Shares of Usha Martin are locked in the upper circuit of 20% at Rs 28.90, extending their past two days surge of over 20% on the BSE on back of heavy volumes after a media report suggested that Tata Steel joined race for the company.

Bengaluru-based auto-component maker Sansera Engineering Pvt. Ltd has appointed investment banks to start work on its initial public offering (IPO) which could be around ₹1,400-1,500 crore in size, two people aware of the development said.

The due diligence of Fortis Healthcare Ltd has unearthed unpaid vendors’ bills of ₹450 crore, a ₹503 crore penalty on its subsidiary Fortis Escorts Heart Institute and undisclosed land-related issues at three of its hospitals, three people aware of the matter said.

India Meteorological Department (IMD) has predicted “heavy to very heavy” rainfall in the Maharashtra capital even as incessant precipitation threw life out of gear in the maximum city.

ICICI Bank and its managing director and chief executive officer, Chanda Kochhar, have sought more time to respond to a show-cause notice served by the Securities and Exchange Board of India (Sebi).

Benchmark indices are trading  lower, following Asian markets, that stepped back from a 2-1/2 month high on Friday as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end, compounded by uncertainty over trade relations ahead of a key meeting of global leaders.

Thursday, 07 June 2018 21:51

Friday Opening Bell Cues

The Nifty which started with a gap-up on Thursday reclaimed its crucial resistance level of 10,800 on an intraday basis but failed to close above the same.

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