Business

Rupee ends at lowest level of 71.21 per dollar


Mumbai, Sep 3: The Indian rupee reversed all the gains made earlier in the day to close at an all-time low of 71.21 per dollar on Monday, tracking a weak trend among its global peers and amid concerns of a wider trade deficit. On Friday, it settled at 70.99-71, after hitting a low...

RInfra wins Rs 200 cr arbitration against NHAI


In a statement here, the company said that a three-member Arbitration Tribunal, on August 31 in an unanimous award asked the NHAI to pay RIfra Rs 150 crore by November 29. NHAI will have to pay interest at 12 per cent per annum on the amount if they do not pay Rs 150...

Equity indices open in green; IT stocks rise


At 9.30 a.m. the wider Nifty50 of the National Stock Exchange traded at 11,702.55 points, higher by 22.05 points or 0.19 per cent from its previous close. The SP BSE Sensex which had opened at 38,915.91 points (9.30 a.m.), traded at 38,760.50 points, higher by 115.43 points or 0.30 per cent from its...

Wipro wins $1.5 bn multi-year deal from US firm


Bengaluru, Sep 2: Global software major Wipro on Sunday said it had won a $1.5 billion (10,500 crore) 10-year deal from the US-based technology firm, Alight Solutions LLC.We have won a 10-year engagement to provide a suite of solutions and services to the Illinois-based Alight Solutions, a leader in technology-enabled health, wealth,...

Wipro wins $1.5 bn multi-year deal from US firm


We have won a 10-year engagement to provide a suite of solutions and services to the Illinois-based Alight Solutions, a leader in technology-enabled health, wealth, human resources and finance solutions, said the city-based IT major in a statement here. Claiming the deal to be its largest win so far, the company said it...

Huawei sells 10 mn P20 series smartphones globally


Huawei P20 Pro and P20 were the world's first devices to receive a triple-digit score by DxOMark -- the industry standard for camera and lens image quality measurements and ratings. Priced at Rs 64,999, P20 Pro comes with an Artificial Intelligence (AI)-powered triple rear camera system. Even today, the Huawei P20 Pro remains at...

Chinese patients to get cheaper cancer drugs from Sep


The drugs are all crucial in dealing with haematological neoplasms and solid tumours, and have great clinical value and huge benefits for patients, the National Healthcare Security Administration said. It asked pharmaceutical companies to adhere to the price cut in line with the lowered procurement prices of these drugs, Xinhua news agency reported. A...

‘Interesting possibilities for new business ventures in China’


There are interesting possibilities for developing partnerships and a willingness to cooperate with Italy and with Italian firms, Tria tweeted on Friday. Italy sets great store on collaborating with Chinese towns and cities, Tria underlined in the tweet, which he published after meetings on Friday with the Mayor of Shanghai Ying Yong and...

Adani fails to keep Sep 1 date with Vizhinjam port


Adani Vizhinjam Port Private Ltd (AVPPL) had on December 5, 2015 targeted September 1, 2018 to finish the first phase of the Kerala port. Adani had said it would be operational in 1,000 days, which was Saturday. The then Oommen Chandy government had inked the 2015 agreement for the international multi-purpose deepwater seaport project...