Sensex plunges 467 points on weak rupee; Nifty loses 151 points

Mumbai (IANS): The key Indian equity indices ended deep in the red on Monday with the benchmark Sensex losing 467 points and the Nifty50 down 151 points.

The domestic equity market was weighed down by a record low rupee and weak global markets.

Domestic fuel prices high due to weak rupee against USD: Pradhan

New Delhi (IANS): Union Petroleum Minister Dharmendra Pradhan on Saturday said a weak Indian rupee against the US dollar and supply-side constraints have led to high domestic fuel prices.

The minister's comments come in the backdrop of…

Alibaba's Jack Ma to retire

New York (IANS): Jack Ma, Alibaba's co-founder and executive chairman, has said that he plans to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company.

Let Indian users decide on data localisation: Experts

New Delhi (IANS): Amid the Indian government's call to store data locally, experts here said on Friday that the consumers should be free to choose jurisdiction in which data can be stored and it might not be prudent to force data localisation.

Kolkata best city for 4G availability in India: OpenSignal

New Delhi (IANS): As 4G penetration increases in India, Kolkata has emerged as the top city with a 4G availability score of an impressive over 90 per cent, London-based wireless coverage mapping company OpenSignal said on Thursday.

Kolkata…

Rupee slips to a new low; touches 71.75/$

Mumbai (IANS) The Indian rupee plunged to a fresh record low of 71.75 to a dollar during the morning trade session on Wednesday.

Around 10.40 a.m. the Indian rupee traded at 71.75 to a dollar -- the lowest ever mark -- it has touched against…

India's airlines suffering double whammy: IATA

New Delhi (IANS) India's passenger carriers are suffering from a "double whammy" of a steep rise in fuel costs and the decline in the Indian rupees value, global airlines association IATA said on Tuesday.

According…

VMware to comply with Indian government's demand to localise data

Las Vegas (IANS - By Hardev Sanotra) VMware, one of the largest enterprise software companies, says it has no problem with the demand by the Indian government to localise the servers used by big service providers to store users' data.

The…

RInfra wins Rs 200 cr arbitration against NHAI

Mumbai  (IANS) Reliance Infrastructure (RInfra) has won a Rs 200 crore arbitration award against the National Highway Authority of India (NHAI), the company said on Monday.

In a statement here, the company said that a three-member Arbitration…

Oil prices, trade tensions to exert pressure on rupee: Experts

Mumbai, (IANS) Fears over the rise in global trade protectionist measures, coupled with high crude oil prices are expected to exert pressure on the Indian rupee, experts said on Saturday.

However, healthy economic growth rate data released…