Business

The NSE Nifty opened at 10,864.85 and hit a high of 10,994.90 and low of 10,817.00 during the day. The index swung 177.9 points during the trading session. It closed at 10,987.45, showing a rise of 123.95 points, or 1.14 per cent.

Amazon is planning its first store in Los Angeles as early as the end of the year.

To ensure that farmers are paid their dues expeditiously, the Centre has asked banks to seek bank account details of cane growers from mill owners, so that amount is paid directly to farmers.

The domestic unit snapped its gains of previous two sessions on Tuesday and closed 10 paise lower at 71.07 to the US dollar amid fears of escalation in tensions following Indian fighter jets' air strike on a Pakistan-based terror camp.

Earlier this month, the company named Starbucks Corp's Chief Operating Officer Rosalind Brewer as a director, the second black woman to serve on its board.

The reference rate for the rupee against the British pound was fixed at 92.8808 and against per 100 Japanese yen at 64.22.

A consortium of banks, led by the SBI, has extended loans to Jet Airways, which is looking to rejig debt and raise funds.

The company said it will be ready for trial in India from the second quarter; however, telecom operators will have to decide on timeline for tests.

The finance minister also made a vehement pitch for the Modi government to be elected with a clear majority in the coming general elections so as to provide stability to the economy.

Saudi Oil Minister Khalid Al-Falih said Saudi companies are looking at manufacturing chemicals and fertilizers as well as invest in infrastructure projects in India. Power plants including renewable energy units are also on their radar.

A firm trend in global equities on hopes of a resolution to the US-China trade conflict, as the next round of talks begin later in the day, too pushed domestic indices in the positive terrain, traders said.

India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's position with the International Monetary Fund (IMF).

A penalty of Rs 1.5 crore has been imposed on Oriental Bank of Commerce (OBC) and Rs 1 crore each on Punjab National Bank (PNB) and Bank of India.

At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.90 and fell further to touch the day's low of 71.18

A higher number of men admit searching for love on dating apps and 30 percent of them are already using Tinder to meet people, according to a survey by the international data and analytics group YouGov.

Forex dealers said weakness in the dollar against some other currencies overseas and foreign capital inflows in the domestic equity markets supported the rupee, but a lower opening of the domestic equity market capped the gains.