Yesterday, the gauge had soared more than 400 points intra-day after the BJP emerged as the single largest party in Karnataka. However, it gave up all gains to end modestly lower after the Congress unexpectedly stitched up a post-poll alliance with the JD(S) and staked claim to form the government.
Yesterday, the rupee had lost 56 paise -- the second biggest single-day fall of 2018 -- to end at a new 16-month low of 68.07 as panic dollar demand rattled the currency market.
In an identical filing, Bhushan Steel confirmed the development saying Tata Steel shall implement the resolution plan through Bamnipal Steel Ltd, a wholly owned subsidiary of Tata Steel.
In an order on Tuesday, Sebi Whole Time Member G Mahalingam said the directions were passed against Abhijit Dutta, a director at Rose Valley Hotels and Entertainment Ltd, after carefully weighing his role as the CEO and director of the company which resorted to illegal mobilisation of money.
On Monday, the finance ministry had asked the boards of Allahabad Bank and PNB to take action against Ananthasubramanian and two executive directors of PNB.
For the assessment year 2012-13, the tax department had found Rs 1,114.91 crore to have been credited to Google Ireland Ltd (GIL) without deduction of tax at source.
Engineering, chemicals and pharmaceutical exports recorded a growth of 17.63 per cent, 38.48 per cent and 13.56 per cent respectively during the month.
Towards the fag-end of the session, both key indices Sensex and Nifty entered the negative terrain reacting to the reports that the Congress would offer support to the JD(S) to form the government in Karnataka.
With regards to provision made for the loss incurred on account of Nirav Modi fraud, the bank said it provided for Rs 7,178 crore, 50 per cent of the total amount of Rs 14,356 crore in the fourth quarter of 2017-18. The remaining amount will be covered in the three quarters of the current fiscal year.
The urbane Vittorio Colao will be replaced by Nick Read, finance director since 2014 and long seen as his successor due to his previous roles running Vodafone's operations around the world.
While Thyssenkrupp confirmed its full-year profit guidance at a group level, the cut in capital goods - which includes elevators, car parts and the struggling industrial solutions unit - is a setback for boss Heinrich Hiesinger.
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