Despite negative indications from Asian markets, the key equity benchmark indices traded slightly higher after opening flat on Monday.
The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms which requires them to store transactions data of Indian customers within the boundaries of India.
Jet, which owes vast sums to its lessors, pilots, fuel suppliers and other parties, stopped all flights from April 17 after its lenders refused to extend more funds to keep the carrier flying.
Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas, foreign fund outflows and cautious opening in domestic equities added pressure to the domestic unit.
The 30-share index was trading 23.96 points, or 0.06 per cent, lower at 37,439.03. The broader NSE Nifty was also trading 7.85 points, or 0.07 per cent, down at 11,271.05.
Jio MPoS doesn’t demand any merchant discount rate (MDR) and offers a loyalty programme, it said, adding its monetisation strategy includes merchandise delivery, advertising, and supply-side aggregation.
Emirates reported a 69 per cent fall in full-year profit last week, its lowest in 10 years as soaring fuel costs and a strong dollar took a toll on earnings, while passenger growth stalled.
For the sixth year in a row, Scotland's richest person was named as Glenn Gordon and his family, the Jersey-based tycoon behind distillers William Grant & Sons.
The Reserve Bank of India (RBI) has solicited bids from technology firms for developing the mobile application.
Etihad gave no indication whether it was working with any other investors that might take a majority stake in Jet.
YC Deveshwar Deveshwar, who stepped down from the executive role as chairman and CEO in 2017 but remained as a non-executive chairman, breathed his last at a private hospital in Gurugram.
SBI has invited binding bids for a stake in the airline that is saddled with roughly $1.2 billion in bank debt and that has been struggling with mounting losses as it tried to compete with low-cost rivals.
The stock's opening at $42 (Rs 2,940) undermined Uber's strategy to price its oversubscribed IPO conservatively at $45 (around Rs 3,150) per share to avoid a repeat of rival Lyft Inc's stock market struggles following a strong debut in March.
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