At the Interbank Foreign Exchange (forex), the domestic currency opened at 68.53 a dollar and fell further to touch the day's low of 69.05. It finally settled at 68.96 per dollar, down 43 paise over its previous close.
The International Air Transport Association (IATA) represents more than 290 airlines, including Air India, Jet Airways and Vistara.
SN Subrahmanyan made it clear that L&T, which is looking at the Mindtree deal as an investment to deploy its cash of over Rs 15,000 crore, will want at least 26 percent stake in the target company.After L&T signed a deal to acquire 20.3 per cent shares of Mindtrees’s lead investor VG Siddhartha on Monday, the IT firm’s top management reflected on the potential negative consequences to corporate culture, client relationships and employee retention if the deal goes through.
The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI), on Jet's financial health, sources said.
The state-run oil company PDVSA had earlier sought to replace deliveries to the United States and Europe that were disrupted by payment restrictions with cash-paying buyers, especially in India.L&T said it would buy a 20.32 percent stake in Mindtree from coffee baron V.G. Siddhartha and companies related to him - Coffee Day Enterprises and Coffee Day Trading.
Investigators into the Boeing Co 737 MAX crash in Ethiopia eight days ago have found striking similarities in a vital flight angle with the 737 MAX that came down off Indonesia.
The 30-share index was trading 73.35 points, or 0.19 per cent, higher to 38,168.42. The gauge had gained over 1,420 points in the previous six sessions.Besides the greenback's weakness against some currencies overseas, increased selling of the American currency by exporters as well as banks supported the rupee.
The three companies will collaborate to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market.
Besides the greenback's weakness against some currencies overseas, increased selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.L&T has also announced an open offer to the public shareholders of Mindtree to purchase up to an additional 31 percent of the outstanding shares of Mindtree at a price of Rs 980 per share in cash.
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