Rupee falls 8 paise to 86.87 against US dollar

Mumbai: The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds. According to forex traders, rupee stayed firm initially but lost grounds amid volatile domestic equity markets that also added to […]

Tata Elxsi partners with Garuda Aerospace to set up drone design, certification centre

Mumbai: Design and technology service provider Tata Elxsi has partnered with drone maker Garuda Aerospace for setting up a design, engineering, and certification centre to develop indigenous drone technologies. The technology to developed at the proposed centre for which the two companies have signed a memorandum of understanding at the ongoing defence and aerospace show, […]

IEA says India should free gas pricing; unbundle gas marketing, transportation biz

New Delhi: International Energy Agency (IEA) on Wednesday asked India to free up its pricing of natural gas and unbundling of marketing and transportation business to help increase usage of the fuel in the economy. IEA in the India Gas Market Report: Outlook to 2030 projected the country’s gas consumption rising by 60 per cent […]

Sterlite Power secures new orders worth Rs 2,250 crore

New Delhi,: Sterlite Power on Wednesday announced it has secured new orders worth Rs 2,250 crore across its Global Products and Services (GPS) business. The orders are focused on advancing India’s green energy transmission infrastructure and expanding the company’s global footprint, the company said in a statement. “Sterlite Power has won significant new orders worth […]

Glenmark US arm launches antibiotic acne treatment medicine

New Delhi: Glenmark Pharmaceuticals Ltd on Wednesday said its US arm has launched the generic version of Clindamycin Phosphate foam, an antibiotic acne treatment medicine. Glenmark Pharmaceuticals Inc., USA (Glenmark) announces the launch of Clindamycin Phosphate Foam 1 per cent, which is bioequivalent and therapeutically equivalent to the reference listed drug Evoclin foam 1 per […]

No discrimination in education: SC on plea for schools to Rohingya refugees

New Delhi: No child will be discriminated against in education, the Supreme Court said on Wednesday while fixing for next week a plea seeking a direction to the Centre and the Delhi governments to grant Rohingya refugees in the city access to public schools and hospitals. The court just wants to know where these Rohingya […]