Maharashtra

Mumbai, Oct 3 (PTI) The rupee depreciated 38 paise to 81.78 against the US dollar in early trade on Monday, tracking a muted trend in domestic equities and risk-off sentiment among investors.

Besides, surging crude prices in the international market impacted the domestic unit, traders said.

At the interbank foreign exchange, the local currency opened weak at 81.65 against the dollar, then lost further ground to quote at 81.78, registering a loss of 38 paise over its previous close.

Thane, Oct 3 (PTI) Two girls, who were allegedly burnt alive by their father, died while undergoing treatment at a hospital in Maharashtra's Thane district on Monday, police said.

Sameera Shantaram Patil (14) and her sister Samiksha (11) suffered 91 per cent burns in a fire at their house in Bopar area of Dombivili town on Saturday morning. Their mother Preeti (35) died of burn wounds on Sunday, an official said.

New Delhi, Sep 25 (PTI) The Indian rupee sliding to a historic low of 81.09 to a dollar will make import of crude oil and other commodities expensive further fueling inflation which for the past several months has remained above the Reserve Bank's upper tolerance level of 6 per cent.

The pressure on the domestic currency, which is mainly due to repeated hikes in interest rate by the US Fed, is likely to continue with rise in trade deficit and gradual withdrawal of funds by institutional investors.

Mumbai, Sep 21 (PTI) Global rating agency S&P on Tuesday said even though the US and the Euro zone are headed to recession, India is unlikely to face the impact given the "not so coupled" nature of its economy with the global economy.

Mumbai, Sep 16 (PTI) Maharashtra's Food and Drugs Administration (FDA) on Friday cancelled the baby powder manufacturing licence of Johnson & Johnson Pvt Ltd "in the interest of public health at large".

In a release, the state government agency said the company's product, Johnson's Baby Powder, may affect the skin of newborn babies.

Samples of the powder for babies did not conform to standard pH value during a laboratory test, the regulator said.

Panaji, Aug 28 (PTI) Adani Group firm AdaniConneX is planning to build 1,000 megawatt data centres -- almost double the present size of the total industry -- over a period of 10 years, a senior company official said.

AdaniConneX Senior Vice President and Head of Data Centre Business, Sanjay Bhutani said the the first seven data centres of the company will come up in Mumbai, Chennai, Hyderabad, Delhi, Bengaluru and Pune.

New Delhi, Aug 14 (PTI) After turning net buyers last month, foreign investors have become aggressive shoppers of Indian equities and have invested Rs 22,452 crore in the first two weeks of August amid softening inflation concerns.

This was way higher than a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in the entire month of July, data with depositories showed.

FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year.

New Delhi, Aug 7 (PTI) Drug major Cipla is betting big on digitisation and emerging segments like biosimilars and mRNA aided medications to drive its next phase of growth.

The Mumbai-based drug maker is also bullish on maximising value opportunity in the complex generics in the US market.

It is also looking to scale up its US core formulations sales on the back of respiratory and peptide franchises while monitoring upcoming complex product launches in the second half of the current fiscal.

Mumbai, Jul 29 (PTI) India's foreign exchange reserves declined USD 1.152 billion to USD 571.56 billion for the week ended July 22, according to RBI data.

The reserves has been declining amid continuing volatility in the rupee which has also significantly depreciated against the US dollar.

In the previous reporting week, the overall reserves had declined by USD 7.541 billion to USD 572.712 billion.

Mumbai, Jun 28 (PTI) The rupee plunged by 46 paise to close at record low of 78.83 (provisional) against the US dollar on Tuesday, weighed down by persistent foreign capital outflows and a surge in crude oil prices.

At the interbank foreign exchange market, the rupee opened lower at 78.53 against the greenback and finally settled at 78.83, down 46 paise over its previous close.