Reliance Communications said on Monday it has moved the National Company Law Appellate Tribunal (NCLAT) to withdraw its appeal to settle dues with Ericsson so as to pursue a debt resolution plan via the National Company Law Tribunal. The NCLAT has asked Swedish telecom equipment maker to file its replyRead More →

The rupee weakened by 17 paise to trade at 71.33 against the dollar in opening session on Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices. The dollar’s gain against major world currencies also impacted the rupee sentiment, forex dealers said. AtRead More →

The rupee darted up 9 paise to 71.02 against the dollar in early trade on Thursday amid a reversal in foreign fund outflows even as oil prices hardened. At the forex market, the domestic unit opened slightly higher at 71.06 and built on the gains to reach 71.02. Snapping aRead More →

 The rupee gained some strength against the dollar on Thursday. At the days highest point, the rupee touched 71.05 against the greenback, marking a gain of 19 paise against the American currency. Weakness in the dollar overseas along with mild gains in the domestic equity markets supported the rupee, sayRead More →