Business

This came on the same day that another telco, Bharti Airtel, posted its highest ever loss of Rs 23,045 crore during the second quarter.

The Indian currency was trading 57 paise lower at 72.04 against the US dollar at 1548 hours.

Financial markets will resume trading on Wednesday. The broader NSE Nifty ended 0.04% higher at 11,913.45 on Monday, while the benchmark BSE Sensex closed up 0.05% at 40,345.08.

Amazon had poured a record $1.5 million into a Super PAC run by the Seattle Metropolitan Chamber of Commerce to back a slate of candidates in the November 5 council elections viewed as pro-business.

Finance Minister Nirmala Sitharaman said questions are being asked about the nature of the country's economic slowdown, which is affecting the global economy.

Onion prices have risen sharply for more than a month due to tight supply. The retail prices have increased up to Rs 100 per kg in the national capital and ruling in the range of Rs 60-80 per kg in other parts of the country.

The world's biggest steel maker reported a net loss of $539 million (587 million euros) for the three-month period ending September 30, after a loss of 447 million in the second quarter.

Infosys in Octobe had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by the top management.

The study puts the trade diversion effects of the US-China tariff war for the first half of 2019 at about $21 billion, implying that the amount of net trade losses corresponds to about $14 billion.

The development comes after Infosys on Monday said it had received no proof to support the allegations in a whistleblower letter from last month, which had sent shares crashing.

Titan lowered its revenue growth guidance for the second half of the fiscal year (October 2019 to March 2020) sharply to 11-13% from 20% earlier.

Tech Mahindra Ltd shares gained 1.4% after net profit rose 17.2% to Rs 1,124 crore in the September quarter compared with the previous quarter.

On the other hand, Yes Bank was the biggest gainer, rising 3.40 per cent, after ace investor Rakesh Jhunjhunwala bought approximately 1.3 crore shares of the company for around Rs 87 crore through open market transactions.

Rakesh Jhunjhunwala has purchased Yes Bank shares at the time when brokerages are bearish on the stock with most of them giving a ‘sell’ rating due to concerns over asset quality and subdued deposit and loan growth.

Hanung Toys and Textile Ltd owes Rs 2,300 crore from a consortium of 15 lenders led by state-owned PNB, which alone has exposure of Rs 599 crore.

The Supreme Court had on October 24 upheld DoT's contention that non-telecom revenues should be part of the annual Adjusted Gross Revenue (AGR) — a percentage of which is paid to the government as statutory dues.