Business

Revenues from operations of the Bengaluru-based firm grew 12 per cent to Rs 19,128 crore in the April-June quarter compared to Rs 17,078 crore in the year-ago period, Infosys said in a BSE filing.

In addition, firm Asian cues and a strengthening rupee against the dollar supported the rally.

Forex dealers said besides sustained selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee.

Northern TK Venture Pte Ltd, Singapore, a unit of IHH, will be issued 235.3 million new Fortis shares through a preferential allotment, giving it roughly 31 percent of the Indian company's total voting equity share capital.

The stock after making a positive opening further jumped 3.78 percent to Rs 1,948 — its 52-week high — on BSE.

According to traders, fresh buying by participants and mixed trend in overseas gave investors the confidence.

Hiesinger said: "Today I informed the Supervisory Board that I would like to step down from my position as CEO of Thyssenkrupp. I take this step very consciously to enable a fundamental discussion in the Supervisory Board on the future of Thyssenkrupp.

Asian markets were trading lower as investors look for direction amid growing global trade war tensions. Wall Street closed for a public holiday.

The lender said it has recruited a team to establish the operations under the guidance of the Board of Directors and trustees.

The acquisition will boost manufacturing in India by providing thousands of local suppliers access to consumers through the marketplace model, the company said in a statement.

Every step taken by the BJP government, starting from the GST Constitution Amendment Bill, with regard to the tax was deeply flawed, Chidambaram alleged.

The South American nation's ambassador to India, Sergio Dario Arispe Barrientos, said the country has the largest deposit of Lithium and India could explore this opportunity.

Emphasising that adherence to fair taxation system is much more than merely providing revenue to the government, Kovind said chartered accountants are the watchdogs of public trust.

Citing it as one of the major positive developments, Mehta said the US court has made it very clear that money will not be distributed among creditors of Firestar Diamond Inc till money trail is clearly established.

Sources added that if the deal goes through, the IDBI Bank would get a capital support of Rs 10,000-Rs 13,000 crore.

The rupee closed at an all-time low of 68.79 on Thursday due to multiple headwinds, including concerns over inflation and weak global cues. The currency recovered lost ground on Friday to touch 68.36 in afternoon trade.