Euro Canals News

The partially convertible rupee was trading around 78.87 per dollar, as of 0425 GMT, hitting its strongest level since July 1. On Monday, it had closed at 79.02.

Shares of online food delivery platform Zomato on Tuesday jumped nearly 11 per cent after the company’s consolidated net loss in the first quarter of the current financial year almost halved. The stock climbed 10.67 per cent to Rs 51.80 on the BSE. At the NSE, it zoomed 10.79 per cent to Rs 51.30.

The airline will revert to advance payment mechanism for its daily operations, and AAI will release a 500 million rupees ($6.33 million) bank guarantee, the company added.

Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India’s small but rapidly growing wine market. The 26-year-old company has opened tasting rooms and hosted an annual music festival as part of its effort to make the drink fashionable in a young country with an expanding middle class.

The rupee was trading at 78.63 as of 0646 GMT, compared with the previous close of 79.02. Earlier in the session, the unit had climbed to 78.50, its highest level since June 27.

A carelessly-driven GoFirst ground vehicle came extremely close to a parked IndiGo aircraft at Delhi Airport on Tuesday morning. Luckily, the car driver — likely over-worked and sleepy as he was later found not to be tipsy — stopped the car just in front of the aircraft nose wheel and did not ram the Airbus A320.

Zomato, backed by Ant Group Co., Temasek Holdings Pte. and Goldman Sachs Group Inc., said in an internal memo that it will name CEOs to at least four units after the deal for grocery-delivery startup Blinkit. The target company also owns a business-to-business unit called Hyperpure.

Replying to supplementaries, she said interventions that are happening from the RBI side are more for containing volatility that is happening between the Indian rupee and the US dollar and so on.

WhatsApp has banned over 22 lakh Indian accounts in June on the basis of complaints received via its grievance redresal channel and through its own mechanism to detect violations, according to the messaging platform.