New York, The US dollar rose against the British pound in late trading after the Queen Elizabeth has approved a request by British Prime Minister Boris Johnson to suspend Parliament just weeks before the Brexit deadline on Oct 31.

The Queen approved the order to prorogue parliament no earlier than Sept 9 and no later than Sept 12. It will return with the Queen's speech on Oct 14, just two weeks before the scheduled Brexit date.

New Delhi, In a bid to boost car sales amid piling inventories, the State Bank of India (SBI) on Tuesday waived processing fee on car loans during the upcoming festival season and is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.

The move is likely to be followed by other PSBs in different formats to make credit cheaply available to the buyers. Officials from at least three public lenders said they would respond to the SBI move in their own way to benefit auto buyers during the festival season.

New Delhi Automobile major Hyundai Motor India (HMIL) launched the Grand i10 Nios, priced between Rs 4.99 lakh and Rs 7.99 lakh, here on Tuesday.

The Grand i10 Nios is the third generation in "i10" series after i10 and Grand i10 models and offers BS-VI petrol compliance.

According to the company, the vehicle comes with an option of a 1.2 BS6 petrol and 1.2 U2 diesel engine mated with either 'MT' (manual transmission) or in-house developed "smart auto" (auto-manual) transmissions.

Mumbai, Reliance Industries (RIL) Chairman Mukesh Ambani on Monday announced the launch of Jio GigaFiber and said that the services would be available commercially from September 5.

Speaking to shareholders at the 42nd Annual General Meeting (AGM), Ambani said that the tariff plans would be priced between Rs 700 and Rs 10,000 per month.

"We are pricing our plans at less than 1/10th the global rates, to make it accessible for all. JioFiber plans will be priced between Rs 700 to Rs 10,000 per month to suit every budget and every need," he said.

Mumbai, Real estate developers have joined the industry chorus to welcome the 35 basis points (bps) cut in repo rate but market players and experts also stressed the fact that the mess in the construction sector and the ongoing demand slowdown is of such magnitude that only a rate cut is unlikely to boost subdued sentiments.

Anuj Puri, Chairman of Anarock Property Consultants, said that the hard facts of declining consumption and a deepening economic slowdown in India are inescapable, and real estate has been severely impacted by them.

Mumbai, The equity and currency markets declined on Monday over heightened trade tension between the US and China, and the political developments in Jammu and Kashmir (J&K).

Union Home Minister Amit Shah earlier in the day proposed to revoke Article 370 of the Constitution which gives special status to Jammu and Kashmir and said the state will be split into two Union Territories: Jammu and Kashmir with an Assembly and Ladakh without one.

New Delhi, Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent effective August 1, 2019.

The Council has also slashed rate for EV chargers from 18 per cent to 5 per cent making electric vehicle affordable for the buyers.

Mumbai, The Sensex and the Nifty on Friday snapped out of their 6-day-long losing streak, to offer some respite on the last day of the week.

Sensex closed 51 points higher at 37,882.79 from its Thursday's close of 37,830.98, while the broader Nifty settled 32.15 points higher at 11,284.30.

Mumbai, Looking like the last day of the losing streak for the markets, Thursday's trading session, however, proved no different that the developments over the past five days.

Markets closed in the red for the sixth day in a row troubled by a series of defaults by DHFL and Cox and King and uninspiring quarterly results.

Besides, investors have already been under pressure owing to the slowdown concerns, very visible in the performance of steel companies while the exodus of foreign funds seems to be nearing the sell-off in October last year.

New Delhi, India's subsidies to petrol and diesel between October 2018 and June 2019 amounted to almost three times the three-year government budget for electric vehicle (EV) support, a new study revealed on Thursday.

The study by Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD) said the government could redirect the money collected in tax via petrol and diesel towards EVs and see far more growth.