Industry players have sought government support in the form of stimulus package and reduction in excise duty to overcome the slump.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
A Delhi court on Saturday issued fresh summons to Reliance ADA Group Chairman Anil Ambani and his wife Tina Ambani to appear as prosecution witnesses before it next month in the 2G spectrum allocation case.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
Forex dealers said weakness in local equities cast a shadow on the rupee. Dollar losing in overseas markets didn't impact the fall of the local currency, they added.
The local currency had lost 119 paise in the past five sessions on rising worries over current account gap and fears that withdrawal of US stimulus will hit inflows from overseas.
News of all that's transpired on and off the football field
Create your own identity to reach the top, says journalist Ravish Kumar at the Jaipur Literature Festival. Shahnawaz Akhtar reports.
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
At its core, Criminal Justice is a tale of small miscalculations leading to grave consequences, feels Sreehari Nair.
'Modi remains the most popular politician in India; the BJP's organisational and fundraising prowess is considerable; and the Opposition, while newly collaborative, has no leader or clear economic messaging as of yet.'
'The Vision of Justice was indeed attained in the courtroom.' 'Not once, but multiple times.' 'But has it translated into reality?' 'Has the success of these sterling verdicts reached the ground?' asks Justice Ranjan Gogoi, the next Chief Justice of India.
Essel Group, Reliance Jio, Fortis and 17 others on Thursday signed initial pacts to invest over Rs 39,000 crore (Rs 390 billion) in Uttar Pradesh, with Chief Minister Akhilesh Yadav promising the investors all possible support.
'As the film progresses, you tire of the been-there seen-that spectacle.' 'You want a story. You want good dialogue, not the corny words you are hearing.' 'You want an emotional connect. You want a tighter film.' 'Sadly, with Padmaavat, that's not what you get,' says Savera R Someshwar.
The accused had also requested the court to take on record the written answers afresh.
West Bengal CM Mamata Banerjee said no one has the right to ask someone to leave this country.
Modi is not being consistent with his past record of caution.' 'Has something changed in the way Modi does things?'
There is a vital difference between Bofors and Rafale, explains Shekhar Gupta.
After another day of volatile trade, the rupee today appreciated by seven paise to close at a new one-month high of 59.04 against the dollar as the RBI's liquidity-tightening measures continued to lend support.
Ssanyong has invested 700 billion won since its M&A (with Mahindra) and would put one trillion won ($920 million) in next three years.
The agency had earlier alleged that the company had sold its 9.1% stake to Delphi for Rs 10 crore --a rate much lower than the prevalent market price.
The rupee weakened by 27 paise to trade at six-week low of 60.45 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
Rajesh Bhayani highlights all that you need to know about the online currency.
The argument for a weaker rupee is substantial.
Modi accused the Congress of criticising EVMs and the functioning of the Election Commission after they were reduced to 44 seats from 400 in Lok Sabha. "They did not question the EVMs after the recent Karnataka elections," he added.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
The huge pressure on the currency market largely went unnoticed because of the demonetisation exercise.
It takes eight to nine months for developing a robust software from the time the rules are decided, warns Bharat Goenka, managing director of Tally Solutions, one of the entities entrusted as a 'Suvidha Provider' with developing ready software for customers to get them ready for the coming Goods and Services Tax.
Why must Indians adjust their time-tested system because of what the West needs, asks Sanjeev Nayyar.
Banks and exporters preferred to reduce their dollar position in view of its weakness.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
The National Democratic Alliance won 64 seats.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
The Supreme Court order asking Kolkata-based Advanced Medicare and Research Institute Hospital to pay Rs 5.96 crore as compensation for medical negligence could wipe out an entire year's profit. With interest, the compensation translates to a little more than Rs 11 crore.
Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report
The West has built a culture of art philanthropy.
Morgan Stanley has big plans to invest in India's real estate.
Even on paper, there is not much to choose, especially with Pune beating MI thrice this season including a comprehensive victory in Qualifier 1. But a impressive show by Mumbai in the final cannot be ruled out.
'I am angry because this ever happened.' 'I am sad because it's painful to think what they must be going through.' 'I am glad we've fought hard to break through such cruel tradition.' 'But it burns my blood to think we're still holding on to regressive culture that is stemmed from preserving this so-called honour,' says Sukanya Verma.
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