The Indian rupee dived 26 paise to close at a near four-week low of 73.74 against the US dollar on Monday as weaker Asian peers and massive sell-offs in domestic equities weighed on investor sentiment. Markets reel amid global selloff as central bank meetings loom; Tata Steel tanks 9.5 pc.  The Sensex plunged 525 points while the Nifty finished below the 17,400-mark on Monday, reflecting the sombre mood in global markets ahead of a flurry of central bank meetings which are expected to provide cues on the imminent tapering of massive stimulus measures. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

See some other top news of Monday:

- Pfizer, BioNTech say trials find COVID vax safe for children of 5-11 yrs New Delhi: Global pharma major Pfizer and BioNTech SE on Monday said trial results of COVID-19 vaccine showed that it is safe and produced a robust neutralizing antibody response in children aged five to 11 years, and they plan to seek regulatory approvals as soon as possible. 

- EPFO adds 14.65 lakh members in July

New Delhi: Retirement fund body EPFO recorded net new enrolments of 14.65 lakh in July, giving a perspective of formal sector employment in the country. 

- We take allegations of improper actions seriously, investigate them fully: Amazon New Delhi: Amid reports of Amazon probing bribery-related charges against some of its legal representatives in India, the US e-commerce giant on Monday said it takes allegations of improper actions seriously and investigates them fully to take appropriate action.

- Gold marginally higher; silver jumps Rs 98: Gold in the national capital on Monday gained marginally by Rs 14 to Rs 45,080 per 10 gram supported by rupee depreciation, according to HDFC Securities DEL7 BIZ-FACEBOOK-POLICY HEAD-APPT

- Facebook India appoints former IAS officer Rajiv Aggarwal as Head of Public Policy: Facebook India on Monday said it has appointed ex-IAS officer and former Uber executive Rajiv Aggarwal as the Director of Public Policy. DCM45 BIZ-RETAIL INFLATION

- Retail inflation for farm, rural workers eases marginally in August New Delhi: Retail inflation for farm and rural workers eased marginally to 3.9 per cent and 3.97 per cent, respectively in August. DCM42 BIZ-

NCLAT-VIDEOCON
Videocon insolvency: Lenders make U-turn, want fresh bids New Delhi: After getting rapped for accepting Vedanta group's bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT seeking fresh bids for the debt-laden consumer durable firm.

- FinMin to kick-start budgetary exercise from Oct 12: The finance ministry will kick-start the exercise to prepare the annual Budget for 2022-23 from October 12 amidst signs of revival of the Indian economy hit hard by the COVID-19 pandemic.